City of Tracy Down Payment homes....

Brian - How about a list of homes for sale within this boundary? I know some people who are in the market for their first home.

~Jim

Sure, that's a great idea. Here is a list. If you would like to be updated via email each time a new one hits the market, let me know. There are about 15 single family homes in the area as of this morning. Below is a link to all the information on the homes including pictures and details. If you have anyone who is interested in getting started tell them to give me a call!!!! Please see my previous posts for more information here, here and here

List of homes in the city of Tracy down payment assistance.

Brian

brian@tracyhomes.com

800.894.7282

Made by Brian W. Barringer in 2006 for
http://www.tracyhomes.com/

Forclosure market report for Tracy, ca---- August 23, 2007

This is the total number of REO properties on the MLS as of August 23, 2007

( data from august 7th 2007).

Total # of Residential REO's(bank owned) for sale in the city of Tracy: 142 (109)

Total # of SHORT SALES(pre-forclosure homes) on the market in Tracy: 93

Average # of days on market: 67 (67)

Median price of all REO's for sale in Tracy: $449,000 ($435,000)

Average price of all REO's for sale in Tracy: $457,813 ($422,609)

Number of REO's sold (closed) over past 6 months: 28 (27)

PENDING REO SALES: 8

Total # of vacant homes for sale in Tracy is 377............

SUMMERY: Foreclosures represent about 10% of the real estate market in Tracy, short sales represent another 10% of the market. Its also interesting to point out that the banks inventory is on the rise. Since there are about 8 pending sales this indicates more homes went under contract last month then previous months. With 93 short sales which may turn into foreclosures in the next few months, it looks like we are still going to be riding the foreclosure wave a little longer.

Email me if you are interested in a list of foreclosed homes.....................FREE

brian@tracyhomes.com

Brian Barringer

brian@tracyhomes.com

Tracy residential real estate sales, August 22, 2007

The following information is from the local MLS database, as of August 22, 2007 (data from August 7, 2007):

Total # of Residential properties for sale in the city of Tracy: 939 (942)

Average # of days on market: 74 (69)

Median price of all Homes for sale in Tracy: $479,900 ($480,000)

Average price of all Homes for sale in Tracy: $508,703 ($503,956)

Number of Homes sold (closed) over past 30 days: 37 days (43)

Median sales price, over last 30 days: $448,750 ($417,500)

Average sales price, over last 30 days: $477,336 ($436,110)

(PENDING), Number of properties going under agreementlast 30 days: 55 days (44)

(SOLD)Average days on market before selling: 60 days (71)

Summery: Numbers that are ( inside) are from august 7th 2007. Looks like we are getting a slight market pick-up, buyers are buying more house in slightly less amount of time and for record low prices. Homes that were on the market collecting dust are still there bringing up the days on market for actives. Being that Tracy is a micro market I think that the changes in the average and median sales price do not mean much. My impression is that prices are coming down to a point where first time buyers with good credit can get what they want now. Buyers are more confident that the market will stabilize and also are interested in taking advantage of disappearing financing options. There are even sightly less homes on the market then on the seventh.

Brian Barringer

brian@tracyhomes.com

800.894.7282

FREE MONEY! Get you share of $1 million dollars!

Well, I hope that got your attention, its not free money but its just as good. This is important that is why the font is so BIG!!!!!

Qualify for a $75,000 loan from the city that works as a silent second. What that means is you don't make payments.

The deal is when you sell your home you only have to pay the 3% interest. There is about one million dollars in funds for this program.

It is seriously important that all young people or any person who would be a first time buyer in the city of Tracy to know about this program. This is a perfect opportunity to be able to afford your first home, using this as a stepping stone to building your wealth. The city has an interest in rebuilding downtown, and you have an interest in owning your first home. You can grow with the city of Tracy. That's the way I look at it.

Below is a few links that help explain the program. It is the city of Tracy down payment assistance. To find out if you qualify give me a call and we will start the process together. Stay in Tracy and own a home.

Below there is also a direct link to the city's website, A recent Tracy press article titled "A home of her own" and a ABC news10 story on the subject.

This program combine with prices coming down you can get into one of these homes for what you rent for now.

1)Tracy Press ARTICLE
Jennifer Wadsworth / Tracy Press / Tuesday, 14 August 2007
http://tracypress.com/content/view/10666/2242/

2) Tracy Helps Residents Buy First Home Video
http://www.news10.net/display_story.aspx?storyid=31599

3) City of Tracy Page
http://www.ci.tracy.ca.us/departments/des/community_development/

To qualify you must buy a home in this AREA:

Why Rent?

Your income has to be at or below these requirements:

Maximum Annual income and house hold size requirements must be met to qualify:

1....$50,6402

2....$57,8403

3....$65,1604

4....$72,3605

5....$78,1206

6....$83,880

7....$89,7608

8....$95,520

I hope this spells out the details for everyone in black and white. Even if this program wont work for you, it could work for someone you know. I bet you know a family member for friend who can take advantage of this program.

Forward this information to someone who can use it, you may change someones life!

\

Brian Barringer

brian@tracyhomes.com

$25,000 Price Reduction

NEW LOW PRICE

$425,000

A well built older home with all the upgrades.

Its a super clean large home with a pool and full of charm.

This ready to move in home is a refreshing alternative to the modern majority.

136 W. Emerson Ave. Tracy, Ca

Features:

3 Bedrooms

2 Bathrooms

2705 square feet

9,583 sq ft lot

Built in 1946

Make an appointment to see this beautiful Tracy home TODAY.

