Fremont, CA Real Estate News

By Jeff Pereyda, Real Estate Agent-Broker Associate, GRI, SRES
(Coldwell Banker)
If you go to my site TriCityHome.com, you will find distressed homes for sale in Antelope Hills Fremont. No matter where you are in the US, you are effected by the decreased value of homes. Antelope Hills is nice but not immune to the crunch. Just go to my site and wait for the thumbnails (small images of homes that change on the screen) to appear. There you will find distressed homes for sale in just about all categories and price ranges. The site uses IDX scripting, so I cannot embed it here, but go and try the site. It is just a click away.
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By Jeff Pereyda, Real Estate Agent-Broker Associate, GRI, SRES
(Coldwell Banker)
Homes for sale in Glenmoor are showing changes in pricing, and this area has always been one of the most desired places to live in Fremont CA that have home values from 500k up to over 1 million. I like the area too, but I happen to live in the Parkmont area of Fremont. Glenmoor homes for sale have also felt the effect of the price drop. Homes sales since 2007 have dropped on average of 35%. Some areas only fell 30%. That would be Glenmoor. But recently there has been an increase of about 5% take a look at this chart. It's hard to see, but it shows that over the last 180 days, home prices in Glenmoor increased by about 5%.Other areas hit by the 30% instead of 35% are:ParkmontNilesMission San JoseIndian HillsThey are recovering at the moment. Let's see. Next blog post I will post the sup...
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By Jeff Pereyda, Real Estate Agent-Broker Associate, GRI, SRES
(Coldwell Banker)
At the time of writing this post, loan rates were down to about 4.5%. Unemployment was up to over 10%. Tempting as the rates may be, some people are scared to commit to a home purchase because they might be out of a job soon. I spoke with a high level executive at B of A, and they are trying to do something about that. They actually have a home buyer protection program where they will pay 6 months of your home loan (P&I) if you get hurt or lose your job. Not a bad deal, but you do have to commit to the loan. Walking away from a loan hurts the economy as you know. I know this next point isn't exactly related, and I am a bit off topic, but I added a link to our site that allows you to see pictures of our office. Nothing new, I know, but we have found that those buyers who come in the offi...
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By Jeff Pereyda, Real Estate Agent-Broker Associate, GRI, SRES
(Coldwell Banker)
CA REAL ESTATE EXAMCA REAL ESTATE SCHOOLCA REAL ESTATE LICENSECA REAL ESTATE BROKER
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By Jeff Pereyda, Real Estate Agent-Broker Associate, GRI, SRES
(Coldwell Banker)
If you have found a short sale in Fremont and are getting discouraged at the pace of things, find out if the home you are buying has a B of A loan on it. If it does, you are in luck, well sort of. I know there have been horror stories about B of A. My father-in-law who also is a broker has a few of his own. But, I do not (yet). I have a short sale in the Parkmont area of Fremont and the buyer really wants to get going. I think they are feeling that they may miss out on the new buyer credit. I was introduced to a VP of B of A a while ago, and he has now been authorized on the account and the short sale is moving quickly. There are a few strings attached. If you as a buyer have a loan approved already with a non B of A provider, you will have to dump them. The VP wants the loan in order t...
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By Dawn Rivera
(Realty World Viking Realty)
Subscribe How to Buy a Bank owned home This is a UTUBE video I thought you all would like. I thought it was funny and entertaining. It hits close to home in regards to bank owned homes and the "foreclosure specialists" assigned to list them..
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By Jeff Pereyda, Real Estate Agent-Broker Associate, GRI, SRES
(Coldwell Banker)
We were given the MOD (Multiple Offer Disclosure) from on of the major banks today. We offered a fair amount for a property for sale in Fremont, and got the MOD in return. It is the bank's way of flushing out any possible chance for a bidding war to get it's last word or dollar in. The notice only states that the bank is "letting you know" that they know there are multiple offers on the property. It sometimes comes with an attachment from the listing agent saying that any Counter Offer (extra bid from us or you if you are the buyer) needs to be in writing and so on. We called their bluff today and stood our ground. The buyer simply acknowledged the MOD and sat back and is now waiting. Lets see those cards Mr. Lender. I'll keep you informed. Thanks for reading. Why not take some free thi...
