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Grace Keng, CRS, CDPE, SRES,(408) 799-8887

Why should I purchase Saratoga Ca home?

Saratoga is a mid sized town south of and Cupertino in California Silicon Valley. Years after years a lot of silicon Valley homes buyers bought Saratoga homes. You may wonder why California home buyers like Saratoga homes.

1). Larger lot of northern California standard: It is about a quarter acre in size from 9000 sq ft to 12,000 sq ft is the average size.

2). One story home: Usually 3 to 4 bedrooms and 2 baths with 2 car garage with beautiful landscape front and back.

4). Excellent Saratoga schools: The API score of Saratoga high is 990. According to information from the Wikipedia

Saratoga High is locally known for its rigorous academic program. 98% of graduates go on to college or technical school.

The above Saratoga home will be a typical Saratoga home: 4 bedrooms and 3 baths, separate family room and living room, formal dining room with 2153 sq t of living space and approximately 11,250 sq. ft located at 11871 Brookglen Dr. Saratoga. The open house will be Saturday 1:30 PM to 4:30 PM.

Should I buy a Silicon Valley Single family home vs townhouse or condo?

single family homes or townhouses?From times to times I received a question like :" Should I purchase a single family home vs townhouse or condo in Silicon Valley?"

Let us figure out what kind of the home is BEST for you.

1). What is the price range? The higher the home price the better chance you can buy a single family home. The lower the home price you probably have to purchase a townhouse or condo. If you want to buy a Sunnyvale home for $240,000 the only choice you will have is a one or two bedrooms condo. If the price tag goes up to $900,000, you have all kind of choice to buy.

2). The monthly Home Owner Association Fee for Townhouse and condo: HOA (home owner association) fee can run from about $100 to $600 per month. This fee will cover the maintenance of the building exterior, insurance and landscape. As the living cost goes up it will go along with you. This HOA fee will lower your purchase power.

3). Age of the home: The condo and townhouse in general are younger then the single family home. You have more chance to buy a younger townhouse or condo then single family home.

4) Privacy issue: The single family home will give you much more privacy than the others. Do you like hear your neighbor's noise? You have to think about this.

5). Appreciation: From the history of real estate market a single family residence (SFR) usually appreciate much faster and hold their value better than do condos and townhouses. The single family Homes are generally in higher demand, the more buyers dream to own a single family home than the others. In short, You will get more bang for your buck when you purchased the single family home rather than condo or townhouse. To purchase a home is a very individual decision. Everyone has a different needs. If you don't like to do much maintenance, upkeep, and don't mind of paying the homeowners' association (HOA) fees, a condo or townhouse could be perfect for you.

If you need more help, please contact The Grace Keng (408) 799-8887 to find out what kind of home is best for you. Grace Keng Team serves South Bay Home Buyers and Silicon Valley Home Sellers. From Palo Alto Luxury Homes Condos to Cupertino Condos the Keng Team of RE/MAX RES in Santa Clara provides Home Buying Tools and Home Selling Tips. www.Santaclarahomestoday.com provides info from Santa Clara County Home Sales to Silicon Valley homes Developments, Santa Clara News and Foreclosures in Santa Clara and Short Sales in Sunnyvale.

There are still rooms for Free 1st time home Buyers Seminar 05/07/11 9-12 AM Cupertino

Homebuyer

There are still rooms for Free 1st time home Buyers Seminar hosted by the Silicon Valley Association of Realtors and City of Cupertino sponsor a First-Time Home Buyer Seminar. Date: Saturday May 7th. Time: 9 to noon refershments and resources Location: Cupertino Community Center at 10250 Torre Ave, Cupertino CA 95014. . Attendees can receive information from participating oorganizations on foreclosure prevention, consumer credit counseling, landlord/tenant counseling, fair house and much more!

This FREE event is to help buyers' go thru the buying process.

I will be one of the panel speakers , so come by and learn something new!

