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Home Buying in Fremont : Real Estate Advice

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  • Local Info65
  • Home Buying480
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Activity 769
Ws Homeowner, Real Estate Pro in Sunol, CA
Fri Aug 1, 2014
Ws Homeowner answered:
If you want a comparison that might help, you can see how Glenmoor stacks up by going to spotcrime.com. Unfortunately, burglaries I would say are fairly common here in Fremont. We are surrounded by two freeways, dual-earning parents (home empty during the day), poor folks from East Palo Alto and East Bay are attracted to the 'goodies' in our homes.

An alarm system, locked gates, deadbolts, video camera, and secured sliding doors will keep most of these ***holes away and they will find easier targets. Oh, yes a family dog is another great prevention technique.

A little sad but this is the society in which we live.
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Scott Godzyk, Real Estate Pro in Manchester, NH
Tue Jul 29, 2014
Scott Godzyk answered:
It is always recommended when a buyer purchases a home it is free and clear of occupants and belongings. If you close and they remain, they become tenants. No matter what the lease, rental agreement or contract states, if they stay you have to go through eviction to get them out in most states. Contact a lawyer and get advice for your specific state laws so you can have first hand info,. ... more
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Ali Qureshi, Real Estate Pro in Pleasanton, CA
Sun Jul 27, 2014
Ali Qureshi answered:
For this reason, It is always recommended to perform all inspections before you purchase a house.
0 votes 5 answers Share Flag
Terri Vellios, Real Estate Pro in Campbell, CA
Fri Jul 25, 2014
Terri Vellios answered:
I just answered this in your other question.

You really need to run your actual numbers through a lender. Then once you know what you can qualify for in a loan then sit down with a trusted Real Estate Advisor for a strategy meeting. Your goals and qualifications need to work together. ... more
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subaradha18, Home Buyer in Fremont, CA
Fri Jul 25, 2014
subaradha18 asked:
I am looking for buying a house and i am really confused about the schools when it comes to making a decision. We saw one house near the school Oliveira Elementary in Fremont,CA and another…
0 votes 0 Answers Share Flag
Ali Qureshi, Real Estate Pro in Pleasanton, CA
Fri Jul 25, 2014
Ali Qureshi answered:
Market is different. There is no best or worst time to buy. Buy when you feel the time is right for you.
0 votes 9 answers Share Flag
Ali Qureshi, Real Estate Pro in Pleasanton, CA
Thu Jul 24, 2014
Ali Qureshi answered:
What did you end up doing? I am sure you had made a good decision.
0 votes 5 answers Share Flag
Ali Qureshi, Real Estate Pro in Pleasanton, CA
Thu Jul 24, 2014
Ali Qureshi answered:
I answer this question almost on a daily basis. If you were commuting from Dublin to south bay commute would be a major challenge. Considering you will be commuting to fremont which is roughly a 25 min commute maybe a bit longer during rush hours, it is still not bad!

Fremont is a school driven market and properties are priced accordingly. On the other hand, over all Dublin has a great school district. Many buyers in your situation choose Dublin for all the reasons you have mentioned.
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Robert Lei, Real Estate Pro in Cupertino, CA
Sat Jul 19, 2014
Robert Lei answered:
Prices in Silicon Valley always seem high when compared to other parts of the country. I remember when people thought prices were out of control when we had to pay $200,000 for a single-family home in Cupertino's Rancho Rinconada. Prices went higher and higher, then when the downturn hit, it still didn't go back down to $200,000. Real estate is better than stocks in that it is a real asset which you can live and sleep in and there is a limited amount of land available and more people are born everyday so the growth in demand outstrips the growth in supply. ... more
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Robert Lei, Real Estate Pro in Cupertino, CA
Fri Jul 18, 2014
Robert Lei answered:
I hope you bought lots of property during the downturn. Based on the date of your question, you were one of the early people to jump right in. Sounds like you must have benefitted handsomely. ... more
0 votes 11 answers Share Flag
Robert Lei, Real Estate Pro in Cupertino, CA
Fri Jul 18, 2014
Robert Lei answered:
Yes, it is a good strategy to buy in a good school district if you think you might sell in just 5-7 years. Properties in good school districts tend to keep their value better if we happen to see a down market and rebound the quickest and highest in an up market.

