Home Buying in Redwood City>Question Details

Vonnya, Home Buyer in San Francisco, CA

We are considering a property on Adams street, rwc - does anyone know anything about that neighborhood or

Asked by Vonnya, San Francisco, CA Tue Apr 29, 2008

have any advice/comments regarding how tough it might be in the future to sell on a single family home that is on a mixed property street (i.e.small apartment blocks and single family homes)

Help the community by answering this question:

Answers

2
Hi Vonnya,

Adams St. is 1 block off El Camino Real so depending what side of the street you are on, you could back up to an industrial/retail area, which will definitely make it more difficult to sell and lower the price. The same can be said if you are right next to an apartment building and have people looking into your back yard. As with all properties, if you price it right, it will sell. The problem with a street like this is that the price is going to be lower than houses in a more traditional single family neighborhood and probably not appreciate quite as fast.

I would say this is not one of Redwood City's best neighborhood, but not it's worst either. It would be considered a low income area of the peninsula and you will get all that comes with that. You will have to visit it yourself to determine if it is right for you. If you would like some photo's of the house, let me know and I can forward them to you.

I assume you are looking at the one short sale property that is currently for sale on Adams St. Please note that short sales can be difficult. In many instances, the price you see has not been approved by the bank so it is not a guarantee. Some agents low ball the price, knowing it will not be approved, just to get buyers interested. I am not saying that is the case here, buy you should have your agent call the listing agent and get a status before you think about making an offer. Also, the most banks will take 30-60 days to approve the price on a short sale and during that time, other buyers can come in an outbid you. It can be very stressful.

You might want to consider having your agent drive you through areas on the peninsula that have homes in your price range. I have worked with a few couples this year that were relocating and we spent 3hrs driving around the peninsula looking at neighborhoods as opposed to properties. We found this very helpful as it will give you a good fell of the neighborhoods you can afford and help you narrow down your choices. In the long run, this will be a big time saver for you.

Good luck with your home search. Let me know if you need any further information.
1 vote Thank Flag Link Tue Apr 29, 2008
Hello Vonnya, The best suggestion I can give you is that look at the property history and how long its been on the market. Your real estate agent should ask the listing agent about the feedback they have received. Real Estate is not a science, the final decision you make should be something you are going to be comfortable with when you think back in 2, 3 or 10 years and still be okay with . I hope this is helpful. I would also suggest calling the local police department and asking about the neighborhood. Just another option you have as a buyer.
1 vote Thank Flag Link Tue Apr 29, 2008
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer