Fremont CA Real Estate

Parkmont Homes & Listed For How Much?

At the time of writing this page (2-10-10) Parkmont Villas Townhomes on Bright Common and Lavendar Common have been hovering around 435k for a Via Bravo--the two bedroom 2.5 bath and 475k for the Villa Bella--the 3 bed 2.5 bath townhouses.


Sometimes we get a scare when a neighbor lists their Parkmont home for sale at say $410k for the Via Bella--3 bed 2.5 bath at 1700 sq ft.


I am often asked why this is, or I am asked if it will hurt the value of the surrounding Parkmont homes. Truth is that it is unfortunate that the listing agent goes so low on the very first day. After all, the agent's job is to get the most they can for the seller of the property, right? Even if the seller is the bank--we have a fiduciary duty to perform. So, why so low? Sometimes out-of-area agents fail to know the Parkmont homes area or the comparables as well as the local brokers do and mistakenly listing the house for a low price. The redeeming news is that the market will bear what it can bear and hopefully market value is attained after a few weeks. Unfortunately, ooa's (out of area agents) sometimes may not be the best choice for the sellers. In fact, even some local agents should stay away from listing a house.


Redeemingly, a few thousand here and there does not seem to hurt the comparables too much, but try to explain how you just gave away someone else's money to the one losing it, bank or not, it does not go well.
On the flip side, case in point is that I just listed 38332 Redwood Terrace in Fremont at 519k (pie in the sky price). We got an offer for 470k after 45 days. Long story short, we got 485k EVEN AFTER IT APPRAISED FOR 466k and it's last comparable was around 465k. We received 485k. It could not get any better than that.


Point being--do not panic if your neighbor lists for a ridiculously low price. Contact me using the form below for a real market value based on true comparables and true sold history along with experience in Parkmont sales prices.


The goal here is to create a report for you to determine the market value of your Parkmont Home by looking at the real-time brokerage data.


We will create the report by hand, but you need to type in the correct information so the job can be done correctly. We will then deliver the Parkmont report to you by email.


If it is time to sell, let me know. I will get top dollar for your home as fast as I can.
0 comments • Jeff Pereyda Fremont-Newark-Union City Homes for sale • February 11 2010 10:21PM

Bocce Ball In Parkmont--What A Nice Touch

Some time ago, I was at City Beach for my coed bachelor and bachelorette party. Yes, my wife-to-be was there. It was a fun time, and I especially enjoyed the bocce courts they have there. Thanks to my brother and a resource or two, I learned that the floor of the bocce court is partially made up of crushed oyster shell. Fascinated by such a claim, I bent down for a closer look. Sure enough, there were little bits of oyster shell on the bocce court. It actually had a mother of pearl effect under the bocce court lights they use there. However, albeit beautiful to some, it can be a bit messy and quite evident to that fact immediately after players receive a pat for a good roll. A white, dusty hand print poofs its way onto almost any fabric. Well meaning gestures of, "way to go" and "good one" seem to manifest themselves on both shoulders and backsides throughout the course of almost any game.


Notice there at the bottom right hand corner of the image above. There are three proposed bocce ball courts in Parkmont waiting to be built. I am wondering what the City of Fremont will put on the floor of their bocce ball in Parkmont ground cover. Can't wait. Will I be disappointed if they use just gravel? A bit, but I can still play bocce ball in Parkmont much easier than having to drive to City Beach and pay.


My children and I go to the mustard field which humbly occupies the Centerville space now. We currently climb the pine tree and throw rocks there. Actually, I throw the rocks. Keeps the ol' arm loose.
The future Centerville Community Park where they will have the bocce ball in Parkmont is off of Eggers, & Camden right next to Washington High School . You can go to the Fremont link here. Centerville Community Park.


