Hi Ms. Judge,
The answer to this question is 2 fold. First I would say that if you have found a Property that you like I would put an offer on the property and try to get into contract with the sellers. With inventory so low a properties selling at an accelerated rate just getting an accepted offer can be a problem.
Secondly, once in contract use the timelines stated in the Purchase Contract for the Property Contingencies to research this question. As a licensed Realtors, we are not qualified to advise you on such matters other than help guide you to someone who is a specialist in that field.
Always remember that at the end of the day it's you that must be satisfied, if not than cancel the contract.
First of all, depends on where you work if you are and commute;
Peninsula is very convenient to commute to San Francisco and San Jose, East Bay and Half Moon Bay as there are al the freeways easy access - 101, 280, 92.
And all yours other criterias are also there - good schools, nice view, quality unique home (not development), close to BART, great for raising a family.
Let me know if I can help you anyhow in locating your next home