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Palo Alto : Real Estate Advice

  • All328
  • Local Info27
  • Home Buying161
  • Home Selling20
  • Market Conditions42

Activity 252
Wed Mar 23, 2011
Terri Vellios answered:
This is an interesting question. Is there a time frame and specific area for which you are interested in the data? If it was the last month in Palo Alto? Single Family Homes? It can vary. ... more
0 votes 8 answers Share Flag
Mon Mar 14, 2011
Philip Roy answered:
Hello Mindy,

Typically bedrooms are more important than a family room provided that there is a common seating area such as a living room or if one of the bedrooms can be converted into a common area. ... more
0 votes 5 answers Share Flag
Sun Feb 10, 2013
Terri Vellios answered:
Check with your agent. Termite, foundation (perhaps), roof, chimney, electrical, & plumbing, You will want to really check out the electrical and plumbing. Possibly a sewer lateral. ... more
0 votes 9 answers Share Flag
Wed Mar 2, 2011
Jennifer Hernann answered:
Hello Timothy,
I have a lender who could go into great detail and point you in the right direction. We work closely together and I refer all of my clients to him. His name is Scott Stinson with FBC Mortgage. They do in house lending and deal with wholesale loans giving a buyer more options. Scott's email is Loans@ScottAlanStinson.com
His phone number is 407-872-3383 and his website is www.ScottAlanStinson.com . Give him a call or send him and email. You will get the answers you are looking for and have a trust worthy broker to confide in. They are rare these days. Good Luck

Jennifer Hernann
Re/Max Prestige of West Palm Beach
www.SellingPalmBeaches.com
JenniferHernann@remax.net
... more
0 votes 10 answers Share Flag
Tue May 17, 2011
John Souerbry answered:
Sorry, not true. When an agent closes a sold listing in the MLS system, they are required to list the actual sale price. The record for the property will then show the original listing price, all price changes, and the actual sale price. If Redfin or any other sites show something different, they are wrong. If you'd like to see an actual printout from the MLS, send me a message and I'll email it to you. ... more
0 votes 11 answers Share Flag
Mon Apr 25, 2011
Marcy Moyer answered:
There is one problem with your question, the homes will not be in the same location. Eichler built homes in neighborhoods in Palo Alto, not individually. Homes on Palo Alto have more similarity to neighborhood than to style, if the homes are of similar age and not a new build. So if an Eichler is in south Palo Alto in the flood zone it will cost less than a home in midtown that is a ranch or cottage but not in the flood zone. The only exception to this would be in Barron Park where there are a few individual Eichlers but I have not noticed any big difference in price from any other home with similar square footage and condition. But there are just not enough of them to make a statistically significant statement. If you were asking this question about some other city I could tell you that Eichlers will generally sell for less than a traditional ranch house, but they do not have a stigma in Palo Alto. Many people here love them for their mid century modern style, and many people just want a home in Palo Alto in their price range and do not care about the style. It may seem that Eichlers sell for less than ranch homes, but I think most of that can be attributed to the fact that a they are frequently in the flood zone. I guess that is the short answer.
Marcy Moyer
DRE 01191194
... more
0 votes 4 answers Share Flag
Tue Mar 1, 2011
Marcy Moyer answered:
It is a little difficult to give you a number because it depends on the square footage of the home and the type of heat. They were originally built with radiant heat systems but many of those original systems have been replaced. Also, Palo Alto owns its own utilities and the bill in combined. That being said, it will cost more to heat an original Eichler than a ranch home with less glass and more ceiling insulation but there are things that can be done to lower the cost. Many people install foam over the tar and gravel roof. There are newer heating systems that are energy efficient, and window coverings can be used that let in light but help keep the heat in.
Marcy Moyer
DRE 01191194
... more
0 votes 1 answer Share Flag
Tue Apr 9, 2013
Ivy Magsaysay answered:
HI Phil,

I believe it does. In spite of the fact that fewer people park their car in the garage these days, garage is still a valuable features that a lot of buyers look for over carport. It is a matter of preference, however, some are willing to pay more for the place if the home has a garage.

I hope I answer your question and let me know if there is anything I could assist you with.

Best regards,

Ivy C. Magsaysay
DRE#01400319
Century 21 M&M and Associates
... more
0 votes 5 answers Share Flag
Sun Feb 27, 2011
Dallas Texas answered:
Are you looking to rent ? Or purchase? Much is governed what you qualify for buy OR your monthly rental budget
0 votes 5 answers Share Flag
Wed May 18, 2011
Terri Vellios answered:
It wasn't only Palo Alto people bought into. Everything just kept appreciating so quickly buyers jumped on the band wagon.