Bocce ball in Parkmont, what a nice touch to an already great place to live. I'd be a nice transition after a day at the real estate office, http://www.tricityhome.com
0 comments • Jeff Pereyda Fremont-Newark-Union City Homes for sale • January 12 2010 06:44PM

Fremont & Union City Home Buyers Get Frustrated

A while back, I had a home for sale in Union City, and I had just finished up on a few things after an open house. I decided to drive home by way of a different street. All the while, in the back of my mind, I wondered where a poor Prudential agent's real estate sign ended up, and there it was. The sign was posted on a home for sale in Union City on Almaden Ct off of Alvarado during my listing period on another Union City home nearby. My seller and I always got a kick out of the bare post with no sign. The missing sign started as a dangler. You know, the one hook dangle? Then, it just dropped on the lawn. The agent never bothered to check on the home. I even called. After a while, someone finally decided to dump it. Stop, I know what you're thinking--It wasn't me. I'm not trying to slander Prudential either. Signs just break sometimes.


The image I captured on the Blackberry here also captured the feelings of many Union City and Fremont home buyers as of late. Looking at it, as pathetic as it is, many one-liners come to mind like, "trash it!" or "take it to the can man!" Or, on a different note maybe the picture can be interpreted as "shopping for a home" perhaps or "put an agent in your shopping cart." I think Fremont home buyers can identify to this imagery in line with what is going on with the market lately. Ask most any home buyer, and they will tell you that it is not easy to buy a house right now. REO's get swept up by cash buyers sometimes over bidding, short sales take many months or years to own with no communication in between. Regular sales like one of mine here at Redwood Terrace http://tricityhome.com/38332_redwood_terrace_parkmont.html.


In closing however, I wanted to offer some words of encouragement. if you are approved for a Fremont home loan, be thankful and go get a loan ASAP. If you want a Fremont Home and are not approved, get your financials together and see what you qualify for before the tax break period is over. Go get that home before someone "carts it off." Sorry, just can't seem to stop at one.
1 comment • Jeff Pereyda Fremont-Newark-Union City Homes for sale • December 23 2009 11:03AM

Home In Parkmont Value Checker

I have a wonderful home in Parkmont for sale here at http://www.homes-in-fremont-unioncity-newark.com/ I put it at this point2home site because I want to have the home in parkmont be posted (syndicated) to 30+ websites. Well, it worked. It's out there, and we are marketing the home in Parkmont aggressively. In fact, we procured a ready, willing and very able buyer today.


I cannot discuss particulars, but even though the buyer is ready willing and able to purchase this home, we have obstacles. One problem is overcome already, the HUD requirements for FHA and condos regarding spot approvals for condos I mentioned in an earlier blog here http://tricityhome.blogspot.com/2009/12/fha-loans-for-condos-in-fremont.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+blogspot/TCREB+(Home+Sweet+Home)
Our buyer is 80/20 conventional purchase loan. The other problem in purchasing this home in Parkmont must go undisclosed. I have after all a fiduciary duty to parties involved. So, we can see this as the classic expression--is the glass half full or half empty? We have a seller who wants to sell a home in Parkmont and a buyer who wants to buy a home in Parkmont. Either way, our office is happy to be objective in helping buyer and seller achieve their goals in buying a home in Parkmont. We will see.


Regardless, knowing your home in parkmont's value is key. You can go here http://www.tricityhome.com/Parkmont_homes_sold.html to get a parkmont home value sent to you.
0 comments • Jeff Pereyda Fremont-Newark-Union City Homes for sale • December 17 2009 10:31PM

FHA loans for Condos In Fremont

Most home buyers for condos in Fremont are unaware of the new changes in FHA requirements. When I say requirements, I am not referring to the buyer's requirements. They seem to have remained the same, but the real change has come from somewhere else. FHA loans for condos in Fremont and everywhere else have placed HOA risk assessments into the picture.


FHA is a program not necessarily a loan by itself, and lenders need to comply with the program that is set forth by HUD (Housing and Urban Development). The new catch is that the subdivision/HOA has to have been approved by HUD for FHA loans in Fremont to occur. Here's an example. If a condo subdivision, say like Mowry Gardens in Fremont (Redwood Terrace), has condo for sale which it does by yours truly here http://www.homes-in-fremont-unioncity-newark.com/Featured_Listings/page_163204.html and, if, for some reason, there was a lawsuit pending against the HOA, or the HOA has low reserves, or if the HOA has insufficient insurance--you get the idea, HUD will not FHA approve them anymore. It actually is a long 6 month process for the HOA to get approved by HUD.


