Tag Archives: Homes for sale in Mountain View

Silicon Valley’s Crazy Market – Is it Better to Rent or Buy?

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Courtesy Tony Guaraldi, VP of Mortgage Lending

Is the market too crazy?  Should 1st time home buyers “rent for a while until the market slows down” and throw in the towel for now?  Does it still make sense to pay these home prices or are they better off renting right now?

Rent or Buy in Silicon Valley?

Rent or Buy in Silicon Valley?

The answer as to whether or not they should buy a home vs. renting when you look at the numbers is resoundingly YES!!!  Let’s take a look at this example in Campbell . . .

A current listing on the MLS today is 1360 Hoffman Ln Campbell, CA  which is a 3 bed / 2 bath with 1,331 square feet for the bargain price of $949,000.  The typical first time buyer starter home is now around 1M in Campbell.  If we look at Craig’s List for a similar place to rent this morning you can find 1638 Ensenada Dr, Campbell which is also a 3 bed / 2 bath house that is 1,284 square feet that is listed for rent at 3,600 per month. Continue reading →

New Home Builder Sunnyvale Environmental Issues? How to research!

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We received the following question and wanted to share our response with you. The same investigative process can be adapted to other new home building projects in neighboring Bay Area Cities:

We are looking to purchase a home at the new development by Summerhill homes at Las Palmas, and came across your blog when we were searching for environmental issues in new developments in Sunnyvale. Are you aware of any environmental issues with this location and any information that we should we aware of regarding soil/water contamination at this site? There used to be an auto dealership and orchards before that on this site, so we were wondering about any possible contamination. The address is 660 W El Camino Avenue, Sunnyvale, 94087.

Soil, water and environmental issues can investigated a few ways. The first step would be to visit the City of Sunnyvale Planning Department and request to view the files for the Summerhill Las Palmas project. Ask specifically about soils, water and any other required studies that were needed for submission in order to approve this development. Continue reading →

N.Y. investors snap up San Francisco’s sprawling Parkmerced complex

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Courtesy Marlize van Romburgh

N.Y. investors snap up San Francisco’s sprawling Parkmerced complex 152-acres. Plans for redeveloping to 8,900 units.

A group of New York investors has purchased a majority stake in Parkmerced, the sprawling housing complex on San Francisco’s West Side that is slated for a multibillion-dollar revitalization, in a deal that values the property at more than $1.3 billion, the Wall Street Journal reported.

Park Merced Completion

Park Merced Completion

The property currently has 3,221 units. Plans call for redeveloping it into 8,900 units, with a groundbreaking slated for 2015 or 2016. Parkmerced is located in one of the city’s less-dense neighborhoods, an appealing fact for developers as rents and demand soar.

CLICK HERE for the full article.

Silicon Valley Mortgage Update_March 8, 2014

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Courtesy Tony Guaraldi, VP of Mortgage Lending Guaranteed Rate

Welcome to our Friday update. The Jobs report for February is out and it beat expectations coming in at 175,000 jobs created above expectations of 150,000.  Additionally there were upward revisions from the past two months reports of 25,000 additional jobs created.

CLICK HERE for the current mortgage rate sheet. Continue reading →

Wonderful Homes on Mountain View, Los Altos Broker Tour_Nov 22

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326 Church St, Mtn View. Courtesy Michael Galli, Alain Pinel

326 Church St, Mtn View. Courtesy Michael Galli, Alain Pinel

By Jeni Pfeiffer, Associate Broker, Realtor

Nov 22 Broker Tour: Really unique homes on tour today! Top of the list is 326 CHURCH ST in Mountain View, built by Ugo Mancini, with an architecture blend of Eichler meets Art Decco and Palm Springs with a touch of Italianate Style. The home boasts 2,005 Sq.Ft. with 3 Bedrooms and 2 Baths, and a spacious backyard listed at $1,398,000.  Mancini had owned a car dealership on El Camino called Mancini Motors. Agent Michael Galli, from Alain Pinel states that Mancini, also built the fascinating, iconic home next door as well.

420 CHIQUITA AVE in Mountain View is a jewel of a home, with 2 bedrooms and 1 bath and 1,147 sqft of living space. The spacious backyard invites relaxing and entertaining. It is listed at $899,000. Continue reading →

Nov 15_ AWESOME Jumbo Rates and Mortgage Update

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November 15, 2013 Friday Rate Sheet and Market Commentary _ Courtesy Tony Guaraldi VP of Mortgage Lending

As we had hoped the Mortgage Bond markets bounced back this week recovering some of the losses from last Friday’s Jobs Report.  The highly anticipated event for this week was the Confirmation Hearing for our new Fed President Janet Yellen which took place yesterday morning.  She is perceived to be “Dovish” which in our world means likely to continue the stimulus that has been keeping interest rates low and the stock market rising.  In her Q and A session at the hearing she did say as expected that the Fed would continue the bond purchases until the economy improves.  She did also mention that she believes the real unemployment rate is closer to 10% rather than the number from last week’s Jobs report at 7.3%.

CLICK HERE for the November 15 Mortgage Rate Sheet.

Continue reading →