A drastic price ajustment on bank sale.
0 Comments Published by Brian W. Barringer on Thursday, April 26, 2007 at 10:18 AM.
I had a lot of activity on my blog yesterday about this bank sale and for good reason. The home was significantly below market. This morning I went to go check it out. When I was there I called the agent and was surprised to hear that the price has been upped to 420K overnight. This just went from a great deal to an average house on the market real quick. I went inside anyways and saw that the home could use new carpet and paint. The backyard is yet to be landscaped and kitchen and bathroom need updating. The price they had before was a severe discount but they could have counted on moving the property quickly. Judging from the activity on my blog (I got about 260 hits) this price would have caused a multiple offer situation. I guess when banks are ready to move there listings they will call me. Anyways here is the new hot Bank owned property:
$349,900
Tracy, ca
$349,900Tracy, ca
4 bD
3 ba
1872 sqft.
0.120 ac
built in 1989
3 ba
1872 sqft.
0.120 ac
built in 1989
$309,000- Bank needs quick sale
2 Comments Published by Brian W. Barringer on Wednesday, April 25, 2007 at 9:35 AM.
Listing Price as of 04/23/07: $309,000 Tracy, CA
Brian Barringer
Wow this is at an amazing price. The banks with there foreclosure listings continue to lead the market in Tracy for the best deals. This bank sale is significantly under market value verses anything else in this price range.
Beds: 3 Baths: 3 (2 1)
Square Feet: 1570 Price/Sq Ft: 196.82
Year Built: 1990 Lot Sq Ft: 3920
Square Feet: 1570 Price/Sq Ft: 196.82
Year Built: 1990 Lot Sq Ft: 3920
Built in 1990, this home features tile roof and slab foundation. Master bathroom is equiped with Double Sinks, Shower Stall, Sunken Tub, and Walk-In Close. This home is located in the north side of Tracy off of Kavanagh. Kitchen has Breakfast Nook and Dining room Family Combo.
A few things to keep in mind when dealing with a bank owner are that banks take awhile to respond to an offer and also banks prefer AS-IS deals with quick closings. This home is available for showings. My prediction is at this price even in this slow market this home should be going pending in the next week with muli-offers and also will be bid up some. I would guess at least 20K. Give me a call if you are interested.
A few things to keep in mind when dealing with a bank owner are that banks take awhile to respond to an offer and also banks prefer AS-IS deals with quick closings. This home is available for showings. My prediction is at this price even in this slow market this home should be going pending in the next week with muli-offers and also will be bid up some. I would guess at least 20K. Give me a call if you are interested.
Brian Barringer
800.894.7282
PS: like my new email footer????
PS: like my new email footer????
399,999 - Builder price reduction in Tracy, ca
0 Comments Published by Brian W. Barringer on Friday, April 20, 2007 at 10:14 AM.
Brand new for under 400K in Tracy.
You might remember this home from previous posts about Oxford Square.
Original price 456,900
Reduced 56K
Now 399,999.
This home has an approximate floor space of 1,703 square feet, with 3 bedrooms/3.5 baths, and three stories.
Its something to talk about because its been a while since Tracy has seen a new home for sale for under 400K.
I have a website set up with additional pictures, details and also floodplains available. Please visit here.
If you are a buyer and interested in taking a look at the models, feel free to give me call, I would be happy to meet with you and take you around.
Brian Barringer
Buyers Agent
brian@tracyhomes.com
209.613.8945
800.894.7282
The Oxford Square Breakdown, from going to the subdivision about six months ago this is the information I gathered. (from a previous post,Oxford Square):
You might remember this home from previous posts about Oxford Square.Original price 456,900
Reduced 56K
Now 399,999.
This home has an approximate floor space of 1,703 square feet, with 3 bedrooms/3.5 baths, and three stories.
Its something to talk about because its been a while since Tracy has seen a new home for sale for under 400K.
I have a website set up with additional pictures, details and also floodplains available. Please visit here.
If you are a buyer and interested in taking a look at the models, feel free to give me call, I would be happy to meet with you and take you around.
