IN-OUT ANALYSIS   Homes sales in Fremont for the month of October sustained its level from the previous month. By sale type, regular sales still dominate the market.   The month of October saw 264 new listings come into the market, which is similar to that of September. Regular sale listings continued its declining trend, so did REOs. On the other hand, short sale listings increased in October.             ABSORPTION RATE   As of 11/7/2010, per MLS, there are a total of 1,004 listings in Fremont. Using the past 3 month home sales as the current standard (there were 403 sales from Aug. – Oct.), it will take approximately 7.5 months to clear out the current inventory in Fremont.   Interestingly, when broken down by sale type, short sale listings are going to take almost 20 months to absor... 11/07/2010

Recently Ken Brand has posted a list of ideas generated by 327 Top Producers from Prudential Real Estate at Top Producers Summit Conference. All the ideas and tips were geared towards improving one’s real estate business. Hey, if these ideas were generated by top 327 Real Estate agents than they are definitely worth looking into. Thanks Ken for sharing! Here are some of the ideas and tips that I liked the most. 1. Use video chat to meet your relocation clients face-to-face often before they relocate. 2. Drop off a pre-listing packet talking about you and your services. Include a mug or a small gift to get them excited. 3. Did you get good service at a restaurant? Leave your card with your tip! 4. Know your online presence! Have you looked at your profile on IncredibleAgents.com? 5. Ask ... 10/29/2010

For the 4th straight month in Fremont, the number of regularly sold properties decreased in September compared to the month prior. As well, new listings posted a decline for the 2nd month after enjoying a peak month in July. That being the case, it is still the dominant sale type observed at least for the past 13 months as shown in the charts below.       Distressed properties make up about one-third of new listings in September. Between REOs and short sales, the latter has historically been more prevalent in terms of new listings. However, actual sold listings show REOs and short sales to be on par with each other, but way behind regular sales.   10/18/2010

This ground floor unit (#E-109) just closed yesterday for $272,500. It's a beautiful 2-bedroom, 2-bath unit in the Alta Mar Villas. It is in pretty good condition, considering it is a bank-owned property.   After being on the market for 22 days, an offer was accepted by the bank. Final sale price is about 3% below the asking price, which is right about the average price for this property type. This condo is nestled in a serene setting with two large patios accessible from the bedrooms. Or walk out to the nearby pool and listen to the refreshing splash of the garden fountain.                 10/14/2010

The NUMMI Plant here in Fremont has been providing jobs building cars and trucks up until 2010 when it had been decided that after kicking the tires a bit it was time to finally slam the doors shut. No pun intended. The mayor of Fremont, Bob Wasserman, wants Fremont to be a model city in how it chooses to revitalize and reuse the site once shut down. It is part of what is amicably called NUMMI Revitalization and Reuse Plan.  KTVU news in March 2010 had completed a story on the topic that you can view here http://www.ktvu.com/news/22973164/detail.html.  Fremont has hired a study group out of Berkeley called Strategic Economics Inc. to assess the positive impact and other effects revitalization may have on the incisive city of Fremont. I had received a call into my office TriCity Real Es... 09/28/2010

Although hard to see it here in this image, Fremont CA real estate grows good Habanero peppers. Habenaros are quite touchy and slow to germinate and even slower to grow--especially when you are watching them daily. Why the mention of Fremont CA real estate? Because I was told that the native soil found in and around Fremont CA (real estate) is composed of a good amount of adobe clay and not the best for peppers, much less the slow and temperamental Habenaro. It was hard for me to make the adjustment from where I grew up in Sunnyvale where the black soil there grew almost anything without even trying. Here using Fremont real estate, I will tell you what I did to get them this far. I bought a few nice golden Habenaros from the store and, after using them for a few fiery recipes, I carefu... 09/23/2010

I was going to wait until it closed escrow, but my Fremont short sale negotiator pulled a fast one. And I wanted to write about it. I also really do think it was the negotiator and perhaps the short sale lender together on this one. Some time ago, I was helping a Fremont CA home buyer look at homes. We looked at a few good ones along with others that may not have been top on her list of a good Fremont real estate deal. There was one other home I was not going to show her because it was not ready. It was one of my own homes for sale in Fremont. It was a short sale, like some of the others. Long story short, after much discussion about the home in Fremont that I had for sale, she really wanted to see mine. She bought my short sale listing and during the negotiations with the short sale le... 09/22/2010

