Tue07222014

News

Q&A with Anne Wojcicki: 23andMe founder, local resident discusses Los Altos investments

Q&A with Anne Wojcicki: 23andMe founder, local resident discusses Los Altos investments


Anne Wojcicki

For the past several years, Anne Wojcicki (Wo-JIT-skee) has been quietly involved in efforts to spruce up downtown Los Altos. She and her husband, Google Inc. co-founder Sergey Brin, helped form Passerelle Investment Co., which own...

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Schools

Foothill fall registration opens Monday

Local residents interested in earning a specialized career certificate, associate degree or updated job skills can enroll beginning Monday when Foothill College opens fall registration.

In addition to its continuing-education courses, the college pr...

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Community

Sports

Stewart accepts job as baseball coach at Los Altos High

Stewart accepts job as baseball coach at Los Altos High


Los Altos High administrators offered Gabe Stewart the job of head baseball coach at Los Altos High even before he could apply for it.

“They approached me – they wanted an on-campus coach,” said Stewart, an AP History teacher at ...

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Comment

A good start – now follow through: Editorial

The recent announcement of a five-year agreement between the Los Altos School District and Bullis Charter School is welcome relief for the entire community. After years of dispute and litigation, the pact is nothing short of a minor miracle.

Among t...

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Business

In the business of fostering business

In the business of fostering business


took over as Los Altos’ new economic development coordinator in May after spending the past two years working as city assistant planner. Ellie Van Houtte/ Town Crier

Sierra Davis is wearing a slightly different hat these days as a Los Altos cit...

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Books

"Frozen in Time" chronicles harrowing WWII rescue attempts


Many readers can’t resist a true-life adventure story, especially those that shine a spotlight on people who exhibit supreme courage in the face of adversity and end up surviving – or not – against the odds.

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People

GORDON E. BRANDT

GORDON E. BRANDT

In May of 2014, Gordon E. Brandt passed away after a one and one half year battle with Lymphoma. He died peacefully at home, surrounded by his family.

Gordon was born in Los Angeles, CA on July 13, 1930. He graduated from Fremont High School in 19...

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Travel

British Columbia: Richmond, Steveston, Victoria hold surprises

British Columbia: Richmond, Steveston, Victoria hold surprises


Courtesy of Tourism Richmond
Shops, restaurants and museums dot the boardwalk in British Columbia’s Steveston, a great site for strolling.

Picturesque British Columbia has long been on our bucket list, and we recently fulfilled that dream.

We...

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Stepping Out

LA Youth Theatre, LA Stage Company join forces for 'Oz'

LA Youth Theatre, LA Stage Company join forces for 'Oz'


Joyce Goldschmid/Special to the Town Crier
The cast of “The Wizard of Oz” includes, clockwise from top left, Dana Levy (as Tinman), Rebecca Krieger (Cowardly Lion), Sarah Traina (Scarecrow) and Osher Fein (Dorothy).

Los Altos Youth Theatre and L...

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Spiritual Life

Stanford students study religion through campus artifacts

The inscriptions inside Memorial Church, the death mask of Jane Stanford and the nod to the Egyptian ankh symbol formed by Palm Drive and the Stanford Oval all have one thing in common: Each was a topic of discussion for the students enrolled in a un...

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Magazine

Festival features fun for everyone

Festival features fun for everyone


TOWN CRIER FILE PHOTO
The Los Altos Arts & Wine Festival boasts more than 375 craft and arts booths.

This weekend’s 35th annual Los Altos Arts & Wine Festival promises to be jam-packed with fun activities for just about everyone. The eve...

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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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