Compromise on floor plan? School district? Neighbors? The Silicon Valley market forces home buyers to make tough choices.
This infographic based on input from realtor.com might be good advice in many parts of the country, but the extreme seller’s market we have here forces buyers to compromise on things that might be non-negotiable elsewhere.
Take floor plan. Yes, it’s expensive to take down walls and expand. But realistically, what choice do many buyers of single-family homes have? Virtually all of the Valley’s “affordable” housing stock–and even most of its midrange housing–was built thirty, forty, sixty or more years ago. It’s functionally obsolete: livable, but without the open plan or space that today’s buyers want. Holding out for a relatively affordable Valley single-family home that reflect today’s tastes and lifestyle is a non-starter. That’s what new townhomes are for.
Checking a school district’s website for boundaries is fine, but I doubt you’ll find any district that guarantees its online attendance map is 100 percent accurate. An even better idea is calling the district’s attendance office. That’s the time to find out whether your child will go to the school you think he or she will go to. Popular schools may not be able to take all the kids living within their attendance area.
Neighbors? That can change. The old couple who’s let their house run down may not be there next year. But if there’s a hacker house next door, with people (and plenty of them) moving in and out every few months, assume that the landlord will be packing ’em in like sardines for the foreseeable future.
copyright © John Fyten 2017