Sunday, November 8, 2009

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.

Posted by Museman at 10:56 AM 0 comments

Thursday, November 5, 2009

CA Real Estate Agent License

CA REAL ESTATE EXAM

CA REAL ESTATE SCHOOL
CA REAL ESTATE LICENSE


Posted by Museman at 8:28 PM 0 comments

Wednesday, November 4, 2009

Real Estate Listing Agent In Newark--Syndication

Home Listing Syndication is part of a new buzz jargon that a lot of soon-to-be home-sellers in Newark should have in their home selling marketing plan.
A Syndication is defined by Dictionary.com--a group of individuals or organizations combined or making a joint effort to undertake some specific duty or carry out specific transactions or negotiations. When you list a home with us, we combine traditional marketing with newer (syndication) as well. Open Houses are great as well as postcards and flyers, but more and more buyers are starting out on the web, and that's where you need to be too.
If you or someone you know is thinking about selling a home in Fremont, Newark or Union City, then one of the newer things we do is a Home Listing Syndication.
Your home can be advertised on websites all across the web, making sure buyers see your home and everything it offers. Here are some of the national sites where your home will appear:



Why not start here and see what your Fremont home is worth. On one of my next blogs, I will give you a Home Seller's Net Sheet that will allow you to calculate your estimated profits from your sale.

Posted by Museman at 8:40 AM 0 comments

Tuesday, November 3, 2009

Real Estate Office In Fremont--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 at first. No one want a home buyer to lose their job.

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.

Posted by Museman at 1:16 PM 0 comments

Fremont CA Homes For Sale & Short Sales

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 they 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.

Posted by Museman at 11:16 AM 0 comments

Monday, November 2, 2009

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.

Posted by Museman at 10:48 PM 0 comments

Fremont CA Foreclosure Found

It's a Fremont short sale actually. My point however is to remind home buyers in Fremont that your short sale deal needs to be well-cared for while it is in the bank's "system." Many brokers and agents feel a bit indifferent about referring to the bank's process of handling a short sale anything remotely close to a "system." It's a bit of a sore subject among us real estate professionals.

In a recent blog post, I mentioned that B of A was going to assist in one of my short sales. A VP was personally going to see that it got done fast. Last week I received a call from B of A. It turns out that my short sale file was sitting in the wrong department for a significant length of time. It was discovered by none other than the VP himself. It was quickly remedied and then brought to my attention.

I felt bad that something like that had slipped past me. I was assured that there was nothing I could have done to prevent that. It was all their doing. Now that I know, I think there is something I can do about it. I am going to tell you how to prevent this from delaying YOUR short sale significantly.

Here is what I found. It turns out that the bank has several short sale divisions, not one like they tell you, and only one can handle a Freddie Mac loan, a secondary mortgage market loan. Mine was one of those. For more on Freddie Mac reading go here. Ask the rep or negotiator if the laon is a Freddie Mac loan and if it is being handled by the right short sale division. Ask to be transfered to the manager of the shortsale division if they cannot answer the question.

In short, my VP came through. He broke the door down and rescued my short sale from sure abandonment. I hope that someone can use this info to rescue their short sale as well. Let me know if I can help.






Posted by Museman at 1:17 PM 0 comments
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