Where do THEY get thier information????

Frustrations are mounting.  Where are people getting thier information?  How many times have I heard this week what the Tracy Real Estate market is like?  LOTS - Here's the problem, they are wrong.

I'm working in this market, I see what is happening, and yet there are those who want to buy who are certain that they know that there is no problem getting a 2500 square foot house, that is less than 10 years old for only $200,000.  Why do they think this?  Auctions.... starting bid $179,000 for this house -- STARTING bid not RESERVE bid.

So let me be the first to tell you..... homes that are Tier 1, great condition, priced well, in the $300,000 and less price range are selling within 5 days with multiple offers.  These homes are going OVER asking price.  How do I know this, because I've been on the representing buyers who keep getting 'beat out' and they are offering more than asking.

So who's buying homes in Tracy or Mountain House right now?  Investors - with cash, and first time home buyers.  The $500,000 and up market is still stagnant as there is no one to move up into these houses.

Call an agent, find an advocate, find someone who will actively search for the perfect home for you.

 
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6 Comments on Where do THEY get thier information????

I know exactly what you mean.  I had some guy calling me trying to find a 5 bedroom 2004 home for $100,000 he said he was getting he found his information online and I pretty much told him good luck with that.

04/24/2008 01:52 AM by Ryan Vivo, Realtor Solano County Gateway Realty (Gateway Realty)

Ryan - yes I've had that too -- now there are some short sale agents who are pricing homes this low - but the price won't be accepted by the bank..or they see the starting auction price.

 

04/24/2008 01:56 AM by Susan Goulding; Tracy, CA Real Estate - Local Realtor in Tracy, CA & Mt. House (Keller Williams Real Estate; Tracy & Mountain House, CA)

We can thank the liberal media for all this hysteria.

04/24/2008 01:58 AM by Scott Barr soldbybarr.com (Keller Williams)

Yes the media is what is REALLY hurting the public's ideas about real estate.

04/24/2008 06:28 AM by Kay Perry (Classic Realty/GMAC)

Oh, Susan - I get so frustrated with the same calls.  Like you, I AM THE ONE that knows what is going on here - not the media.  Hang in there......I know that I am.

04/24/2008 06:35 AM by Leesa L. Finley, REALTOR® (Circa Properties)

Susan,

 We are having the same experience. Houses in good condition dont last more then a few days on the market. I showed property last night, still listed as active, wrote an offer this morning and got a call by noon saying the house had been sold. The good news is there are buyers, lots of them looking for homes and lots of homes to show them.

Steve

04/25/2008 12:42 AM by Steve Mclaughlin (Keller Williams Realty)

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Real Estate Agent: Susan Goulding; Tracy, CA Real Estate - Local Realtor in Tracy, CA & Mt. House (Keller Williams Real Estate; Tracy & Mountain House, CA)
Susan Goulding; Tracy, CA Real Estate - Local Realtor in Tracy, CA & Mt. House
Tracy, CA
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Keller Williams Real Estate; Tracy & Mountain House, CA

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As a local Realtor and community volunteer I always have a lot to say. This is the perfect place to say it. I hope this is a place you will return to day after day to read what I wrote and to comment. Have fun. Check out my web site at www.SusanGoulding.com Subscribe with Bloglines

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