Fremont CA Real Estate

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

Fremont Mission Hills Real Estate

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.
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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 Castillejo. That is near Washington Blvd. and 680. I just liked it. It had some character, some views too.


As one who values long-term relationships, and even though I no longer drive for UPS, I still retain customer relationships with them all.


Call me old-fashioned, but I'd rather have a slightly older home with character made with a mix of wood and brick than the new ones made with sprayed on stucco and weak stucco architecture that has foam underneath it.


Even in the middle of busy day at the real estate office, I can find time to drive into Mission and get a check up and find no cavities, but also be told that a little more flossing couldn't hurt. And, as a small aside--I met my wife there when she worked at the pet hospital back in 1993.
3 comments • Jeff Pereyda Fremont-Newark-Union City Homes for sale • November 18 2009 10:28PM

Asking Price .vs Selling Price In Fremont

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 only performed by the method I showed above. I'm sure there is a more sophisticated RMS method of (root means squared) or something, but here you have it. If you want to buy a home in Fremont most of the time, they go for more. The test only included REO properties. It's very telling.


Some home buyer "to do's" for your agent would include:
  • After you like a property, have your agent perform a CMA for your property so you know the estimated market value of the home. Remember it still has to appraise for for your offer amount in order for your loan to go through.
  • Make sure you have your deposit check photocopied for your agent to present your earnest money.
  • Have a fresh "direct lender' approval letter on the ready.
  • Go over the Buyer's Net Sheet again to make sure you understand your closing costs.
  • The rest is up to you and your agent working together to create a good offer.
Again, these are the basics. If you need more attention to detail, please give us a call or send us an email. We are full-time real estate agents in Fremont.
0 comments • Jeff Pereyda Fremont-Newark-Union City Homes for sale • November 14 2009 10:13AM

Shrinking Fremont CA Real Estate Inventory

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.
1 comment • Jeff Pereyda Fremont-Newark-Union City Homes for sale • November 10 2009 09:58PM

Antelope Hills Distressed Homes In Fremont

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.
2 comments • Jeff Pereyda Fremont-Newark-Union City Homes for sale • November 09 2009 10:55PM

Home Prices In Glenmoor

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 ave
rage 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:
  • Parkmont
  • Niles
  • Mission San Jose
  • Indian Hills
They are recovering at the moment. Let's see. Next blog post I will post the supply and demand levels over the last 90 days. It is very interesting.
0 comments • Jeff Pereyda Fremont-Newark-Union City Homes for sale • November 08 2009 03:57PM

Fremont Real Estate Office--Commitment

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 office are more likely to be successful in buying their home. It's about commitment. I think buyers feel better knowing that they have a professional office and an agent that is full-time working for them. Likewise the agent feels better about working hard for their client who takes time out of their day and physically walks into the office to get a clear understanding of what they as a home buyer need to do.


So, if I were to try and link he opening paragraph with this closing, I would have to say that commitment plays a big part in buying a home in both getting the loan and sticking with the real estate office that is helping you get one. Let us know how we can help.
0 comments • Jeff Pereyda Fremont-Newark-Union City Homes for sale • November 06 2009 11:02AM

CA REAL ESTATE AGENT LICENSE

CA REAL ESTATE EXAM
CA REAL ESTATE SCHOOL
CA REAL ESTATE LICENSE
0 comments • Jeff Pereyda Fremont-Newark-Union City Homes for sale • November 05 2009 10:43PM

Fremont CA Short Sales--Getta Move on

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 to provide leverage for the workings in the B of A system. We have seen this with Wells Fargo and other lenders too, but this is a bit different. Then, you have to hire B of A to do the loan, and authorize the VP using the short sale authorization letter.


What you get is:
  • executive negotiations at the top level with the short sale decision makers
  • 6 mos. mortgage protection
  • quicker sale time reduces buyer frustration
  • quicker sale time reduces seller frustration
Pinch me, but I think I am on to something. Let's wait and see.
0 comments • Jeff Pereyda Fremont-Newark-Union City Homes for sale • November 04 2009 11:30AM

Bank-Owned Property In Fremont--We Call Your Bluff

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.
2 comments • Jeff Pereyda Fremont-Newark-Union City Homes for sale • November 03 2009 01:03AM