I just recently sold this petite condo in Fremont, CA. It was a bank-owned property that was on the market for 23 days. After a diligent marketing push, we found a buyer that went to our open house twice, and patiently waited for the bank's acceptance. This is the postcard we sent to nearby homeowners, just to let them know this property just sold and that we can help them not just in selling their homes, but in finding the best option for them. Call us! We serve the Bay Area with pride! 09/16/2010

The golden age of "silent movies" occurred when Niles was at the center of it all. It was in these rustic streets of Niles where the most famous silent films of all time were made, including Charlie Chaplin's The Tramp. In 1912, Essanay Studios chose to make Niles its hub for its film making endeavors. The studio was owned by Broncho Billy, who is also the world's first western movie star. Niles was the backdrop to many famous movies of the time starring Charlie Chaplin, Wallace Beery and Ben Turpin. Today, Fremont's Niles district has preserved the glory of its movie making years by way of the silent film museum on Niles Boulevard.  Historic Niles is also famous for its antique shops, craft galleries, and the Niles Canyon Railway train depot. There is much to explore on this side of F... 09/14/2010

3 bedroom/2 bath properties are the most sought after home configuration in the Bay Area. In Fremont, there are nearly 145 listings of this home size, as of 9/11/10. Here is how it is distributed by price category. Data was pulled from Bay East MLS.      The majority of 3/2 listings in Fremont are priced between $501K - $750K.           Analysis by zip code shows 94538 (e.g., Irvington, Grimmer, Sundale, etc.) has the lowest priced homes, with a median list price of $474K. 94536 (e.g., Brookvale, Cabrillo, etc.) and 94555 (e.g., Northgate, Ardenwood, etc.) have similar price profile when it comes to 3/2 properties. Nearly half of 3/2 listed homes are found in 94536 If you are in the market for properties in this side of town, call me!   09/12/2010

The API schores (Acamedic Performance Index) is a score on a scale of 200 to 1,000 that annually measures the academic performance and progress of schools in California. The State has set a score of 800 as the API score that schools should strive to achieve. The latest ratings are from the 2009 API Base report, released in June 2010.Fremont has one of the best schools in the state, and I'll bet, in the country.  Its highest rated school, Mission San Jose Elementary, garnered an almost perfect score of 993. Moreover, a great majority of schools in Fremont have scores way above the 800 mark, and the top 12 schools posted scores over 900.The map below plots all the schools in Fremont. Those circled in red are the top 12 schools. 993 - Mission San Jose Elementary (zip 94539)987 - William H... 09/11/2010

A brief glance at the MLS listings will give us an idea of how long a listing is on the market until it considers an offer. This is called DOM, or Days on the Market. Typically, a listing is "off-market" when the status changes to Pending. Pending is when a buyer starts his loan process and conducts appropriate property inspections. If the property is a short sale, the seller begins negotiations with the bank (unless this is a HAFA short sale) by submitting the short sale package, which includes the offer received, together with the seller's hardship letter and financial documents. How long does a listing stay on pending status? When does escrow actually close? How long does it really take to sell a home, from listing to closing? By using MLS data on listing, pending, and closing dates... 09/10/2010

It is always a disappointment when a home stays on the market for a long time with no buyers in sight. It is an even greater frustration when your listing expires after giving it several months. What went wrong? Why were requests for showings few? What could you have done to attract potential buyers? Is the market really slow, or is just your house?  One piece of advice to sellers: Don't wait for your listing to expire before asking the above questions. Don't be a passive seller. Review your marketing strategy with your Realtor® after 30 days (or less) and resolve to address any issues immediately. Some points for discussion in your review should include the following:. Is your home priced right? Sometimes, it all boils down to pricing it right. Realtors® who are looking for properties... 09/08/2010

