Posted by: Meena Gujral | November 3, 2008

Is it a good time to sell in Fremont? Will the conforming limit change help?

Sold sign with keys

I am in the Fremont area and I can certainly see that the market is picking up in most areas of Fremont unlike Hayward, Newark and Union City which are still very slow in comparision.

One of my listings in Fremont in the Cabrillo area sold at the first open house within 6 days of being listed with two offers. It was priced at market value. As a matter of fact there were two houses listed on the same street that were priced below my listing.

It is important that your agent price the home correctly, not necessarily the lowest in the area, but looks at the sold homes in the last 2-3 months and of course, the condition and upgrades in the property and prices it accordingly.

You also need to see who can give you good web presence since internet exposure is more important now than ever before.

And last but not the least, make sure the house is in the best condition possible so buyers will without a doubt want to buy your home when compared to all the homes on the market.

We do not know how the market is going to be in the future, and we do not want to rush you into selling by saying now is the best time to sell. All I can say is that things are starting to happen in Fremont and if you are also thinking of buying a house, it may be good for you on that end since you will be able to negotiate a good price there depending on where you are moving to.

I had sellers last year who told me they wanted a certain price for their home in 2007 which was higher than what I had advised or they would wait till 2008 to sell since they felt they were not getting enough. Well, guess what? Their home lost further in value and now I am negotiating a short sale with the bank or it will go into foreclosure.

The conforming rate as well as the Feds rate cuts should help in the market picking up. It is just a matter of time.

Meena Gujral
Help-U-Sell Achievers Realty
Fremont
Ca. 94539
510-279-9580

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