Newark, CA Real Estate News

By John Juarez, ePRO, SRES, GRI, PMN
(The Medford Real Estate Team)
I have lived in Newark, Ca. since 1976. My wife and I bought a newly constructed home at the end of the Dumbarton Bridge linkage between the mid-Peninsula and Southern Alameda County. We moved from the side of the San Francisco Bay where both of us had been born and raised to the East Bay about which we knew very little. What we did know was that homes in Newark, Fremont, Union City, Hayward, San Leandro, San Lorenzo and all to way to Livermore and Pleasanton were less expensive than comparable homes in Santa Clara County and San Mateo County.And, while the gross numbers have changed, the relative prices have not. Your dollar goes farther in the East Bay.Newark is an old community but a relatively new town if you measure a town’s age by its incorporation date. Newark, Ca. was incorporat...
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By Janki (Hetal) Patel, Team Leader & CEO for The Janki Patel Team
(Legacy Real Estate and Associates)
This Newark home is located on Cedar Blvd, in the Murieta Community. This bright and airy condo has 2 bedrooms and 2 baths.This condo was listed on the market on Friday, September 16. It is measured in 1,071 square feet and is located on the 3rd floor. It has been completely updated in the past months with many new features including a brand new kitchen with stainless steel appliances including electric range, microwave and dishwasher. The kitchen also boasts a newly installed granite countertop and new cabinets.The cozy, open living room features a gas fireplace, lighted ceiling fan and a sliding door out to the freshly-painted balcony. With large bedrooms that have mirrored closets, newly installed wall to wall carpet gives a fresh comfortable feel and the master bathroom has a dual s...
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By Chris Freck, EstaR Mortgage, A Bilingual Brokerage
(EstaR Mortgage)
Rent Payments Can Really Add Up!No matter how much you pay in rent, you might be surprised what it adds up to over the years. Investing your money is a wiser financial choice. With the current home prices and mortgage rates, this is an excellent time to look into buying your own home in Newark, California.Common Concerns of Renters and Homeowners - Advantages and ConsiderationsBUYINGProperty builds equityResponsible for maintenanceTax deductible mortgage interest*Responsible for property taxesFree to change decor and landscapingResponsible for hazard insuranceNot dependent on landlord to maintain propertyRENTINGLandlord is responsiblefor maintenanceNo equity gainsLandlord is responsible forproperty taxesRent payments are not tax deductiblePossibility of evictionNo control over rent incr...
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By Dale Bledsoe, Realtor in Tracy, California
(Crown Key Realty)
I am writing this because it is a great Real Estate story and because it helped to restore my faith in humanity, A Realtor in my office recently took a listing on an expensive and highly desirable property. The home owner had over a half million dollars in equity. The property received multiple offers. The offer that was chosen had No Contingencies. All had been waved by the buyer which made the full price offer even more attractive. When the buyer began inspections a leak under the home revealed a leak and a repair bill of $11,000. The buy said I want the property so I will pay for the repair as I agreed to when the offer was submitted. The home owner said NO! I will pay for the repair because its my house and you shouldn't have to spend your money to repair my house. It was explained ...
Comments 5
By Chris Freck, EstaR Mortgage, A Bilingual Brokerage
(EstaR Mortgage)
VA Mortgage Loans in Newark CA and 100% financing on VA Loans - the best loan program and loan payment in the country! VA Mortgage Loans are one of the best mortgage loan programs available today for active duty and honorably discharged Veterans. Here are some of the main features of this great program: - 100% financing, no down payment required. - Monthly mortgage insurance is not tacked on to your payment. - More lenient credit qualifying standards than other types of mortgage loans. - Low rates compared to other loan programs. Here's how to qualify for a VA Mortgage Loan in Newark CA: You must first verify your eligibility. Eligibility is verified by ordering your Certificate of Eligibility or COE. An approved Newark CA VA loan lender can order your COE for you, or you can contact th...
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By Chris Freck, EstaR Mortgage, A Bilingual Brokerage
(EstaR Mortgage)
VA Mortgage Loans in Newark CA and 100% financing on VA Loans - the best loan program and loan payment in the country! VA Mortgage Loans are one of the best mortgage loan programs available today for active duty and honorably discharged Veterans. Here are some of the main features of this great program: - 100% financing, no down payment required. - Monthly mortgage insurance is not tacked on to your payment. - More lenient credit qualifying standards than other types of mortgage loans. - Low rates compared to other loan programs. Here's how to qualify for a VA Mortgage Loan in Newark CA: You must first verify your eligibility. Eligibility is verified by ordering your Certificate of Eligibility or COE. An approved Newark CA VA loan lender can order your COE for you, or you can contact th...
