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Both Ends

by The Barringer Team

Both Ends

 A seller in town asked a couple of interesting questions a month ago and I thought I should tackle them via a post or two. Here’s the first question:

“Our agent represents us as the sellers. The buyers wants him to represent them, the potential buyer. Right now he gets 6% if he sells the house and would split it with the buyers agent if they had one. What is the % of discount should our agent give us? “

Very interesting and good question…and I think there’s several answers that are appropriate for it. First off a question…how good is the offer? If it’s a good one, why argue about the commission? You were going to pay it anyway. Second, if the offer is lower than you were hoping for, how about using the extra commission to bridge the gap…regardless of who gets it. Maybe the buyer needs it for the downpayment…why not let them have it if the purchase price is right for you? Third, I personally hate doing both ends of a transaction. Both sides end up distrusting me. I discovered that I just couldn’t win. I’ve done it and regretted it. I’d much rather give the buyer to an agent in my office to make sure I represent my client alone. Of course, that’s because I’ve been doing this for 24 years and that extra commission isn’t going to be as important as it was all those years ago.

If a home has been on the market for a long time, maybe it’s not such a bad thing to do both ends…maybe you have to! If it’s in a multiple offer environment I think I’d worry about it. It’s almost a guarantee that the playing field won’t be level.

 

New Listing!

by The Barringer Team

Call or e-mail for your personal showing!

209-833-7777

Image Unavailable
131 Eureka Way
Price: $219,000 Beds: 4 Baths: 2 Sq Ft: 1874
Great single story home lovingly cared for by original owners. Pride of ownership really shows here in the stunning tile flooring and remodeled kitchen complete with new cabinets and corian counter tops. Recessed lighting too. Formal living room wit...

 

Tracy California Real Estate Stats

by The Barringer Team

The following information is from the local MLS database, as of December 1, 2012 and is compared to (November 1, 2012). The market here is dominated by short sales, REO's and Flips. Short sales that have an offer are now Pending Short Lender Approval. There are much fewer homes available to show that even the short sales are getting multiple offers. We have seen more and more of equity sellers and many "Flips". Interest rates are edging up slightly with 30 yr fixed at 3.41% and 15 year at 2.72%.
The inventory is still very low with barley one month supply left. There is a definite lack of good homes for sale. This is because there are many buyers grabbing them as they come out. Prices are increasing greatly as a result of the competing between the buyers. If you have been on the Fence about selling your home then NOW is the time to sell. If you are in need of counseling about the short sale process and how it effects your credit, please give us a call. Just call or e-mail for an hassle free appointment or to just talk about the market anytime. 1-800-894-7282 or sales@tracyhomes.com

 

Tracy, CA

ACTIVE Status

Total # of residential properties for sale in the city of Tracy: 47 (59)

# of REO (foreclosures): 5 (10)

# of Short Sales: 10 (9)

Average # of days on market: 81 (80)

The median price of all homes for sale in Tracy: $301,600 ($289,888)

The average price of all homes for sale in Tracy: $347,097 ($340,606)

Lowest priced home: 2br/811sqft. ft. /$89,250

Highest priced home: 5bd/8076 sqft. ft. /$1,290,000

PENDING Status

Number of properties currently under agreement: 300 (323)

# of REO: 22 (20)

# of Pending Short Lender Approval: 161 (172)

Average pending price: $249,407 ($246,409)

Median pending price: $240,000 ($239,888)

SOLD Status

Residential property sold over previous 30 days: 90 homes (132)

REO’s sold in the last month: 7 (13)

Short sales sold in the last month: 40 (52)

Average sale price: $272,188 ($254,617)

Median sale price: $250,000 ($250,000)

High: $700,000 (7bd/3888sq. ft. home)

Low: $80,000 (1bd/672 sq. ft. home)

 

 

Mountain House, CA

ACTIVE Status

Total # of residential properties for sale in the city of Mountain House: 16 (21)

# of REO (foreclosures): 2 (2)

# of Short Sales: 2 (3)

Average # of days on market: 26 (21)

The median price of all homes for sale in Mountain House: $367,000 ($374,900)

The average price of all homes for sale in Mountain House: $356,443 ($352,590)

Lowest priced home: 2bd/1262sq. ft. /$155,000

Highest priced home: 5bd/3664 sq. ft. /$477,000

PENDING Status

Number of properties currently under agreement: 89 (104)

# of REO: 8 (11)

# of Pending Short Lender Approval: 48 (45)

Median pending price: $309,450 ($306,250)

Average pending price: $301,391 ($296,450)

SOLD Status

Residential property sold over previous 30 days: 29 homes (25 homes)

REO’s sold in the last month: 3 (3)

Short sales sold in the last month: 12 (10)

Average sale price: $298,943 ($300,808)

Median sale price: $305,000 ($305,000)

High: $476,000 (5bd/4765sq. ft. homes

Low: $156,000(3bd/1262 sq. ft. home)

 

New Listing

by The Barringer Team

 

Image Unavailable
2159 Frank Blondin Ln
Price: $283,000 Beds: 4 Baths: 3 Sq Ft: 2095
Very nice single story home with 2 master's. Tile entry way into formal living room. Kitchen has double ovens and great floor plan....

With Highest Regards,

Bill Barringer

Team Leader

The Barringer Team, Century 21 M&M and Associates

#1 Century 21 Company in the WORLD. SMARTER. BOLDER.FASTER.

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The Barringer Team
Century 21 M&M and Associates
912 W 11th Street
Tracy CA 95376
209-833-7777
800-984-7282
Fax: 209-229-7426
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