After a few late appointments at my real estate office, I hopped in the car (could have walked) and drove to Washington High school Gymnasium where the Huskies were playing the Livermore High school team. As you can see in the final scoreboard, the Huskies bit the Livermore High School team 70 times while the Visitors nipped back a mere 33. It was good sportsman's ship to see fallen players helped back up after a fall from the opposing side more times than one. All in all, a good night out with the family. Better luck next time Livermore. 11/24/2009

Some of you know that from 1987 to 1999 I worked for UPS, a driver in fact. I delivered packages out in the Mission San Jose area of Fremont. In the morning deliveries to businesses came first, then some residential, then business pick ups, then go back out and deliver residential again. I saw a lot homes to say the least. , About mid route, I also delivered to a small business center where I would find my new dentist Dr. Karen Gianotti, my insurance agent Mike Qutermous at State Farm, my Optometrist, Dr. Marvin Mah (I may need glasses soon) and the VCA Mission San Jose Pet Hospital where we take our pets. They are all there in the Mission San Jose Business center on the corner of Luzon and Washington Blvd. I especially grew fond of where one of my driver buddies lived off of Luzon and ... 11/18/2009

Bijan Restaurant - Fremont, CA (Alameda County, California) Bijan Restaurant is located a couple miles west of I-680 on Mission Blvd. in Fremont. It's in the Lucky Shopping Center behind the ARCO gas station and you need to make a u-turn at the next light if you're coming from the 680 freeway. Bijan Restaurant has belly dancing on Friday nights and it's pretty cool when the belly dancer balances a sword on top of her head while she's dancing! If you feel like eating Persian food in Fremont, I recommend going to Bijan Restaurant...they have good food, good service and a clean restaurant. They also have outdoor dining with a covered patio, which is a nice option. The last time we ate at Bijan Restaurant, we shared a Hummus ($5.95) and it was a generous portion for two, which we both reall... 11/15/2009

On average, the "sold" prices for real estate owned homes in Fremont over the last 3 months or so have been selling for over the asking price. I ran just a quick list of all the homes that sold during that time, averaged the sales prices, averaged the listing prices, subtracted for the difference then divided the difference by the listing price. It sounds like a real estate question from the state exam. Doesn't it? Anyway, below are the results. Asking Price Avg. Sold Price Avg. Avg. Difference % Over Asking $434,138 $458,711 $24,573 5.66% We have not heard a lot of the "we bought our home for half the listing price" kinds of stories in our office. Actually, in order to get the house--most of the time, one has to offer over the asking price. Please remember that these are averages and o... 11/14/2009

Good Morning Fellow Readers: It is interesting to read all  the blog posts, well as much as possible anyway!  Some posts are personal, some are more technical.  All in all, its a way for the readers and visitors to meet and greet the industry from their lap top!  For me, I get to experience this from our local hang out in Fremont called Suju's.  A local coffee shop that is spacious, has lots of tables to congregate at, comfy couches and chairs and a  ambiance. Best of all, the coffee is freshly roasted in the back of the room and the Internet is FREE!  In most of my net-working groups I attend, mixer's I crash, and areas of Fremont I shop, I seem to run into at least 1 or 2 acquaintances at Suju's.  It is a great local hang out for college kids, high school kids, entrepreneurs, and YES ... 11/13/2009

Just real quick--the number of homes for sale in Northgate, Centerville, Mission Hills and other areas of Fremont are shrinking. Usually this is followed or accompanied by rising prices. In my last blog post, I simply laid out the fact that the home prices in Fremont were getting a bit of a boost upward. So, this could be the culprit. What do you think? Let me know. 11/10/2009

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. 11/09/2009

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... 11/08/2009

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... 11/06/2009

CA REAL ESTATE EXAMCA REAL ESTATE SCHOOLCA REAL ESTATE LICENSECA REAL ESTATE BROKER 11/05/2009

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... 11/04/2009

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.. 11/03/2009

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... 11/02/2009

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... 11/02/2009

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. 11/02/2009

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... 11/01/2009

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... 10/31/2009

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... 10/29/2009

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 ... 10/26/2009

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... 10/21/2009