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Renting a home after a short sale can be done
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Although Fremont-Union City home renters looking for homes to rent in Fremont have to do so in some very trying times, despite challenges, many of them are excellent renters. A lot of Fremont renters have been recovering from a short sale in their recent history. That's a rough situation to be in. Not only can they can no longer keep their home, they must now have their recent financial woes made known to their soon to be landlords and the property management. Albeit embarrassing, landlords as well as property management should read between the lines of the back round report. The people looking to rent in Fremont-Union City, who have come out of short sales, can be very reputable renters. Landlords and property management professionals should look at the whole picture.
In order to rent a home in Fremont and Union City, you have to show some consistency in paying the utilities among other items. The loan history may not look good, but some loans are not good either. Landlords and property management cannot always blame the borrower. Renters Fred and Sue, who now rent through our property management division, had to short sale their Pleasanton home and find a Fremont home to rent. Their back round checks and credit checks were showing red flags in areas like the delinquent home loan, but utilities and other important subscriptions to services have been paid for on time. Moreover, they earned a very stable income. It's just that the Pleasanton home loan was too much to bear. Being a Fremont Union-City property manager, http://www.tricityhome.com/pmc.html, I made a positive recommendation to my client/landlord to accept their application immediately to rent the home to Fred and Sue. So, even after my new tenant's horrible experience with the big banks, they now pay the rent every month early and even pay me a visit at my Fremont real estate office http://www.tricityhome.com while they hand me a cashier's check. Now, with their stable income and determination to rebuild their credit, collecting rent is from Fred and Sue is the easiest part of my job as a property manager in Fremont.
The name Mel Blanc may not have been too well known to many young children growing up in the 60's and 70's, but he was one of my childhood heroes. You may have remembered him as Barney Rubble, Bugs Bunny (not to mention ALL of the Looney Tunes characters all the way down to even Black Jacque Shallac). They were all the voice talents of Mel Blanc.
Last week was a tough week at my real estate office here in Fremont CA http://www.tricityhome.com. One real estate lender was particularly persnickety. At the end of the day, on may way home, I heard the voice of Bugs Bunny singing the old Danny Kaye scat routine my head. A half smile made its way to what must have already looked like a genuine curmudgeon's face.
You might say that I just had to scratch that old Bugs byte. So, after I found it, it not only did it make me laugh all over again, but it seemed to cause a lot of delightful childhood memories to come flying back in my mind as well. Life was not so bad after all.
If you want it--Here it is--Bugs Bunny mimicking Danny Kaye "scat'n." download it here (very small .wav file) or find it here -- It's at the bottom of the page.
If that one does not put a genuine smile on your face, find one that does. It's worth browsing for. Some other good ones are:
- You know I just bet we shoulda toined left at Alberquerque
- Nyah, pardon me Mac
- My stars, where did you ever get that awful hairdo
Bookmark this blog post if you ever need to hear the voice of an old friend. Thanks Mel.
Mel Blanc Wiki
His name is Retro. Initially, it was one of those 70's retro popcorn ceiling light fixtures. "He" was later created by dotting on a little mud on after removing him from our popcorn ceiling during our popcorn removal fest in our Fremont home. Frugal as we are, my wife and I were sure that we could remove the stuff ourselves--keep in mind that the living room has a 12 foot high ceiling that measures 28 X 12. The 1700 sq ft task was labor intensive, exhausting and messy--and we supposed to have been prepared. We were not. Pooped out from popcorn removal, I tried to inject a little humor into the project. I run around the house while holding "Retro," making robot sounds and chasing the kids with it during breaks.
My Fremont real estate office http://www.tricityhome.com recently sold another home in Fremont. We had the popcorn ceiling removal done on it after the close of escrow. No, we did not remove that popcorn ourselves, the Fremont home buyers did. I had a chance to walkthrough it after there removal was completed. The contractor who did the popcorn ceiling removal made it seem so unproblematic.
Our new “non-popcorn” ceilings are still in the making. I still have to prep and paint. If you are thinking about removing your Fremont popcorn texture, call me for a real contractor who knows how to do it right. They prep, scrape, sand, float (more on that later), and professionally apply the spray texture perfectly perpendicular to the ceiling. They are perfect ceilings when finished. Floating the ceiling involves 24” to 30” troweling a light coat of material to make it flawless prior to primer and paint. Yes, contrary to what you may hear, there are amazing contractors doing great work in Fremont. If you ever need the numbers, let me know.
There was a time where I blog posted every day about Fremont real estate and homes in Fremont CA. Since then, I have not blog posted about Fremont homes or anything for that matter until now.
