While sitting through the presentation by … please subscribe to … I don't get why people keep saying they're "throwing away money in rent." HOME FOR RENT. Having lived and worked in Silicon Valley - Santa Clara County for over 35 years, attending Archbishop Mitty High School and San Jose State University, with a background in engineering and marketing, Don knows the community extremely well and is "The Silicon Valley Real Estate Expert." Founded in 1976 to provide independent brokerages with a powerful marketing and referral program for luxury listings, the Sotheby's International Realty network was designed to connect the finest independent real estate companies to the most prestigious clientele in the world. Buying up New Zealand real estate became so popular among execs in the Valley that purchasing a house in New Zealand became Silicon Valley code for getting “apocalypse insurance,” as Business Insider’s Melia Russell reported in 2017. Views of virtual tour: 8091 Consistently on the cutting-edge of new real estate technology that will benefit YOU! Our challenge is to help you play it better. We had three offers with contingencies. Houses X; Clear All; Not finding what you're looking for? Splurge. View the latest available house listings! When it was purchased in 2014 for $19.9 million, it was the most expensive home sale in Silicon Valley that year, according to Property Shark. Betsy Dwyer, the agent representing the winning bidders, did everything right. The main advantage to an all-cash offer is certainty and a faster close. Most, though not all, of these closing costs or fees are required in the transaction depending upon the location of the sale. In the case of our Mountain View house, we gave the top three bidders all another chance to bid. Our real estate agent, Erika Enos, and I listened to offers in person. She let us know she had educated her clients so they had full knowledge of what they were purchasing and explained why they had a strong desire to own the property. We are known for closing deals faster than anyone else, and getting the most money for them. Sotheby's International Realty, the Sotheby's International Realty logo, "For the Ongoing Collection of Life" and RESIDE are registered (or unregistered) service marks owned or licensed to Sotheby's International Realty Affiliates LLC. Houses for rent in Silicon Valley University, CA. We were willing to wait and didn’t bother asking the cash buyers to match the best offer. $3,250. Deals. Search for Homes Sell My Home Home Evaluation. Max Price. 57 Properties. We didn’t give any of these offers a second thought because the uncertainty and risk of the deal falling through wasn’t worth it to us, especially with seven other “clean” as-is offers on the table. The 1300 square foot 3br/2ba house on a 5000 square foot lot needed a lot of updating. When we bid on our Palo Alto house, our initial offer was strong enough that the sellers simply made us a 10K counter-offer and didn’t include any of the other four bidders. 3 all-cash offers For us, the only real advantage to a cash offer was increased certainty the deal would happen. Is it worth plunking down your savings on a piece of property? What investments will create nice homes for others? Scott declined a request for comment. At the same time, Americans are saving more of their income than ever before. Requests for disclosure package: 35 Each sale listing includes detailed descriptions, photos, amenities and neighborhood information. Silicon Valley Homes For Rent Find the Perfect Home. Asking for a loan contingency is like waving a red-flag saying you’re not sure if you’ll qualify for a loan. You're getting a roof over your head, with the flexibility to move on short notice. LinkedIn co-founder Reid Hoffman told the New Yorker that mentioning the country had become a sort of code in Silicon Valley. Homes listings include vacation homes, apartments, penthouses, luxury retreats, lake homes, ski chalets, villas, and many more lifestyle options. All rights reserved. Or wiser to keep renting for a period of time — or until the end of time? SiliconValleyRealEstateTeam.com Later when one of the other agents came back offering to beat the final price by another thousand dollars, we politely declined because we were confident we had found the right buyers. Risk of deal falling through. Additionally, Wealthfront Advisers or its affiliates do not provide tax advice and investors are encouraged to consult with their personal tax advisors. New Zealand Herald, Mark Mitchell/AP Queenstown in the South Island of New Zealand in 2013. © 2020 Wealthfront Corporation. The final offer we accepted was about 25K higher than the highest bid in the first round. While sitting through the presentation by the realtor whose clients were offering asking price along with an inspection contingency, I remembered how many times I wanted to halfheartedly bid on a house hoping to get lucky and Erika had to tell me, “Sweetie, if you’re not going to play to win, don’t bother making an offer…it just drives up the price for everyone else.” Her words finally made sense. Our highest all-cash offer was just over $1.5M and we had several significantly higher offers from bidders who were well qualified for loans. Buy a Home in Silicon Valley for $25,000—but There's a Catch Robert Allen via craigslist Psst... want your own place in Silicon Valley for a mere $25,000? Buy a home in Silicon Valley Imagine buying your dream home. If you are an entrepreneur, tech expert, or business person you may find Silicon Valley to be the perfect place to live, work, play, and even raise a family. 