GOOGLE MAP! 136 W Emerson Ave
Tracy, CA 95376

New Duel pane windows throughout and ceiling fans in all bedrooms

Kitchen oak cabinets, tile counters

Breakfast bar, dining nook

Electric range and oven, dishwasher

New central heat and air

Newer Comp Shingle Roof

Large front bedroom w/private bath

Master features hardwood floor and romantic fireplace

French door to family room

Master bath has shower over tub and vanity

See more pictures of this home on our website, Click here

BRIAN
brian@tracyhomes.com
209.613.8945

Update: Home sold, there are others!!!!

In my previous blog post
City of Tracy will pay your second Mortgage on this home!!!!!!!!! I talked about this home. Today I see the home front page in the Tracy Press, its sold and the new buyers are using the Tracy down payment assistance program. I am truly happy to see this program work even if it was not one of my buyers. I knew right when I saw this home hit the market that it would be ideal for this program. There are a few other homes in the area that would work but are less ideal. Also I have a listing coming on the market soon in the area that would work. Another thing is that I have been through the application process with the city for a few of my buyers and I know how it works. I have a good lender who is also ready and familiar with the process.

Click here to go to tracypress.com and read: A home of her own
here is a quote:

Jones, who makes $35,000 annually as a hair stylist, was the first recipient of Tracy’s down-payment assistance loans and received the maximum $75,000 to use as a down payment for her newly purchased $233,000 home, a foreclosure property.

The Major newsflash is:

1) Its proven, the programs work now. The market condition has allowed it.

2) There is only $1,000,000 in the fund, first come first serve. 10 to 14 more available.

Brian Barringer
brian@tracyhomes.com
209.613.8945

800.894.7282
Made by Brian W. Barringer in 2006 for
http://www.tracyhomes.com/

Attn investors Banta(tracy) fixer for $214,900

S 6th St Banta 95304
$214,900, 3bd, 1 ba, 1204 sq.ft, 0.170 ac
Built in 1950, Active since (08/02/07)

Located in the small town of Banta which is east of Tracy on Grantline. There are not too many homes in the area for sale and most of them are large homes, ranches or farms on large acreage. The home is near the famous bar/restaurant The Banta Inn.

The inside of this home and it needs some extreme cosmetic work. What it needs is carpet, paint, and some cabinet refinishing, bathroom remodel, and new a/c unit. It needs new flooring throughout because of cat smell! Also there is 3 large vans and a 30' RV on the lot that come with the house(where the cats still live!!!).

Positive features of the property are newer dual pane windows, pergo in one bedroom, ducting for A/C is in, a sky-light is located in kitchen, newer shake roof, nice siding, structure looks to be in good shape.

The home is hard to find because its actually located at the end of 6th street in Banta on a dirt road or cul-de-sac. But even with the negative features this home would be attractive once fixed up and would make a great rental. I like the fact that its a big lot and the home is set all the way back from the street.

There is a small store and gas station across the street. This home would require some money down. Once fixed up and landscaped it would qualify for 100% financing and could be sold for a higher price. In this market it would be smart to buy this then fix it up and then rent as a lease option.

The home is vacant so call me for a showing before it's gone!!!

Brian Barringer

800.894.7282

Open House 12-4 Saterday(like today) in Tracy

OPEN HOUSE TODAY!!!!!!!!!!!!

If you have time come to my open house today from 12-4pm in Tracy. This is a truly unique home. As you can see from the pictures and description below its a well built older home with all the upgrades. Its a super clean large home with a pool and full of charm. This ready to move in home is a refreshing alternative to the modern majority.

136 W. Emerson Ave. Tracy, Ca

Features:

3 Bedrooms

2 Bathrooms

2705 square feet

9,583 sq ft lot

Built in 1946

GOOGLE MAP! 136 W Emerson Ave
Tracy, CA 95376

New Duel pane windows throughout and ceiling fans in all bedrooms

Kitchen oak cabinets, tile counters

Breakfast bar, dining nook

Electric range and oven, dishwasher

New central heat and air
Newer Comp Shingle Roof

Large front bedroom w/private bath

Master features hardwood floor and romantic fireplace

French door to family room

Master bath has shower over tub and vanity

See more pictures of this home on our website, Click here

FEEL FREE TO STOP ON BY!
BRIAN
brian@tracyhomes.com
209.613.8945

MLS data on Forclosure homes in Tracy, ca

This is the total number per MLS as of August 7. In the MLS they are listed as REO.(real estate owned)

Total # of Residential REO's(bank owned) for sale in the city of Tracy: 109
Average # of days on market: 67
Median price of all REO's for sale in Tracy: $435,000
Average price of all REO's for sale in Tracy: $422,609
Number of REO's sold (closed) over past 6 months: 27

Email me if you are interested in a list of foreclosed homes.....................FREE
brian@tracyhomes.com

Tracy residential real estate sales, August 7, 2007

The following information is from the local MLS database, as of August 7, 2007.

Total # of Residential properties for sale in the city of Tracy: 942
Average # of days on market: 69

Median price of all Homes for sale in Tracy: $480,000

Average price of all Homes for sale in Tracy: $503,956

Number of Homes sold (closed) over past 30 days: 43

Median sales price, last 30 days: $417,500

Average sales price, last 30 days: $436,110

Average days on market: 71

Number of properties going under agreement(pending), last 30 days: 44

Looks like we are seeing activity because of end of summer school rush. Its a really good time to Buy and get a great deal. Go here to Sign-up for full access to MLS (including addresses and complete descriptions)Based on information provided to and compiled by MetroList MLS Prospector.

(Newest member of my family, a 8 year old tourdus named "SHELLY")

Brian Barringer

brian@tracyhomes.com

800.894.7282
Made by Brian W. Barringer in 2006 for
http://www.tracyhomes.com/ and http://www.blogger.com/www.tracyrealestate.blogspot.com