Real estate blog entries tagged with first time buyer by John Juarez, ePRO, SRES, GRI, PMN (The Medford Real Estate Team)

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first time buyer: 102 VISA CT., FREMONT, CA. – FOR SALE - 06/15/13 03:37 AM

Here is another Medford Team listing.

The house as 102 Visa Ct., Fremont, Ca. is an excellent opportunity to own in the South Sundale neighborhood of Fremont. This beautiful home boasts two all new bathrooms (done with permits), granite counters, new sink and faucet in the kitchen, new garage door, hardwood floors and so much more! It is only a short walk to Marshall Park or Millard Elementary school. This Sundale house is well located for your commute to South Bay and Peninsula employment centers and just a few short minutes drive from the Fremont BART station.

Bedroom: 3
… (1 comments)

first time buyer: 5 Absolute Do Not's When Purchasing A House - 05/15/13 12:07 AM

George Souto, a mortgage professional in Middletown, CT has posted some sage advice for those who are going through the home buying process.

FAMOUS LAST WORDS: “But I need a washer, dryer and refrigerator for my new home. I bought the appliances on a credit plan and they will be delivered to my new home as soon as escrow closes.” Problem is…escrow is now in doubt of closing.

As much as we blog about what not to do when purchasing a home, and as much as we warn and advice Borrower when they are applying for a … (0 comments)

first time buyer: 22140 PROSPECT ST., HAYWARD, CA. FOR SALE - 03/17/13 03:15 AM

The home at 22140 Prospect St., Hayward, Ca. has just been listed by the Medford Team and is ready for a new owner. This turn-key home is not an REO…not a short sale.
Here’s your chance to own a beautiful home on Hayward’s historic, prestigious Prospect Hill! Completely upgraded, this home hearkens from the past but has its sights firmly fixed on the future! New kitchen, baths, paint, flooring … it’s all here! Wood-burning fireplace.
Three bedrooms and two baths. Nicely sized at 1,579 sq. ft. on a 6,000 sq. ft. lot.
Listed at $429,950.

… (2 comments)

first time buyer: STATISTICS DON'T TELL THE WHOLE STORY - 03/03/13 10:34 PM

Here is a weird statistic that we are now seeing. We see reports of sales prices increasing in the face of falling sales.

Prices are up but the number of sales is down in many areas. Houses are selling so quickly and strongly that there are literally not enough houses to sell! The first glance impression is that the market is declining but the truth is that houses are not coming on the market fast enough and in adequate numbers to keep pace with the level of sales in previous periods even though the buyers would buy them if … (0 comments)

first time buyer: 38500 PASEO PADRE PARKWAY #311, FREMONT, CA. IS FOR SALE - 02/01/13 01:04 PM

The newest Medford Team listing is 38500 Paseo Padre Parkway #311, Fremont, Ca.

This one bedroom, one bath condo is on the third floor of a complex that includes a pool, carport for one car plus additional open parking, a location that is close to the center of Fremont and convenient proximity to BART and freeways.

This condo features new carpet, a modern and pleasing paint scheme and a balcony with a view of the nearby pool.

There will be an open house on Saturday, Feb. 2nd, from 11-3.

No Sunday open house … (10 comments)

first time buyer: WE OFFER ADVICE. YOU MAKE DECISIONS. - 11/21/12 06:53 AM

John McCormack, an Albuquerque Realtor and one of my favorite Active Rain contributors wrote a blog in which he advised a buyer to buy conservatively. Good advice, John, but…

Buying the most house that a buyer can afford is a viable strategy that has to be weighed against buying the house that will allow one to “have a life”.

Life is not static. Life does not stand still. If a buyer qualifies for “X” now, who is to say that buyer will not be able to afford “X + Y” in a few years? With a job change … (3 comments)

first time buyer: WHAT DOES "BOMK" MEAN? - A REAL ESTATE ACRONYMN - 11/17/12 01:52 PM

What does “BOMK” mean? We have lots of acronyms in our business.

