Andrea Davis

Martin:

I agree with almost everything Susan said, although I do feel that REO's offer an important value. My only concern with Short Sales are that they can extend the period your client (buyer) is waiting for confirmation of an accepted offer. Rather then a response in a week in some of the more extreme cases a buyer can wait up to 30 days to hear whether or not the lender will approve the sales amount.

This creates frustration for a buyer who is anxious to preceed with their loan application and give notice to their current landlord, or even worse if they have a house of their own which is either sold or pending.

In both cases Short Sale & REO the buyer typically is buying the property AS IS, and inspections are often at the cost of the buyer. In REO many banks are agreeable to paying closing costs, where in a Short Sale that burden would be the seller's responsibilty and they obviously are not likely to afford those benefits.

As a wrap up - the buyer needs to be informed about the pros and cons to both avenues of purchase, and it must always be the buyers decision which way to proceed.

Best,
Andrea - Sat May 10 2008, 07:30

Joy: Fremont Unified re-draws the line for school so frequently - the only way you can be 100% sure is to call the District Office (510) 657-2350, the department which handles it is call Maintenance. All you have to do is give them the addresses you are considering and they can tell you which schools they fall into.
Good Luck,
Andrea@aDreamRealtor.com - Fri May 9 2008, 08:21

What are the details of this property and price? - Tue May 6 2008, 17:56

Dear Jack:

You must have been burned bad, that or completely ignorant - I am guessing badly burned and how unfortunate for you've taken an entire profession of people and slandered them and justified your comments by measure of a good education.

Pretty hard to reason with someone who inspite of a 'good education' is so limited in sight.

Good Luck! - Sun May 4 2008, 16:18

ABSOLUTELY - I completely believe that NOW is a wonderful, in fact excellent time to consider a home purchase in Fremont. During the past month numbers increased in Fremont - sales and pending. Here is something to consider - some people are thinking that the longer they wait the better, because things are likely to continue to drop - well although it's true NO ONE can or should guarantee that the market will not continue to self correct and thus reflect in lower prices the truth is - that you will never know when the market has hit the bottom until it's already on it's climb up. So the difference between now and the end of the year may not actually amount to enough when you consider the result. As housing becomes more and more attractive to buyers - particularly first time buyers who can take advantage of many excellent loan programs the competion to buy isn't stricly between which house, but it becomes who can take action the quickest.

This is my suggestion IMMEDIATELY begin conversations with a licensed Real Estate Professional, next know exactly what you can spend by being Pre-Approved. Then refine your goals for your home, location, size, age, condition etc.

When you've reached this point you'll know for sure if NOW is right for you - or if you should off. But to abritrially decide to hold off now expecting the market to slide or worsen may NOT be in your best interest.

Good luck, please call me if I can be of any help.
Andrea Davis
(925) 824-4801- www.4SaleFremont.com - Sat Mar 29 2008, 14:53

Jo - Hi - a number of homes come up on the MLS today (about 34) which could possibly fit your criteria. Any chance you can call me so that I can narrow the field for you. I would be happy to email those properties which are a fit for your goals and objectives.

Best,
Andrea Davis
(925) 824-4801 - Mon Apr 21 2008, 13:05