The federal tax credit ended on April 30th. The California state tax credit incentive has stopped accepting applications since Aug. 15th. So what else is there to boost home ownership? In the beautiful city of Fremont, homebuyers continue to get incentives by way of the city's First Time Homebuyer Programs. There are three specific programs available: Welcome Home Program (Loan Program). This is a down payment assistance of up to $40,000 to purchase a home anywhere in Fremont. Welcome to the Neighborhood Program (Loan Program). This is another down payment assistance of up to $40,000 to purchase a home in a Redevelopment Project Area (Centerville, Irvington, Niles). Up to $10,000 can be forgiven for eligible repairs and improvement if done within the first 7 years of purchase. Moderate... 08/30/2010

Whether your purpose for a Fremont garage sale or moving sale is to clear out stuff (junk) from your house or to recap some cash on items not used anymore--or both, you should do the garage sale. Moving sale, tag sale, estate sale, and garage sale all bear the same rules for success. My family and I, in Fremont, just did a block sale last weekend, and here is what I want to share with you on how we got things done. Some things we did well, and others okay. My goal was two fold. First, being a Fremont real estate agent, I wanted to get the immediate Fremont community involved in order to glean a little name branding for my Fremont real estate office http://www.tricityhome.com from the event. Second, was for me to get some things cleared out of the house and garage. I needed my space back... 08/25/2010

Whether your purpose for a Fremont garage sale or moving sale is to clear out stuff (junk) from your house or to recap some cash on items not used anymore--or both, you should do the garage sale. Moving sale, tag sale, estate sale, and garage sale all bear the same rules for success. My family and I, in Fremont, just did a block sale last weekend, and here is what I want to share with you on how we got things done. Some things we did well, and others okay. My goal was two fold. First, being a Fremont real estate agent, I wanted to get the immediate Fremont community involved in order to glean a little name branding for my Fremont real estate office http://www.tricityhome.com fr... 08/25/2010

People move from Fremont, Newark and Union City from time to time. I myself moved about 8 times in my life so far--moving from various areas in the San Francisco Bay Area. If you are thinking about moving from Fremont, Newark or Union City CA to another area you will want to know a few things, and I hope this post can help. If you enjoy moving, then you are one of the very few who do. The rest of us, we need help in any way, shape or form. This short post will simply provide a list of helpful tools in the form of websites and some tips we learned along the way. In regards to selling your Fremont, Newark or Union City property and buying a replacement home, a Fremont real estate agent will play a a vital role in assuring that the sale of the old home and purchase of the new one work toge... 07/25/2010

The last two short sales in Fremont that I performed were by no means smooth. And, I have become a little short sale shy as a result. Yet, other short sales in Fremont we recently closed had performed exceptionally well--Fremont short sales are sort of a mixed bag. What made the difference? The last two sort sales in Fremont were bad, but others were not. We discovered that it has everything to do with the lender of the original borrower or what we might refer to now as the short sale lender. Worst on the list was Bank of America who took an average of 10 months to perform a short sale and still not short sales were completed. And, what’s more, B of A was full of surprises. In fact, just about everything they did was a surprise. Imagine staring at a cocoon that has not hatched, waiting ... 07/13/2010

Being quick to pull the trigger on a property is essential in our Bay Area Market/Fremont  markets where nice properties can be few and far between, especially in the entry level priced properties. With 5 out of every 6 properties hitting our market being Short Sales, a lot of the emotion is taken out of the process from the sellers perspective. They only want an offer to submit to the Bank for approval and it can be yours or not yours. Remember, it's just an offer; the first step in a multiple step process ultimately ending in me handing you over the keys.                                                                                                An offer never handcuffs you to a property but the,"Gold Standard," approach is that you be committed to that property, or until such an e... 06/12/2010

Fremont VA Condo Loans -VA Loans to buy or refinance Condo's and  Condominiums in Fremont VanDyk Mortgage is a VA Lender offering VA Loans to purchase or refinance Condominiums in Fremont.   The tightening credit market of the past couple years has made it more difficult to attain financing on on Condominiums as Conventional Agencies Fannie Mae & Freddie Mac have added many restrictions on Condos, both in the way of reduced eligibility and also increased rates for Condo's.   FHA also recently changed it's rules for Condominium eligibility as well, making it even harder for Sellers and Listing Agents to sell Condo's.   In comes the VA to the rescue for Fremont Condo Buyers and Condo homeowners.   To qualify for a VanDyk VA Condo Loan, the condo must be on the VA Approved Condo list, whic... 06/01/2010