REO-Bank-Owned Homes and Short Sales Fremont CA

Fremont REO and Short Sale Homes Jeff Pereyda

How to Sell Short Sale Homes

Real Estate Owned Homes

Go to http://www.tricityhome.com/podcasts/REO.html

To begin the slidecast, wait until you see the arrow below that looks like this Then click it. Do not click the new moving arrow. It does not work to play the slidecast. It only goes to the next slide.

By Jeff Pereyda

Parkmont Townhome Villas-Home Prices

Parkmont Townhome Villas belong to a well-kept Parkmont subdivision of Fremont CA. It was one of several areas I mailed business postcards to last week as part of a regular marketing program. The postcard simply pointed out that Internet visitors could visit my site and instantly listen to references about yours truly. You can do that here http://www.tricityhome.com/ondemand.html I added live streaming (no longer requiring to download the voice file to play it) Anyway, getting off topic a bit. I like to receive calls about real estate because I feel that I can tell it like it is without the all sales jargon. That's what I would want if I called in to a broker for my house.

A resident called in today to ask about the value of his house. He lived in the Parkmont Townhome Villas, and I have a good handle on all of the Parkmont areas, but particularly the Villas due to the fact that I am a broker-in residence. I live there. We talked a bit about the market and appraisals and how it all affected his home prices from 2007. Back in the day, a moderately upgraded 1717 sq ft Bella Vista floor plan sold for $640,000. Well, at the time of writing this, it is now $450,000, an approximate 30% drop. The two bedroom Via Bravo unit recently sold for approximately $420,000.

In my previous blog post, I mentioned that we owe some thanks to Parkmont Elementary School for being a California Distinguished School. It kept us from going down to 35% drop.

If you had a question about your home value, give me a call. By Jeff Pereyda

Fremont-Unified-School-District-Home-Sales

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 http://www.MyColdwellBankerHome.com 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

Fremont Real Estate Agent

Choosing a Fremont Real Estate Agent
Choosing a Fremont Real Estate Broker http://www.MyColdwellBankerHome.com

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 here. By 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 http://realtytimes.com/rtpages/20050330_buyertrends.htm

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, http://www.MyColdwellBankerhome.com find a good broker that sells. We're out there. You will appreciate the added dimension of compliance and ethics exposure.  By Jeff Pereyda

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.

Slides not loading? Click here.

View more from Jeff Pereyda. (tags: default foreclosure)

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

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