Fremont Real Estate Blog

Sunil Sethi | SUNIL SETHI REAL ESTATE | 510-200-0505 2508 Begonia St, Union City, CA Modern 4BR/2BA - Single Story Home Near Quarry Lake Park in Union City - OH 4BR/2BA Single Family House offered at $499,950 Year Built 1971 Sq Footage 1,544 Bedrooms 4 Bathrooms 2 full, 0 partial Floors 1 Parking 2 Car garage Lot Size 6,720 sqft HOA/Maint $0 per month DESCRIPTION Regular Sale –(Not a REO or Short Sale) Modern Living. New kitchen and bath cabinets. Granite kitchen countertops with back splash. Newer windows & doors, New carpets, mirrored closet doors. Recessed lights, ceiling fans. New interior paint. Tile in BAs. Fantastic location, close to Union city BART, easy access to Dumbarton and Hwy 880. Quiet street. Easy walk/bike to Quarry lakes regional park, Mayflower Dim Sum restaurant, Safeway, Marina Foods. Open House May 1-2 from 2-4pm. see additional photos below

Home Maintenance Tip Keep Cool this Summer with Preventative Maintenance Here are a few things that most homeowners can do themselves to help maintain their air conditioner: Ensure the filter is clean and/or replaced regularly. Disposable filters are inexpensive and should be replaced once per month during periods of high usage. Trim back plants so there is at least one foot of clearance around the A/C unit - this will allow proper air flow and prevent motor strain. Sand and other debris can get sucked into the condenser coils. To clean the coils, first disconnect the power to the A/C and then use a garden hose to spray the coils. Have an annual maintenance inspection performed by a professional HVAC Technician. Condenser - Check pressure, oil the motor bearings, tighten all hardware, check current electrical draw, and visually inspect wiring and condenser coils. Air Handler/Evaporator - Visually inspect wiri

Pass to me by C.A.R. -sunil Starting today, renovations that disturb lead-based paint in older residential dwellings and child-occupied facilities must generally comply with the Lead-Based Paint Renovation Rule of the Environmental Protection Agency (EPA).  REALTORS® acting as listing agents or property managers who advise their clients to perform renovations, repairs, or painting projects for such properties may, as a matter of prudence, also want to inform them about these lead renovation requirements.  One common example is when a listing agent recommends that a seller has a home painted to improve its marketability. Under the newly implemented rule, renovators of target housing built before 1978 must now be trained and EPA-certified to perform safe work practices to prevent lead contamination.  Additionally, renovators must deliver EPA's lead renovation pamphlet to an occupant within 60 days before a project begins (and, if mailed, at least seven days before a project

Sunil Sethi | SUNIL SETHI REAL ESTATE | 510-200-0505 4620 Balboa Way, Fremont, CA Single Story, Cute remodeled 2/1 in Fremont 2BR/1BA Townhouse offered at $180,000 Year Built 1969 Sq Footage 910 Bedrooms 2 Bathrooms 1 full, 0 partial Floors 1 Parking 1 Covered spaces Lot Size 1,290 sqft HOA/Maint $253 per month DESCRIPTION Regular Sale - (not REO or Short sale) Recently remodeled kitchen counter, lighting, bathroom cabinet, lights, and flooring. Offers modern living with easy access to Hwy 880 or BART. Just bring your furniture and enjoy! Fantastic location, close to Union city BART, easy access to Dumbarton and Hwy 880. HOA is $253 and includes common area maintenance, hot water, exterior maintenance, hazard insurance, management fee reserves and water/sewer. Unit includes 1 assigned covered and 1 assigned uncovered parking spots. Also guest parking is easy. 1st showing: Sat, April 24, 2-4pm

NO MORE STATE TAX ON FORGIVEN DEBT Distressed homeowners no longer have to pay California state income tax on debt forgiven in a short sale, foreclosure, or loan modification.  Enacted into law yesterday, Senate Bill 401 generally aligns California's tax treatment of mortgage debt relief income with federal law.  For debt forgiven on a loan secured by a "qualified principal residence," borrowers will now be exempt from both federal and state income tax consequences.  The existing federal exemption is for indebtedness up to $2 million, whereas the new California exemption is for indebtedness up to $800,000 and forgiven debt up to $500,000. "Qualified principal residence" indebtedness is defined as debt incurred in acquiring, constructing, or substantially improving a principal residence.  It includes both first and second trust deeds.  It also includes a refinance loan to the extent the funds were used to payoff a previous loan that would have qualified.

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Thanks Jay. Spring Cleaning: Tax Records You Can Throw Away  

From FTB’s website on their new Home buying Tax Credits for Californians.   CA.GOV | 2010 Tax Credit for New Home / First-Time Buyer (If you are looking for more information regarding the 2009 New Home Credit, see FTB Publication 3528, New Home Credit , or search using the “Forms & Publications” tab above.) Important Update (04/07/10): The 2010 New Home Credit and First-Time Buyer Credit begins May 1, 2010. The New Home / First-Time Buyer Credits are available only for purchases that close escrow on or after May 1, 2010.  Applying for the 2010 New Home/First-Time Buyer tax credits:  Applications must be faxed after escrow closes. The new application will be available by May 1, 2010.  We will deny the application if the 2009 form is used or if we receive the 2010 application before May 1, 2010. Check this page often. We will add updates as they become available. General Information : These tax credits are available for taxpayers who purchase a qu

  Since April 10th is the weekend, the last day to pay your second installment of your property tax will be Monday, April 12 .      

Post Office recycles electronics Next time you’re in the post office, ask the postal clerk for an envelope to recycle your cell phones, PDAs, MP3 players, ink jet cartridges, digital cameras, and small electronics. The post office provides this free service, and all you have to do is peel the label of this 6-inch by 5.5-inch envelope and drop in your mail box.     What a great service. That’s free to use.   -sunil

Freddie to Auction REO Homes to First-Time Homebuyers Unlike a traditional foreclosure auction, this will give 1st time home buyers an opportunity to buy homes at a foreclosure auction but with a mortgage. The 1st two events take place in Southern California (Inland Empire) and Las Vegas. check it out. -sunil

Can you believe this is even an option? If FHA is really allowing such a thing, it should be shut down and management should be prosecuted. ATTENTION REAL ESTATE PROFESSIONALS! We have niche programs that will help you close more transactions: 1 Day Out-of-Short Sale - FHA Financing - Standard FHA Financing with 3.5% Down Required. - No Reserves Required - No Minimum FICO (But must have been current on previous home loan) FHA Access - Only 1/2% Down Payment* - No Reserves Required - No Minimum FICO - California Only Conventional Financing with up to 10 properties - Second Home and Non-Owner Occupied Financing - Purchase 1 Unit = 75% LTV - Purchase 2 – 4 Units = 70% LTV FHA $100 Down - HUD REO Properties Only - No Minimum FICO - California Only FHA Good Neighbor Next Door - HUD REO Properties Only - For Selected Professionals (i.e. Police, Firefighters, Teachers, EMT's, etc) - No Minimum FICO - HUD Offers up to 50% discount off list price - $100 down and closing costs financed