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Saratoga : Real Estate Advice

  • All89
  • Local Info4
  • Home Buying39
  • Home Selling2
  • Market Conditions7

Activity 59
Tue Jul 20, 2010
Bill Mccord answered:
To answer this question you need to know that in any purchase involving a mortgage the are 2 Title Insurance policies required.
1. Owners Title Insurance payable. In your case by the Seller and should not appear on you statement.
2. Lenders Title Insurance for the amount of the loan. This is your responsibility and should show on your statement.
The Escrow fee should also not appear on your statement but it is not related to the the other misc items you describe. They are typically a Buyers expense and you should ask your agent to explain their purpose.
You should really asked these questions when you were signing your closing documents as one page of that package was an Estimated Closing Statement describing all fees involved in the transaction. You would have had to sign it or the deal would not have closed.

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Sat Aug 8, 2009
Bayarea123 asked:
Mainly looking for input in terms of property appreciation ,safety and other neighborhood aspects .
0 votes 0 Answers Share Flag
Sun Aug 16, 2009
Glen Mitchell answered:
Hi Jerri, I have a free automatic email search that sends all listings that match your criteria as soon as they are listed. If you want to try it out and make sure you are getting all the listings for Saratoga let me know and I'll set it up for you.

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Wed Aug 19, 2009
Norman Alessandrini Warren Weston answered:
Hi Curious,
That depends on what it sold for, the shape it was in, it's square footage , lot size and location on the street.
All things being equal, then it would affect the value of homes on that street, because the listing agent and more importanly the BUYING agent will use this in either pricing or bidding on a property on the same street. So you can expect a bid close to what the Foreclosed home sold for. There are NO percentages I can give you because there ARE quite a few variables in pricing a home.
Hope this helps, if you have more specific questions you would like help with feel free to contact me.
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Sat Aug 29, 2009
Roland Barcos answered:
Hi Pa_home_buyer,
Both the PA/Atherton area and the LG/Saratoga areas are very desirable. You question why others claim that PA is preferable, but that opinion is confirmed as you state the fact of prices being stabler in PA/A. Writing a check is a very compelling expression of opinion. However, it really only matters which area you prefer and you may be able to take advantage of better bargains in Los Gatos/Monte Sereno/Saratoga.
If you need any hlep with your search, please contact me.

Take care,
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Sun Sep 9, 2012
The Hagley Group answered:

f you go to the link below and click the "schools tab," you can explore schools and scores in any county in CA. Good luck!
0 votes 13 answers Share Flag
Thu Sep 30, 2010
Ali Moein answered:
Where did you see this? If you saw it on MLS, what is the MLS number? Most likely this is a mistake.

Ali Moein
RE/MAX Pioneer
20480 Blauer Dr
Saratoge CA 95070 ... more
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Tue Nov 25, 2008
shirin zartoshty answered:
Hi Sam,
SOme of the postings you are talking about are Saratoga Address but not Saratoga School. I belive one of these is Saratoga Schools but I need to know the exact address. I belive if you buy any of these which are Saratoga schools and build a new house on it or expand and remodell it, it would be great. Please call me at (408) 761-1806 if you need further assistance.


Shirin Zartoshty
Coldwell Banker
(408) 761-1806 Cell
(408) 777-3803 Direct
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Fri Nov 6, 2009
Susan Wesely answered:
If it is fully foreclosed, the biggest risk is that the owner (the bank) knows very little about the property and will be selling "as is". The property may have been vacant for some time, and may have damage. You can mitigate that risk by making an offer considering condition, making sure you have an inspection contingency in your offer, having the full inspection done, and understanding the findings. You may need to seek financing that includes repair/rehab costs. You should also buy title insurance when you close. ... more
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Wed Nov 5, 2008
Bill Mccord answered:
Best advice I can give is to go on-line to and you will see all relevant info presented objectively for each City. You might talk to a thousand agents and get multiple slants based on our individual experience. Better I think to have the facts to hand 1st.
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Sat Dec 31, 2011
Abby Kagan answered:
I'd be happy to help you out. 22+ years in the business and a consistent top producing agent. If I can't, I will be happy to find you to a competent Realtor who can.
Abby Kagan,
Frank Howard Allen Realtors ... more
0 votes 15 answers Share Flag
Sun Feb 10, 2008
Realtor answered:
Hello Bl, Townhomes currently on the market in Saratoga range from $700k to $750k.with 1300-1600 sf. Some of the larger townhomes are $1.2 to $1.3 million with 2000 -2150 sf.
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Sat Aug 29, 2009
Mario Pinedo, Ccim answered:
There are homes in Campbell and the west San Jose area very well priced now due to foreclosures and short sales. Single family homes at $600,000 and below. Look at our foreclosure listings below. ... more
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Tue Jan 22, 2008
David Blockhus answered:

