Yes, with FHA that is your best opportunity.
Keller Williams Realty
Right behind this house there is an area called "The Capes" with a lot of streets that start with Cape. It runs bigger homes, more square footage, newer than up the hill towards Piedmont Hills High.
I also like some of the new homes near Milpitas Great Mall, have you checked those out? There is some new construction near Landess/Capital that's pretty interesting and feeds to Milpitas schools.
You can look up the school scores and demographics here: http://www.GreatSchools.org. Call Berryessa Union School District to find out the feeder elementary for this new complex. Vinci Park has risen in test scores a lot over the last few years.
This home will feed to Independence High. I keep talking about schools because if you look long term at re-sale, quite frequently the quality of the schools will play a role in the value of the homes.
Many of the questions you are asking are opinion based questions, like how the area feels. I will say that I have shown many people homes in that area and they like it, the area, very much. Easy access to the freeway, schools, etc. all seem to point to it being a very good location.
I wish you all the best in your home search.
Q: Can anyone advise on the neighborhood. How it feels? What kind of people live there?
A: Overall, as stated by Monica, Realtors are prohibited by law from telling you whether or not any specific neighborhood is safe. Itâ€™s called â€œsteeringâ€ and we are prohibited by our code of ethics and federal law from providing such information. Here are a couple posts that explain more:
NO STEERING ALLOWED: 3 Important Facts To Know As A Buyer
Donâ€™t Get â€˜Steeredâ€™ in the Wrong Direction
However, we CAN tell you where to go to get information. In your case, for crime statistics, go to the following sites:
Q: If you have any opinion on the value of a new home vs. old in the area (as a potential resale in the future), that would also be very helpful.
A: It depends on the market when you sell. Overall, new homes hold their value well. However, new homes also have smaller lots (if any) and some buyers will always hold out for a more traditional, older home with larger lots.
I consider that to be a very desirable neighborhood.
I have found that the best way to tell if a neighborhood is one that you will like is to knock on a few doors of the neighbors and ask them what they like about the neighborhood and if there is anything that they do not like about the neighborhood.
With respect to value, a new home will generally have greater value on resale than an older home.
I recommend that you bring your agent with you when you visit the property and the neighborhood around the property..
Charles Butterfield MBA
Real Estate Broker/REALTOR
Cell Phone: (408)509-6218
Email Address: email@example.com
By law, the realtors are not allowed to steer a buyer towards any particular neighborhood, thus we can not tell you if this is a good neighborhood. There are a few things you can do to check the area,
- one go to crimereports.com to research on the crime rate.
-Two visit the neighborhood, drive around to form your opinion
-talk to the neighbors and get their feedback
-identify your route, not only it will show your travel time/pattern, it will also show the type of neighborhood you will be driving thru.
I have seen that new construction, its new and upcoming. It is true that markets in Sunnyvale, Cupertino etc are extremely competitive. Without knowing your budget its hard to suggest the area. I think Pepper lane starts in 500's, you can do a search limited by price and see what comes up in your desired areas.
Good luck with your purchase