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Sunnyvale : Real Estate Advice

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  • Local Info35
  • Home Buying198
  • Home Selling24
  • Market Conditions14

Activity 302
Fri Sep 28, 2012
Marcy Moyer answered:
VMan,
My advice is absolutely take the 30 year fixed rate and hold onto the house forever. Pay off the mortgage and then it becomes a cash flow asset. That is great if you can cover mortgage, HOA, and taxes with rent. You will be more likely to rent to young professionals than empty nesters who are more often looking for single story homes, and are not a big rental pool since so many own homes.

My experience in negotiating on new construction is that they are much more likely to give you more for credits than they are to lower the price. I am not saying they will never lower the price, but they far prefer to pay for cost rather than change the price so as not to make future homes worth less. Closing costs will be more than 5K. You will need title and escrow costs as well as loan cost. You can ask them to buy down your interest rate instead of lowering the cost. Also, get all the upgrades you can from them like wood floors, air conditioning, better counters and cabinets if not already included. The washer/dryer and fridge are generally not included in the sale so have them put those in as well. You can probably easily spend 15-25K out of pocket to close so you can ask for that instead of a lower purchase price.

Best of luck!!!

Marcy Moyer
D.R.E. 01191194
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0 votes 23 answers Share Flag
Mon Apr 4, 2011
Grace Hanamoto answered:
Hello Srinadh and thanks for your post.

The answer is "of course," but only if you're willing to consider townhomes and condominiums as possible forms of housing. At present, we're low on inventory in almost every area of Sunnyvale, so there isn't much available at many different housing ranges. In about one more month, we should (hopefully) see more inventory becoming available as the school year draws to a close, which can also mean more choices and price ranges for you!

Check www.mlslistings.com, the public portal for the MLS or Multiple Listing Service here in Sunnyvale to see what's available. And find yourself a great Realtor who can constantly be looking at homes on your behalf!

Good luck!

Sincerely,
Grace Morioka
Area Pro Realty-People's Choice
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0 votes 11 answers Share Flag
Fri Apr 1, 2011
Glen Mitchell answered:
What does your agent say? Are you using one? They should be able to run you comps and provide you the proper values. Worth its weight in gold, and will make either purchase a better value in 10 years.

Glen Mitchell
Broker
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0 votes 21 answers Share Flag
Wed Jun 20, 2012
Monica Goyal DRE # 01781926 answered:
Hi Anne,
You can go to crimereports.com to get an update on the crimes in the neighborhood. This is an upcoming area of Sunnyvale, with lots of new construction. In the long run this could prove to be a wise investment. It is a very conveniently located neighborhood. How long do you plan to stay there, resale depends on so many factors.

Best of luck!

Monica Goyal
DRE 01781926
408-476-0675
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0 votes 9 answers Share Flag
Tue Mar 29, 2011
Marcy Moyer answered:
They built Oak Valley in Cupertino and Vintage Oaks in Menlo Park, both very beautiful, high end single family home develops. In the past they have been very high quality builders.
Marcy Moyer
DRE 01191194
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0 votes 3 answers Share Flag
Sun Mar 27, 2011
Doug & Bud Zeller answered:
Closing cost estimates must be provided by your lender, plus your real estate agent should assist in helping you understand details like this!
0 votes 1 answer Share Flag
Tue Mar 29, 2011
Terri Vellios answered:
Is that Lotus? The prices are good for Sunnyvale. What are you looking for in a home? How long do you plan on living there?
0 votes 6 answers Share Flag
Wed Mar 16, 2011
Glen Mitchell answered:
Some older mobile homes can be hard to finance through a bank. therefore some sellers are more willing to do an owner finance type of arrangement. They may be more willing to sell to someone with bad credit than a bank would. Especially if they are motivated to move quickly and space rents are high. There could be many other reasons too.

Glen Mitchell
Manufactured Home Dealer
Real Estate Broker
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0 votes 6 answers Share Flag
Sun Apr 10, 2011
Anna M Brocco answered:
When it comes to any legal rights you may have, it's in your best interest to consult with an attorney..
0 votes 15 answers Share Flag
Thu Feb 17, 2011
Terri Vellios answered:
Tmd

You will need to talk with your lender on this one. The problem you may face is if the co-signer isn't living with you you may not qualify for the park. Each park is different.

What I suggest is you talk with a mobile home lender, and find out what your options are. Then review what is on the market and see how you can make it work. It may even be possible that a current mobile home owner is willing to finance part of the mortgage.
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0 votes 2 answers Share Flag
Sun Feb 27, 2011
Glen Mitchell answered:
yes and no. you will have trouble with some of the older homes. you should deal with a lender that specializes in manufactured home loans though so you get the right answers and help.

Glen Mitchell
Manufactured Home Dealer
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0 votes 8 answers Share Flag
Mon Feb 14, 2011
Terri Vellios answered:
In our area home prices are based on location, location, location, actually all home prices are based on location. Sunnyvale is in the heart of Silicon Valley so for commute it has been very popular. Some of the schools do score very well.

