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East Bay Realty

May 2008 Volume 1, Issue 1

What’s Inside
First Wednesday Street Party kicked off in May
Market Data & Activity 2

Meet Our Team 4 First Event of the summer was Cinco de Mayo-
Faran’s Sold & Pending 6 Pleasanton celebrated Cinco de Mayo as
Current Listings & 7
was planned for First Wednesday Street
Commercial Business Party, the first of the spring and summer sea-
Opportunities son. The popular downtown affair is held on
the first Wednesday of the month through
Bank Owned Properties as 8
Investment
September and is sponsored by the Pleasan-
ton Downtown Association. A beer and wine
What is an REO? 9
garden will be located in the parking lot of
Community Page– 10 Round Table Pizza where music will be play-
Peet's Coffee & Tea ing. A variety of beers and local Livermore
Pleasanton Town Hall 11 Valley wines will be available for purchase.
Meeting
Mark Your Calendar For The Next Event
Featured Listing 12
Wed. June 4th– Night Fever

YtÜtÇ
CEO / Broker
Direct: 925 922-0822
Web: www.HomesByFaran.com
Page 2

Quarterly Market Data Report


Luxury Homes Over $1,500,000
Neighborhood  Bedrooms  Sqft   List Price    Sold Price    $/SqFt  
Happy Valley                
Clubhouse Dr  4  5000   $   1,999,000.00    $   1,835,000.00    $        367.00  
Ohana Place  5  4427   $   1,999,995.00    $   1,850,000.00    $        417.89  
Average Price         $   1,999,497.50    $   1,842,500.00    $        392.45 
 
Foothill                
Laguna Creek Lane/Pheasant Ridge  5  3992   $   1,525,000.00    $   1,425,000.00    $        356.96  
Moss Tree Way  5  4792   $   1,575,000.00    $   1,550,000.00    $        323.46  
Benzon/Preserve  4  3953   $   1,619,000.00    $   1,600,000.00    $        404.76  
Toyon CT/Golden eagle  4  3900   $   1,995,000.00    $   1,950,000.00    $        500.00  
Golden Eagle Way/Golden Eagle  4  4235   $   2,280,000.00    $   2,080,000.00    $        491.15  
Kolb Ranch Drive/Preserve  5  4500   $   2,248,000.00    $   2,191,800.00    $        487.07  
Average Price         $   1,873,666.67    $   1,799,466.67    $        427.23  
Total Listings  6           
 
Ruby Hill                
Via Di Salerno  6  5398   $   2,149,000.00    $   2,000,000.00    $        370.51  
Germano Way  5  4862   $   2,239,000.00    $   2,180,000.00    $        448.38  
Via Di Salerno  5  6647   $   3,499,000.00    $   3,250,000.00    $        488.94  
West Ruby Hill Drive  5  10200   $   6,490,000.00    $   5,494,000.00    $        538.63  
Ovella Way  4  4339   $   1,600,000.00    $   1,600,000.00    $        368.75  
Via Di Salerno  5  4747   $   1,800,000.00    $   1,760,000.00    $        370.76  
Spumante  4  3793   $   1,850,000.00    $   1,740,000.00    $        458.74  
Average Price         $   2,803,857.14    $   2,574,857.14    $        434.96  
 
Castlewood                
Bunker   4  3606   $   1,798,500.00    $   1,638,000.00    $        454.24  
Briones Ct  4  4300   $   1,679,000.00    $   1,595,000.00    $        355.81  
Hearst Drive/Kottinger Ranch  5  3400   $   1,595,000.00    $   1,565,000.00    $        460.29  
Martin Ave/Santa Rita/Mohr  4  3513   $   1,750,000.00    $   1,625,000.00    $        462.57  
Pleasanton Ave/Down town  4  3100   $   1,889,000.00    $   1,790,000.00    $        577.42  
Division Street/Downtown  5  4510   $   1,999,999.00    $   1,975,000.00    $        437.92  
Machado Place/Vineyard  5  6340   $   3,600,000.00    $   2,100,000.00    $        331.23  
Average Price         $   2,085,499.83    $   1,775,000.00    $        437.54  
Page 3

Bay East Association of REALTORS.


