Saturday, March 25, 2006

BUYERS: What Not To Say When Looking at Homes


What Not To Say

Brian Barringer
Buyers Advocate for the Central Valley


Its a fact of real estate that sometimes when buyers are looking inside a home with there agent the seller(s) are going to be there. There are a few things to remember when this happens. This article from Agent-Broker News that talks about what you should not say around a seller and a few other good buyer tips. I felt this is a very interesting article for any buyer in a buyers market.

Some like to lead you on a grand tour and sell you the home, and others like to silently follow you around the house, both are observing everything you say and do. When a seller is at the house it makes it hard to show because my buyers and I can not discuss freely what we are thinking. The reasons are two fold, one we do not want to offend the owner, and two, if we love the house we don't want to give away the "farm". The best thing is to be neutral and save our thoughts, comments and ideas for when we are in the car driving away.

"We don't want to make the seller mad and we don't want to tip our hats........."

Your Homebuyers Shouldn't Say "Love" or They'll Pay Dearly
by Mark Nash


Here are a few things he advises buyers to never say in front of a Seller:
~I love it.~
~It's perfect for us (me).~
~We (I) just fell in love with the house.~
~I (we) just found my next home.~
~It's our dream home.~
~We've loved it for years.~
~We love it. We want it.~
~It's the perfect house for us (me).~
~We love this house. Dearly.~

While this advice may just seem like common sense, you really do have to be careful what type of information you are communicating to the listing agent (sellers agent) when looking for a home? If you are represented by a buyer's agent, you should never meet the listing agent face to face.

A few other tips that I liked......
1)Adopt a poker face
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2)Moderate picture taking
3)Don't stay too long
4)Review closed sold comparable from the last six months
5)Ask factual questions, which can you, can independently verify answers.

On the flip side, some things you want to think about is to be respectful of peoples homes. Most people take pride in there homes and also are very insulted when a buyer suggests a change of some kind. Its like telling the seller there is something wrong with him or her.


The only piece of advice I do not agree with is "(1) sleep on your decision, don't be impulsive" If we see a house and you love it there is no reason not to go back to the office and write the contract. When looking at homes that are under market value this doesn't apply. What I mean is that the best deals sell quickly. That's the rule. Besides if you change your mind before the contingencies are removed you get your deposit back. Typical contingency period for a California residential purchase agreement is 17 days for inspections and 17 days for loan. Once the contingency are removed by contract the deposit gos to the seller.



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Brian Barringer
Real Estate Buyers Advocate
209-613-8945
800-894-7282

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Friday, March 24, 2006

Market Report For Tracy California for the week of 3/18-3/24

Updated:
Market conditon for this week: Steady
This Week:
currently 481 single family homes for sale and 43 other properties.
31 single family homes are currently pending.
18 pending homes went sold.
There are 26 open homes listed on the MLS today. Here they are with pictures and maps.




Last Week:
462 homes on the market
31 pending and 18 sold

3/03/06-3/10/06:
433 homes on the market
26 homes pending, 14 homes sold

2/24/06-3/03/06 -
440 Homes on the market
43 homes pending, 30 homes sold.

2/17/06-2/24/06
421 active
23 pending, 5 sold,

What's going on in California?

I have three articles for my readers one is about the California Market, one is about the National Market and the last is an interesting article about mortagage trends. The market up and down the state is changed from a sellers market to a buyers market.

Median price of a home in California at $535,470 in February, up 13.7 percent from year ago; sales decrease 15.5 percent a report by the California Assciation of Realtors(CAR).


Median Prices By Region - Current Month vs. Year Ago

Raw data about The California Market: This is data that is put together by the California Assocation of Realtors based on closed escrow sales of single family, detached homes only (no condos). Reported month to month changes in sales activity may overstate actual changes because of the small size of individual regional samples. Movements in sales prices should not be interpreted as measuring changes in the cost of a standard home. Prices are influenced by changes in cost and changes in the characteristics and size of homes actually sold.



