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Market Conditions in Saratoga : Real Estate Advice

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  • Local Info4
  • Home Buying39
  • Home Selling2
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Activity 7
Fri Mar 28, 2014
Mike David Hammill answered:
Hi Suzette,

This home is currently not for sale, but there is a home right next door for sale at $2,699,000.

I grew up in Saratoga, it is a great area. The schools score very highly, in the high 900's. If you would like information on Exclusive listings that are coming on the market soon, feel free and contact me.

The listings nearby is 15492 Monte Vista Drive, which is a 3,000 sq. ft. house that has a big yard and a pool.
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Wed Feb 5, 2014
Grace Hanamoto answered:
Hey Sheila!!

Give me a call and I will help you out! It would be great to see you again! Yes, I am a Realtor! Thanks!

Grace
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Mon Aug 12, 2013
Cindy Davis answered:
You didn't ask a specific question - I'd love to help you - please give me a call at 619-379-8616
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Mon Dec 10, 2012
Edith Karoline Jasser answered:
There could be all kinds of reasons why a home is on the market for longer than one would like.
Mostly it is the asking price when compared to properties recently sold or currently on the market.
Sometimes it is the style of the property itself, like 2 story versus one story ranch, size of home,
and the market in that particular area, some areas are very active and some are not for a variety of
different reasons. And when the price range is in the upper bracket, the buyers are looking for a lot of
very specific amenities, may be even lot size, and great inside finishes...

But I am guessing here because I do not know the home or the specific area in which it is located.
A local Realtor from the area would potentially have a much better feeling for it and can back it up
with a good CMA. If you are in the market to buy, you should definitely work with a personal Buyers Agent, all that is required from you is commitment and loyalty to that one Realtor, if you need a
recommendation get back to us and we gladly pass one on to you.


Hope this helps...

Most Sincerely yours,
Edith YourRealtor4Life and your Chicago and Northern Illinois and RElocation Expert
Working always in the very BEST interest of her clients at @Properties North Shore
Edith speaks French, German, Spanish & more
Get to know Edith and her Service her website is
http://tinyurl.com/YourRealtor4Life
EdithDoesItRight@yahoo.com
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Wed Jul 15, 2009
Zhuoming Zang answered:
The core thing is about loan. It is really harder to get a loan over $729K. Jumbo loan's rate is pretty high.
In current market, the properties's price under $750, there lots of buyers on the market. But over it, there are much less buyers. In Saratoga, if property is located at Saratoga union scholl DR, it might be betetr than campbell union DR. For buyer, it might a good timing to find a right house at the right price. Besure the loan has no problem first. ... more
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Sun Feb 10, 2008
Bl answered:
Tue Jan 22, 2008
Jennifer Kretschmer, AIA answered:
Hi Ananya,
I'm an architect in San Jose and I specialize in single family residential homes.
Your first answer from Dave is spot on for Saratoga construction costs per square foot. You can expect a higher cost per square footage because it is a location where homeowners expect high end finishes. But, the overall cost will depend on the design of the home and as Terri mentioned things like how many stories, the foundation type, etc. Is the property a flat site or a sloped site? Is there a home there now that will need to be scraped? Have there been any soils testing?
Time is another factor that is tied to the overall cost of the project. To build a completely new home in Saratoga of that size could take anywhere from 2 to 4 years (from the day to hire the architect to move in) depending on the complexity. You will be required to get a design approval which I would recommend is acquired before you spend money on completing construction documents (drawings).
A town like Saratoga will expect you to hire a licensed architect. They frown upon not having qualified individuals design and create construction documents for the home. I had a client in Saratoga come to me after they had spent nearly $20,000 on worthless drawings because the city would not approve the "ugly" house that they had planned to build that an unlicensed individual had created for them. Not only was the house unattractive, but the design was supposed to save them money by keeping some original portions of the house. However, the "designer" didn't know enough about structural engineering and building codes and if that home had been built, so much of the original home would have to be demolished that it would have been a very expensive ugly house.
So the cost of an architect with structural engineering, city permits and fees will likely run anywhere from 10%-20% of the construction cost.
If you have any other questions that you would like to discuss in private, you may call me at my office (see my website listed below). You can find other local architects by contacting the local chapter of the American Institute of Architects @ www.aiascv.org.
Good Luck, Jennifer Kretschmer, AIA
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