Hi Arlene, look for similar ads to see what they are charging. Here on Trulia there is a new Rent section as well as Craigslist, Mercury News and other on-line sources. The rents asking on other homes in Palo Alto will give you an idea of today's rental market in your area.... more
Since you got no answers from the experts, I am going to provide you an answer based on my knowledge (as a homeowner who has tried to learn about city building department's rules).
To get an inlaw unit, without kitchen, you can use a grandfathered in unit. But to get a kitchen, your property needs to be zoned as R2. Most residential lots are zoned R1 which means there can be only one kitchen on the property.
You might want to walk in Planning Dept. People there will provide you with information although they do come across arrogant and condescending.... more
Have you tried to contact the current mortgage holder to see what they would offer you? Also, do you belong to a credit union, if so sometimes they may have something to offer. I9;ve never heard of zero cost as their will be some title and recording fees associated with it along with appraisal.
You are complicating this unnecessarily:
Whether two properties are next door or down the block makes no diff.
You should enlist that help of a local Realtor, trust them, and let them do the work for you.
It happens, but not often after the home inspection renegotiation is over. You can always say NO and hope they don't walk away from their earnest money deposit. What was the reason given to you for wanting a lower price?... more
Yes, it happens. You can say NO and see if they walk away. Some buyers think all sellers are desperate to sell at any price and they try stuff like this. Say NO now and maybe a better buyer will come along.... more
It depends how far you want to be from Stanford and what price range you are looking for. Unfortunately a lot of the housing immediately surrounding Stanford is reserved for Stanford faculty. But the next best area would be the College Terrace (South part of the campus), Evergreen Park (South East of campus on the other side of El Camino Real), or Southgate (South East of the campus in the area above Evergreen Park). You may also consider the Allied Arts or Downtown area of Menlo Park which is just north of the campus. Hope this helps! If you have any more questions, feel free to contact me.
You should talk with a lender. Our lender just got a loan for someone who is unemployed, living at home 20% down on a duplex. Not everyone qualifies so the details of your transaction, income, etc. are unique.
That each area, each, home is unique as are the buyers and sellers. If people only purchased homes as investments your analysis on certain properties appears sound. However, the American dream of home ownership takes over and as the credit card commercial quotes "Priceless".
Only you can determine if home ownership makes sense for you. Work with a trusted Realtor to get the information you need on each property you are considering for purchase.
I'd like to refer you to Ken Deleon of Keller Williams in Palo Alto. http://www.kendeleon.com/
He has every neighborhood in Palo Alto Profiled and is THE number 1 agent. Tell him Terri Vellios sent you.
I don't believe you will find another agent who knows the area as well as Ken.
I live on the other side of the tracks a little farther south (off Park), about the same distance from the tracks. There isn't a lot of noise at night, which would be the biggest concern. But there was a recent price reduction on this one, I'd try to get the price down at least another $200k.... more
I can't speak for the price, as I am not familiar with the market, however I would say that a lot of buyers come from the internet and they want to see lots of pictures. At your price range,I would expect your realtor to hire a professional photographer to take at least 30 photos and include a virtual tour, and hopefully a floor plan. Several of your pictures appeared dark and a professional photographer familiar with al estate photos can help make your home sparkle online.... more
It can be done after COE. Actually, it is a very simple process, fill out the (I think) Community Property Deed and have it notarized , send it in with a small fee ... call your county recorder to make sure you get the right form from them.... more