For Fremont Mission San Jose School District, you should be careful to buy only properties that are safely near the center of the attendance zones. In the past, Fremont has had some issues with having to redraw the lines due to overcrowding.
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Ali Qureshi, Real Estate Pro in Pleasanton, CA
Thu Jul 17, 2014
Ali Qureshi answered:
Hello Kiran,

You are on a great platform to connect with some great agents. There is plenty of land opportunities to build. What price range are you looking at?
0 votes 6 answers Share Flag
Aar Bee, Home Buyer in Fremont, CA
Sun Jun 29, 2014
Aar Bee answered:
I finally moved to Gilroy in 2012 and I found that it was an excellent decision. Not only did I find a huge house at half the price in Fremont, it was a brand NEW house. 2700 Sq Ft two story 5 bedroom 3 bath house for 500K! Commute is not bad either. It takes me 40 mintues while going to work and about 1 hour while coming back. Would be about the same if I bought in ardenwood area in Fremont...
I am glad I made this move.
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0 votes 10 answers Share Flag
Claudia Mull…, Real Estate Pro in Fremont, CA
Thu Jun 12, 2014
Claudia Muller answered:
Over $417k is considered a High Balance conventional mortgage.
The interest rate will be slightly higher than the $417k traditional conventional mortgage.
Both mortgages are sold to Fannie Mae and Freddie Mac.
Jumbo loans (in the Bay Area) are loans in excess of $625k.
These loans are sold to various investors that do exclude Fannie and Freddie.
Thelse loans do not always have higher interest rates. There are some lenders who offer very agresive pricing for these loans.
Where Jumbo loans differ from conventional is in the underwriting process:

-jumbo loans require manual underwriting
-lower debt ratios allowed 43% vs. 45%
-6 months of PITI must remain in accounts when close
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0 votes 12 answers Share Flag
Claudia Mull…, Real Estate Pro in Fremont, CA
Tue May 27, 2014
Claudia Muller answered:
RG: I am a lender right here in Fremont. We ar located right by the Fremont BART station.


I would be happy to sit and discuss the details and options that you both have in front of you.
You can switch jobs in the middle of your transaction, if you want, as long as you let me know that you have switched jobs and you provide an offer letter and a current paycheck stub from the new employer.

Lets touch base. Claudia
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Derek Jones, Real Estate Pro in Fair Oaks, CA
Wed May 21, 2014
Derek Jones answered:
You can search foreclosed homes here and on many other sites. To make sure the listings are still available I would recommend contacting a Realtor in your area to send you an updated list of homes for your area. ... more
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Huey Nguyen, Real Estate Pro in San Jose, CA
Wed May 7, 2014
Huey Nguyen answered:
Hi Sherri Eggleston,

Yes, after the short sale has been approved, your loan would proceed as if it were a regular sales transaction. Your loan officer will be able to give you more information on when to lock the interest rate/etc. due to the potentially long short sale process.

I have completed 50+ short sale transactions as a seller's and buyer's agent. Please contact me if you have any questions about the short sale process. I would also be happy to forward your information to some of my colleagues who are loan officers at the top of their field and handle all types of transactions.

Best wishes to you,



Huey Nguyen
Direct: 408-219-9776
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0 votes 6 answers Share Flag
Dan Tabit, Real Estate Pro in Issaquah, WA
Fri May 2, 2014
Dan Tabit answered:
Gaurav,
Generally, during litigation lenders are not inclined to initiate new loans for condos. Once the matter is settled, financing returns to normal. When financing is essentially cut off, interest in the complex dries up and buyers with cash will know this and drive hard bargains.
It's a difficult position to be in, so I would encourage active participate in the meetings to discuss the pros & cons of pursuing the builder. If a settlement can be reached quickly, it may not accomplish everything the association may want, but for individuals hoping to sell it can make all the difference.
I went through this a couple years ago with a condo I sold and it did hurt for a while, but values are returning and I see work taking place in the complex every time I go by.
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1 vote 1 answer Share Flag
Anna M Brocco, Real Estate Pro in Williston Park, NY
Mon Apr 28, 2014
Anna M Brocco answered:
Why entertain what other people think or say, another's opinion may not be anywhere near the best thing for you...
1 vote 1 answer Share Flag
Ws Homeowner, Real Estate Pro in Sunol, CA
Sun Apr 20, 2014
Ws Homeowner answered:
bhimanakhila,

5-7 years is a bit of a gamble if you are just buying a house for capital gain. If you buy in Mission San Jose, I would not worry too much but still as we have seen, disaster comes from many places and not having time to recoup puts you at a higher risk.

If you were saving for retirement, would you have all your assets in the stock market if you knew you were retiring in 5-7 years? It comes down to personal ability to take risk vs potential reward.
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