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Banks Baiting Buyers! - 05/14/08 12:34 AM
Banks are baiting buyers.
This is from my pespective, as a REALTOR who's daily working in the Tracy, CA housing market. The media is about 6 months behind.
Here's what is happening.... Banks are no longer waiting 3 - 6 months for a buyer to come along and offer less than asking. Now banks are pricing thier listings so low buyers have to move IMMEDIATELY! Prices are low, buyers are waiting for that DEAL. What happens to these listings, they get multiple offers, well over asking and within the first 5 days. WOW -- so the bank doesn't have to maintain … (4 comments)
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How to be a TOP AGENT in My MARKET! - 05/14/08 12:07 AM
All you have to do is PICK UP THE PHONE, RETURN PHONE CALLS. OH my -- that's all it takes.
Really it is - right now most properties in Tracy and Mountain House, CA are foreclosures. These homes are bank owned and are listed with REO agents. I can not tell you how many buyers I've picked up simply because I answer the phone and I return emails. They are greatful. Currently shopping for a home, and no one is answering their phone calls.
So I'm building my data base like crazy. Call ME -- I'll answer my phone if you're … (5 comments)
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The "BANKS" aren't waiting any longer - 05/05/08 01:09 AM
Here is what I've seen happen....
6 months ago -- House A a Bank Owned (REO) property was priced at $400,000. It sat on the market for 6 months, and someone finally made an offer -- of $350,000. The banks quickly within 48 hours accepted the offer.
TODAY! Sale house - sale value house- now instead of pricing house A at $400,000 -- the bank will price it under market -- so they price it at $350,000-- they have 10 - 25 offers within the first 48 hours -- the Accepted offer is WELL over asking -- close to $375,000-- $400,000 -- and … (3 comments)
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We have a SHORTAGE of HOUSES to SELL! - 05/05/08 01:00 AM
Oh my goodness -- if you are looking for a home in good condition, in a good neighborhood is getting harder and harder. Agents in the Tracy and Mountain House area are now starting to put offers on ... hold on to your hats..... 'SHORT SALES". WOW -- you heard it right, and you heard it here first. While a short sale listing might have been the KISS of DEATH --agents are writing and buyers are buying Short Sales?
WHY? Why are Short Sales selling..... because the owners are taking care of these homes. Grass isn't dead, the home is still in … (3 comments)
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Susan Goulding Sells in Tracy & Mountain House
Tracy,
CA
More about me…
Crown Key Realty
Address: 1126 El Portal, Tracy, CA, 95376
Office Phone: (925) 679-5573
Cell Phone: (209) 914-5573
Email Me
Helping people is what I do. How can I help you? Are you looking to buy in Northern California? What about selling, do you have questions about short sales or foreclosures? Do you need to short sale your luxury home? Confidentially CALL ME.
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