In the Brookvale Elementary School area, a couple things are stirring. First, my Fremont home for sale on 3670 Alder Ave is back on the market and getting many showings--we need the exposure. It is a good Fremont home at a good Fremont sales price. The Trulia link is here at http://www.trulia.com/property/3028428984-3670-Alder-Ave-Fremont-CA-94536. Second, and not so related, is that significant sized trout are being caught in Fremont CA at the Quarry Lakes. I have seen Fremont trout being caught twice just by observing the Fremont fishing enthusiasts giving it a try. During the most recent bike ride through Quarry Lakes, my two kids and I had watched a Fremont fisherman catch a decent sized trout. I'm hooked. This Sunday, I am taking my kids out to Quarry Lakes for a go.
Our office is finishing the sale on two Fremont homes for sale this Friday, so it will be nice to take a well-earned, relaxing break. With two second-timers--I will try to relax as best as I can. Wish us luck.
 Do you love it when a provider "finally" gets it? By provider in this case I mean the Multiple Listing Providers or MLS providers for Alameda and Contra Costa Counties. This month our Alameda and Contra Costa County Bay East Association of Realtors created a shared database with Santa Clara County and many others.
You heard the expression, "less is more?" Well I am happy to report that when I am using a computer to search for homes for sale ion Fremont, more is MORE. Multiple Organization Reciprocal Exchange. Cool? Yes it is.
A while back I wrote about an awesome work around to get new listings from different MLS providers forwarded to me automatically here http://tricityhome.blogspot.com/2010/01/handheld-device-redfin-new-killer-tool.html I still use the work around a lot. In short, I wanted the whole picture. I needed homes for sale in Fremont from brokers everywhere, even those who did not possess a local Alameda Contra Costa MLS subscription. It costs a pretty penny to have one.
Until now, those homes for sale in Fremont from "out of area" brokers would never be seen by a Fremont Realtor in their own Bay East Association of Realtors database. The home for sale in Fremont simply will not show up. I have had the opportunity to begin using the new MORE platform. And, as a result, have been using MORE more. It will take some time getting used to the look and feel of it and its functionality, but I am willing to give it a go.
It has a few minor drawbacks. For example, if I, as a Fremont real estate broker list a home for sale in Fremont using the Bay East Association of Realtors data base, (BEAR), then, if I belong to Santa Clara Association of Realtors (SCCAOR) too, and input the Fremont home for sale there as well, the home will show up twice when it is found in MORE (Multiple Organization Reciprocal Exchange). Is it a big deal? Not really. In fact, the MORE exposure the better right? The puns keep coming.
In closing, I am happy that Realtors in Fremont can tap into, "the whole picture" when helping their clients buy a home in Fremont. http://www.tricityhome.com/
If you are thinking about buying or selling a home in Fremont, Newark or Union City. Or, if you know someone who is, you can take a look and listen to what Jeff Pereyda's observations are.
Naturally, there are many aspects of choosing a good real estate agent in Fremont, Newark and Union City and the slide cast is presenting the idea of choosing a good real estate agent in a unique point of view. You click here if the slide screen is not below http://www.tricityhome.com/podcasts.html
Broker/real estate agent Jeff Pereyda shares his experiences from "behind the desk" and "out in the field."
If you or someone you know has finally decided to buy or sell a home in Fremont, Newark and Union City--See if this helps to choose a god real estate agent.
I wanted to put something together for the would-be Fremont, Newark, Union City home buyer who may not know about short sales and how they affect all of us in some way.
If you have a moment or two, please take a listen to this Slidecast on Short Sales here http://tricityhome.com/podcasts.html and click Short Sale How To.
Pass on any knowledge to those who may not have insight on how to approach these short sales when looking for a Fremont, Newark or Union City home.
Some may recognize the format I use (chalkboard in Powerpoint (tm)), but I re did the audio a little with a change or two.
Thanks for listening.
Driving up to my Fremont real estate office, ( get directions here) I noticed something just a little out of place. I knew about the crane, but it is another thing to see it in action on your way to the office.
Turns out our office needed a new air conditioner. I wonder if my new tenant had anything to do with it. I do not mind a comfortable 70 degree office, but the moment he steps in the Fremont Real Estate office, http://www.tricityhome.com/fremont-office-visit.html he needs to turn the AC on. He says it keeps him focused.
Before you think ill of it. Adam Arant, Attny at Law is my Estate Planning attorney in Fremont. I trust him with--well basically my life. I have referred Adam to other friends and co workers, and they are glad I did. Adam has great ethics which is well needed in the business.
Here are some images of the crane and the AC guy.
Fremont home buyers have changed they way they search for Fremont homes from 10, even 5 years ago. I have been selling Fremont homes since 1999, and I have seen an interesting change in the goings about. Apart from the recent Fremont short sale homes and Fremont REO homes for sale causing havoc, the ease to search real estate in Fremont has never been better, and for all of us searching for these Fremont homes, the Internet has certainly arrived.