California:

$535,470/Median Price
-2.9%/Percent Change in Price from Prior Month
13.7%/Percent Change in Price from Prior Year
2.7%/Percent Change in Sales from Prior Month
-15.5%/Percent Change in Sales from Prior Year


Central Valley
Holding steady.......................... We have one of the lowest median prices going for us.

$350,830/median Price
1.1%/Percent Change in Price from Prior Month
12.3%/Percent Change in Price from Prior Year
-2.2%/Percent Change in Sales from Prior Month
-26.4%/Percent Change in Sales from Prior Year


Just Northern California:
$423,360/Median Price
1.8%/Percent Change in Price from Prior Month
9.9%/Percent Change in Price from Prior Year
-4.2%/Percent Change in Sales from Prior Month
-16.9%/Percent Change in Sales from Prior Year


Calif. (condo)
$433,140/Median Price
0.6%/Percent Change in Price from Prior Month
12.4%/Percent Change in Price from Prior Year
6.9%/Percent Change in Sales from Prior Month
-17.7%/Percent Change in Sales from Prior Year




The rest of California Sales by Region

Los Angeles
$565,600/Median Price
0.9%/Percent Change in Price from Prior Month
19.4%/Percent Change in Price from Prior Year
-5.8%/Percent Change in Sales from Prior Month
-17.9%/Percent Change in Sales from Prior Year

Santa Cruz County
$712,000/Median Price
-2.4%/Percent Change in Price from Prior Month
-2.5%/Percent Change in Price from Prior Year
0.9%/Percent Change in Sales from Prior Month
-23.6%/Percent Change in Sales from Prior Year

Northern Wine Country
$589,550/Median Price
-8.6%/Percent Change in Price from Prior Month
-0.3%/Percent Change in Price from Prior Year
0.0%/Percent Change in Sales from Prior Month
-12.4%/Percent Change in Sales from Prior Year

Sacramento
$379,240/Median Price
1.6%/Percent Change in Price from Prior Month
7.8%/Percent Change in Price from Prior Year
1.9%/Percent Change in Sales from Prior Month
-30.5%/Percent Change in Sales from Prior Year

San Francisco Bay
$719,220/Median Price
1.7%/Percent Change in Price from Prior Month
6.1%/Percent Change in Price from Prior Year
-0.4%/Percent Change in Sales from Prior Month
-12.3%/Percent Change in Sales from Prior Year

Santa Clara
$765,000/Median Price
3.4%/Percent Change in Price from Prior Month
8.5%/Percent Change in Price from Prior Year
5.6%/Percent Change in Sales from Prior Month
-15.3%/Percent Change in Sales from Prior Year





Whats happening at the National level?

The National Assn. of Realtors reported Thursday that sales of existing single-family homes rose 5.2% last month to a seasonally adjusted annual rate of 6.91 million units. The biggest increase in two years took economists by surprise.

The buzz around the web is that Seattle, Washington is now the place for apprecation homes out there are "going gangbusters" as reported by the Herald in Snohomish county, Washinton.
Copyrights


This chart found on NAR website shows the real estate inventory for all of the US. The number at the end (mos. Supply) means how many months it would take to sell off all current inventory at the current rate of sales per month.
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Inventory in California compared to one year ago.
* California: 6.7 months vs. 3.2 months a year ago.

Other interesting news:

Use of ARMs declines - Mercury News in San Jose
In February, 51.9 percent of all California home buyers took out an ARM, down from 63.7 percent in January, 68.7 percent in December and 70.9 percent in November, according to La Jolla-based DataQuick Information Systems. State ARM use crested last May at 73.7 percent.





With Highest Regards,

Brian Barringer
Buyers Agent
800.894.7282

EMAIL ME!
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Wednesday, March 22, 2006

Found a local blog for the blogroll, The San Joaquin Blog

Its not new just new to me it seems to be about local politics simply called San Joaquin Blog.

Since I am trying to keep tabs on all local blogs I am going to link to them in my LINK section. Go to my links for a complete list of all local blogs and other favorite websites of mine.

Through the blog I also found a new website for local politician and ex-safeway employee, Tom Benigno, who is running for Congress. I don't know to much about politics but I read his bio and it says he used to work for Safeway, like myself so he is cool.