After the seminar, attendees are invited to stay for refreshments and a resource fair

For more info, call Vera Gil at 408-777-3251 or housing@cupertino.org

Cupertino schools home only pay Santa Clara utilities

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Cupertino school home Open today

February 26, 2011 By admin Leave a Comment (Edit)

Cupertino schools homes for sale

Cupertino homes

Santa clara Cupertino schools have been a selling point for Silicon Valley Real Estate. In Cupertino home values up and out of reach for many home buyers. Some buyers have given up on hopes of owning a home in Cupertino and are renting property so their children can go to Cupertino School District. The buyers are unaware that a portion of Santa Clara bordering Cupertino called Maywood area does fall into the Cupertino School district and enrollement into Eisenhower Elementary, Hyde Middle, and Cupertino High. These neighborhoods vary from starter type and size home to larger homes. Since they do not fall within the Cupertino City boarders and can be a bit far from the Middle and High Schools those Santa Clara homes are selling for lower than their Cupertino counterparts.

This home on 3533 Geneva Dr. Santa Clara will be a great example. The home could be compared to a similar sized and condition home in the Rancho Rinconada neighborhood in Cupertino that would sell for the low $900K's and this home is currently listed for $785K. It's goes to the Eisenhower elementary school, Hyde Middle and Cupertino High school API 891and offers convenient access to Lawrence Expressway and highway 280. Today will be the 1st Open house 1:30 - 4:30 PM.

  • Contact The Grace Keng Team (408) 799-8887

Grace Keng Team serves South Bay Home Buyers and Silicon Valley Home Sellers. From Palo Alto Luxury Homes Condos to Cupertino Condos the Keng Team of RE/MAX RES in Santa Clara provides Home Buying Tools and Home Selling Tips. www.Santaclarahomestoday.com provides info from Santa Clara County Home Sales to Silicon Valley homes Developments, Santa Clara News and Foreclosures in Santa Clara and Short Sales in Sunnyvale.

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Citi Bank help the distressed home owners

A New Citi ProActive Short Sale Program

In the Citi program, which launched last week, in-house portfolio loans were reviewed to identify homeowners who would be ideal Short Sale candidates.

These borrowers are receiving letters outlining their Short Sale options and including the names of three qualified RE/MAX Associates who could assist them. The decision on whether to contact one of the agents rests with the homeowners. So far, Citi has identified over 40,000 properties to be included in the program, with several thousand more properties expected to be added each month.

In a key element of the program, the Citi Short Sale team is authorized to set sales prices and accept offers. It will attempt to respond to offers within 72 hours. Upon a successful Short Sale closing, homeowners could receive a cash incentive for moving expenses, and may have their outstanding debt forgiven.

To increase their chances of being included in the mailings, RE/MAX Associates should have the CDPE, SFR or Five Star Training and indicate this information on their Web Roster profiles.

Fannie Mae Deed-in-Lieu Plus Pilot

The Fannie Mae program began in December 2010 and, as a pilot, is much smaller in scope, at least initially. It assists Fannie Mae borrowers who are in danger of foreclosure by offering Deed-in-Lieu Agreements. Chicago-based HEART Financial Services, acting as the asset manager, assigned 1,200 properties in 18 states to nearly 300 RE/MAX agents already working Fannie REOs. If the pilot is a success, Fannie could release thousands of additional properties to RE/MAX agents.

If homeowners express interest in learning about their options, HEART assigns a RE/MAX agent, who makes contact and explains the details of the Deed-in-Lieu program. Upon Fannie's acceptance of the Deed-in-Lieu, the agent receives the listing and markets the property like any other Fannie REO.

When Fannie accepts the signed DIL Agreement, homeowners have 30 days rent-free to prepare for a move. If they relocate within the 30-day period and leave the property in "broom-swept clean" condition, they receive a $3,500 moving allowance and their primary mortgage debt is forgiven.

www.stopforeclosuressanjose.com will have more information regarding San Jose Short sale and stop foreclosures options