Tracy, CA

Do you love youth sports -- I do. So if you're looking for some free entertainment, head out the Tracy Little League fields and watch the All Stars play ball.

Tracy American and National Little League will be hosting the Section 3 9/10 and Major tournament. This tournament will start next week. Teams from all over the Bay Area will be arriving in Tracy for the priveledge of representing thier league, city and section in the Regional Tourmament.

Tonights game Manteca vs Salida - 9/10's== Manteca was winning 9 - 0 after 4 innings one more run and they win the game. 5th inning Salida scores 14 runs, 18 batters batter. Salida won 18 - 9 in 6th innings. WOW - what a game to keep score forl

Nothing like kids playing ball on a hot summer evening.

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 the bank had zero holding days. It is taking almost a week to get an answer from the bank.

So if you're wanting to buy an REO property - plan on a "Buyer's Market" frenzy.

Will we start to see a slight rise in prices, probably --- REO's may start to push up the price instead of pulling it down.

PS _- if you are looking to buy a home in Tracy or Mountain House, find yourself a great REALTOR who knows the market. The great homes are selling before a sign goes in the yard.

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 good condition, there is still love in the home.

Now that buyers want to put offers on Short Sales, all we have to do is get the banks to work a bit faster and there really will be a shortage of inventory.

Hold on to your hats -- because the number 1 way to help many clients in today's market is to Short Sale thier property.  In the Tracy and Mountain House CA numerous home owners need help NOW.

I know -- it's a long drawn out process, I know it's a ton of extra work, I also know it is so rewarding.

People who are behind on the mortgage payments are SCARED!  They really do not know where to turn or to who.  Hense -- you come in as the person who can answer thier questions, and give them HOPE.

For most people who try to sell thier home as a short sale, they view the experience as doing the "honorable thing".  They don't want to just walk away and not honor thier commitment to the loan.

How and Why they are in this position vary from person to person, but bottom line is these clients need our help -- more than anyone else in the real estate market today.

Please show my short sale properties, be on the helping side.

Tracy Homes Listed For Sale - 921

Tracy Homes in escrow since April 1, 2008 - 84

Tracy Homes sold since April 1, 2008 - 25

Tracy homes owned by banks - 1119

Source: Metrolist Services, Inc. and RealtyTrac.com

Inventory levels for the week remain level while homes in escrow and homes sold show an increase. This is further evidence that buyers are coming out and making offers at current pricing levels. With FHA mortgage rates around 5 3/4%, now is a great time for long term buyers to get into a great home at the lowest prices in years.