The basic rule in Santa Clara County is the prices go up the further north you travel, with a few pocket neighborhoods being the exception.
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0 votes 9 answers Share Flag
Wed Feb 9, 2011
Tony McMahon answered:
The type of home would be based upon your personal needs, for investment purposes have a local Realtor do a CMA for both properties to determine the best deal or value.
0 votes 16 answers Share Flag
Mon Mar 28, 2011
Marcy Moyer answered:
Shopper,
You ask some great questions. In general the further west you go in Sunnyvale the more expensive the homes, which is because they are more desireable. There are many factors which go into this, but school ratings are a big factor. Since your parents are not looking for a school district this may not be an issue for them. The biggest noise issue is going to come from street and train noise. The train goes along Central Expressway, so staying 5 blocks or more away will probably be the most quiet. El Camino, Mathilda, Murphy, Wolfe, are all busy streets and will have more street noise.
As far as crime goes, I am not aware that there is more crime near downtown Sunnyvale than further from the town center. You can check with the police department about crime rates in Sunnyvale.
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0 votes 8 answers Share Flag
Wed Jan 5, 2011
Terri Vellios answered:
Interest rates are very favorable right now. Depending on your financing and criteria you may be able to close in 3 months. However, is you are looking at short sales that would be very difficult.

First thing is get preapproved by a lender.
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0 votes 21 answers Share Flag
Fri Dec 20, 2013
Louis Stone-collonge answered:
My dear friend,

To answer that question, we need to know where the property is in order to know the schools are performing.

Some parts of Sunnyvale are have Santa Clara Unified Schools, some have Cupertino Schools and some have Sunnyvale Schools.

It is nearly impossible to talk about Sunnyvale townhomes as a single market. There are three general Sunnyvale markets based on the associated school systems.

I would be happy to chat with you in more detail and share with you the information you need.

Feel free to ring me at your convenience so you can share your information requirements and have me get you the data you require.

Look very much forward to hearing from you.

Most kindly,

Louis Stone-Collonge
Realtor ®
Keller Williams Realty Silicon Valley
~~~~~~~~~~~~~~~~~~~~~~~~
louis@stonecollonge.com
(408) 348-4026 phone
(408) 540-1829 fax

Web: http://www.stonecollonge.com
Blog: http://stonecollonge.typepad.com
Twitter: http://www.twitter.com/stonecollonge
Facebook: http://www.facebook.com/louisrealtor
Yahoo!: stonecollonge

DRE# 01799158
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0 votes 5 answers Share Flag
Wed Feb 9, 2011
Ruth and Perry Mistry answered:
Good morning Joe:

Sunnyvale is a very good and coveted area, just as Cambrian, Willow Glen and Almaden in San Jose.
Also, the homes at Serra Wood are stunning and show well. The ask price of $190K etc. is great
start and should ramp up quickly on the 15th.

Check the price trends out in Sunnyvale.

http://www.trulia.com/blog/perry_mistry/2010/10/home_sales_trends_in_sunnyvale_ca


You do know in time more Town Homes and Homes will be coming up around you making it a fine new
community.

Keep in mind if you are buying it as an investment property it will a nice one, as you can attract
so many Professionals from around the high tech. companies.

Feel free to get in touch with me.

Best Regards
Perry & Ruth
Coldwell Banker
Ranked in the Top 100 for Sales
in Silicon Valley.

408-656-5343

www.ruthandperry.com
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0 votes 19 answers Share Flag
Sat Feb 14, 2015
Marcy Moyer answered:
Abbi,
Sunnyvale is a mostly suburban small city with a cute, but small downtown area. It is not close to the beach, unless you consider an hour drive close. The employment rates are pretty good and the city is clean and well run. It is not as much as a party city as San Francisco or even San Jose, but there are nice restaurants, library, shopping, and parks. It is less expensive than San Francisco, but not cheap, and compared to Minnesota probably very expensive. Are you going to the art institute in SF? If so Sunnyvale has a train stop that will get you to the city if you do not want to drive.
Welcome to the area!
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0 votes 11 answers Share Flag
Thu Nov 18, 2010
Terri Vellios answered:
You have a power easement. This is dedicated in your lot plan. You will need to contact the power company and or phone company, but I doubt that either will be willing to do anything, because, where will they put it? ... more
0 votes 7 answers Share Flag
Mon Nov 29, 2010
Andrea Wince ~ Lic. 01439761 answered:
Remodeling costs vs. value is highly dependent upon the current market. What you need to look at is what other homes are selling for in your immediate neighborhood that are 1700sf (comparable sales=closed escrows). If you already have a family room and are adding an additional room (living room) the value may be a little more than the comps. It also depends on how many bedrooms and baths you already have along with whether or not other parts of your home have been updated recently. Most important are kitchens and baths. If you would like me to email you comparable sales for your neighborhood, please feel free to contact me through my Trulia profile. Kind regards. ... more
0 votes 6 answers Share Flag
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