We have a status in our multiple listing service called “Back On The Market” or BOMK. It indicates that a property was in “Pending” status but no longer is. In other words, the sale transaction to the previous buyer is no longer viable for some reason and the property is back on the market. Sometimes the reason is mentioned in the mls but not always.

Why would a property be “BOMK”? We often see a notation in the mls that a property is Bank … (9 comments)

first time buyer: INVENTORY IS THE PROBLEM IN FREMONT, CA - 11/15/12 11:34 AM

Inventory is the problem in Fremont, Ca. real estate. The problem with inventory is that there is none. No…inventory is not low…it is way beyond low…it is close to non-existent. I just checked for single family detached homes, duets and patio villas that are listed on our mls. I do this check twice a month – on the 15th and last day of the month. Today, there are 90 listings on the mls that fit the above description. Now, 90 will seem like a lot in some markets. In Fremont, Ca. the population is approximately 220,000. Fremont is the fourth largest … (3 comments)

first time buyer: DO YOU EXPECT A DISCOUT ON THE PURCHASE OF A FORECLOSED HOUSE? - 11/12/12 11:35 AM

Do you expect a discount on the purchase of a foreclosed house? If yes…why?

Two major components of the price of any house are location and condition. If a foreclosed house – let’s call it an REO for brevity – is in a great location and is in good condition then that REO should sell for a value that is more or less equivalent to any similar house – shouldn’t it? If the REO is in disrepair, the house should sell for less than a well-maintained house in the same neighborhood. That would be a discount based on condition, not … (1 comments)

first time buyer: INVENTORY FOR NEWARK, CA IS PITIFUL – 6-15-12 - 06/15/12 04:40 AM

The inventory of single family homes for sale in Newark, Ca. is pitiful!!!
Today, 6-15-12, there are 19 single family homes listed for sale on our MLS. On the same date one year ago the available number of houses for sale was 84!
Is real estate alive and well in Newark, Ca.? If you are a seller, the answer is ‘yes’. If you are a buyer who is frustrated with the many other competing buyers who are also making offers on the houses that you like the answer is HECK YES!
And yet, I actually talked to someone yesterday who said … (1 comments)

first time buyer: 30351 MERIDIEN CIRCLE, UNION CITY, CA. NEW LISTING - 04/25/12 01:09 PM

30351 Meridien Circle, Union City, Ca. is the newest listing for the Medford Team.



This four bedroom executive home in Union City’s exclusive Meridian Court gated community is all shined up and waiting for its new owners! This home has many upgrades including stunning hardwood floors. It is a short walk to the community pool & park. It has granite counters, upgraded baths, soaring ceilings and more. The master suite includes a fireplace, walk-in closet and upscale bath. This beautiful home also features a downstairs game room/den/bedroom and a three-car garage!
This … (11 comments)

first time buyer: NEWPAPER SAYS MARKET IS HOT! - DUH! WHAT ELSE IS NEW? - 04/20/12 01:57 AM

Our market is HOT! Now it is front page news.

Just thought that I would post a link to an article in today’s local paper. This newspaper is the chief paper in Fremont, Newark and Union City. The article will be read all over the Bay Area since our local paper is one of the Bay Area News Group papers.

The article stresses how crazy the market is right now. The point is that anything that you see and like will also be seen and liked by other potential buyers and there will be multiple offers on the property. If you look at properties … (5 comments)

first time buyer: HOUSE HUNTERS EPISODE: FREMONT, NEWARK HOME HUNTERS - 03/25/12 02:54 PM

Monday, March 26th, the television show House Hunters will feature a couple who are looking for their new house in the Fremont-Newark area. With a budget of $450,000, it should be interesting to see what they are looking at, what they select and how successful they are. That price range is smack in the middle of the most active price range for attractive detached homes in Fremont and Newark. That price should get you a nice 3-4 bedroom, 2 bath home in decent condition that is not necessarily an REO or short sale. Of course, houses that meet that description are … (2 comments)

first time buyer: THE OLD DAYS WERE GREAT BUT THEY ARE GONE - 03/14/12 04:02 AM

Why would I say that the "old days" are gone. Well, they are!
Richard Weisser, an Newman, GA. Realtor wrote a post about what he termed the “Glory Days” of real estate. I wrote a response and then noticed that the response was about as long as his original post. So…here is my response.
_________________________________________________
I was greeting some newbies to our Association during an orientation. I said to them, “Don’t you people read the paper and listen to the news? Don’t you look at the news feeds on your computer? Don’t you know this is a really bad time … (9 comments)

first time buyer: A MORAL OBLIGATION...PAYING THE MORTGAGE - 03/12/12 12:32 AM

A man enters the confessional.
Bless me, Father, for I have sinned.
What are your sins, my son?
I am not paying my mortgage, Father.
Why not, my son?
I got laid off, Father. I have no income but I have lots of obligations. Putting food on the table and keeping my medical premiums up to date (they go up every year) takes all of my unemployment check. And…my unemployment benefits will soon expire.
Well, my son, I am not sure that I hear that you have committed any sin.
Definition of SIN from Merriam Webster on-line dictionary
1
a : … (7 comments)

first time buyer: NEW MEDFORD TEAM LISTING AT 5816 HAFNER WAY, NEWARK, CA - 03/11/12 07:23 AM

New Listing AT 5816 Hafner Way, Newark, Ca. Open Today from 1-4.
The Medford Team has a new listing in Newark, Ca. I am the co-listing agent and will be holding this Newark house open today from 1-4. Come on by and take a look. Since it went on the market Friday I have gotten many phone calls from agents who want to show the house. Our inventory is low so all decent houses are getting a lot of attention. This is an equity sale and not an REO or short sale so any offer will receive a prompt response.
With 3 bedrooms and 2 … (0 comments)

first time buyer: WHAT GOES UP MUST COME DOWN…AND VICE VERSA - 02/17/12 02:53 AM

What goes up must come done and vice versa.
What does vice versa mean? It is a phrase my parents used to use frequently. I don’t hear it much anymore. It is Latin for “the other way around”. In other words, what goes down must come up. That is what we are seeing in the real estate market in Fremont and across the U. S., according to a news story that I just heard on the radio.
Real estate sales have fallen nationwide over the last few years. Now reports are surfacing of an uptick in sales volume. Reports … (4 comments)

first time buyer: FREMONT, CA. SHORT SALE IN IRVINGTON HIGH SCHOOL DISTRICT - 02/15/12 05:43 PM

Here is our newest Fremont, Ca. short sale in the Irvington High School attendance area. Every short sale comes with a story and this story involves a family tradegy. The sellers’ personal loss will allow a new owner to purchase an excellent home in the Irvington District. The Irvington High School attendance area of Fremont has become highly coveted by home buyers because of its affordable homes in an excellent school area.
This 1958 home has 3 bedrooms and 1 bath in 1,000 sq. ft of living area. With its two car garage and 5,040 sq. ft. lot, this home awaits … (3 comments)

first time buyer: ANOTHER PROPOSAL FOR MORTGAGE RELIEF FROM THE GOVERNMENT…BECAUSE THE OTHER PLANS HAVE ALL WORKED SO WELL - 02/06/12 04:13 PM

If you listened to the President’s State of the Union Message and/or read about it, you know that it contained another proposal for help for under water homeowners.

            Under the control of the FHA, underwater homeowners would be able to refinance into cheaper government loans. Borrowers with good credit who are current on their mortgages would most likely qualify.
            No appraisal would be needed. There would be no need to submit tax returns to verify income.
            To qualify: borrowers would have to be current on the mortgage, have a minimum credit score of 580 and must … (5 comments)

first time buyer: MARKET STATISTICS – SAN FRANCISCO BAY AREA – CASE SCHILLER - 01/31/12 09:01 AM

The latest S&P/Case-Shiller is out. Through November, 2011, prices were down in 19 of 20 cities surveyed compared to the previous month. Prices are also down for most of the cities on a year over year basis.
In the San Francisco Bay area, prices are down 1.9% in November compared to October and 5.5% from a year ago.
Are you surprised? If you are you don’t listen to or read about the daily news. We have heard and continue to hear – and read – that the real estate market is in the doldrums. We hear that prices will continue to … (2 comments)

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