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Rent vs Buy in 95135 : Real Estate Advice

  • All27
  • Local Info2
  • Home Buying14
  • Home Selling2
  • Market Conditions0

Activity 4
Mon Jun 8, 2009
Linda Baker answered:
Katie,
Depending on the price you are trying to sell your home for, there are many buyers in the Cambrian area. Folks are price sensitive, but good properties are selling!
The decision to sell or rent is based on your needs. If you have owned the property for a long time, you will still be making money!
I am very active in your neighborhood. Please let me know if I can answer any other questions for you. I can definitely give you good insight into the Cambrian market.
Cheers,
Linda Baker
Alain Pinel Realtors
408.712.3432
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0 votes 11 answers Share Flag
Mon Jan 19, 2009
Arn Cenedella answered:
Yes you can buy any house for cahs and yes you can rent any house to Section 8 but be aware Section 8 has a mximum rent based on number of bedrooms and market area. For example, in East Palo Alto maximum rent for a 3 bedroom Section 8 tenant is $1800. ... more
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Wed Sep 22, 2010
Sam Shueh answered:
I think it is. The sellers can not sell easily and need to rent it out. What you need is to negotiate with your landlord and put it in the rental contract. Try to be specific such as 20-30% of rent can be applied toward down payment.

If you pay your rent on time and keep the house tidy, the landlord will consider you first before others.
Get on my website and there is a calculator allowing you to compare both cases to arrive at a long term cash flow. Assume 4-5% annual appreciation after we get out this recession. In Newer neighborhood such as Silver Creek Valley they will appreciate faster than Monterey/Ford Rd side of 95138.
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Mon Jan 5, 2009
Rebekah Owen, Broker answered:
Hi Pamela,

This property is a short sale - which normally means the owner is behind on their mortgage and owes more than the sale price.

So, the short answer is "no". This owner is in no position to offer that.

That being said, there are other properties. Do you need to stay in this neighborhood?

Rebekah
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