California Bay Area has a rise in foreclosures. With the rise in Bay Area foreclosures comes a lot of scams from people trying to take advantage of home sellers. Beware and don’t let the bottom feeders take advantage of you! View California Bay Area foreclosures here

legitimate sources to help foreclosure sellers with foreclosures.

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Looking to purchase a home in Fremont California. City of Fremont has great home loan opportunities for buyers. Currently, the city offers down payment assistance program up to $40,000.
Buyers who qualify must attend a 2 hour special workshop. The next work shop will be held 4/21/09 from 3:00-5:00pm.

Eligibility

If you can answer “Yes” to the following six questions, you may be eligible to participate in the First Time Homebuyer Programs sponsored by the City of Fremont.

• Can you certify that you have not owned a home in the last three calendar years?
• Do you currently live or work in the City of Fremont? If not, have you previously lived in Fremont but continue to maintain significant ties to the City? (Supporting documentation for prior residency required)
• Will you be able to secure a mortgage? (Your credit is good and you are ready to buy!)
• Are you able to complete the mandatory First Time Homebuyer Workshop? (2 hours)
• Will you purchase a home in Fremont?
• Do you meet the income guidelines?

To find out the income guidelines contact 510-793-1700 or email Sandi@Bay Area-Homes.com

Wow, Sandi Ohms, Fremont real estate broker say the increase in home sales in Fremont California over the last month has increased and prices seem to have leveled off. The Bay Area home sales market has reached a point that it makes sense to buy a Fremont Calif home rather than rent. Rental values have increased in the Bay Area Ca over the past few years. If a home buyer takes into account the tax deduction, home prices have dropped in value enough so it has leveled off enough that it does not make sense to buy not rent. Check out Bay Area CA home prices at Http://www.BayArea-Homes.com

Many buyers have the misconception that they can purchase homes hundreds of thousands below the asking price. The news media has created this misconception. Homes have dropped in value in Fremont CA including real estate in the California Bay Area, but, the drop is reflected in the asking price. Many short sale and foreclosure transactions, the asking price is so low that the actual sales price is above the asking price. Again, there are great deals to be had in the Calif Bay Area the deals are already some what reflected in the asking price. There is wiggle room but not hundreds of thousands like the news media suggests. Review the below statistics that show listing price, sold price and the difference between the two. Information was taken between 11/08 and 03-09 in Fremont CA. Price range 380,000-625,000

ASKING PRICE….. SOLD….. PRICE DIFFERENCE
382,900………….. 450,000……..+67,100
449,900 …………..453,500……….+3,600
449,900 …………..472,200……..+22,100
451,000 …………..456,000………..+5000
459,900 ……………460,000……….+1000
464,900 ……………490,000……..+25,100
469,950 ……………460,000………. -9,950
474,900 ……………455,000…….. -19,900
489,900 ……………492,500 ……….+2,600
499,888 ……………480,000…….. -19,888
499,950 ……………490,000………. -9,950
509,900 ……………517,500………. +7,600
525,000 ……………530,000………. +5,000
525,000 ……………573,000…….. +48,000
529,999 ……………505,000…….. -24,999
534,900 ……………507,000…….. -27,900
537,000 ……………530,000………. -7000
539,900 ……………524,900……….-15,000
549,000 ……………573,009……….+24,000
546,000 ……………495,000……….-54,000
549,000 ……………545,000……….. -4,000
554,900 ……………561,000………..+6,100
559,900 ……………550,000……….. -9,900
565,000 ……………560,000……….. -5,000
569,000 ……………563,000……….. -6,000
569,900 ……………570,000…………. +100
570,000 ……………571,000 ……….+1,000
589,950 ……………562,000 ………-27,950
599,800 ……………610,000……….+10,200
599,888 ……………615,000………. +15,112
625,000 ……………590,000………. -35,000

All data collected from BEAR in Bay Area Ca

It has been suggested from some that Obama’s budget proposal would include a reduction in interest rate deduction for people earning $250,000 per year.

As a Bay Area Real Estate Broker, I think this is a horrible idea especially In Fremont California and surrounding cities. (more…)

As a veteran Realtor in Fremont Ca and the Bay Area, many people have asked my opinion about how far the housing market will drop.

I, Sandi Ohms, Real Estate Broker since 1979, believe housing is in Fremont Ca and the surrounding citites are selling what they were in 2001-2002. Rentals however have increased. the market will level out when the cost of a rental is close to the cost of a mortgage minus the tax deduction home purchases create. We are approaching this point and I seen home values in the Bay Area level somewhat. to view home prices in the Bay Area vistit Http://www.BayArea-Homes.com