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By Jeff Pereyda, Real Estate Agent-Broker Associate, GRI, SRES
(Coldwell Banker)
It's a Fremont short sale actually. My point however is to remind home buyers in Fremont that your short sale deal needs to be well-cared for while it is in the bank's "system." Many brokers and agents feel a bit indifferent about referring to the bank's process of handling a short sale anything remotely close to a "system." It's a bit of a sore subject among us real estate professionals. In a recent blog post, I mentioned that B of A was going to assist in one of my short sales. A VP was personally going to see that it got done fast. Last week I received a call from B of A. It turns out that my short sale file was sitting in the wrong department for a significant length of time. It was discovered by none other than the VP himself. It was quickly remedied and then brought to my attentio...
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By Dawn Rivera
(Realty World Viking Realty)
Subscribe when the economy gets bad and people get desperate, some people have no scruples and will try to scam any way they can. If you are trying to get a mortgage, beware of online scams who are trying to just get your information so they can steal your identity and ruin your credit and your life. Also beware of brokers or lenders who tell you one rate and then give you another (higher rate). Be sure you do business with a "Realtor" or someone else you know and trust. Realtor's have specific ethics they have to abide by. Some people are already finding ways to scam the tax credit, and it makes it tougher for those of us who are trying to complete honest business transactions. keep heart there are good, honest, people who will help you get the mortgage you need.
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By Jeff Pereyda, Real Estate Agent-Broker Associate, GRI, SRES
(Coldwell Banker)
Own An REO Property In 2 WeeksView more presentations from Jeff PereydaThe slide cast above has sound. You just have to hit the small green play button at the bottom of the chalkboard. If you are in the market to purchase a home at a reduced price, then you have a real good chance at getting one if it is a Bank-Owned home. You can visit my slide cast to just get a quick inside look at how to get a Bank-Owned home or REO. Not that it matters terribly what I think, but for the sake of argument, I think that I would never have seen a market such as this one. There are REO's everywhere and what is more puzzling is that most people do not know how to buy one. Banks have made it harder than you think. REO Buying 101 would have to include just a few things:Include wording in the offer that say...
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By Jeff Pereyda, Real Estate Agent-Broker Associate, GRI, SRES
(Coldwell Banker)
In a recent blog post, I wrote about a Proposition 60, 90 and 110 client of ours that was denied the claim to transfer their tax to the replacement home. In short, the replacement home was too expensive for the transfer. The tax assessor will only allow a certain increase in the replacement properties sales price. It was not even close, but we thought we would try. The comment from my client was, "Well, I had to have this house, so it was not even a question." I agree. The replacement house is a beautiful house in the Niles area of Fremont. In closing, if you are over 55 or disabled and are selling your home in Fremont or any home in California and Alameda and Contra Costa Counties, look into the Props before you plan your move. That is unless you just, "gotta have that house." Thanks f...
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By Jeff Pereyda, Real Estate Agent-Broker Associate, GRI, SRES
(Coldwell Banker)
A client visited with me in my office in Fremont last night. He makes a good income and is capable of buying a home in the Mission San Jose Area of Fremont, which more most is no easy task. As we talked further, he disclosed that he recently got out of a short sale. It closed escrow in August. If you know just one thing about buying a home it is that the lender will look at your credit and put it into the long equation on the home qualification formula. What do you think his credit showed? After we both sighed, he authorized me to pull his credit. His credit showed that he now had two "derogs" on the credit report. A derogatory event on a credit report is never a good thing. If someone you know has had or is going through a short sale in California several things will appear in the cred...
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By Jeff Pereyda, Real Estate Agent-Broker Associate, GRI, SRES
(Coldwell Banker)
Once a homeowner decides it is time to sell their house, They'll need to do a few things. First, owners should psychologically become sellers in their actions and in their frame of mind. After this transition, what follows next is that they should find homes that are comparable to theirs. It's usually called a Comparative Market Analysis (CMA). Lately, Internet companies call them a Home Value Report. Either way, it should contain these things in it: Homes like yours sold in the last 3 months or soHomes like yours pending a saleHomes like yours still on the market and Get the story behind each one. Then, they should perform a net profit analysis on the sale of their home on a simple excel sheet. And, needless to say, they should have a place to live after they sell the house. They need ...
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By Jeff Pereyda, Real Estate Agent-Broker Associate, GRI, SRES
(Coldwell Banker)
For the most part, if you are 55 and over, you can have your existing property tax payments carry over to your replacement property. This is mostly for replacing a Alameda County property in Alameda County and a Contra Costa County property in Contra Costa County. The two counties here also cooperate with each other. Other counties participate with each other too, but they are very slim to none. I carry a Seniors Real Estate Specialist (SRES) designation as do some other real estate professionals. The SRES requires that the agent undergo a certain number of hours and courses geared to helping seniors attain qualified professional help regarding real estate matters. Although I am not a tax professional, and this is by no means tax advice, the courses introduced a few propositions that te...
