Fremont, CA Real Estate News

By Sunil Sethi, Fremont, Union City Realtor - Homes for Sale in Fr
(SUNIL SETHI REAL ESTATE)
Fremont Proposal targets monster homes   the city councill will be voting on a ban to developing "monster homes on Tuesday at 7pm at City Hall. Homes with predominantly single story homes will have the chance to block construction of two-story homes adn additions for as long as 7 years. This is a big issue for the Glenmoor and Mission Ranch community, where existing owners want to preserve the look and feel of their neighborhood.
Comments 0
By Jeff Pereyda, Real Estate Agent-Broker Associate, GRI, SRES
(Coldwell Banker)
You may not know this yet, but my blog needs readership. Yes, your reading it now, but just look at my comments on my previous blogs. My website gets quite a bit of traffic, but my blog?--I have next to 0. My Active Rain gets some readership due to the fact that Active Rain bloggers simply feed off Active Rain, kind of an obsession with bloggers here.But more on facebook is being published all the time. Lee Aase, the Chancellor of Social Media University, Global (SMUG) writes references to the news media about the applications of facebook below. Here are some links to major news coverage about Facebook: USA Today Newsweek cover story TIME LA Times on application development in Facebook Fred Vogelstein’s LA Times essay on Facebook. Two articles in MarketWatch (Lee Aase is quoted here and...
Comments 3
By Jeff Pereyda, Real Estate Agent-Broker Associate, GRI, SRES
(Coldwell Banker)
I have a great mentor/broker friend that I as a broker confide in sometimes. We share ideas and sometimes war stories.I heard the latest doozy of his through his wife which allowed the story to leave more to the imagination, and it went something like this:Fred, mentor, had been working with a young couple who qualified as buyers for around $400k. Fred drove them around for months in and around a not so nearby city relative to Fremont homes for sale in an obligation to help them in buying a home. Cudos.Last week, an amazing listing became available for sale by an elderly couple selling their home. They had really fixed up their place with dual pane windows, granite counter tops, etc. Ready to move in, the offer was made, and very gratifyingly, accepted. Needless to say, the young buyer...
Comments 0
By Jeff Pereyda, Real Estate Agent-Broker Associate, GRI, SRES
(Coldwell Banker)
Every home owner has found those "Just Listed" cards in their mailbox, then as an afterthought, tossed them in the trash. Well, as part of my GRI (Graduate, Realtor Institute) education a while back, I had the fortunate experience of learning some great marketing tricks while at the same time not upsetting the delicate ethical goings on of the real estate industry. One of these such tricks was a postcard.For the agent who represents the seller, (the listing agent) they get to mail out all kinds of things for the homes they are listing: Just Listed: Parkmont Beauty w/ Huge Lot Pending: The Parkmont House Just Sold: That Same House I've Been Telling You About For About a Month Well, there are many buyer agents out there that can use the exposure too. Often, the buyer agent's credit gets s...
Comments 9
By Veena Grover, Fremont Realtor: Homes for Sale in Fremont & Union City
(Re/Max)
I wanted to pass along that the Fremont Unified School District (FUSD) board recently voted to reinstate bus transportation for secondary schools (Junior highs & High schools) for the 1st semester of the 2008-09 school year.  In Fremont, this means that from the beginning of the school year through January 30, 2009, students will have the option to take the school bus.  I'm glad to see the Fremont school board to decide this despite the budget shortfalls we've had at the state level.  The time and money savings that the bus provides to most parents, not to mention the fact that it can be self-funding in many ways, makes it a worthwhile service, in my opinion. Which students qualify?  The criteria is simple: any junior high students living beyond a distance of 1.5 miles from the school a...
Comments 0
By Pam Winterbauer, "Providing Blue Ribbon Service"
(Pam Winterbauer Real Estate)
On Thursday (8/21), Jeff Schwob, Planning Director for the City of Fremont, briefed the Tri-Cities Marketing Meeting on community development issues that impact the real estate market.  Mr. Schwob reported on the General Plan and how it impacts land use and housing policies, the status of the Oakland A's plans to move to Fremont and the ordinance which will allow neighborhoods to ask the City for a temporary ban on second-story additions.  The Fremont City Council will adopt that ordinance at their September 23 meeting. REALTOR® Impact:  While the final decision on city policies are made by the City Council, it is the responsibility of city staff to actually research, develop and implement ordinances and regulations.  By hearing the staff perspective on city issues, the REALTOR® communi...