With Highest Regards,

Brian Barringer
800.894.7282

EMAIL ME
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Our track record for selling homes in Weston Ranch, Stockton, Ca

Sorry I have to do a little bragging here. This is a post I put together for craigslist. Weston ranch is in Stockton not Tracy, I know.

News from the front:
Pending in just 7 days. Buyers are out there.
For more infomation on the local real estate market in the valley check out my blog here.

Just got an excepted offer on our listing on Woodhollow Ln. in Weston Ranch. Click on the link for more info on the listing.

The house went for above asking price! For the last week that makes 3 pendings in the whole WR area. The Barringer Team has two of those listings. 3 out of 200 is not very good odds. Check out our DOM track record below.. DOM means Days on the Market before an excepted offer. Average days on the market is around 37 days in Weston Ranch, a lot of the homes have been on the market for over 50 days and never get sold, those homes are not repersented in this chart. They just sit there forever. The data below repersents a buyer and a seller getting together and closing the transaction. There are about 200 listings for sale out there right now, which is considered high inventory. Check out the market activity charts I put together using MLS data. The Data is all sold properties in Weston Ranch since 8/01/06, about 250 homes.




What I am tring to show you is how we get homes sold with a team full of Experienced agents working for the same goal.


Sign up here for a Free Market Analysis.
(Complete the required information on your home and you will receive a FREE Computer Analysis, indicating your homes present value on the market today. You will receive this information quickly by e-mail.)

And dont forget to mention my name.....................Brian Barringer(kidding)
If you are planning on putting your home up for sale give us a call we would be happy to meet with you and go over in-depth our plan to get your home SOLD not just listed on the market.

With Highest Regards,

Brian Barringer

Barringer Team.
800.894.7282
EMAIL ME
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Tuesday, March 21, 2006

Luxury Real Estate on Nancy Amelia Ct, Tracy California

Nancy Amelia Ct, Tracy, CA 95304

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$1,999,800 (LP)

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Year built: 2001
Active (03/21/06)
Beds: 5
Baths: 4 (4 0)
Sq Ft: 3830 sq.ft
Lot Sz: 9.660ac


This just hit the market today.Take your average 2 million dollar home in the bay area and upgrade to super luxury just one hour away in quaint little Tracy, Ca. I really like the appearance I think its one of the finest homes I have come across in the Tracy area in a long time.

It was on the market about half a year ago for the same price for 46 days with no offers. Since this is a buyers market the seller is going to have to negotiate a little on the price I bet. Its worth it I bet living here makes one feel like Tony Soprano. This 3830 sq.ft home sits on a 10 acre lot! lots of unused land here. If I were the buyer I would turn it into my own personal park with trees everywhere.

As you would expect with a home of this magnitude it has a lot of upgrades..........................
* gourmet kitchen
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* wet bar in dining room

* crown molding

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* koi pond

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* built in bbq
* solar energy panels
* A 4800 sf custom warehouse
* luxury living at its best

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Also a few things the listing agent did not touch on is that the owner put a lot of money into the landscaping, its top of the line. Home also has a really nice pool.

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Home is on a mound to prevent the home from flooding in unlikely event of a flood. If you are interested in getting a showing I can contact the listing agent on your behalf and get the process started.

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This home is listed by CENTURY 21 Fine Homes & Estates. The Barringer Team may represent you as buyer's agents. Contact us today to set up a showing at this property or any others you see. Check out

http://www.tracyhomes.com

for additional San Joaquin County listings.
Brian Barringer
barringer.public@gmail.com

Let me help you find your next home new or otherwise.
Brian Barringer
Buyers Agent
800.894.7282

barringer.public@gmail.com

http://www.tracyhomes.com



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Monday, March 20, 2006

What is a blog?

What is a blog? Blog is short for weblog. A weblog is a journal (or newsletter) that is frequently updated and intended for general public consumption. Blogs generally represent the personality of the author or the Web site.

