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News

LASD approves advisory committee expansion

Los Altos School District trustees approved a resolution Aug. 25 to expand their Facilities Master Plan Advisory Committee, which provides the district with advice on future facilities projects.

The resolution broadened the membership of the committ...

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Schools

Program turns parents into school-day advocates

Program turns parents into school-day advocates


Courtesy of Sonia Maiello.
Project Cornerstone parent reader Sonia Maiello regales a Montclaire classroom.

Parent volunteers at Montclaire Elementary School in Los Altos are gearing up for the seventh year of Project Cornerstone, a countywide YMCA ...

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Community

'Beach Blanket Babylon' star entertains Rotary Club

'Beach Blanket Babylon' star entertains Rotary Club



“Beach Blanket Babylon” star Tammy Nelson entertains members of the Rotary Club of Los Altos Aug. 21. Jerry Tomanek/Special to the Town Crier

Wearing 300-pound hats as she belts out clever, zany and often bawdy songs, Tammy Nelson stars in th...

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Sports

Eagles, Spartans gear up for gridiron season

Eagles, Spartans gear up for gridiron season


Photos by Ellie Van Houtte/Town Crier
Los Altos and Mountain View highs have new starting quarterbacks this year, with Kyle Gnoud, above, taking over for the Eagles.

If any game defined the 2013 football seasons for Los Altos and Mountain View highs...

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Comment

You may have already won!: A Piece of My Mind

There is something irresistible in the idea of buried treasure brought to light. We love to hear about the dusty picture in the attic that turns out to be a genuine Rembrandt, the stock certificate in the bottom of the neglected safe deposit box tha...

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Special Sections

A Chrysler comeback New 200C is proof the company is relevant again

A Chrysler comeback New 200C is proof the company is relevant again


Courtesy of Chrysler
The 2015 Chrysler 200C offers a 295-horsepower V-6 engine and the SafeTec package. The interior features comfortable front seats, lots of legroom and a restyled center-console area.

The reborn Chrysler Corp. is a success story ...

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Business

Modern art exhibit comes to Los Altos: Passerelle teams with Christie's on pop-up venture

Modern art exhibit comes to Los Altos: Passerelle teams with Christie's on pop-up venture


images courtesy of Christie’s 2014
Christie’s auction house will host a pop-up exhibit Sept. 10-18 in downtown Los Altos. Works on display will include Roy Lichtenstein’s “Girl in Mirror,” valued at $2 to 3 million and a 2013 untitled work by Korak...

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Books

‘The Humans’ transcends alien genre to glean human insights

‘The Humans’ transcends alien genre to glean human insights


A good story about aliens is always great fun to read – after all, it’s only by attempting to understand the human race from another perspective that we can see ourselves more objectively.

But readers who might be tempted to dismiss ye...

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People

SARA MITTELMAN

Sara Mittelman, 97, was born May 10, 1917 and died August 15, 2014 at Menorah Medical Center. She was born in Pilica, Poland and came to the USA in 1950. Sara was a Holocaust survivor who lost her entire family during the war. She was one of the olde...

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Travel

Visiting Vancouver Western Canada's premier destination has much to offer

Visiting Vancouver Western Canada's premier destination has much to offer


Photos courtesy of TOURISM VANCOUVER
Outdoor adventures abound in and around Vancouver, including a boat excursion into Horseshoe Bay and a jaunt on the Cliffwalk at Capilano Suspension Bridge Park, among the most popular attractions in British Col...

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Stepping Out

Los Altos Stage Company attaches itself to

Los Altos Stage Company attaches itself to "Trailer"


COURTESY OF LOS ALTOS STAGE COMPANY
The cast of “The Great American Trailer Park Musical” includes, clockwise from left, Mylissa Malley (Lin), Christina Bolognini (Pickles) and Vanessa Alvarez (as Betty).

Los Altos Stage Company launches its 19t...

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Spiritual Life

Spiritual Briefs

Meditation group meets at Foothills Congregational

A Weekly Meditation Practice group meets 7-8:15 a.m. Tuesdays at Foothills Congregational Church, 461 Orange Ave., Los Altos.

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Magazine

Los Altos Hills home showcases resort-inspired living

Los Altos Hills home showcases resort-inspired living


Courtesy of Spectrum Interior Design
In place of a more traditional fireplace, this modern living room features a linear-flame firebox that emits heat while offering a sculpturelike design element.

After traveling the world and visiting a host o...

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Competing with cash offers in the real estate market

It is no secret that even as the local housing market is doing much better these days, it is tough out there for the typical homebuyer – and even tougher for first-time homebuyers.

Because interest rates are still low and inventory is tight, homebuyers are continually losing out to all-cash buyers and investors.

“We are seeing our inventory rise, but not enough to accommodate the demand for homes,” said Carolyn Miller, president of the Silicon Valley Association of Realtors. “Mortgage interest rates are edging upward, and many homebuyers feel they are being squeezed out at a time when they still see a window of opportunity.”

Miller, who has practiced real estate for more than 30 years, has seen more than her share of challenges in the market for all types of buyers and sellers. She said first-time buyers typically face more financial challenges and are less familiar with the complexity of a transaction compared to repeat buyers.

“These homebuyers get so frustrated that they either drop out of the market or make a wrong decision,” she said. “As realtors, it is our job to manage their expectations, help them understand the complexities and financial aspects of a home purchase and prepare them to move quickly in a market where there is a severe shortage of inventory.”

Miller noted that the following strategies may help homebuyers compete in this market.

• Get preapproved. Secure a preapproval letter from a mortgage lender. It is not enough to get prequalified. Getting preapproved is more in-depth than getting prequalified. The process includes an analysis of your credit report and an extensive financial background check. Your lender will be able to tell you the specific mortgage amount for which you are approved and the interest rate you would be charged. You might even be able to lock in a specific rate. Preapproved buyers have an edge with a seller over those who are not preapproved because they have a commitment in writing from their lender. This lets the seller know that they are serious and can afford to purchase the home.

• Check the disclosure documents. When you find a property you like, review and understand the disclosures the listing agent prepares and provides. If you don’t understand something, ask questions and have your agent find the answers. Some realtors schedule inspections when they obtain the listing and use those reports as working documents to prepare the house. There may be differences between what the house is now and what it was then.

• Prepare a clean offer with the help of your realtor. Rather than worrying about the little things, be concerned about the big ones. Be genuine and honest when you make the offer. Remember that obtaining a loan is normal. After all, it’s all cash to the seller at close of escrow, and cash offers don’t always close quickly.

• Write a letter. Write a letter to the sellers telling them why you like the home, why you can see yourselves living there, etc. Owners usually love their homes and want you to feel the same way. Express your heartfelt feelings. Cash buyers may not always want the home for their residence, and that can make a difference to a seller.

• Have your agent present your offer personally. If at all possible, have your agent present your offer in person to the listing agent and seller. Real estate is a very intimate business, and an agent personally presenting a client’s offer can make all the difference.

“Remember that it’s not always all about cash. If you have all your ducks in a row, your offer will be fine,” Miller said.

The Silicon Valley Association of Realtors provided information for this article. For more information, email Rose Meily at This email address is being protected from spambots. You need JavaScript enabled to view it. .

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