Comments 1
By Jeff Pereyda, Real Estate Agent-Broker Associate, GRI, SRES
(Coldwell Banker)
I live and work in Fremont CA. I used to live in Sunnyvale CA for most of my years growing up. So, when I took a listing in the Parkmont area of Fremont in July of 07 and got 2 showings in one month, (very low), I got a bit involved in some unique statistic gathering.I wanted to find out percentage of turnaround in competing areas. Percentage of turnaround is the number of homes that have been bought and sold within a measurable duration of time. It's important to know because this figure will tell us what areas are moving real estate.  What's more, is that turnaround determines both supply and demand.  Measuring the number of homes for sale on the market is one thing, but measuring the number of homes purchased within a unit of time reflects the demand for the area and completes it's e...
Comments 0
By Jeff Pereyda, Real Estate Agent-Broker Associate, GRI, SRES
(Coldwell Banker)
A week and a half went by after the close of escrow on the cat pee house in Fremont CA. I went over my turn in sheet for my lock boxes and found that my combo box was still listed as being on the house with the cat pee. Well, I had to go get it. I was a little apprehensive about going to the house because I new the cat pee was going to be there in part. What if the new owner was there? I drove to the house and saw some activity at the front door. The new owner was discussing something with what it looked like to be a contractor of some sort. Was I going to just butt in and say, "Oh, excuse me. I was the one who warned you about the cat pee issue? I just came for my lock box. Oooh! Is that cat pee I still smell?" I made my way up to the walkway, and--Oh My G*d--I was hit all over again h...
Comments 0
By Jeff Pereyda, Real Estate Agent-Broker Associate, GRI, SRES
(Coldwell Banker)
Most of us I'm sure have somewhat of a working knowledge about what to do about cat urine smells. Many good products are now available to help rid us of the ammonia smell that gives can pee it's notoriety. But what I am about to share with you here was so devastating that it had to become a matter of "material fact." And, for your amusement, this is how it all unfolded.Some months ago, I got a call from a homeowner who needed to sell her home in Fremont CA and move out to Modesto. I arrived at the home in my suit and tie, and I was on my way to the front door when I was  greeted by  the Mr. "T" of cat pee smell. I hesitated, then knocked on the the door with the light-hearted (rat tatta-tat-tat tat tat). I thought perhaps the cat pee smell was from a stray cat lingering around the front...
Comments 1
By Sunil Sethi, Fremont, Union City Realtor - Homes for Sale in Fr
(SUNIL SETHI REAL ESTATE)
This bit of news hasn't been highly publicized but one I find more interesting than the $7,500 interest free loan that has gotten a lot of press. The recently passed housing bill includes a provision to provide homeowners who in 2008 wouldn't benefit from itemizing but do have property tax expenses. These folks will be allowed an extra standard deduction. The maximum amount that may be claimed under this provision is $500 ($1000 for joint filers).  I read this in article published by Michelle Singletary of the Washington in my local paper this morning, but here's another article on the topic I found online. http://www.courier-journal.com/apps/pbcs.dll/article?AID=/20080728/NEWS02/807280446 I couldn't find the housing bill online, but some can direct me to it. I'd love to get a copy of i...
Comments 1
By Sunil Sethi, Fremont, Union City Realtor - Homes for Sale in Fr
(SUNIL SETHI REAL ESTATE)
Got this just now.I haven't done a non-conforming loan in so long, I'm not surprised Chase is the 1st to officially drop the product. This will impact the luxury home market the most, as they're the biggest users of loans over the conforming limit. Chase's reason for dropping the program is (1) that they're not seeing much demand for the product, (2) Investors aren't willing to buy it and (3) the ones they did fund are performing poorly.  link to letter from chase
Comments 2
By Jeff Pereyda, Real Estate Agent-Broker Associate, GRI, SRES
(Coldwell Banker)
A while back, I wrote about my run-of-the-mill, non-short sale listing that I felt would be a good indicator of the current market. I called the post, "Consider the Tomato Frog." At first, I thought there may have been a problem with my L.I.P., Listing Indicator Project, after I had a talked to couple who were interested in the property. They happened across my sign post after just two days of placing the sign post in the ground. Their interest in the property was welcome, but it threw everything off. I would have welcomed this problem with open arms, but alas, the fluke buyers could not stomach the idea of $3,000 a month payments. That would have been a surprising piece of luck. Since the "DFT," (Deal Fell Through) We reduced the price from 508k to 481k. Things started to happen. Calls...
Comments 0
By Pam Winterbauer, "Providing Blue Ribbon Service"
(Pam Winterbauer Real Estate)
On Tuesday the Fremont City Council approved an ordinance that allows individual neighborhoods to temporarily limit second story additions. They also directed staff to develop design standards for these types of additions. The ordinance is the city's response to the proliferation of large additions in some areas of Fremont and the wishes of residents from the Glenmoor and Mission Ranch neighborhoods to preserve the "single story" nature of their neighborhoods. After reviewing this issue and hearing a presentation from Fremont Planning Department staff at their May meeting, the Local Government Relations Council decided the ordinance would negatively impact private property rights, could complicate disclosures and didn't provide enough certainty about what additions a property owner coul...