If you want something with an attractive design and a decent level of quality I would plan on a minimum of $350. per square foot. Your kitchen and bathrooms will be the most expensive areas, the garage the least expensive. If you go down with a basement or make a two story, it might be closer to $425.00 per square foot. ... more
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Sat Jan 26, 2008
The Hagley Group answered:
Not often. A lot ofthe winery offerings are confidential. The link below may put you in touch with folks that can help. Good luck!
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Wed Jul 15, 2009
Ali Moein answered:
Hello Ananya,
"Softening" is a subjective term. Here are some data you can use to decide for yourself:

1. 39 homes sold in the last 6 months over $2Mil in saratoga
2. The average number of days in the market for these homes is 140 days.
3. Asking price Vs. selling price. On average homes have sold $101,000 less than asking

In order to decide if the Saratoga market is softening, there must be a point of reference. As compare to what.
If we compare the same data with last year, this what we have:
1. Homes sold 31
2. DOM: 119
3. Listing Vs. Selling On average homes have sold $180,000 less than asking

So compare to last year slightly longer market window but better selling price. Now you make the call.
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Mon Jul 20, 2009
Michael Roberts answered:
Hi Margaret, If you consider the bottom line, in relation to the new buyer's market, you will do fine in 95070. Naturally, it will all depend on the margins you expect in your budget. Anything below 20% would not pencil out in general.

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Mon Sep 17, 2007
The Hagley Group answered:
I may have someone for you....will call you shortly.
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Mon Feb 9, 2015
Jaira (Ventura County Realtor) answered:
The reason building a new home can initially seem so complicated is because there are so many details that you have to put together. Here are the things you will need.

Steps 1. Buy land if you don't already own some. You will need to either pay cash for the land, get a land loan from a bank, buy land from the seller with owner financing, or find a seller willing to wait for you to get house plans a building permit and a realtor willing to wait months for their commission (highly unlikely). Buying the land with a land loan first allows you to take the land off the market so others cannot buy it before you do. It also allows you plenty of time to pick out house plans, submit the plans to the county for approval and obtain a building permit all while obtaining the best construction loan. Construction loans can include the land into the construction loan only if you already own the land with a land balance to add into the construction loan.
Pick out a house plan. There are some great house plan resources on the internet. Just go to Google and type in "house plans" or "architect" for your local area and you will have more sources than you can handle. Once you pick out a house plan that fits your needs and expected budget, simply buy a few sets and start getting estimated bids from builders.
Decide whether to hire a builder or be an owner-builder. The goal of being an owner builder is mainly to save money. Some people can save quite a bit of money if done correctly. However, some people are not meant to be owner-builders, as it takes a strong personality to manage contractors. Possible problems when acting as owner builder:
Construction cost overruns
The best banks with the best rates require a builder or supervisor
Managing contractors to finish on time or to show up for work
Depleting your personal savings
The need to borrow more money
Loan extension penalties
Being taken by unscrupulous contractors
The need to refinance your construction loan

If you have never built a home before and absolutely need to act as owner-builder, hire a reputable builder to supervise you and the building of your new home, for a much smaller fee than their normal fee. The builder/supervisor will help you with the cost breakdown and manage the subcontracting on an as needed basis. If one of your contractors gets out of hand or you need help of any kind, you can call the supervisor for assistance.
If you decide on hiring a builder to do everything, make sure you hire a reputable builder or supervisor with a good reputation and plenty of references. Ask your friends if they know of good builders, and when you start to hear the same name over and over you know you've found a good one. Ask the building inspector for a list of reputable builders. The most important point is shop around until you find a builder with the most reputable and honest background.
Know what goes into the Estimated Cost Breakdown of your home. This is the breakdown of each particular cost of construction of the home. The foundation, lumber, framing, plumbing, heating, electrical, painting, and builder's profit, etc. The builder usually completes this form to show you exactly what it will cost to build your new home. The most important thing to remember here is that you do not want to underbid any line item and you do not want to overbid any line item. You want accurate numbers from real bids (not guesses) and a 5% contingency for cost overruns. Most banks add a 5% contingency over and above the builder's contingency for added protection. Good builders will send out the house plans to their contractors for specific bidding on each main item or can estimate the home themselves. The builder will send one set of plans to the foundation contractor, one set of plans to the framer, one set of plans to the plumber, etc, etc. When all the numbers come in, the builder will fill out the cost breakdown and come up with a total cost to build your new home. Bad builders will use a method of estimating the cost of building your new home. The WAG method stands for "Wild A. Guesses". This method is the most dangerous since it can lead to under and over bidding. The last method of bidding is simply to over inflate every single line item on the cost breakdown. This is the most profitable method for the builder and the most expensive to the customer. This is why you want to find an honest, reputable builder with a good reputation in your community. Once the cost breakdown is completed and you plan on hiring this builder to build you new home you will need to type up a contract. The contract needs to equal the added total of the cost breakdown.
Read the contract carefully. There are two types of contracts:
Fixed Contract: This contract is simple and straightforward. Take the total of the cost breakdown and put that fixed number into the contract. Continued...
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