Page 4

Zetzer Christian Will Doerlich


Faran Jahan Honardoost Tom Husnick
REALTOR GRI Broker/ Notary
CEO/Broker President Financial Advisor

Rosa Sierra Evelyn Sousou Mary Gonzalez Janna Gonzalez Sujatha Jamwal
REALTOR/ASP REALTOR REALTOR REALTOR REALTOR

Pari Kazerooni Muhammad Moosa


Audrey Faulkner Jill Angel Gayle Colvard
REALTOR REALTOR
REALTOR REALTOR REALTOR

Janice Rubero Mimi Volpe/BillGunn Cheryl Weber


Tiffany Lorraine Mark Nadim
Transaction Coordinator REALTORS International Property Specialist
REALTOR Real Estate
Investment Catalyst

Cassandra Yazdi
REALTOR
Page 5
Page 6 Page 6

Kolb Ranch Estates Kolb Ranch Estates Cascara Oak Manor Estates
Pleasanton Pleasanton Golden Eagle Pleasanton
$2,530,000 Pleasanton
$2,191,800 $2,530,000
$2,530,000
Buyer & Seller Buyer & Seller

Phoenix The Preserve Danville Canyon Meadows


Danville Pleasanton Pleasanton
$2,184,100
$460,000 $1,810,000 $385,000
Bought & Sold
REO & Buyer Buyer Bought & Sold

Curry Street Cardinal Ct.


Pleasanton Castro Valley
$786,000 $1,300,000
Page 7

Kolb Ranch Estates Castlewood Pleasanton Sycamore Bay Meadows


Pleasanton Pleasanton Pleasanton
$1,575,000
$2,498,000 Call For Pricing $515,000

Exclusive Exclusive
Pleasanton Town- Pleasanton
house development Commercial
Opportunity Development
5 & 3 Custom Lots Opportunity
Fairfield Kolb Ranch Estates 4 individual or devel- 32,000 SQ FT
Pleasanton Lots for sale
oper opportunity in
$827,000 Pleasanton Call For Pricing & In-
prime locations of
$948,000—1,600,000 formation
Pleasanton

• Cigars and Tobacco Shop- Pleasanton


Very well established business, Over 400 of Premium Cigars, Full line of Domestic and
Import Cigarettes, Pipes and Tobacco, Gifts Items, Open seven days a week, Seller is
motivated. Price 139,000 + inventory

• Food Mart- Livermore


Ice Cream and Deli, well established in a busy shopping center, close to Down Town
Livermore. Price 190,000 + inventory

• Oriental rug Store


Location; design center Down Town San Francisco, been in business for 30 years Price
150,000
Status DOM City LP BT SqFt BR Bth PB Gar? GarSp YrBlt Acres Lot SqFt
Page 8
1 ACTV 49 LIVERMORE $319,900.00 DE 1042 3 2 0 N 2 1959 0.12 5225
2 ACTV 8 LIVERMORE $335,000.00 DE 832 2 1 0 Y 1 1918 0.11 5000
3 ACTV 16 LIVERMORE $349,900.00 DE 1120 3 1 0 Y 2 1955 0.14 5982
4 ACTV 180 LIVERMORE $354,900.00 DE 1034 3 1 0 Y 1 1951 0.13 5500
5 ACTV 23 LIVERMORE $385,000.00 DE 1292 3 1 Y 1 1953 0.11 5000
6 ACTV 103 LIVERMORE $389,900.00 DE 1400 3 2 0 Y 2 1956 0.13 5682
7 ACTV 55 LIVERMORE $393,900.00 DE 1476 3 1 1 N 0 1956 0.12 5439
8 ACTV 30 LIVERMORE $399,000.00 DE 1400 3 2 0 Y 2 1957 0.16 7112
9 ACTV 77 LIVERMORE $399,900.00 DE 1334 4 2 0 Y 2 1971 0.17 7210
10 ACTV 35 LIVERMORE $399,900.00 DE 0 3 2 N 0 1962 0.13 6032
11 ACTV 42 LIVERMORE $404,900.00 DE 1470 3 2 0 Y 2 1965 0.14 6003
12 ACTV 65 LIVERMORE $409,900.00 DE 1038 3 1 0 Y 2 1953 0.12 5300
13 ACTV 13 LIVERMORE $424,900.00 DE 1186 3 2 0 Y 2 1959 0.14 5990
14 ACTV 77 LIVERMORE $430,000.00 DE 1261 4 2 0 Y 2 1971 0.2 8805
15 ACTV 8 LIVERMORE $430,000.00 DE 1178 3 2 0 Y 2 1982 0.2 8509
16 ACTV 28 LIVERMORE $434,900.00 DE 1248 3 2 0 Y 2 1957 0.13 5800
17 ACTV 16 LIVERMORE $439,900.00 DE 1305 3 2 0 Y 2 1986 0.12 5327
18 ACTV 42 LIVERMORE $440,000.00 DE 1262 3 2 0 Y 2 1983 0.2 8754
19 ACTV 26 LIVERMORE $444,900.00 DE 1706 3 1 1 Y 2 1970 0.18 7741
Bank Owned Properties

