Home Buying in Milpitas>Question Details

Dee, Home Buyer in Los Gatos, CA

Is is possible to buy a 3bd home/condo/townhome for under 300K in the bay area?

Asked by Dee, Los Gatos, CA Mon Jan 13, 2014

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10
In Santa Clara county? No. Sorry.

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1 vote Thank Flag Link Mon Jan 13, 2014
That depends on the quality that you are looking for.
0 votes Thank Flag Link Tue Jan 21, 2014
If you mean the Greater Bay Area, yes. If you mean Santa Clara County, there are only 2 (both in San Jose); 1 is a short sale and 1 a regular sale.

3181 SHOFNER PLACE $299,000 3 1 (1/0) 941 435 Sqft San Jose 3
1515 LOCHNER DRIVE $249,999 3 2 (1/1) 1,000 4,100 Sqft.

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0 votes Thank Flag Link Fri Jan 17, 2014
Hi Dee,

In Santa Clara County, currently there are 2 short sale under 300K and 1 regular sale. Its very difficult to find a 3 Bed under 300K in Santa Clara county.
There are more houses under 300K in Alameda county and Contra Costa County.

Good Luck!

Milpitas Resident,
Priya Viswa | Broker/Owner
DRE# 01918424 | Cell: 408.707.8170 | Fax: 408.550.1834
NErealty@priyaviswa.com | http://www.priyaviswa.com
0 votes Thank Flag Link Fri Jan 17, 2014
Very likely depending on the property condition and location.
0 votes Thank Flag Link Mon Jan 13, 2014
Yes, most probably you can. The location may be a compromise but it will be up to you to judge.
Web Reference: http://talisrealestate.com
0 votes Thank Flag Link Mon Jan 13, 2014
Absolutely! I found over 70 properties in San Jose at or below $300k. There are probably a dozen more priced above $300k that could be negotiated down. It might take a lot of looking and a willingness to do some work on the property, but they're there.
0 votes Thank Flag Link Mon Jan 13, 2014
In certain areas. Let me know if you need help finding one.

Alex Greer
Loan Officer
NMLS #1056079
http://www.TheMortgageOutlet.com

408-352-5147
AGreer@TheMortgageOutlet.com
0 votes Thank Flag Link Mon Jan 13, 2014
As far as I know, it's not going to be possible unless you're willing to consider East Palo Alto, East San Jose, or East Oakland. Sometimes, one will come up in one of those areas. Elsewhere, even homes in rough condition will go for around $400K to start.
Web Reference: http://www.archershomes.com
0 votes Thank Flag Link Mon Jan 13, 2014
Hello Dee,
The simple answer is yes. Give us some more information about your situation and we can be more specific in our suggestions. For example, are you a 1st time homebuyer? If so there are several special low down payment mortgage programs you might qualify for.
Bill
0 votes Thank Flag Link Mon Jan 13, 2014
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