The reality is Palo Alto is a very desirable area and will hold value to those who had the means to purchase. They will be affected by the buyers who should not have been purchasing - on margin - outside of their income (interest only).

When you are looking at prices the value is what a ready willing and able buyer offers. An appraiser can also help a buyer understand the value along with their agent.
... more
0 votes 47 answers Share Flag
Tue Apr 9, 2013
Pacita Dimacali answered:
The first thing you should ask yourself is how much can you afford to buy because there's a world of difference in prices of all the areas you mentioned. Further, each city will have its own areas that command the most attention.

One thing that may in demand --- waterfront homes
And as you already know, location, location, location is a constant.

Trulia offers a really good snapshot per city, of the most popular communities. Take a look
Redwood City http://www.trulia.com/real_estate/Redwood_City-California/
Palo Alto http://www.trulia.com/real_estate/Palo_Alto-California/
San Mateo http://www.trulia.com/real_estate/San_Mateo-California/

Etc.

Have fun exploring!
... more
0 votes 7 answers Share Flag
Tue Nov 5, 2013
Terri Vellios answered:
You don't have to do a direct exchange to facilitate a 1031. You can use an intermediary company. There are rules if you are not familiar with 1031 and the intermediary facilitator can assist you with the time line. Is your house for sale yet? ... more
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Fri Dec 3, 2010
Tammy J Smith answered:
You are the one in control essentially you can counter offer. Your Realtor regardless of where they are located should look out for your best interest. There is no standard practice. Each and every transaction is customized to each client and each situation.
You have the right to refuse any of the request. I would give on some of them or you can have your Realtor put in contingencies or stipulations on how much you are willing to pay toward anything. If you are against paying for the home inspection or repeated inspections say so. We are only Realtors after all we do as we are told and if you don't voice your concerns to them then we are none the wiser. So tell your Realtor what's on your mind. God Bless and happy selling.
... more
0 votes 8 answers Share Flag
Fri Nov 12, 2010
Keith Manson- Metro Milwaukee Wisconsin answered:
Being self employeed makes the loan application process more difficult than if you have a normal job that generates w2's. So it appears that the lenders may be more conservative when dealing with self employed . Sounds like the lender does not beleive you can afford both homes.

Keith Manson
First Weber Group
Certified Distressed Property Expert
Metro Milwaukee
http://www.milwaukeebailout.com
... more
0 votes 9 answers Share Flag
Wed Nov 10, 2010
Norma Atterbury answered:
I would ask the listing agent if there are reports on the property. If there are I would carefuuly read them and ask lots of questions.
Norma
0 votes 13 answers Share Flag
Wed Nov 17, 2010
Arn Cenedella answered:
Do you have a real estate agent representing you? If so, you should ask your agent.
Do you still have a financing contingency in place?
Without knowing all the details and having a copy of the contract it is impossible to provide professional counsel? ... more
0 votes 9 answers Share Flag
Sun Oct 24, 2010
Kevin Olson, Jessica Laude answered:
I've never seen an HOA fee that high per month. If the fees include utilities, all lawn care, trash removal, community grounds with pools and tennis courts, it could maybe go that high. Is there some unbelievable added security? I would get a list of what these high fees encompass or cover, and go from there. If it's not justifiable in your own opinion, talk with other residents to see why they decided the fee was worth it to them.

Best Wishes,
Kevin
... more
0 votes 9 answers Share Flag
Tue Oct 19, 2010
Kevin Olson, Jessica Laude answered:
Hanson,

The situation above might also require the co-signer to live at the residence and not just sign for it. The eviction would be the reason for this as typically someone living in the apartment has to have no recent evictions on their record in order to lease it out. ... more
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Fri Apr 6, 2012
Terri Vellios answered:
Depends on your goals and finances. There is a rent vs own analyzer on line which may assist you with the financial aspect. http://www.vlender.com/cgi-bin/calc/rent_vs_buy.cgi
0 votes 19 answers Share Flag
Thu Sep 23, 2010
Brian LeBars answered:
Easy, someone who comes by referral, who you connect with and is a skilled negotiator.


Best, Brian!
0 votes 0 Answers Share Flag
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