People read blogs with newsreaders that will pick up subscriptions to a blog through an rss(really simple syndication) feed. Every blog has an rss feed. There are rss feeds for every topic you can think of, news, pictures, politics, everything. Its the new savvy way of getting the news that interests you. That's the way I use it anyways. I love it, I use google and I have a google homepage with about 10 different subscriptions including my own blog. Every time I post a new article a link appears on my homepage with the title of the article.

That will make it so that you can keep up with many different sites updates at once through your home page once you register with one. Wordpress.com has a great introduction to blogging if you would like more information

Pick a popular one like google.

Just register for an account and also get a gmail account while you are there.


This will give you a google homepage you can use as a newsreader and customize any way you like.

If you have any questions on how to set up one of these give me an email and I would be happy to help point you in the right direction. The little chicklets that say "add google" "add yahoo" and so on are links to setting up different home pages. I like google.

Blogs tend to have a few things in common:
* A main content area with articles listed chronologically, newest on top. Often, the articles are organized into categories.
* An archive of older articles.
* A way for people to leave comments about the articles.
* A list of links to other related sites, sometimes called a “blogroll”.
* One or morefeeds like RSS, Atom or RDF files.

Top Ten Reasons to Blog.

10) Encourage daily writing, which can ignite your creativity
9) Have a creative, open space to write to an audience thereby gain more clients!
8) Reflect/organize on your own writing, research, and career goals
7) Share your reflections and insights i.e. Your clients will get to know you (and trust you) more!
6) Experiment with a new genre of communication - You'll be on the cutting edge of technology!
5) Find readers to respond to your interests and ideas.
4) Create a network of homebuyers and industry insiders who often refer sales that are out of their area!
3) Archive URLs, readings, and online resources
2) Find readers for your work

and the number 1 reason? Thats a secret. I cant tell you everything.

Why do I blog:

I feel that this is a great way to put out a website that has a constant flow of new original content that is valuable to my clients and prospective clients and to citizens of Tracy, Ca in general. The higher propose is to educate my prospective clients and past clients and to interact with other professionals o. If you like my blog please use my services. This takes a lot of time and effort to put together. This is just a work in progress and since I am doing this all myself it should be a great blog for Tracy, California beyond.

Brian Barringer
Barringer Team.
barringer.public@gmail.com
800.894.7282
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Saturday, March 18, 2006

Tracy Market Activity for 3/10/06-3/17/06

Here is the weekly Market update for Tracy, Ca. Sorry for being a day late. Since I am not putting this out on Friday I am not including the Open Home list this week. If you want a list of open homes just emai me @ barringer.public@gmail.com. For this week there are 462 homes on the market, 31 pending and 18 sold.

Just my first test audio post.
this is an audio post - click to play

Homes are still selling steadly and inventory is also rising but slowly. Inventory grew about 30 homes in one week. What that means is we are moving deeper and deeper into a buyers market.

The most interesting sold property this week was on Madison.

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1440 Madison Ave 2650 sq.ft on a 0.210ac lot built in 1956, What is interesting is I saw this home go for sale about six months ago for 500,000. Its in the older part of Tracy, single story ranch feel to it with a nice pool in the backyard. Now when they first put it on the market they were asking too much so it sat there. Then they reduced the price a few weeks ago to 479K. What was really interesting is that they sold the house for 430,000 which is a great deal for the buyer!!!! I figer that if they would have listed the house with us we would have put the price at 449,999 and most likly would have gotten the price bidded up. When you are willing to take less but put your price way high people just assume you dont want to go down in price and you miss a lot of traffic. Putting your price lower then market generates excitement. It makes it so that the buyers fight each other instead of beating you up.

If you are getting ready to sell your home call me and I would be happy to sit down with you and go over how our teams marketing plan can get your home sold the fastest for the most amount of money!



Last week Market update: 3/03/06-3/10/06 - 26 homes pending, 14 homes sold and 433 homes active,

Tracy Market Activity for the Week 2/17-2/24

Brian William Barringer

barringer.public@gmail.com

800.894.7282

209.613.8945


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2 KILLER NEW HOME DEALS

KILLER NEW HOME DEAL
#1
(10 minutes from Tracy, Ca)
$429,900





Give me a call and we will get started with getting pre-qualified Financing is important because we could not lock the home without it. If you are looking for a home in the Tracy area for under 450,000 then you should be taking a look at this one because its the best deal out there in my opinion.