Back in '99 you could search for Fremont homes on the Internet using some giant sites. Realtor.com was the biggest real estate search platform for searching Fremont homes for sale. Regardless, now, there are hundreds of sites that do the same thing. Moreover, if you add up all the IDX sites you'll reach perhaps a million.* However, Fremont home buyers having access to this information has created a double edged sword. Fremont home buyers feel empowered as they should, but woe to them who feel that they can fell the heavy shodden feet of the giant. Real estate along with its financing is a huge animal yet to be tamed. Consumers go into the real estate arena sometimes all on their own and come out hurt and discouraged.
There is hope. Many deals fall apart because the financing was not solid. Lenders have a lot of requirements for the soon-to-be home owner, and a short visit to the real estate office was the old way to take care of this mishap. The other reasons for DFT's (deal fell through) are that Fremont short sale buyers get exhausted just waiting to get to the short sale lender approval so they can go ahead and buy the thing. When searching for a Fremont home, you will need to be prepared for a great many things as I will allude to in a bit. This is where I have seen the collaborative take form. Consumers have adapted to the chaos and may have a way to deal with this thorny market.
Here's one example. Judy wants to buy a Fremont home for sale. Judy's parents live in Missouri and will handle most of the financing. Judy also has an uncle who already has a Fremont home who happens to really be handy with fixing things. Judy has Jeff Pereyda at TriCity Real Estate Brokers http://www.tricityhome.com/, a Fremont real estate agent helping with the search for Fremont homes and the contracts for escrow. Just as important, Judy has many friends on facebook who want to help as well. Add all that up and now Judy has multiple laptops, handhelds and iPhones gathering data for one goal--Get Judy a good deal on a Fremont home for sale. By the time we are ready to make an offer, the group could easily have uncovered and dealt with many "Judy exclusive" home buying hurdles. Comparable Fremont home prices, good loan programs, the proximity to her work, traffic flow, the noisy neighbors, the nice neighbors, as well as near by amenities, and "walking scores" are all placed in the working space for the collaborative to come up with an overall score for the home.
I may be overstepping a bit to call it a collaborative, but the pains of buying a Fremont home lately have caused some to form a team and mobilize what resources they have. My job as a Fremont real estate agent is still the same, but I am part of a mobilized, tech savvy group contributing to a project that will benefit all. Seems like a wiki real estate collaborative is the next step. Is there a Google lab for that?
*IDX sites are MLS search sites that run from a remote database mainly designed so Realtors can have visitors search for homes on these Realtor/agent websites without the agents having to carry huge server/data maintenance and all the while providing customers with more flexibility while visiting their agent's site).
The NUMMI Plant here in Fremont has been providing jobs building cars and trucks up until 2010 when it had been decided that after kicking the tires a bit it was time to finally slam the doors shut. No pun intended. The mayor of Fremont, Bob Wasserman, wants Fremont to be a model city in how it chooses to revitalize and reuse the site once shut down. It is part of what is amicably called NUMMI Revitalization and Reuse Plan.
Fremont has hired a study group out of Berkeley called Strategic Economics Inc. to assess the positive impact and other effects revitalization may have on the incisive city of Fremont.
I had received a call into my office TriCity Real Estate Brokers http://www.tricityhome.com from one of the Strategic staff. The Strategic employee was hoping to gain information on what effects the revitalization may have on the housing market in and around Fremont. We set up a telephone interview on September 24th to go over the survey questions. The survey was mainly focused on the the housing impact in and around the Warm Springs area, but also encompassed different areas of Fremont and its surrounding cities.
I have been interviewed several times about housing and the real estate market over the last couple of years, and I usually can give clear, concise answers to the questions. However, once in a while there is that string of information during the interview where I sometimes wonder if I am really helping or if the interviewer is thinking about how to get me back on topic.
In regards to a question intended to gain my opinion on the effect on the housing prices in Warm Springs East of Mission Blvd. (So, Jeff, if BART should build a "multi use" facility around the intended BART station extension, what effect would it have on the housing prices in Warm Springs East of Mission Blvd.)?--I paused. First, Mission Blvd is a long road that covers several different micro markets in real estate. I think she meant down where Mission bends back towards 880 by East Warren, but at that point the homes on the east are really south east. That's when there was that awkward pause on my behalf. Then I started to talk about true east versus south east, then I started yapping about Weibel versus Mission San Jose--Oi! Get back on topic Jeff.
After the interview, and many other questions that were answered in a more succinct fashion, she had mentioned how helpful my input was and that the interview went really smooth. I could only say the next thing that came into mind at that point. The stereotypical reply of, "hope that helps." Argh! Why couldn't I just say, "you're welcome. If you have further questions, please feel free to give me a call."
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Jeff Pereyda Fremont-Newark-Union City Homes for sale
Fremont,
CA
More about me…
TriCity Real Estate Brokers, Inc.
Address: 39111 Paseo Padre Parkway #203, Fremont, CA, 94538
Office Phone: (510) 742-3212
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