Brian Barringer
Buyers Agent
brian@tracyhomes.com
209.613.8945
800.894.7282
The Oxford Square Breakdown, from going to the subdivision about six months ago this is the information I gathered. (from a previous post,Oxford Square):
1)All homes are built close together. Most lots are three to four thousand square feet.
2) This will be the first home development in the Tracy area that will be producing three story homes.
3)All garages are tucked into the first level, accessed from the rear of the house, access to the garages will be from the rear through a alley.
4)The homes have patios and there are no backyards.
5)14 of the homes are going to be "duets" which means they share a wall in the garage. This is something the builder had to do to get around the city's slow growth plan, Measure A.
6)HOA dues! not sure what they are, because they change, but I can find out.
7)2 car maximum per home, no parking on the streets or in the alley, just in garage area and guest parking stalls.
8)The land this is built on is High density zoning. The builder wanted to make a apartment complex on the site but the homeowners in the area would not let that happen.(new addition)
Oxford Square is not your traditional single family home, its also not a condo development, it is kind of in-between, its a high density residential single family home. That's what I would call it anyway.
First step in the process of buying Real Estate
0 Comments Published by Brian W. Barringer on Sunday, April 15, 2007 at 10:13 AM.
Q: Had an email today that was a simple question but had a complex response. What should I do to get started in buying my first home? Denise
Skylar "the pirate" Barringer
Always the first step in finding a new home is financing. Start by talking to a lender to see where you stand financially and to look at all mortgage options. Because there are hundreds of different loan options available, you want to take your time and make a complete and intelligent decision on this. Also this will help you get the much needed pre-approval letter for when you make an offer.
The reason you want to do this is two fold, number one you want to know exactly how much you can afford monthly for the type of loan you pick, Secondly you will want to know the costs associated with the loan ahead of time. Once this is done you will have a concrete idea of exactly what your buying power is.
In my opinion the best way to do this is to contact me and I will have my lender Alex Alvarez, from National City Mortgage, contact you. He is very trusted and one of the best lenders in Tracy, Alex has had a working relationship with my dad for about 15 years. He would ask you a few questions about your income and expenses then give you a quote. We do a lot of business together because he is honest and creative.
Something you can do at the same time is to start getting an idea of the prices of homes in the areas you would like to live or could consider living. You will find our internet site, http://www.tracyhomes.com/ very useful in your research for a new home. Once you have register your name and email on our site we will give you the ability to surf the M.L.S. just like a realtor.
Another benefit of registering is you will also receive free email updates of all the new homes that come on the market that fit your criteria and when you find a home you like just email us to get you more information, we do all the leg work and then you just sit back and enjoy the process.
I would also suggest that when you are in your information gathering stage to come into our office for a consultation. What we like to do in our consultation is discuss your real estate goals and how we can best help you to achieve them. You will walk away from this confident in your position as a buyer in a buyers market. When you are ready just give our office a call and schedule an appointment for a free no-obligation buyer’s consultation where we evaluate your real estate needs and also give you a whole lot of information on the buying process.
You will also find the systems we have put in place very different from a traditional realtor, I am betting its more advanced then any other agent you have worked with in the past, making your whole buying experience a total breeze. We want to be your Realtors for life, not just for a single transaction.
Skylar "the pirate" Barringer
Always the first step in finding a new home is financing. Start by talking to a lender to see where you stand financially and to look at all mortgage options. Because there are hundreds of different loan options available, you want to take your time and make a complete and intelligent decision on this. Also this will help you get the much needed pre-approval letter for when you make an offer. The reason you want to do this is two fold, number one you want to know exactly how much you can afford monthly for the type of loan you pick, Secondly you will want to know the costs associated with the loan ahead of time. Once this is done you will have a concrete idea of exactly what your buying power is.
In my opinion the best way to do this is to contact me and I will have my lender Alex Alvarez, from National City Mortgage, contact you. He is very trusted and one of the best lenders in Tracy, Alex has had a working relationship with my dad for about 15 years. He would ask you a few questions about your income and expenses then give you a quote. We do a lot of business together because he is honest and creative.