Base Price $430,990
Square Feet 2747
Bed 4
Bath 2 1/2
Stories 2

This elegant two-story home includes a living room, dining room and den. Enjoy a wood burning fireplace with media center in an oversized family room. Gourmet kitchen is equipped with a sunny breakfast nook and butlerÂ’s pantry. Master bedroom features a large walk-in closet and master bath with oval soaking tub and dual vanity sink. This home is tailored for any lifestyle with an optional super family room, office or additional bedroom and bath.

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Let me help you find your next home new or otherwise.

Brian Barringer

Buyers Agent

800.894.7282

barringer.public@gmail.com


GET ACCESS TO THE MLS FOR TRACY AND THESURROUNDINGG AREAS................


http://www.tracyhomes.com


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Wednesday, March 15, 2006

UPDATE: Best deal in Tracy a Fixer Upper opportunity.


PENDING in 5 Days with muliple offers! I will watch this transaction and post the sale price. I bet it went for more then asking.




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Tuesday, March 14, 2006

New listing as of 3/14/06 SOLD


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Features include:
3/4 Bedrooms
2.5 Bathrooms
2146 Square feet of living space
Weston Ranch Location
6,534 square foot lot

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Brian Barringer
Century 21 M&M


barringer.public@gmail.com



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Monday, March 13, 2006

Local Superstar MC Hammer gets a Blog


alright now Stop........HAMMERTIME. Being a fan of Mc Hammer since I was 9 years old I am really happy to see him blogging, at first I thought it was fake but its legit, 2 legit.

Props to Tracys most famous resident, Mc hammer for getting a blog. McHammer was recently on The Surreal life and I though Hammer repersented himself very well in that show. I see him around town every once in a while. I know he loves Nations just like I do. I always go there in the morning and get a burger and read the newspaper every once in a while hes there too.

Me and hammer started blogging at the same, sweet.
Check it out here
Its pretty good. I am going to put it in my blogroll.
tracys other famous residents

Brian Barringer
brian@tracyhomes.com

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Sunday, March 12, 2006

Best deal in Tracy a Fixer Upper opportunity.

You can bet your bottom dollar this home is generating a lot of excitement from buyers!
THIS IS NOT MY LISTING. I do not want to confuse anyone. I am a Buyers Agent and I can represent you in purchasing this home. I can negocate on your behalf and represent your best interests in any transaction. All information posted is public information through the metrolist MLS, which I am a member. This Listing is offered by David S Kong of Prudential California Realty in Stockton, Ca.
The last time this street saw a price like that was way back in June of 04' with 951 N Hickory Ave which is the same model home that sold for $333,000 MLS #40033161. This home is in a really nice area of Tracy, I grew up down the street. To get a good idea of the potential value of this home get an idea from the comps below.
(700-1200 squaw, built 1975 and older, Active, Pending, and solids) Criteria was pretty loose for the comps most of the houses are smaller or older then the subject home and the subject home is still a better deal. As anyone can see this appears to be a sweet deal for any investor or first time buyer.

Check this out to get an idea of what a buyer might be looking at in all of Tracy thats a simular size. Link to Simular active homes in Tracy
Similar homes that are all fixed up in that area are going for a minimum of 400K.

Keep in mind the home that is for sale is not headache free. Is a rental property that is FIXER and its also in PROBATE SALE. What that means is:
1) that its not going to be in the best shape
2) its going to take a while for an offer to be excepted and court approved.
3) subject to tenants rights.
With homes priced like this in this condition the sellers are also looking for a quick sale with an AS-IS offer. . Its a nice little 1132 sqft. home built in 1969.
Call me for questions and a Showing
Brian Barringer
209.613.8945/cell
800.894.7282


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Friday, March 10, 2006

Weekly Market Update for Tracy, Ca.

