Home Buying in Willow Glen>Question Details

W. H. B., Other/Just Looking in Willow Glen, San Jose,...

Is it realistic for a first time buyer with approved $320,000 and $45,000 down, to find a home in Willow Glen CA?

Asked by W. H. B., Willow Glen, San Jose, CA Mon Mar 15, 2010

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Hi W.H.B.

As a Willow Glen RE Specialist, I would say that it's possible. You will not be able to find a perfect home. With a $320K purchase price you will be buying a single family home in pretty rough shape. You may be able to find an older townhome/condo in basic shape. You may want to consider the neighboring areas such as Cambrian, Rosemary Gardens, North SJ. Again, the house you purchase for under $350K will not be in move-in condition, or in the best area of WG.

Good luck

Sara Greenwood
0 votes Thank Flag Link Mon Mar 15, 2010
If you need to be in "Willow Glen" you should be able to get a townhouse or condo for $320k or less but it will likely be only 1 or 2 bedroom. Now if you are $320k PLUS your $45k down payment putting you at $365k, you may be able to get a single family home but it will likely need work and may only be 2 bedroom / 1 bath and not generous on the square footage. Go to http://www.mlslistings.com and input zip code 95125 and you can see what pricing is in that area.
0 votes Thank Flag Link Mon Mar 15, 2010
Good morning W.H.B.,

Your price range has a number of options to consider. Willow Glen is a great choice, great walk scores and cool downtown village feel. I added a link below to show you the choices you do have there.

Although not your SFH 'single family home' option, you can make compromises to still take advantage of the area.

Blossom Valley is the area Terri and Erica are speaking of which offers a different experience.

Compare both options and decide which compromises are the best choice for you!

Michael
http://LosGatosHomesandRealEstateBlog.com
Web Reference: http://bit.ly/a7aZA1
0 votes Thank Flag Link Mon Mar 15, 2010
Your best bet would probably be Hamilton place. I actually know of a pre-approved short sale for 360,000. Otherwise your looking at homes that need quite a bit of TLC. If you absolutely want a single family residence I would suggest checking out south san jose.
0 votes Thank Flag Link Mon Mar 15, 2010
W -

As far as single family home the choices are few and mostly fixer uppers on the East border of Willow Glen (east of 87).

There are several condos options. Alma Terrace - walking distance to downtown Willow Glen.
There are several options in the Oak Hill complexes. Most are short sales but the prices continue to come down and these are newer. Unfortunately, the neighborhood sits on the hill above the cemetery and some buyers do not like the location.

Another option would be Hamilton Place. Border of Willow Glen but also near the Los Gatos Creek trail, downtown Campbell and the Pruneyard. There are several units available here.

The price range really restricts what you are able to afford but as others have mentioned there are options in other neighborhoods. I would also look at some of the units downtown and along The Alameda.

Cj
Web Reference: http://www.TalkToCJ.com
0 votes Thank Flag Link Mon Mar 15, 2010
There is an area right next to "Willow Glen" that borders downtown and an area in Willow Glen that borders 95123, so you could be in the outskirts of Willow Glen with a single family home that may need some TLC. If you are driving in on Bird off of 280, look to the left, Virginia, those streets move into more affordable streets but you can call it Willow Glen if you would like -- most people who live in those streets call it Willow Glen but technically it starts to become the edges of the "downtown" area.

Also as you move out towards Auto Mall Parkway in 95123 you are moving into more affordable areas.

And, you can get a nice townhouse at your price point. The first step would be to get a good loan approval because most sellers would prefer 20 percent down. So you need a very strong loan officer who will call the listing agent on your behalf and vouch for you.

Erica

EricaNelsonEstates@gmail.com
Keller Williams Silicon Valley
408-416-7090
http://www.EricaNelsonEstates.com
0 votes Thank Flag Link Mon Mar 15, 2010
Are you talking about a single family home? That would be $365,000. No. Possibly south San Jose.
Web Reference: http://www.terrivellios.com
0 votes Thank Flag Link Mon Mar 15, 2010
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