Home Buying in Dublin>Question Details

Sumit, Home Buyer in San Jose, CA

Shold I buy a new home in Dublin for more than $850K

Asked by Sumit, San Jose, CA Thu Jun 13, 2013

We are considering a home by Standard Pacific, priced at almost $850K for 2350 sq. ft. It has a decent backyard and the location and direction are what we want. Schools are good. On the negative side, the driveway is smaller (one car sideways) and the basic features of Standard pacific are not very good, so we would have to spend some money on upgrades. We would also not have a built-in microwave. Besides the cost, is it a concern to not have a built-in microwave?

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I think Lennar is a good builder... i checked out the new construction by Lennar in Dublin & thought it was a good build. Negatives, i didn't like the floor plan so much & the community was too tight for me. Also the HOA was 220...seems too high!!

You should consider other places which has some backyard for that price...

Standard Pacific is a very good builder but not having backyard is like living in a condo.....think again...

Since you asked this question in June.....were you able to finalize on any property in Dublin area??
0 votes Thank Flag Link Mon Sep 23, 2013
All, Thanks for the responses. I am past the concerns about not having a built in microwave. Any comments about "everything included" by Lennar? Are they good builders?
0 votes Thank Flag Link Sun Jun 16, 2013
Sumit,

You have laid out the some pros and cons as you see them and you are asking someone else to suggest whether you should buy or not.

Really?

Are you in such a quandary with your decision that you would value the opinion of those who have not seen your contract, have not seen the house and do not really know the whole picture including your – and your family’s personal likes and dislikes?

We can tell you that Dublin is a fine community. We can tell you that Standard Pacific builds a good product. We can tell you the homes in Dublin are likely to appreciate in the years to come.

We cannot tell you whether you should buy or not. That is a decision that you and your family must and will make.
0 votes Thank Flag Link Sun Jun 16, 2013
Hi Summit,

Your primary question has been answered quite well.

Regarding your reply to Sally below: "Honestly, will a realtor have any negotiating power in this market?"

There's little doubt we are in a strong Seller's Market. So, at this time, anyone walking into a Builder's Office is going to have very little price negotiating power (your Realtor® may provide you a commission credit for upgrades).

However, there are significant questions/details when buying from a Builder and you may prefer to have your own Realtor® in your corner to protect your interests and guide you through the mounds of documents that are very different than typical existing home sale. See:

"Why You Do Need a Realtor® When Buying From a Builder"
http://docs.Steven-Anthony.com/BuilderRealtorAgent.pdf

Oh yes, and if you think you are saving $$ by not involving a Realtor® make sure you check out the bottom of page 5.

You also might have some interest in this Trulia post: http://tinyurl.com/n84uh4a

-Steve
0 votes Thank Flag Link Fri Jun 14, 2013
Not a concern about the microwave, but are there other options in dublin for almost $900,000? possibly. but Dublin is a great community, with great schools, BART, one of the best commute locations, a well-run city, and lower taxes. Several sales recently have been over $2million, so your investment should be as secure as anywhere else. Just verify that what you are getting is better than what is already out there...
0 votes Thank Flag Link Thu Jun 13, 2013
Have you discussed these questions with your realtor?

If I recall, you asked this question before whether a house in this location is worth $850K, and you received great answers.

Only you can decide whether or not this is the right decision for you.
Do you WANT the house?
Can you AFFORD the house?
How much are you willing to spend for the house?
Do you have comparable market analysis to show you what the home's market value is?
Are some of the concerns you raised enough to make you think twice?
Does this seem like the right house for you?
How long have you searched for a home?
How many offers have you written but didn't get it?
Do you think if you wrote an offer on this, that your offer will be accepted?

Again...where and who is your realtor? If you don't have one, perhaps you should engage someone to help you since you seem to have some uneasiness about the buying process.

Good luck.
0 votes Thank Flag Link Thu Jun 13, 2013
I wouldn't be too concerned about a microwave. This is not a huge selling feature. I would say you need to look at your own personal wants/needs and see if this is a good fit for you. Nobody here can give you a definite answer on whether you should or shouldn't buy this home. If it's in your price range, and you love the house, then buy it. If you're not crazy about it, and the cost of the upgrades are too much, then maybe you need to rethink it.

Also...are you working with a REALTOR? If not, you should be. A Realtor CAN help you in the purchase of new construction homes. In fact, they may even help get that price negotiated down, or at least have some options thrown in for that price.

Good luck!

Sally Grenier
http://www.searchwithsally.com
0 votes Thank Flag Link Thu Jun 13, 2013
Honestly, will a realtor have any negotiating power in this market? That's fact is off base.
Flag Thu Jun 13, 2013
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