Real Estate

Archive for October, 2010

Silicon Valley Luxury Homes Silicon Valley Luxury Real Estate

Situated in Santa Clara County 50 miles south of San Francisco Silicon Valley luxury homes can be found in San Jose Palo Alto Mountain View Sunnyvale Fremont Milpitas Menlo Park Cupertino Los Altos Los Gatos Campbell and Santa Clara. Silicon Valley luxury real estate houses more hightech jobs per capita than anywhere else in the nation so it’s reasonable to assume the residents living in Silicon Valley homes are quite affluent.

Computer technology was born in Silicon Valley luxury real estate. Some of the highpaying companies that have their headquarters or at least a major presence here include: IBM Sun Intel Sony Yahoo Cisco Apple Hitachi Netscape Microsoft Google Symantec eBay Facebook Netflix TiVo and more. A number of highlevel government and military employees work at Moffett Federal Airfield NASA Ames Research Center and Onizuka Air Force Station. Students congregate at Stanford University San Jose University and Santa Clara University.

Typically there has been so many jobs in Silicon Valley that local recruitment efforts spawned a whole industry of its own. The California Employment Development Department says that jobs still abound in biomedicine software programming secondaryschool teachers environmental consultants biofuel research infrastructure and commercial loan officers. The shaky economy brought bad news for midwage earners living in Silicon Valley luxury homes as the region shed construction hospitality retail and financial service jobs. However the Valley saw gains in higherpaying education social assistance healthcare and business service jobs. Also more than 1.5 million “green” jobs have been created in California over the last thirtyfive years generating 45 billion in payroll with many of those jobs right here in Silicon Valley luxury real estate.

Of course career opportunities are just one component of this gorgeous region. Mountainous fertile valleys bordering the Pacific Ocean and pleasant weather allyearround are some of the obvious perks. Residents never need heat or air conditioning since the temperature is so mild. San Jose is ranked “one of the best places to live” by Money Magazine. The cost of living here is considered expensive but it keeps the riffraff out. San Jose has the least expensive Silicon Valley luxury homes while Palo Alto and Menlo Park are two of the ritzier areas. That being said Silicon Valley paychecks compensate for the higher cost of living with the average salaried working bringing in around 93876.

For entertainment residents of Silicon Valley luxury real estate can drive just five hours to Lake Tahoe home to skiing and snowboarding in the winter or boating gambling and nature walks in the warmer months. Moreover Reno nightlife is just another hour away making it a perfect weekender. San Francisco with all its historic charm and culture is only one hour North of Silicon Valley as well. Napa Valley wineries are a big draw for the Silicon Valley aristocracy. The Santa Cruz beach boardwalk is a great place to take the kids for an afternoon. Yosemite National Park is nearby with mountains rock formations valleys geysers wildlife and waterfalls. The Monterey Peninsula also has one of the nation’s best aquariums and a number of historical sites. Amusement parks are located in Los Gatos Gilroy Willow Glen Santa Clara and East San Jose. For the nature enthusiasts there are more than twentytwo national and state parks in the area with hiking trails and amazing views of the Valley. Silicon Valley luxury homes offer the most convenient location in California right in the heart of it all.

About the writer:  Silicon Valley luxury homes may not have basements and may cost a pretty penny but the close proximity to everything and the many highsalaried jobs keep residents plentiful. Sale prices on Silicon Valley luxury real estate have dropped considerably over the years making it a great time to buy.

Scotlands Property Market In August By Austin Lafferty For Housespotters

I may be an old curmudgeon but boy am I glad that July is out of the way. I am probably too Scottish for my own good but I have a thrawn cynical view of holidays. Earning time lost waste of money on Sangria and sunglasses the summer equivalent of Bah Humbug!

So back to the desk and get on with the job. And it may just be that many other Scots have put holidays behind them and are turning minds to business matters specifically property business. As I have been saying in previous months’ reports to you I entirely accept that there is a crunch a downturn and a slowdown in houses and flats. This has been extensively talked up by the media on the basis that bad news is good news for them. I have equally said that the reality is that for many many people it is little more than a hesitation in the market. There is a great swell of folk who both want and often need to move house of buy property. They have a new baby their marriage has split up their marriage is about to start they have died their kids have left home. All these and more are events that trigger the need for bigger smaller or different property. Those properties are still there the mortgage market is still going albeit in truncated form and estate agents and solicitors are still there ready to help.

And now come August more and more people are coming out from the curtains they have been peeping out from and are actually addressing the market. All it takes is a few souls to accept the more realistic pricing on sale and purchase and the trickle of transactions becomes a stream then a river. It might not be the mighty flood it was until last year but I believe we are getting back to business. I also believe that lenders will join in. The Government is talking about a mortgage guarantee scheme but even without that our banks and mortgage professionals are skilled and ingenious people and they need to lend in order to trade.

So put the bucket and spade away there is work to be done.

About the writer:  www.housespotters.com

Rent Try Buy – Rent Try Buy Helps First Time Buyers

Rent try buy is a scheme where the renter of a property attempts to buy it at a later stage. People rent a house for many reasons of which the major being lack of funds to put up a mortgage. In a critical financial position the first option that comes to ones mind is renting an accommodation. This is a safer bet. But every human being has a dream to possess a house during their lifetime. For them the best alternative would be rent try buy.

Managing funds to buy a house is an art by itself with a little bit of homework this task could be accomplished with ease. The first major factor would be to have good credit scores. A good score can make you eligible for a loan and it is the gateway to your dream house. In case your ratings are poor then work on the rating rent an accommodation and use the time to improve your scores. Rent try buy will certainly work in your favor.

First time home buyers have the advantage of lower down payment. Look for such programs and utilize it to your benefit. Government sponsored programs are available which can help you to buy a home.

Rent try buy option helps to save for the down payment. A 20 down payment will help and the balance can be acquired through mortgage if your credit ratings are good.

Rent try buy gives you lot of time to shop for the right house. Do not force yourself into a buy. A leisure shopping for house can save money as well as unwanted complications which may crop up at a later stage. You can search for a property with the help of the internet. There are number of online property shops available where you can choose a house of your choice which fits your pocket.

Before locating a house decide what type of house you would require like how many bedrooms bathrooms garage with or without lawn ventilation play space etc. Instigate a search only if you are sure of these. Of course the price also matters. See how much you can pool in and how much mortgage you can afford. Since monthly payments have to be made; a thorough calculation is required before deciding to own a property. All this thinking should be done before choosing a rent try buy scheme.

A property that comes with rent try buy option should suit your requirements. Do not select a property just because they have less down payment or cheaper rents. Such selections are likely to have some hidden cost. Be careful before you choose rent try buy plan. A thorough reading of the documentation is mandatory.

In case of any doubts in the documentation it is advised to consult experts in the field as they might be able to help you better. Consulting a legal adviser can rescue you from embarrassing situations. Ultimately rent try buy is no doubt the best option for first time buyers.

About the writer:  Rent to Buy is a new approach which provides home buyers the opportunity of home ownership without taking on debt. It works like a normal rental agreement within a normally 2030 rental payment which is put towards the price of the home. OwnYourHome.com.au can help you find rent to buy homes that are right for you.