20 ACTV 19 LIVERMORE $449,000.00 DE 1321 3 2 0 Y 2 1966 0.15 6348


21 ACTV 43 LIVERMORE $459,900.00 DE 1278 3 2 0 Y 2 1959 0.16 6814
22 ACTV 11 LIVERMORE $469,900.00 DE 1619 4 2 0 Y 2 1966 0.14 6200
23 ACTV 34 LIVERMORE $474,900.00 DE 1554 3 2 0 Y 2 1971 0.14 6000
24 ACTV 79 LIVERMORE $479,900.00 DE 1940 4 2 1 Y 2 1998 0.11 4816
25 ACTV 64 LIVERMORE $485,000.00 DE 1366 3 2 0 Y 2 1968 0.16 7186
26 ACTV 30 LIVERMORE $485,900.00 DE 1200 3 2 0 Y 2 1962 0.14 6000
27 ACTV 33 LIVERMORE $489,900.00 DE 1340 4 3 0 Y 2 1955 0.13 5800
28 ACTV 201 LIVERMORE $494,410.00 DE 1400 3 2 0 Y 2 1956 0.14 6000
29 ACTV 67 LIVERMORE $498,000.00 DE 1342 4 1 1 Y 2 1959 0.16 6960
30 ACTV 181 LIVERMORE $498,100.00 DE 1494 3 2 Y 2 1979 0.15 6500
31 ACTV 79 LIVERMORE $499,900.00 DE 1728 3 2 1 Y 2 1964 0.16 7011
32 ACTV 12 DUBLIN $505,900.00 DE 1246 3 2 0 Y 2 1964 0.15 6600
33 ACTV 13 DUBLIN $509,900.00 DE 1424 3 2 0 Y 2 1961 0.16 6999
34 ACTV 149 LIVERMORE $530,000.00 DE 1671 3 2 0 Y 2 2000 0.15 6570
35 ACTV 27 SAN RAMON $551,000.00 DE 1733 4 3 Y 2 1969 0.16 7000
36 ACTV 117 LIVERMORE $551,000.00 DE 2012 4 3 0 Y 2 1999 0.08 3582
37 ACTV 20 DUBLIN $589,900.00 DE 1679 4 2 1 Y 2 2000 0.06 2613
38 ACTV 23 DUBLIN $611,777.00 DE 2220 5 3 0 Y 2 1964 0.16 7107
39 ACTV 153 LIVERMORE $630,000.00 DE 2274 4 2 1 Y 2 1999 0.19 8450
40 ACTV 65 LIVERMORE $749,900.00 DE 2723 5 3 0 Y 2 2006 0.16 7083
41 ACTV 21 SAN RAMON $779,900.00 DE 2633 5 3 0 Y 2 1997 0.09 4350
42 ACTV 263 DUBLIN $819,900.00 DE 2376 4 3 0 Y 2 2000 0.08 3506
43 ACTV 69 DANVILLE $899,900.00 DE 3148 4 3 1 Y 3 1990 0.16 7013
44 ACTV 9 DUBLIN $994,900.00 DE 3801 5 5 1 Y 3 2006 0.14 6028
45 ACTV 61 DANVILLE $1,075,000.00 DE 3488 4 3 0 Y 3 1993 0.31 13580
46 ACTV 14 SAN RAMON $1,099,900.00 DE 3342 4 2 1 Y 3 2001 0.24 10238
47 ACTV 90 SAN RAMON $1,199,000.00 DE 4176 5 3 1 Y 3 2005 0.27 11615
48 ACTV 11 SAN RAMON $2,030,000.00 DE 6268 5 5 1 Y 3 2004 0.45 19760
49 ACTV 358 DANVILLE $2,495,000.00 DE 6450 5 4 0 Y 4 2007 2.72 118483
50 BOMK 59 LIVERMORE $310,000.00 DE 842 2 1 0 Y 2 1944 0.11 5000
51 BOMK 98 LIVERMORE $358,900.00 DE 1172 3 2 Y 2 1955 0.13 5663
52 BOMK 6 PLEASANTON $649,900.00 DE 1809 4 2 1 Y 2 1969 0.22 9782
53 NEW 1 LIVERMORE $334,900.00 DE 1222 3 2 Y 2 1959 0.13 5510
54 NEW 2 LIVERMORE $394,000.00 DE 1233 3 2 0 Y 2 1971 0.14 6300
55 NEW 1 LIVERMORE $399,900.00 DE 1966 4 2 0 Y 2 1953 0.26 11323
56 NEW 7 DUBLIN $439,900.00 DE 1321 4 2 0 Y 2 1960 0.31 13865
57 NEW 5 LIVERMORE $461,700.00 DE 1331 3 2 0 Y 2 1997 0.11 4995
58 NEW 5 DUBLIN $639,900.00 DE 1843 3 2 1 Y 2 2002 0.07 3150
59 NEW 1 SAN RAMON $650,000.00 DE 1859 3 2 1 Y 2 2006 0.07 3200
Page 9