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By Jeff Pereyda, Real Estate Agent-Broker Associate, GRI, SRES
(Coldwell Banker)
Some Fremont home buyers find me on the Internet. Recently, so did Agnus. She is a senior real estate home buyer who wants a home in Fremont. I met her briefly and had gone over the procedures (in detail) as to where we would meet on Saturday to look at homes for sale in Fremont. We were to meet at 9:00 am sharp where a cute condo for sale in Fremont was located. We had blocked out an hour and a half to view 5 homes so we should have been fine. I had a feeling that something was going to slow things down when I remembered the last time we had looked at homes in Fremont. We got separated and the last two homes we were supposed to look at were never viewed except by me. Agnus got lost. The day before we were going to meet, I sent her a Google map, a chronological list of homes to view alo...
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By HR Dadgar
(American Dream Realty)
  First of all I am not a CPA and I advice everybody to investigate what I am going to say here. This is no legal or tax advice. I am a real estate broker and as such I can not give legal or tax advice   How much tax should I pay when I receive a Cask Back from a Broker or Real Estate Agent? This question is normally asked by buyers who are about to get a cash back in escrow. The answer is zero percent, but you can do it two ways. The hard way and the easy way. Let's start with the easy way.   The easy way is to make your agent write it on the offer or purchase contract something in this formate: Buyers will get $15,000 dollar cash back within the escrow.   The money you will get from your agent will be used to pay your closing costs and reduction of the purchase price. Because you wil...
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By Jeff Pereyda, Real Estate Agent-Broker Associate, GRI, SRES
(Coldwell Banker)
Last month one of our Fremont CA home-buyers found us on our website and after talking some things over with me, hired us to buy and sell their home. She is very happy with our services click here (then click Keniki). She wanted to use Fremont Bank for the purchase. She knew the reps there and naturally felt more comfortable in doing so. I would too. It is still unknown to everyone as to why, but on three separate instances, Fremont Bank acted strange to put it mildly. Events 1-3 are completely true.During the home buying process, they asked the buyer to come to the office and sign their "refi documents." They did not know it was a purchase loan. Seems harmless on the front, but one of the revered real estate preambles is, "Time is of the essence." So, it freaked some people out. Yours ...
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By Jeff Pereyda, Real Estate Agent-Broker Associate, GRI, SRES
(Coldwell Banker)
My website has a Fremont Schools page. It is actually a popular page. Today I was asked to create a report, but not one report but seven. I was taken aback at first, but we have a system that helps create multiple reports for the website visitors who want to do some research. We managed to get the report out right away because, like me, after searching on the web for awhile, you want instant gratification when you think you found what you are looking for. We gave it. And, Parkmont Elementary still rules--want to see the report? As always, feel free to take a break and visit some of the links below. What are Homes-in-Parkmont Worth? (quick form)Instant Parkmont-Homes-For-Sale Search (can be customized)Palo Alto Medical FoundationWashington HospitalParkmont Elementary School Attendance Ma...
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By Jeff Pereyda, Real Estate Agent-Broker Associate, GRI, SRES
(Coldwell Banker)
A VP of Bank of America Home Loans gave me a call the other day and provided me with something that eased the pain of the short sale disease I have been battling. He said that If I had a short sale with Bank of America, meaning that the home being sold has a loan greater than all the selling expenses combined, he had help. Simply put, he was going to do something about the short sale I just listed and went into a purchase agreement with. For example, I have a short sale in the Parkmont area of Fremont That recently got an offer on it. The existing loan on the property is with B of A. Then, the new buyer had sought out a B of A rep to fund the loan for the short sale purchase. To paint a clearer picture here, the loan is going from B of A to B of A, so I guess it is a bit easier. The rea...
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By Jeff Pereyda, Real Estate Agent-Broker Associate, GRI, SRES
(Coldwell Banker)
I met with a two representatives from Lowe's in my office today because they have something I want. Granted Lowe's has a lot of things I want, like a new refrigerator or washer/dryer, but that's besides the point. So, what do I want? As a real estate broker in Fremont, I want home owners who are thinking about selling their home in Fremont to know who I am. I want them to listen to our new streaming real estate agent testimonials and so forth. In short, I want Fremont, Newark and Union City home owners to know that I do a great job when it comes to selling their property, and Lowe's is going to help me do just that. I used to do a lot of mailing for my business, but I slowed it down a bit. Actually, that is an understatement. I plain old stopped all together during the real estate crash...
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