Wednesday, September 30, 2009


Fremont CA Real Estate-Short Sales Fremont CA Real Estate prices fell on average of 35% since the beginning 2007, but there were a few pockets of Fremont that fared a bit better than the rest. What could have been the cause? Weren't they all affected in the same way? Mission San Jose area real estate prices in Fremont for example, did fall but not as much as homes in the Ponderosa area in the north of Fremont.
Schools were the common denominator in determining the home value percentage drop. Had Mission San Jose Schools been anything but one of the top 5% national high schools in the nation, the story would have been different. Parkmont area of Fremont did okay at around 30% drop, better than a 35% drop from other pockets of Fremont. All together, it seems that the Mission San Jose School status provided heavy reinforcements when the real estate crunch came crunching down. 
Also, you can compare between Fremont and Sunnyvale here on a study I did last year. Interesting. By Jeff Pereyda

Saturday, September 26, 2009

Fremont Real Estate Agent

Choosing a Fremont Real Estate Agent
Choosing a Fremont Real Estate Broker

In my previous blog post, I simply shed a bit of light on the fact that at the end of the day, the broker IS the agent, no mater if you chose and agent or a broker that sells real estate.

Choosing a Fremont Real Estate Agent, or choosing a Fremont Real Estate Broker should take some planning. Not all are the same. Most have the same tools available to them, but it is the compliant and optimized results you are looking for when you're done with the sale that matters most. This may not be the best illustration of that point, but I sometimes have my would-be clients take hold of my Montblanc fine tip pen and say, "okay, write your name with this pen." Then I take the pen and sign my name.

"See the difference?" I say. Of course there is a difference, because my signature is pretty far out there when it comes to signatures. Anyway, the idea is--same tool got different results. Then we joke about how I hope their results do not look like my signature.

Is there a danger in just choosing any agent? Yes, there is. That is why the Department of Real Estate was created in the first place. There are horror stories to prove this claim. Sadly still, it may take years for a home-seller to decide that it is time to sell, but they go right ahead and choose an agent in just one day.*

Take a moment or two before taking that leap because once you sign the standard California Association of Realtors Listing Agreement, you sign an irrevocable contract. There are legitimate reasons for that, but it is irrevocable none the less.

Listen to Chris's story hereBy Jeff Pereyda

* Evans, Blanche. "CAR's Internet Versus Traditional Buyer Study Shows New Trends." Deputy Chief Economist Robert Kleinhenz of the California Association of Realtors. 30 January. 2008

Friday, September 25, 2009

Fremont Real Estate Broker

I wanted to simply spread a bit of light (just a little) on the differences between a broker and a licensee. What it mostly boils down to is that brokers are the agents. Most real estate sales "agents" that we normally refer to as agents are in fact licensees working under a broker's license or have an affiliation under the broker, and they are in fact supposed to be called sales associates or real estate licensees, but we usually just say, "agents."

Not all brokers sell real estate themselves. They govern the transactions, amongst many other things. However, some brokers do sell property.

But what about these brokers that sell property? What gives them an advantage over a licensee if any? If I had to choose between a broker that sells property and a licensee as an "agent,"--being a broker myself, I would have to side with the broker. Why? Because the broker (should) always have an astute exposure to both compliance and ethics; a bit more so than the average licensee. Brokers can be a cautious bunch, but they are cautious for the Principal's sake. That principal would be you if you were selling or buying a house.

The point being is that at the end of the day, the broker ends up being the responsible "agent" anyway no matter who you chose.

If you need to sell real estate in Fremont CA, find a good broker that sells. We're out there. You will appreciate the added dimension of compliance and ethics exposure.  By Jeff Pereyda

Thursday, September 24, 2009

Short Sales Fremont CA

I'm certain that if the legislature let real estate brokerages do their job at the pace brokers are used to, and lenders keep up, we got a solution.

The California Senate passed SB306 in September. TriCity Real Estate Brokers, Inc. has a quick 4 minute slidecast on where shortsales came from and where they took us. NOW, we will really see some changes.

In short, this means the Short Sale processes just got quicker.
Check this out:

  • Lenders or Service Companies must either deny a short sale offer in 4 days from receiving the offer or it is assumed to be “accepted.”
  • Lenders and Service Companies doing business in the State of California are mandated to respond to a Short Sale offer in 21 days.

We recently had one short sale on the board for 4 months. The would-be buyer walked away from the transaction and left it high and dry. We found another buyer, but--here we go again. With the new law passed, I am checking with legal to see if we can get this approved. By Jeff Pereyda

Tuesday, September 22, 2009

Home For Sale In the Lakes In Newark--Isthmus Be My Lucky Day

Sounds like a pretty wet house or two for sale if you take the title literally. The truth is, some of these much sought after homes in Newark are situated in what is called, "The Lake Area," and they are built on the perimeter of the water where lush, green grass grows and where ducks, geese and even swans like to swim. What's more, the lake even has its own man-made island or rather more of an isthmus because of the bridge. See the note regarding isthmus and the map below so you can see what I mean.

View Larger Map

Anyway, during Newark Days last week, the Lake Area Association decided to accompany the ducks and geese add brought back "Boating Days," a long time gone but well-loved pastime of bringing the "reasonably sized boat" to the water and out for a cruise.