Market update: 3/03/06-3/10/06 - 26 homes pending, 14 homes sold and 433 homes active,

Hello everyone. Sorry its been a few weeks since I have done a market report. I have been really busy. I would ideally like to do this report each Friday. In the report you will find the weekly home sales activity for the city of Tracy, Ca. Each week has a hyper link to the pending and sold homes in a CMA report. Please keep in mind that these links are updated as they change status, for example, if a home is pending and then the deal falls through it becomes active and falls off of the pending list. Solds should remain sold though. Also below I have a hyper link to All open homes for the weekend, in the link is another link to the map to each home. I hope this is helpful. Also keep in mind that I am a buyers agent and I can represent your best interest in purchasing a home in or around Tracy. Thanks for checking out my bloc.


Weekly Market Activity for Tracy, Ca

Open Houses in
Tracy, Ca
This weekend there are over 31 scheduled open houses. Here is a link to all the details and also maps to each home.
Summary: The market seems to still be picking up. New home salespeople are saying that inventory is shrinking and that's because they have been slashing prices. Value seems to be holding steady there were some strong sales this week. Our team has been very busy, my mom sold a really nice home for 910K. We have 6 homes pending and 3 listings on the board, it could always be better :) I am never to busy to talk to a prospective client or my existing clients for that matter. If you are looking for a home in Tracy check out the links on the side bar for MLS access and email updates or you can just give me a call and I will take care of you. Thanks.
Last Week
notice how more homes closed because its the end of the month
Week before last
2/17/06-2/24/06 23 pending, 5 sold, and 421 active,
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Century 21 M&M


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Thursday, March 02, 2006

Local Links

My side bar got a little cramped and since I am planning on compiling a ton more links I dedicated a hole page to it. If you would like me to link to your website just send me an email with a short discription of your site, your URL and I will put it up ASAP as long as you put a link on your site to mine. Also if your webpage is on this page and you do not want it to be email me as well.

http://tracyrealestate.blogspot.com/
Barringer.public@gmail.com



  • City of Tracy website

  • Local Newspaper(daily)

  • City-data.com on Tracy, ca

  • Tracy Chamber of Commerce

  • Tracy School Site Directory

  • Sutter Hospital of Tracy


  • Great Plate bar & Grill


  • Main Street Music on 10th

  • California Delta History & Visitors Bureau

  • Delta fishing

  • Tracy Oasis Marina

  • Daves Bass Shack

  • 12 monkeys Tattoo



  • Tracy Today (Local Blog)


    Dave Parker's (Local photo Blog)


    Paul Menard's (Local photo Blogger)


    Cheri Matthews editors (Local blog)


    The Ignatian Perspective (Local blogger)
    Political Notes-Nick Juliano(Local blog
    Infamy or Praise(Local blogger)
    The Gary Tittle Band (Local music blog)
    MC HAMMERS BLOG (Local Celebrity Blog)


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    Wednesday, March 01, 2006

    New Home for 409,000? That just crazy.....

    Email Me for a showing
    update: 3/13/06. This model is now sold but they have another simular one for 434,000.3/13/06
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    3 Bd
    2Ba
    1692 sq.ft of living space
    5200 sq.ft Lot
    Ready to move into.............................
    If you ever wanted to live in a brand new home near Tracy now is the time, because home builders in Lathrop are in a pricing war. This house is a single story and sits on a nice sized lot.
    There are several builders in Lathrop now that are the best deals on the market, period. This is one of them from Lyon homes. The other builder is Richmond American. These guys are head to head. Last week Richmond American slashed prices now Lyon is competing. This means great deals for buyers. If you are interested in getting into a new home please call me. I would be happy to meet with you and show you all of your options and help you make an educated decision on the best deal. I represent your interests in the deal and the builder pays me a referral fee.
    Now is the time to take advantage of this great buyers market and get the house you have always wanted. Builders are offering all kinds of incentives like free kitchen upgrades or paying for closing costs.
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    Brian Barringer
    Buyers Agent
    209.613.8945
    Here are a few pictures I took of the model the picture of the master bedroom and formal living room did not come out however.
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    Living room that is open to the kitchen
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    Bedroom
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    Bedroom
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    Hallway bath
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    Master bath sinks
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