Market Trends In Tracy, CA – October, 2015

anrealestatenewsTemperatures cooling off, day light hours shorten, leaves changing colors and falling – all signs of seasonal changes. Fall is here.

Real estate market conditions around Tracy are still good – no signs of seasonal slowing just yet. Mortgage interest rates did not move too much up or down and as it seems, it will stay like this for a foreseeable future.

Her are the statistical numbers for the month of September, 2015:

As of today, 10/01/2015, 225 homes are actively listed homes for sale, combined in Tracy -Tracy Rural and Mountain House area.

In September 109 Homes have been sold. These homes have been on the market on an average of 30 days before they got sold.

The Average SOLD price in September was $423,579. This is slightly higher than it was in the month before.

List price versus Sales price is right around 100%. This means that home sales prices are holding steady.

It is a great time to sell, but at the same time, a great time to buy real estate! It remains to be seen in which direction the real estate market will be heading in the next few months – we will all be facing changes in the industry; buyers, sellers, lenders, realtors and title companies will all be affected by these changes. Contact me if you would like to hear more details!

Data have been collected and interpreted from MetroList Multiple Listing Service.

About Eva Bradley:
My home town is Tracy, Ca. I am serving the Central Valley Region – Lathrop, Manteca, Patterson, Stockton and Modesto since 1999.
ZIP Codes: 95376, 95377, 95398
Approximate Location Boundaries: Tracy, Mountain House, Rural Tracyspookycotteget2

 

 

Functionality – Important Factor When Buying A Home

Focus On Functionality When Buying Your Home

webheader readyYou have to live somewhere. For most of us, the choice is simply functional — we all need food, clothing, and shelter, but we also want our homes to function well for our needs and preferences.

Functionality begins with making a good decision, based on your requirements and what you can afford. Whether you rent or buy, you decide which home to choose based on affordability, availability and functionality.

Renting is a great option for the short term, when you’re building your savings and may have another move or two before settling down to a home of your own. The functions of renting are independence, affordability, and mobility. As your life matures, you may become more interested in homebuying because your ideas of functionality may change. Continue reading

Gift As Down Payment Option

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Using Gift Money For Down Payments
To take advantage of low interest rates while home prices climb higher and higher, some homebuyers need help accumulating enough money for a down-payment. To satisfy secondary market loan package purchasers such as Fannie Mae and Freddie Mac and insurers like the Federal Housing Authority, lenders have strict rules about where down-payment money originates.

Lenders prefer that borrowers supply their own down-payment funds. It shows they have “skin in the game” and that they are good with money and can meet their financial goals. But thanks to the Great Recession and the slow road back to recovery, many homebuyers are turning to their parents, grandparents and other family or friends for help. Continue reading

Cheapest & Most Expensive Homes In Tracy CA

webheader readyToday’s Cheapest 3 bedroom and 2 full bath home for sale in Tracy is listed for $289,000. this home is 936 in Sq. ft. and situated on a 5650 Sq. ft. lot.

The most expensive home for sale in Tracy is a unique property situated right next to water with 3 bedrooms, 2 bath, 2700 Sq. ft. in size with many out buildings on a 5.16 acre lot. Listing price: $1,500,000.

 

Tracy CA Real Estate Trends- August 2015

anrealestatenewsSummer is the main season of the Real Estate market here in Tracy. With fall season starting in just a few weeks, conditions for selling and buying homes in and around Tracy is still in full swing, no signs of slowing any time soon. Inventory of available homes for sale have increased slightly, interest rates of home loans are holding steady in a low range still. Home prices are holding steady, increasing slightly in a slower but steady pace. Continue reading

Real Estate Trends – Tracy CA, June 2015

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Tracy home sales are at full speed with summer lurking just around the corner. Prices are climbing at a slow but steady pace. Inventory of available homes is still low, while interest rates on home loans are holding steady and in a low range. New home constructions are a good part of the market, new subdivisions are popping up on several different locations, offering a wide variety of homes in prices, sizes and elevations.

Continue reading

CMA – Compareable Market Analysis

 

What Sellers Should Know About CMAs

Whether you are buying or selling a home, your real estate professional can give you a snapshot of the local market known as the competitive or comparative market analysis or CMA. These are convenient reports that help sellers choose a listing price and buyers to make competitive offers on a given home.

CMAs are generated from multiple listing service software and vary greatly depending on the search fields that are input by the real estate professional. Each quantifier makes the search increasingly specific – type of home (detached vs. attached), zip code, number of bedrooms, baths and living areas, square footage, and numerous other search criteria. Continue reading

How to Prepare Yourself for Offers

3 Key Pre-Offer Home Seller Actions

welcometulipsSellers who wait until they’re faced with a buyer’s offer to purchase before initiating three key actions, may be forcing themselves to make too many decisions at once and too quickly.

Most of us are nervous about decision making. Many lack confidence in their ability. Yet, sellers will be faced with quickly making multiple financial, legal, and lifestyle decisions when a buyer’s offer is presented to them. Continue reading

Strategies for Home Buyers

gardenhouse2Five Smart Homebuyer Strategies

TheNational Association of REALTORS® has announced that there’s a housing supply shortage. Homes are selling quickly and home prices are starting to inch up again. It’s becoming a seller’s market in many areas.

Any time the market changes, it’s time to change strategies. During a buyer’s market, buyers have the upper hand and can make more demands to sellers over their homes’ price and condition. During a sellers’ market, buyers concede the upper hand to sellers and are more willing to accept higher prices and terms.

When homes are in short supply, buyers don’t have the luxury of taking their time, teasing sellers with lowball offers, demanding that every little thing be fixed, and shopping for homes with multiple real estate agents. Do these five steps instead.

Make a good first impression. Not only do you need to impress sellers, you need to impress real estate agents. Hire one agent and let him or her profile your needs to the marketplace. Be specific about your must-haves so you don’t waste your agent’s and your time viewing homes that lack what you want most. When you find the home you want, send the seller a letter along with your offer outlining why you love the home.

Get preapproved by a lender. Not only will you know how much home you can buy, you’ll be ready to make an offer quickly. Your real estate agent can include the fact that you’re financially preapproved by your lender in with the offer, which will carry weight with the seller.

Shop within your price range. In a seller’s market, it’s wise to shop for homes within or slightly below your price range. This will give you more room to make full-price offers or above in case the home you want is in a bidding war with other buyers. You’ll be able to pay your own closing costs. Trying to buy a home out of your reach during a seller’s market will only cause you and your agent frustration.

Be flexible. No home is perfect. To get more home for your money, you might shop for an older home that needs renovation. Try to look past ugly wallpaper and stained carpet and visualize the home with more attractive finishes. You may be able to get more living space in an established neighborhood than with a newer home that is priced higher for similar square footage.

Be ready. Be ready to see a new listing at a moment’s notice. Be ready to make an offer when you believe this is the right home for your household. Once a seller has accepted your offer, proceed as if you’re in a normal market. Set a reasonable closing date that accommodates the seller as much as possible. Confirm the offer with your lender. Schedule the inspections you’ll need and don’t nitpick the seller over small things.

Whether you’re in a buyer’s market or a seller’s market, you should feel good about the home you choose, the deal you make, and the courteous way you treated all parties to the transaction.

Written by Blanche Evans


Wondering About the Value of Your Home? — Call, text or email Eva today to find out! 209-914-0683, eva@evabradley.com. Or visit www.EvaBradleyRealtor.com