I took the family out to Boating Days and took a picture or two. It was a nice break from working at the TriCity Real Estate Broker's office during the week.
An isthmus (IPA: [ˈɪsθməs, ˈɪstməs, ˈɪsməs], Greek: ἰσθμός, isthmos, Katharevousa and ancient Greek: ἰσθμός, plural isthmuses or isthmi) is a narrow strip of land that is bordered on two sides by water and connects two larger land masses. By Jeff Pereyda

Monday, September 21, 2009

Fremont CA Homes For Sale

Google Alert where you set up a topic and ask Google to notify you when something relevant comes up, a Listing Alert for homes in Fremont that come up for sale will gather the information being sought after in a home and store it. Then as soon as a home that matches the visitors needs, it instantly sends them a message with pictures, maps and more.

Our latest visitor, we will call Fred, just finished his set up. All he had to do was input just a few items and hit "finish." Here is a snapshot of what his page looks like when he in notifies.
webshot of Fremont Homes For SALE

Here is one of his would-be homes he was notified about.

These blog images are fuzzy due to the post, but they are clear as can be on the screen. There are many more tools available at

What else is nice about these sites is if your plan changes and you want to be removed from the mailings or the "alerts", theses sites both comply with safe subscription removal policies. 

Happy house hunting.

By Jeff Pereyda

Saturday, September 19, 2009

Selling A Newark CA House?

This weekend may be a good time to have an open house if you had a Newark CA home for sale. Newark Days held at Newark's Community Park  draws thousands to the event in just a period of four days. Imagine the foot traffic you could get.

There is a small drawback. That is, because of all the tasty treats served at Newark Days (most of them sticky), you may need to have a tarp or two over the carpet in your open house. Just one Mr. Softy ice cream cone can do significant damage to the rug.

The idea is to get as many interested people into your open house as possible, but tell your real estate agent doing the open house to keep an eye on these Thai chicken-toting open house goers. It will stain. Some agents provide food at their open houses, but most people politely refused the food we cater, and we ended up with so much food left over.

Now, at our Fremont, Newark open houses, we stopped giving out food all-together. We mostly provide just lemon water now in a fancy pitcher and cups--Won't stain when well-meaning kids fill cups too high and slosh around the house.
By Jeff Pereyda

Thursday, September 17, 2009

Parkmont Elementary School

Every school day, I arrive at Parkmont Elementary School at 8:20am, and I return at 2:35pm to pick up my kids--except on Wednesdays. On Wednesdays, I have to return at 1:15 to pick them up. What happens on Wednesday? Wednesday at 1:15 is "prep time."

Prep time is a time when teachers can get caught up on lesson plans, copies, and run ditto machine jobs (mimeographs--the white paper copies with bluish-purple ink that smells like glue). They do these jobs and all sorts of other tasks too during this prep time.

Prep time was not done last year--at Parkmont Elementary that is. Glenmoor Elementary, off of Mattos in Fremont, had prep time last year and the year before.

So, what happened? Well, budget cuts happened. Parkmont Elementary School is challenged just like all the other California schools. They have to restructure school hours to allow prep time where they did not have to before. For example, before this year, Parkmont had Science Lab, full PE and Computer Lab. During certain times of the day, a few grade classes would send their kids to "Labs." After that particular grade class was emptied out and the kids were in the lab, that teacher with the now empty class could then do their prep time. However, now those labs do not exist because of the CA education budget cuts, so the school lets all kids out at 1:15 on Wednesdays in order to free up time for the teachers to ditto off the next weeks assignments and the like.

First of all, how does that effect Fremont CA home prices. And, second, how does it effect my job as a Fremont CA real estate agent ? Home prices will recover. I am confident in that. They already started. And second, since I am the one doing the drop off and pick up, it only means my days are a bit more jumbled than last year. But I have to tell you. I would not have it any other way. Long story short. I used to be a UPS driver in Fremont. With that job, I would only see my kids on weekends. That would not do for me. That is another blog post in it of itself.
Parkmont will more than survive. It has a great PTA and a parent volunteer group and many extra curriculum activities were not cut because of parent involvement. When the going gets tough, the Parkmont Panthers PTA get going. Grrr.

By Jeff Pereyda

Monday, September 14, 2009

Seller Found

In the previous post, I ruminated regarding the whereabouts of my seller. We have a home for sale in the Parkmont area of Fremont. What's more, we had two offers, and he was nowhere to be found. Well, the good news is that he has been found. The bad or indifferent news is that he is close to where I thought he was. He is in Indonesia. Now there's an "out of the area" seller, or "super absentee owner" for you.

All kidding aside, he assured me that all will be taken care of on account that he is well astute to high-tech communications. We will see how it goes.

If you are interested, a little jewel I gleaned from this experience is that the Indonesia AT&T access code to dial Bank of America's short sale division from Indonesia to here via toll-free is 00180110, so dial 00180110 then the toll free number without the 1 in the 1-866. You just dial 866 880 1232 after the code. That's for the post Countrywide pre B of A line at that number. If you had an original B of A loan not the Countrywide loan before the merger you dial the code as above, then you use 866 413 3757.

If you happen to be in Indonesia and the code fails to work for you--the B of A non 800 number is: 704 386 5681. They can transfer you to short sales. (imagine the phone bill you would have just for listening to their muzak while on hold) Yikes!

by Jeff Pereyda
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Tuesday, September 8, 2009

Has Anyone Seen My Seller?

Where did he go? Such a nice guy too... Those words kept ringing through my head as I wondered where my seller must have gone. He and I had the long talk about his accessibility throughout the transaction and how important it would be to sign documents "en route" if he was going to leave the area. Well, leave the area he did, and now I cannot reach him. It's been about a week and a half.

As it is now, I have a short sale in the Parkmont area of Fremont Nice area. We had no activity for 3 months, now I have 2 offers, and I need his signature yesterday.

by Jeff Pereyda
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