1. Your 2020 End-of-Year Personal Finance Checklist, 2020 is drawing to a close, and many of us are thinking ahead to 2021. Woodside, California, 94062 United States, Portola Valley, California, 94028 United States, Los Altos Hills, California, 94022 United States, Saratoga, California, 95070 United States, Los Altos Hills, California, 94024 United States, Atherton, California, 94027 United States, Palo Alto, California, 94306 United States, Los Altos, California, 94024 United States, Menlo Park, California, 94025 United States. Wealthfront, Wealthfront Advisers and Wealthfront Brokerage are wholly owned subsidiaries of Wealthfront Corporation. We are committed to fast, professional and courteous service to help you understand and feel at ease throughout the home buying process. Find houses for rent in Silicon Valley by selecting from our list of Silicon Valley rental homes, or by entering your search criteria below. Sotheby's International Realty Affiliates LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. For homes all over Silicon Valley, its important, my home inspector tells me, to use downspout extenders so that the water from rain collecting on the roof don’t all dump out right next to the house. The home is expensive, even by Palo Alto standards, thanks in part to its large, 0.88-acre lot. We’re not going to argue with anyone about how unfair the market is: Instead, we thought it useful to publish a first-hand account of how you can improve the odds of getting the house you want (if you are a buyer) or achieving your sales goal (if you are a seller). That said, equally important is taking into consideration what makes a house a home - like what is best for your commute, your relationships, your health, your happiness? Contact Property (408) 540-6619. 3 offers with contingencies Silicon Valley Realtors have been seeing a “shifting market” for about a year now, at least in many segments of the real estate market. More filters. Silicon Valley billionaires are reportedly buying property on the small island nation so that they have somewhere to flee in the event of a global catastrophe. [Silicon Valley, California, USA] 1-408-204-7673 mary (at) popehandy.com CA BRE # 01153805 CIPS - Certified International Property Specialist CRS - Certified Residential Specialist ABR - Accredited Buyer Representative SRES - Seniors Real Estate Specialist Helping nice folks to buy and sell homes in Silicon Valley since 1993. Homes listings include vacation homes, apartments, penthouses, luxury retreats, lake homes, ski chalets, villas, and many more lifestyle options. Having been on the losing end of many a home, I decided to write a blog post with tips for people buying homes in the Bay Area, one of the most competitive, if not the most competitive real estate market in the country. At the same time, you might not be sure what impact stock options will have on your taxes. Silicon Valley billionaires are reportedly buying property on the small island nation so that they have somewhere to flee in the event of a global catastrophe. Enquire Now! We want to make your experience in finding your next dream home an enjoyable one! Let our experienced staff help you make it happen. Search By All; Search Please enter valid address. I was even more surprised when I realized that they kind of work. This is a rule I’ve tried to violate many a time. Wealthfront Software LLC (“Wealthfront”) offers a software-based financial advice engine that delivers automated financial planning tools to help users achieve better outcomes. Texas Real Estate Commission Consumer Protection Notice, Texas Real Estate Commission Information About Brokerage Services. We have an answer. Kay previously led communications at Square and LinkedIn. When our friend SSS from Save.Spend. I've used 10% for the stock market returns because that's the historical returns. During these brief 10-15 minute presentations, I looked for clues from their agents about who would be the best buyer for our house. Because that 's the historical returns a cash offer was increased certainty deal... Including price, or solicitation to buy something they ca n't afford California - watch this video find! So we have a large mortgage left on the cutting-edge of new Zealand,... Required to pay in conjunction with any home buying a house in silicon valley I realized that they of. Principles of the lessons were obvious ; others took us by surprise alliance with Sotheby 's, the of! Checklist, 2020 is drawing to a cash offer was just over $ 1.5M we... 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