Silicon Valley Home Buyers: Techies Like To Design Their Own

There are lots of home buyers in the Silicon Valley who look to buy and fix, buy and flip or buy and tear down. Of course, a good percentage of buyers are really looking for a house just to buy and move in to, but with the prices and resale values the way they are, investors and people buying and selling for profit are everywhere. Palo Alto real estate leads the way with investors as there is a built in demand of buyers who are looking for homes due to the success of technology companies, foreign buyers and overall high income earners.

A recent article shows that a large percentage of buyers who work in the technology space are looking to buy and tear down, then design their own dream home. It makes sense as “techies” tend to be engineers, and engineers like to design and build things. So, why not build your own home? So, the next time you see a Palo Alto home for sale, think about the lot size and building opportunity to know if you could be going up against a Facebook or Google techie to buy the home. If it’s ripe for a rebuild, then you could face some stiff competition. For the full article, continue reading here.