Los Gatos is Silicon Valley’s gateway to the Santa Cruz Mountains and the Santa Cruz coast beyond. Of 124 homes currently on the market in Los Gatos, only two are bank-owned foreclosures. Here is this
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Los Gatos is one of the premium residential locations in southern Silicon Valley. It’s freeway close to just about everything and it’s the gateway to the Santa Cruz Mountains and coastal Santa Cruz,
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Hi Mani,
Los Gatos schools are the reason. We have rental properties in Los Gatos and families are willing to pay as high as $6,500 for rent because of the schools.
Eager_first_buyer
I met Henry Dvorkan who is a 90 years old Real Estate investors, coach and author in a Conference on buying Notes. He actually wrote the book on buying Mortgage Notes which is worth reading.
He gave me an amazing advice during our lunch which I still try to use to keep deals alive. What he told me what the if one party in the deal will NOT move on PRICE, then the other party has to be allowed to dictate the terms.
If the seller is not willing to move from say $1.4M price, then you should agree on this price, but under your terms where you can pay him a $800,000 now and the rest in 5 years. And if you are convinced the property will appreciate by remodeling it or sheer force of appreciation; then you might want to offer him MORE to keep the deal alive.
It was amazing on how many examples he had on using this technique to accomplish difficult deal.
Good luck and keep us posted if this works for you since I can write to Henry and thank him as well.... more
I 2nd Michelle's input on the Los Gatos Mountain life style. We have friends who have lived in the Mountain for 20 years and now that they have moved closer to "civilization" they can not believe they put up with the nasty commute!
Granted everyone claims it's only 5 miles to downtown los gatos, but that 5 miles typically will take you 30 minutes since some roads are very narrow and hard to navigate. You also, need to consider additional costs and maintenance of heating w Propane, potential need for a pump for your water and a septic tank for sewer.
We have learned that it's not for everyone since we have friend who are sorry they have ever bought there. But there are also amazing people we have met who would never live anywhere else but the mountains.... more
Last week I was working from home when an ADT sales rep knocked on the door of our Los Gatos home and claimed that there had been a break-in on OUR block of street! Â Sensing that this could be a sales
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Christina,
We manage properties in Los Gatos and one should be available late August. We have another property in Los Gaots which has 7 bedrooms and 4 bath with a separate studio which can be used as an office. Both properties will be remodeled and the 7 bedroom unit won't be available till May 2013.
The fact remains that due to very high demand by families with kids who desire Los Gatos schools, very little inventory remains on the market long enough.
Another suggestion for you might be to keep an eye on Craigs List where private owners might be listing their properties for rent in Los Gatos.... more
Los Gatos is Silicon Valley’s gateway to the Santa Cruz Mountains and the Santa Cruz coast beyond. Of 119 homes currently on the market in Los Gatos, only three are bank-owned foreclosures. Here is
Read more
Los Gatos is one of the premium residential locations in southern Silicon Valley. It’s freeway close to just about everything and it’s the gateway to the Santa Cruz Mountains and coastal Santa Cruz,
Read more
There is one addition to the list this week and none from last week’s list were sold. Of 117 homes currently on the market in Los Gatos, only 4 are bank-owned foreclosures. Here is this week’s list
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Los Gatos is one of the premium residential locations in southern Silicon Valley. It’s freeway close to just about everything and it’s the gateway to the Santa Cruz Mountains and coastal Santa Cruz,
Read more
August,
There are some good suggestions here, but the interesting wrinkle here is the vineyard where there could be potential commercial income to the homeowner. Are you entitled to the wine grapes that's harvested off your land? Who has the option to use the land comes with the home and are you getting paid to offer them this option?
See, if the property has potential for commercial income, then the value of the home has to be related to that income as well. I would want to know how much acreage this purchase entitles you and what the potential income from that land would be.
As for the structure itself there are different methods of valuing an incomplete home by using the cost per sqft that routinely published online and in the local papers. You can also gets comps for the completed home and then make adjustments on what's left to be done.... more
You have great taste -- it is a nice area. There are some homes now on the market in this neighborhood if you are still interested. Let me know if you would like me to show them to you!
Did you ever hear the old "saw" location, location, location!
Well there's another old saw that goes; "supply and demand"
There is no mysterious force or some mefarious plot;
the answer is that a lot of people want to live there!... more
Los Gatos is one of the premium residential locations in southern Silicon Valley. It’s freeway close to just about everything and it’s the gateway to the Santa Cruz Mountains and coastal Santa Cruz,
Read more
Los Gatos is located in southern Silicon Valley, just south of San Jose. It’s freeway close to just about everything and the gateway to the Santa Cruz Mountains and coastal Santa Cruz, less than 30
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Hello! We own two homes in the Los Gatos mountains and wouldn't live anywhere else. We are currently selling one of these homes so come take a look if you like. We love the peace and serenity of the mountains, yet easy commute access of our homes. We enjoy wild life too. We have two children who have grown up in these mountains.... more
Los Gatos is located in southern Silicon Valley, just south of San Jose. It’s freeway close to just about everything and the gateway to the Santa Cruz Mountains and coastal Santa Cruz, less than 30
Read more
Los Gatos is one of the premium residential locations in southern Silicon Valley. Los Gatos is freeway close to just about everything and it’s the gateway to the Santa Cruz Mountains and coastal Santa
Read more