Jc, Home Buyer in San Jose, CA

Can anyone share their views about the Southpointe neighborhood in El Dorado Hills ?

Asked by Jc, San Jose, CA Tue Dec 30, 2008

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We have lived Next to Southpoint for dozens of years, and the access to Folsom Lake is unsurpassed..
Consider the Full-Spectrum.
Ask yourself these questions to help you decide whether you’re ready for a home that’s larger or in a more desirable location. If you answer yes to most of the questions, it’s a sign that you may be ready to move.


1. Have you built substantial equity in your current home? Look at your annual mortgage statement or call your lender to find out. Usually, you don’t build up much equity in the first few years of your mortgage, as monthly payments are mostly interest, but if you’ve owned your home for five or more years, you may have significant, unrealized gains.

2. Has your income or financial situation improved? If you’re making more money, you may be able to afford higher mortgage payments.

3. Have you outgrown your neighborhood? The neighborhood you pick for your first home might not be the same neighborhood you want to settle down in for good. For example, you may have realized that you’d like to be closer to your job or live in a better school district.

4. Are there reasons why you can’t remodel or add on? Sometimes you can create a bigger home by adding a new room or building up. If you’re simply not interested in remodeling, then moving to a bigger home may be your best option.

5. Are you comfortable moving in the current housing market? If your market is slow, finding a buyer may take longer, but you’ll have more selection and better pricing as you seek your new home.

6. Are interest rates attractive? A low rate not only helps you buy a larger home, but also makes it easier to find a buyer. There are still down payment assistance programs available to help First Time buyers buy your home.

7. Can you afford a Higher Mortgage Payment? The fact is with housing prices and interests dropping, you may be able to have a larger home with a similar payment to what you have now.


If you've answered Yes to the majority of these questions, your next step is to talk to a lender and find out what you can qualify for. A Realtor typically has Mortgage lenders they can refer you to. After a Pre-qualification, talk to a Realtor about what larger homes in your desired area are selling for to determine if you can make a move up now. This information is usually offered Free.

Author: Jill Berni, Realtor/Broker

Oak Tree Real estate Services
0 votes Thank Flag Link Mon Jul 30, 2012
JC - Southpointe is a neighborhood of upscale, million dollar homes with incredible views of Folsom Lake and the South Fork of the American River as well as the Sacramento City lights and Sierras. There are many families that live in Southpointe that enjoy the great schools and recreation activities our area has to offer. We are close to Lake Tahoe, Sacramento and we are a very active community that offers lots to do!
0 votes Thank Flag Link Sat Jan 10, 2009
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