Something you can do at the same time is to start getting an idea of the prices of homes in the areas you would like to live or could consider living. You will find our internet site, http://www.tracyhomes.com/ very useful in your research for a new home. Once you have register your name and email on our site we will give you the ability to surf the M.L.S. just like a realtor.
Another benefit of registering is you will also receive free email updates of all the new homes that come on the market that fit your criteria and when you find a home you like just email us to get you more information, we do all the leg work and then you just sit back and enjoy the process.
I would also suggest that when you are in your information gathering stage to come into our office for a consultation. What we like to do in our consultation is discuss your real estate goals and how we can best help you to achieve them. You will walk away from this confident in your position as a buyer in a buyers market. When you are ready just give our office a call and schedule an appointment for a free no-obligation buyer’s consultation where we evaluate your real estate needs and also give you a whole lot of information on the buying process.
You will also find the systems we have put in place very different from a traditional realtor, I am betting its more advanced then any other agent you have worked with in the past, making your whole buying experience a total breeze. We want to be your Realtors for life, not just for a single transaction.
Please contact me if you are interested in getting started, I will take care of the rest.
Brian Barringer
209.613.8945
800.894.7282
Author to sign copies of Hot springs in Tracy, Sunday
0 Comments Published by Brian W. Barringer on Friday, April 13, 2007 at 9:28 AM.
The Author of The Byron Hotsprings book, Carol Jenson, will be in Tracy on Sunday April 15th at the Tracy Library to sign books. She will be there from 2-4 p.m. I plan on being there to get my book signed. I have been writing about the Byron Hot springs since I started this blog over a year and a half a go. The hot springs is a area rich in history. Its hard to find anything about the hot springs on the Internet, that's why I posted about it on my blog. I was really happy once I heard this book was going to come out. The book gives a good overview of the ever 
changing landscape of the hot springs. I felt the book lacked detail that one who already knew the history of the hot springs would enjoy. What I liked about the book was there were many pictures I had never seen and from looking at the landscape as to where many of the buildings used to be I was able to actually figer out where a few of them stood. The book is light reading with plenty of pictures. If you are interested in purchasing the book its here
Here is some links to my past Byron Hot Springs posts:
Pictures I took of the Byron Hotsprings Hotel on 4/29/06More pictures & reading on Byron Hotsprings Hotel....
History of the Hotsprings
Byron Hotsprings AKA Camp Tracy.
The Future of Byron Hotsprings
A glimse into the local real estate market.
1 Comments Published by Brian W. Barringer on Monday, April 09, 2007 at 2:10 PM.
Here are a few random searches I have done today for different reasons, a little of something for everybody. Keep in mind that I can email you homes for sale daily for free. As always if you have any questions or comments don't hesitate to contact me.
Enjoy.
Brian Barringer
Enjoy.
Brian Barringer
Google launchs its free telephone "Goog-411" today
1 Comments Published by Brian W. Barringer on Saturday, April 07, 2007 at 10:22 AM.
Today this morning life got a little more Google today, as if Google has not gotten into my life enough already. Google lab has launched a free 411 information service.The new service is simple, what you do is call a 1-800 number and, via voice recognition software, you can get connected to the person or business you are looking for. The service’s website says that the service is essentially an experimental service developed to make it easier for the user to get access to local-business information.
The product competes head on with Jingle Networks(1-800-FREE411), which has taken 6% market share in the U.S. 411 business over the last year. AT&T is also experimenting with free 411 calls.
I bet that this new service is going to be a big hit as long as its easy to use and also the ads are not too annoying. I am looking forward to trying this out. Below is a breakdown of how to use it. Program this number into your cell and use, its free!
Here's an MP3 recording of what a call to this service is like. (It's not my call, I just found this link.)http://xar.ph/goog411-buffalo.mp3
Here is the lowdown directly from google labs:
Google Voice Local Search is Google’s experimental service to make local-business search accessible over the phone. To try this service, just dial 1-800-GOOG-411 (1-800-466-4411) from any phone. Using this service, you can:
- Search for a local business by name or category.