What is an REO?
Looking for a bargain on a Real estate investment?
A Bank owned property (lender-owned), also sometimes referred to as a REO (real estate owned) home or prop-
erty is often a way to get a good deal on a home or an investment property. You’ve watched the late-night infomer-
cials and you’re ready to do the bank “a favor” and take a problem off their hands. Plus, you expect to make "a
killing" in the process. Sounds great and it might just happen, but first you should take a look at some facts and get
prepared.

• It was an asset of a homeowner now is a liability


• Someone wanted to own it and now Bank is forced to sell it
• Bank Executives are scared of loosing their jobs over these unwanted inventories.

REO vs. Foreclosure An REO (Real Estate Owned) is a property that goes back to the Bank after an unsuccess-
ful foreclosure auction. You see, most foreclosure auctions do not even result in bids. After all, if there was enough
equity in the property to satisfy the loan, the owner would have probably sold the property and paid off the bank.
That is why the property ends up at a foreclosure or trustee sale.
Foreclosure sales begin with a minimum bid that includes the loan balance, any accrued interest, plus attorney's
fees and any costs association with the foreclosure process. In order to bid at a foreclosure auction, you must
have a cashier's check in your hand for the full amount of your bid. If you are the successful bidder, you receive
the property in "as is" condition, which may include someone still living in the property. There may also be other
liens against the property.
Since what is owed to the bank is almost always more than what the property is worth, very few foreclosure auc-
tions result in a successful sale. Then the property "reverts" to the bank. It becomes an REO, or "real estate
owned" property.
REO Properties for Sale The bank now owns the property and the mortgage loan no longer exists. The bank will
handle the eviction, if necessary, and may do some repairs. They will negotiate with the IRS for removal of tax
liens and pay off any homeowner’s association dues. As a purchaser of an REO property, the buyer will receive a
title insurance policy and the opportunity to investigate the property.
A bank owned property might not be a great bargain. Do your homework before making an offer. Make sure that
the price you pay (if you’re successful) is comparable to other homes in the neighborhood. Consider the costs of
renovation, including time to complete them. Don’t get caught up in a ‘bidding war’ and pay over market value. It’s
an old myth that “foreclosures” are a bargain.
How do we select and buy an REO property? Each bank/lender works a little differently, but they all have simi-
lar goals. They want to get the best price possible and have no interest in "dumping" real estate cheaply. Gener-
ally, banks have an entire department set up to manage their REO inventory.

