Home Buying in Almaden>Question Details

Sk, Home Buyer in San Jose, CA

i like a house in almedan valley , it is on a corner lot of a cul- de- sac, the front of the house is on the

Asked by Sk, San Jose, CA Mon Apr 21, 2008

cul-de-sac but one side is on a street . i am not sure is how busy this street is and right across this street is the elementary school . the schools in this area are good. I like the house, its a perfect fit for us in floor plan and price bu all i am worried about id the street

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5
Hi SK,
Buying in Almaden has always been a good investment, but you have to consider the amount of traffic the side street will generate. Without knowing exactly which home it is, it is difficult to give you accurate advise. For example, our firm just sold the home on Crest Oak Ct, which is across from Los Alamitos. This home had started on the market at $919k, and ended up dropping to $799k before going sale pending. This home took 94 days to sell.
It is to your benefit to work with a realtor who is familiar with the neighborhood. I work & live in Almaden, so when I sell this area, I am able to give my clients accurate counsel regarding various issues & benefits of the area. Keep in mind that overall, Almaden has not had as much of a hit in prices as other regions. So if you see a home that is a "deal", think about it. But there are trade offs if you want to buy into an area that otherwise may be unaffordable.
Other than that, it is a wonderful place to live. I absolutely love living here, and so do my Almaden clients and all my neighbors!
Happy house hunting,
Linda Baker
Web Reference: http://www.LindaBaker.net
1 vote Thank Flag Link Mon Apr 21, 2008
SK,
The school across the street does bring in extra traffic and noise. Where is the parking lot and the playgrounds of the school relative to this home you're interested in? The answer to this question will determine the level of traffic and noise you'll have. During the week the traffic is pretty much limited to an hour in the morning and an hour in the afternoons. There maybe some activities during the weekend as well. You need to go by the house in different times of the day and see for yourself if this is something you can live with.
Hope this helps!
1 vote Thank Flag Link Mon Apr 21, 2008
Hi SK,

The best thing I can recommend is that you go to the street at different times of the day and see for yourself how busy it really gets. I wish that I had done that when I moved to where I live now. We moved before I went into real estate and our realtor only met us on the weekends when it wasn't busy. The upside is that it inspired me to become a realtor. The downside is that I live on a busier street than I anticipated. Let me know if you have another questions. Best of luck!
0 votes Thank Flag Link Wed Apr 23, 2008
Hi SK,
There are several ways to look at your question. From strictly an investment standpoint, it is preferable to buy a home inside the neighborhood than on or next to a busy street. I can show you many examples of homes on or next to a busy street like Redmond, Meridian, or Camden that take forever to sell, no matter whether it is a sellers market or a buyers market.
Then there is the pragmatic side of this equation. Look at your goals, both short & long term. I could never recommend you to buy more house (price-wise) than you would feel comfortable fitting in your monthly budget. Only you know your lifestyle, future potential for raises, bonuses, etc. I know everytime I have bought a house, it has felt like a real stretch. But in today's financial climate, I would be remiss to have you stretch to the point where you have severely limited your ability to also enjoy life, and meet all other financial obligations.
There are several other neighborhoods in San Jose that offer very good schools with a lower price point than Almaden. While I do not know what your goals are, or the reasons to look just at Almaden, I would also suggest that depending on where you are in your life, your next home may only be a 5 to 10 yr home. And I would rather you purchase a home that will have a good future resale value because of a good location relative to neighborhood, etc, than one on a busy street in Almaden. I believe your future value in the home will be much more to stay away from the busy street.
Of course, I am not trying to talk you out of Almaden. I am just trying to keep you from becoming a statistic, one of the many folks who are currenly struggling with house payments, and losing their homes to short sales & foreclosures.
If you would like to discuss this more, feel free to give me a call - 408.712.3432.
Happy House Hunting,
Linda
Web Reference: http://LindaBaker.net
0 votes Thank Flag Link Mon Apr 21, 2008
Hi Linda,
I had seen the Creast oak house and the one on butterfly dr both were corner houses but the one i am talking about is much like the crest oak one, i am worried after seeing the big drop on it's price. Should we just stretch our budget and look for a house in the inner plot but stretching our budget will bring us to an uncomfortable zone of monthly installments.
sk
0 votes Thank Flag Link Mon Apr 21, 2008
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