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By Chris Freck, EstaR Mortgage, A Bilingual Brokerage
(EstaR Mortgage)
VA Mortgage Loans in Newark CA and 100% VA Loans - the best loan program in the country! VA Mortgage Loans are one of the best mortgage loan programs available today for active duty and honorably discharged Veterans. Here are some of the great features of this fantastic program: - Up to 100% financing, with no down required. - No monthly mortgage insurance added to your payment. - Compared to other types of mortgage loans, easier credit-qualifying requirements. - Low fixed mortgage rates result in a low monthly payment. Here's how to qualify for a VA Mortgage Loan in Newark CA: You must first verify your eligibility. This is done by ordering your Certificate of Eligibility or COE. You can work with an approved Newark CA VA mortgage loan lender to order your COE quickly, or you can conta...
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By Chris Freck, EstaR Mortgage, A Bilingual Brokerage
(EstaR Mortgage)
VA Mortgage Loans in Newark California and 100% VA Loans - the best loan program in the country! Designed for both active duty military and honorable discharged Veterans, VA Mortgage Loans are one of the best mortgage loan programs available today. Here are some of the main features of this great program: - Up to 100% financing, with no down required. - No monthly mortgage insurance added to your payment. - Compared to other types of mortgage loans, easier credit-qualifying requirements. - Low fixed mortgage rates result in a low monthly payment.   Here's how to qualify for a VA Mortgage Loan in Newark California: You must first verify your eligibility. This is done by ordering your Certificate of Eligibility or COE. A Newark California VA loan lender can order your COE quickly for you,...
Comments 0
By Chris Freck, EstaR Mortgage, A Bilingual Brokerage
(EstaR Mortgage)
VA Mortgage Loans in Newark California and 100% Alameda County VA Loans - the best loan program in California! Designed for both active duty military and honorable discharged Veterans, VA Mortgage Loans are one of the best mortgage loan programs available today. Here are some of the great features of this fantastic program: - Zero Down Payment, 100% financing. - No monthly mortgage insurance. - Compared to other types of mortgage loans, easier credit-qualifying requirements. - Low fixed mortgage rates result in a low monthly payment.   Here's how to qualify for a VA Mortgage Loan in Newark California: First of all, you must verify your eligibility. You can verify eligibility by ordering your Certificate of Eligibility or COE. An approved Newark California VA loan lender can order your C...
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By Chris Freck, EstaR Mortgage, A Bilingual Brokerage
(EstaR Mortgage)
VA Mortgage Loans in Newark California and 100% financing on VA Loans - the best loan program and loan payment in the country! VA Mortgage Loans are one of the best mortgage loan programs available today for active duty and honorably discharged Veterans. Here are some of the main features of this great program: - 100% financing, no down payment required. - Monthly mortgage insurance is not tacked on to your payment. - More lenient credit qualifying standards than other types of mortgage loans. - Low rates compared to other loan programs.   Here's how to qualify for a VA Mortgage Loan in Newark California: You must first verify your eligibility. Eligibility is verified by ordering your Certificate of Eligibility or COE. An approved Alameda County VA loan lender can order your COE for you...
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By John Juarez, ePRO, SRES, GRI, PMN
(The Medford Real Estate Team)
 The market report for Newark, Ca. for 11-30-12 is that there is not much about which to report. Sure, houses are selling. They are selling so fast that they don’t stay on the market long enough for many buyers to even find them. Buyers are frustrated! Limited viewings. Short offer deadlines. Limited inventory. Multiple offers. Everything is combining to make a challenging market for buyer and an incredible opportunity for realistic sellers. Realistic – because badly priced properties will still languish until properly priced.     What a difference a year makes. In 2011 there were numerous houses for sale with lots of REOs and lots of shorts sales. Now…nada! Zilch! At least it seems that way.   Prices have been rising but are still far below the levels we saw a few years ago. Houses are...
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By John Juarez, ePRO, SRES, GRI, PMN
(The Medford Real Estate Team)
Once again, the League of Volunteers is serving Thanksgiving Dinner at the Newark Pavilion for those who might otherwise be spending the day alone or simply do not have the resources to enjoy the bounty that so many of us take for granted on this day of gustatory overindulgence. LOV – League of Volunteers – estimates that they may serve as many as 5,000 meals today. Not only will LOV be serving those who attend the meal served at the Newark Pavilion but volunteers will also provide Thanksgiving meals for homebound diners.                 League of Volunteers serves the Tri Cities area of Southern Alameda County and reaches out to some Hayward areas, also. HAVE A WONDERFUL THANKSGIVING  
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By John Juarez, ePRO, SRES, GRI, PMN
(The Medford Real Estate Team)
  Inventory continues to decline in Newark, Ca. A year ago there were plenty of houses for sale and average or lower interest from buyers. The market was more or less in balance. If anything, the market may have been leaning towards a buyers’ market.   In March the Newark market turned around. Buyers decided to buy but inventory had dropped drastically. Since then inventory has continued to be very low and has been getting lower. At the same time, demand by buyers has remained strong. The result: multiple offers and rising prices in the Newark real estate market.        Many Newark buyers are frustrated and understandably so. The real estate market is very challenging for Newark buyers. Cash is king! VA and FHA buyers are hard pressed to be successful. Low ball offers garner sneers and ...
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By John Juarez, ePRO, SRES, GRI, PMN
(The Medford Real Estate Team)
The massive and powerful killer storm Sandy left widespread damage, flooding, fires, destruction and death in her wake. It will be a while before the victims dig out, rebuild and return to normalcy…if ever.   While we have heard appeals for money and goods to help the victims that is another way that you can donate. You can give blood!                                                                                                      The storm also interrupted the everyday blood drives and donations at collection centers in the impacted areas. There will be a severe shortage of blood. Some surgeries will be postponed. Routine blood transfusions can’t be routine if there is not an ample supply of blood for those in need.   Have you donated blood lately? Ever? You may be eligible to give...
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By John Juarez, ePRO, SRES, GRI, PMN
(The Medford Real Estate Team)
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 that he heard that it is a buyers’ market. NO! WRONG! With very little inventory and strong buyer demand it is very strong sellers’ market for residential real estate in Newark and all around the San Francisco Bay Area.
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By Mike Young, FHA 203k Consultant 916-758-1809
(203kOnLine.com, covering the USA)
I’m a home inspector, why do I need to know about the 203k? There are several good answers to that. Every home inspector has been accused of “killing the deal” at one time or another and it just isn’t true. The home inspector is hired to discover whatever they can to “inform the borrower” so they go into the transaction with their eyes wide open. In any case they never kill a deal, the deal just becomes a 203k loan. I did an inspection for a 203k loan refinance and room addition in which I discovered some foundation issues and when I pointed them out to the borrower who had purchased the home about a year ago. He had a home inspection and when we looked at it found that the inspector had called the foundation “typical” and it clearly wasn’t “typical” it had failed. Did that inspector do...
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By John Juarez, ePRO, SRES, GRI, PMN
(The Medford Real Estate Team)
Why is this turkey so thankful in Newark, Ca? Well…I don’t know if this is a guy or a girl…I have no clue when it comes to turkeys.   He is thankful because he is wild and free. Today is Thanksgiving. He could be in the center of my table surrounded by mashed potatoes, cranberries, pumpkin pie and filled with stuffing.                                          Truth is: I took this picture in August in Newark. The turkey was in my neighbor’s front yard. I guess he was rooting around for a meal with no care or worry about becoming a meal himself.                                                      Wild turkeys are not the first thing that homeowners or their Realtors think about in Newark. Newark is located, literally, circumscribed by Fremont, next to the lower San Francisco Bay. We see...
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By John Juarez, ePRO, SRES, GRI, PMN
(The Medford Real Estate Team)
I went down to the shopping center at the intersection of Jarvis Ave. and Newark Blvd. to get my hair cut. I drove into the lot by Dino’s Grill                                    and what should I find but collection of cars from members of the Classic Cruisers car club.      The car owners gather every Friday evening at Dino’s for dinner and to enjoy each other's company. These car guys are a special breed. One guy told me that he owned his Model A Ford over twenty years.               He has had it apart and put it back together again at least a half-dozen times. He is still working on it. He will probably go to his grave working on it. Some of the cars – from the 1960’s – take me back to my own high school daze.     It was an unexpected treat to see the guys with their ladies and the...
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At the May 18th banquet at the Newark Hilton Hotel the coveted Viola Blythe Volunteer of the Year Award was given to Tim Jones for his volunteer work with the city's Graffiti Abatement Team. Tim wages an ongoing battle against blight, vandalism and tagging in the City of Newark. Thanks, Tim. And thanks to the other award recipients: Steve Francis - Senior Award; Victor Verdugo - Youth Award; and the Newark Teen Advisory Group - Group Award. These selfless folks who labor to make Newark a better community deserve the respect and thanks of all of us. Yes! Thanks for all you do!
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By John Juarez, ePRO, SRES, GRI, PMN
(The Medford Real Estate Team)
Newark, California, has the distinction of having the mayor who has the longest tenure of any mayor in California. After 33 years, Dave Smith has announced that he is not going to run for another term this coming November. Smith was elected mayor when Jerry Brown was the Governor of California. Wait! Jerry Brown is Governor - not still -  but again. Proposition 13 had been passed by the voters of California when Dave first came into office. The controls on unbridled property tax growth made it a challenging time for the new mayor as well as for cities, counties and state government. It is another sign of déjà vu that the City of Newark, like so many California cities, counties and the State, itself, are facing daunting budget challenges once again. Dave Smith will be missed. As a golfer...
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Newark, CA Real Estate Professionals