Once you make an offer to purchase, banks generally present a "counter-offer." It may be at a higher price than
you expect, but they have to demonstrate to investors, shareholders and auditors that they attempted to get the
highest price possible. You should plan to counter the counter-offer.
Your offer or counter-offer will probably have to be reviewed and approved by several individuals and companies.
Even once an offer is accepted, the bank may insert wording like “..Subject to corporate approval with 7 days."
We look for properties were bank is not in a strong negotiating position to sell at premium price below market:

• Property has been in their possession more than 30 days


• Property was acquired by homeowner in 200-2006 and foreclosed in 2007
• Second loan position has walked away
• REO agent is eager to get rid of this listing
• Bank is willing to consider 60% to 70% below original loan value of the first position
We work with a group of direct Bank lenders e.g. Countrywide, Well Fargo, B of A, etc. on their books and internal
system we validate ability to secure loan value on these properties
Page 10

High Quality Coffee Meets High Class Living In


Downtown Pleasanton.

Pleasanton finally has a Peet’s Coffee & Tea


now and in a good location!!! Right near the
corner of Hopyard & Valley. A few spots on the
patio and a great place to hangout. Friendly
staff, great location makes this a fantastic ad-
dition in
Pleasanton...

Peet’s Coffee & Tea Now At Bart!

Peet's Coffee & Tea Inc. just


celebrated their first grand opening
in Embarcadero station in San
Francisco this month… A second coffee shop should open in May at Montgomery Street station, Peet's said. Other
stations getting a Peet's shop include Pittsburg/Bay Point, Downtown Berkeley, Civic Center and Daly City. Two
more stations are slated for the kiosks, but haven't been named yet. The shops will sell drinks as well as packages
of coffee." Faran & Her husband Jahan Honardoost among some of their friends in Pleasanton have invested in the
project and participated in the grand opening of the first station.
Page 11

Town Hall meeting was held to look at Pleasanton housing market

A town hall meeting aimed at providing the public with objective, timely and accurate informa-
tion about the residential real estate market in Pleasanton was held on April 30 at the Veterans
Memorial Building on Main Street.
The event was sponsored by the city of Pleasanton, the Pleasanton Weekly, the Pleasanton
Chamber of Commerce and the Bay East Association of Realtors.
"The housing market is in a very fluid state right now and there is a lot of misinformation being
passed to the consumer," said Pleasanton Mayor Jennifer Hosterman. "This town hall meeting
is an opportunity for residents to engage in conversation with real estate experts about the
status of the local market."
Hosterman was lead off a panel of speakers who are active in the real estate and financing pro-
fessions. The panel included:
* Carol Rodoni, president of Bamboo Consulting and a real estate industry expert and consult-
ant who also writes several real estate columns for Bay Area newspapers;
* George Duarte, chairman of the Government Affairs committee of the East Bay chapter of the
California Association of Mortgage Brokers, who also serves as an expert witness in court
cases involving mortgages; and,
* Jacqueline Rickman, Director of the Tri-Valley Housing Opportunity Center, a regional organi-
zation that develops housing and financial literacy programs for low-to-moderate income resi-
dents in the Tri-Valley.
The meeting took place at the Veterans Building at 301 Main Street in downtown Pleasanton.
There have been suggestion on having these meetings on quarterly basis.

Our bodies need the antioxidant


power of Monavie!
Contact Kenneth M. Gwin at (925) 989-0725 or christydroubay@hotmail.com

Contact us to promote your business in our newsletter at not cost!


We pick one business to promote with each newsletter…
Faran Cell: (925) 922-0822 Email: Faran@HomesByFaran.com
Featured Listing

6075 Kolb Ranch Estates

Live in one of the most prestigious neighborhood in


Pleasanton. This beautiful trophy single story custom home
is located in the west side of Pleasanton, is surrounded by
Oak Trees and wild life. Timelessly beautiful, authentically detailed Euro-
pean country exterior home is located on oversized flat lot with use of re-
taining walls. $2,498000 Last Model Home. Available to move in.

Your gift will change lives. Pass it on!


Donate new and unwrapped toys., Stuffed toys must be new with
sales tag attached., The patient population includes many infants
and toddlers. Please avoid toys that have small pieces, sharp pieces
or that fall apart easily. Because of the hospital infection control
policy, stuffed/cloth toys must be new. Please call for additional in-
formation

Pleasanton Times
YtÜtÇ
Windermere East Bay Realty
7031 Koll Center Pkwy
Suite 210
Pleasanton, CA 94566

If your property is listed with another broker, this is not


intended as a solicitation of that listing.
Information is deemed reliable, but not guaranteed.