- You can say "Giovanni's Pizzeria" or just "pizza".
Get connected to the business, free of charge. - Get the details by SMS if you’re using a mobile phone.
Just say "text message".
When you are asked for city and state, you can: - say the city and state
- say the zip
- type the zip code
I found this quote from Digg.com member AdebisiTheGamer:
I welcome our Google overlords. Google is the first corporation I have ever dealt with that I look forward to dealing with. I use Google for my email, my web hosting, my maps, my searchs, my blog, my newsgroup reader, my documents, my calander, and my news feeds. Everytime I use something from Google I keep on using it because it works great. And none of it costs me any money at all!!! And people get upset because Google sells ads? I wish Google made cars, cell phones, houses, toilets, stereos and computers, because I would buy them. Google has done more for me personally, then nearly any other company I can think of, and none of it has cost me a penny. Google, keep it up.
Give this new finagled technology a try, you might like it.
Brian Barringer
Marcus Licinius Crassus: Ancent Roman Real Estate Mogol
0 Comments Published by Brian W. Barringer on Friday, April 06, 2007 at 10:52 AM.
Richest Man in Rome
Marcus Licinius Crassus (115 - 53 BC)
I have been watching a lot of the HBO series ROME and it has gotten me obsessively interested in reading about ancient history. When I was doing some research I came across an interesting real estate related story. Cassus was one of the richest most successful businessmen in Roman History. His wealth came mostly from slave trade and real estate. He came to own most of Rome and increased his fortune from 300 talents to 7100 talents. (Bill Thayer puts the value of a talent in 2003 as US$20,000 or $6 million to $143 million.)
Fire and Real Estate in Ancient Rome:
Using his wealth and position he developed a cruel technique based on the fact that there was no efficient means of fighting fires offered by the government, so he raised a troop of 500 slaves, all skilled builders and trained in the Roman method of firefighting -- which is destroying the burning building to curtail the spread of the flames.
He and the slaves would go to the burning house, and as it burned, then Crassus would attempt to buy it as well as the neighbouring buildings. As the building burned more and more, Crassus would offer less and less. As soon as the owner decided to sell, the slaves would quickly put the fire out. Using his team of builders he would then rebuild the area and keep it for rent, or sell it for large profit. What a shark! At one point Crassus was said even to own most of the city of Rome. Its very curious to think who might be starting these fires. I am sure that if Crassus came to you to sell before fire you better sell or there might be a fire.
Marcus Licinius Crassus (115 - 53 BC)
I have been watching a lot of the HBO series ROME and it has gotten me obsessively interested in reading about ancient history. When I was doing some research I came across an interesting real estate related story. Cassus was one of the richest most successful businessmen in Roman History. His wealth came mostly from slave trade and real estate. He came to own most of Rome and increased his fortune from 300 talents to 7100 talents. (Bill Thayer puts the value of a talent in 2003 as US$20,000 or $6 million to $143 million.)Fire and Real Estate in Ancient Rome:
Using his wealth and position he developed a cruel technique based on the fact that there was no efficient means of fighting fires offered by the government, so he raised a troop of 500 slaves, all skilled builders and trained in the Roman method of firefighting -- which is destroying the burning building to curtail the spread of the flames.
He and the slaves would go to the burning house, and as it burned, then Crassus would attempt to buy it as well as the neighbouring buildings. As the building burned more and more, Crassus would offer less and less. As soon as the owner decided to sell, the slaves would quickly put the fire out. Using his team of builders he would then rebuild the area and keep it for rent, or sell it for large profit. What a shark! At one point Crassus was said even to own most of the city of Rome. Its very curious to think who might be starting these fires. I am sure that if Crassus came to you to sell before fire you better sell or there might be a fire.
Cassus is also famous for being Sent into battle by the senate against the great slave leader Spartacus during the third slave rebellion. While Cassus acquired much wealth and power he never was able to achieve political success due most likely to the fact that he could not compare in any way to the great leaders of his time such as Julius Ceaser and Cissiro.
Brian