There are countless individuals who are at risk of getting their condos in Fremont pulled out from under them right in the middle of their transaction. I have two in jeopardy. At the time of our office receiving the short sale offers for our sellers, HUD was allowing FHA loans for condos in Fremont to take place. Now, for the reasons mentioned above, the risk is too high for the program to carry on for all condo subdivisions who have not been HUD approved already. Now that we are weeks away from getting a short sale approval (that is a very short time in the world of short sales), we could lose out again. You and I are not alone here. This is happening across the board for all condos.


All is not lost. PUDs (Planned unit Developments) and SFHs Single Family Homes are okay for "spot approvals" for FHA loans. That's where the lender can do an FHA approval for the buyer just like a regular conventional loan. No more.


If you happen to be looking for a home and considered FHA loans for condos in Fremont and only have 4 or 8% down for the condo purchase, then you are a likely candidate for attaining an FHA loan. They are good loans, But before you make an offer on a condo, you better ask your agent if the subdivision has been approved for FHA loans. If it has not been HUD approved, you cannot use an FHA loan. you have to go conventional with at least 15% down. B of A has a decent 15% down conventional at the moment as well as Wells Fargo.
1 comment • Jeff Pereyda Fremont-Newark-Union City Homes for sale • December 10 2009 09:56PM

Washington High School--Huskies Basketball

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.
2 comments • Jeff Pereyda Fremont-Newark-Union City Homes for sale • November 24 2009 11:33PM

Parkmont Elementary School Report

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?
0 comments • Jeff Pereyda Fremont-Newark-Union City Homes for sale • October 15 2009 10:58PM

Selling A Home In Parkmont--Fremont CA

Sell that Fremont CA Parkmont home quicker! Tips for sellers to bump up that curb appeal.

Regardless of the Fremont CA Parkmont real estate market, sellers need to do everything possible to help get their home looked at. Here are some basic tips.

1. Beware of grand gestures: Exterior improvements should be in keeping with the scale and proportion of your house and fit in with the neighborhood. So as lovely as a formal colonnade might look on the front of your ranch house, it may seem over the top when viewed in context with the simple house next door.

2. Don't stand out like a sore thumb: When picking paint colors, it's best to match the intensity of your neighbors' shades. If pale blues are the norm, try a creamy yellow. Contrast that with a more saturated accent color for shutters and doors, and a lighter one for windows and trim.

3. Be a tree hugger: If an old maple is obscuring the front of your home, don't cut it down. Hire an arborist to trim it instead. Raise the canopy. Eighty-three percent of Realtors say that mature trees enhance the value of a home.

4. Plant for all seasons: Your landscape should be eye-catching year-round, even in the dead of winter. So choose a mix of plants to provide four seasons of interest-spring and summer flowers, bright fall foliage, and colorful berries or showy bark in winter.

5. You can have too much of a good thing: Over-improving your facade can mean recouping less of the cost when it comes time to sell. Gauge how much to spend on renovations by checking home values to see what gussied-up homes are going for in your community, and stay under their bar. See my Cost .vs Value Report here.

6. Do sweat the small stuff: New house numbers, a special light fixture, and potted plants are inexpensive and go a long way toward dressing up an entry.

7. Preservation pays: Before you apply stucco over those weathered clapboards for a clean, low-maintenance look, consider that restoring architectural details may offer more bang from your renovation dollar. In some areas, the value of homes in historic districts where preservation is required has risen up more than in non- historic areas.

These are basic notes to consider, so if you want more "front line" marketing tips, call us 1-866-967-9137 or contact us

0 comments • Jeff Pereyda Fremont-Newark-Union City Homes for sale • October 12 2009 03:57PM