Comments 1
By Sunil Sethi, Fremont, Union City Realtor - Homes for Sale in Fr
(SUNIL SETHI REAL ESTATE)
2/2 priced at $168,000 in Fremont. I've got a call into the listing agent, but if the price and unit description are correct, this seems like a great deal. 40321606 HOA is $341 I have a feeling this may be a 1 BR Unit. I sold a unit on Albany Common last month which is close by. It was a 2/1 for $290K. This would be a steal at this price even with the higher HOA amount. A 2/2 should rent for $1500-$1700 in this location near the bart.
Comments 0
By Pam Winterbauer, "Providing Blue Ribbon Service"
(Pam Winterbauer Real Estate)
LinksProperty WebsiteMy WebsitePhoto GalleryDescriptionSingle story home that is seldom available in Ardenwood. Open and spacious floor plan with three bedrooms, two baths, electric kitchen with tile counters. Wood burning fireplace in family room and formal living room. The home features an inside laundry, skylights, sun tunnel, whole house attic fan and a southerly exposure.The private rear yard has a spa to relax in, bulb garden, garden shed and an apricot fruit tree for the caring gardener on a corner lot. The home sports a brand new 3D composition roof. It is close to award winning schools, shopping, churches and transportation. It is near to the Dumbarton Bridge, easy access to the Peninsula and South Bay. http://33500Bardolph.comFeaturesBedrooms: 3Bathrooms: 2Parking: GarageYear ...
Comments 3
By Pam Winterbauer, "Providing Blue Ribbon Service"
(Pam Winterbauer Real Estate)
On June 24 the Fremont City Council will be considering an ordinance that could lead to a ban on second-story additions. Jeff Schwob, Fremont's Planning Director, briefed the Local Government Relations Council on this proposed ordinance at their May 27 meeting.  This is a tricky subject for REALTORS®. On one hand, the ability to remodel a home - within applicable zoning and building codes - is a fundamental private property right. However, large-home additions in some Fremont neighborhoods may impact the value of neighboring properties. Bay East is working with the City to ensure that any ordinance that directs home remodeling provides for property rights protection while also maintaining quality neighborhoods. Considering moving to the East Bay?  Do you want to Buy or Sell a home?  Con...
Comments 7
By Pam Winterbauer, "Providing Blue Ribbon Service"
(Pam Winterbauer Real Estate)
Welcome Home to Ardenwood Village Lovely single level home with a Southerly exposure.  Open and airy floor plan. Three Bedrooms, Two Baths, Family Rooms with wood burning fireplace Inside laundry, Garage with lots of storage, new 3D comp roof Private rear yard with relaxing spa, corner location Close to Dumbarton Bridge, Silicon Valley and Peninsula Affordably Priced at $649,888 Moving to Fremont, CA or the East Bay? Do you want to Buy or Sell a home? I specialize in satisfying your needs Contact Pam Winterbauer, 2006 REALTOR® of the Year, ASR, CRS, e-PRO, GRI, PMN, SRES At Home with Diversity Certified Windermere Welcome Home Toll Free:  877 876-8889 / 510 889-8889 Visit http:pamwinterbauer.com for local information and featured listingss 
Comments 1
By Michael Wayne Jackson, Broker - Seniors Real Estate Specialist Novato
(Coldwell Banker)
Option One Mortgage was the lender that had both liens on the property that I had listed and successfully closed on April 15th, 2008. The buyers agent sent in an offer on February 28th, 2008 and a few other offer came in around the same time. This agent must have given his buyer the approximate  wait time for the process of a short sale like I told him because all of the other buyers were nowhere to be found. Fortunately Option One was the easiest bank I've had to deal with in regards to an approval, and they didn't ask for a promissory note or delay with a second or 3rd appraisal or BPO. Not once did I physically speak to the assigned negotiator he emailed me the approval, and gave us a closing date of April 25th , 2008.  For the agents not showing short sales to your buyers you might ...
Comments 18
By Veena Grover, Fremont Realtor: Homes for Sale in Fremont & Union City
(Re/Max)
The City of Fremont's First Time Homebuyer Program and CalHFA financing may be able to assist with down payment assistance of up to $67,600 for a Fremont home, provided that you meet certain income levels, which adjust based on the number of people in living in the home.   According to the City's website, you are eligible if you: Have not owned a home in the last three years Live or work in Fremont currently, or previously lived in Fremont. Meet the income guidelines (see Income chart) Are able to secure a mortgage and have good credit Are able to attend the mandatory 2 hour First Time Homebuyer WorkshopTo see if you are eligible, or for further information, please contact me.  I'd be glad to provide you with more information on making your home ownership dream a reality.    
Comments 2