It sounds to me like it is a tenant occupied home. Tenants often are at odds with the motivations of the sellers. the other possibility is it is a short sale and the people are under duress and having hard time letting people into see the home because of their current financial situation and sometimes they're just embarrassed about the condition.... more
Hi Sam and thanks for your post.
No Realtor who values his/her license would ever make such a remark to a client regarding ANY area in California--be it East Palo Alto or Saratoga Hills. It's never the agent's position to make "value" judgments on any area, it's demographics, or its safety.
If you are looking for information about crime statistics, then there are a couple great sources. The first is the City of East Palo Alto's police department. Community service officers there can provide you with their impression of the safety of any area within the community, and can cite specifics if you're interested. There is also a great website called www.crimereports.com that lists all of the crime in a specific area. Finally, there's a map overlay of crimes that you can see at www.spotcrime.com. The "spot crime" map provides the exact location of the crime plus, if you run your mouse over the spot, you'll see exactly what occurred in the area. Spotcrime is not "comprehensive"--not all incidents are reported on the map, but the convenient part of this site is knowing exactly "where" the crime occurred.
So check with all three sources to determine how comfortable you are with ANY location in California for safety and for police response.
Grace Morioka, SRES
Area Pro Realty-People's Choice... more
Yes, I do like certain areas in East Palo Alto more than others. I bought my first house in East Palo Alto in 1980 and lived there for 6 years. There is not a dividing line per se as the quality changes more on a street by street basis. Be glad to hep you find a house there if you like.... more
FHA minimum downpayment is 3.5% (not counting closing costs). However, buyers can often ask sellers to pay their closing costs, or a portion of them. I can refer you to a great mortgage broker who can speak with you about your different loan options and get you prequalified. Let me know if I can help!... more
Thanks for your post. Unfortunately, there appears to be only one home in East Palo Alto that is priced under $200,000. This is a 3 bedroom 1 bath home located on Purdue, and which is being sold short. Check www.mlslistings.com for more information on this home.
More importantly, however, if your goal is to rent the home, there are several issues that deserve serious consideration before investing $1 in any investment property. As with any investment--be it stocks, bonds or real estate, the best investors know their market, their target customers (or renters) and the costs to repair and maintain their investment. Check rents in the City of East Palo Alto and confirm what types of homes are commanding rents of $1800-2000 per month. Also, is the average rent within the City $1800-2000 or is it a bit less? Where are the most desirable rental homes located? What is the relative size and what amenities are included in the home? Check school districts and see which districts "net" the best renters and rent because if the home you might purchase is located in a less desirable school district, your rental income will be affected.
Most importantly, be aware that lending practices have changed in recent years, so talk seriously with your mortgage broker before trying to purchase a home. There are now extra fees and requirements when purchasing investment property, including increased downpayment and a slight increase in interest rates.
Know your market and your rental customers well before buying to ensure that your investment works for you. Good luck!!
Grace Morioka, SRES
Area Pro Realty... more