Registration Form – Single Family Home Lottery

INTEREST LIST

There is a random-number drawing (lottery) for two Single Family Homes: 1415 California Avenue, Lot #1 and 1460 Columbia Place, Lot #55. In order to participate in the lottery, all faculty eligible to purchase a University Terrace home must complete and submit a registration form (interest list application) and participate in an Open House. Faculty couples with dual eligibility may apply individually. Lottery participants who have reserved a single-family home are not eligible to participate in the lottery. Lottery participants who have reserved a condominium home are eligible to participate in the lottery if they are interested in a larger home. To find out more information, call or visit the Information Center or go to the Interactive Map in The Community section of this website. All participants will be notified after the interest list application has been submitted and will receive a unique identifier. Interest List submissions are neither a guarantee of eligibility nor qualification to purchase. No priority will be given based on the timing of the submission. All entries will be verified by FSH and eligible participants will be notified when their application has been accepted. Applicants may withdraw from consideration prior to the lottery.

Open House attendance required for participation in the Lottery.
Dates : November 16, 2017 and November 28, 2017
Time : 2:00 - 5:00 pm

Registration for the interest list November 14, 2017 - December 1, 2017. The lottery results will be posted on December 6, 2017 at 1:00 pm. More information regarding the purchase process is available here.

Registration is closed.

Need Additional Information?

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Purchase Programsteps to condominium home ownership

Roadmap to Condominium Homeownership at University Terrace

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Condominium Direct Sales Program
Opens January 16, 2018.

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Information Center

Information Center

2500 Columbia Street #116

Palo Alto

California 94304

Hours: Monday - Friday

10:00 am – 5:00 pm

650-724-7262

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January 16, 2018

Condominium Direct Sales Program Opens

First come first serve

Schedule Appointment with Purchase Consultants.

  • We encourage you to schedule an appointment in advance of January 16, 2018 with the University Terrace Purchase Consultants to review available inventory and the Direct Sales Program for the condominium homes.
  • The current condominium inventory is available on the website’s Interactive Map.
  • Eligible faculty will be served on a first come, first served basis. Appointment scheduling will be done at the Information Center located at 2500 Columbia Street #116 beginning at 10:30 am on January 16, 2018.
  • Condominium purchase program workshop to be scheduled on December 14, 2017. Please call or email to register with the Purchase Consultants.
    Phone: 650.724.7262 or info@theuniversityterrace.com
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Purchase Consultants will confirm Eligibility Prior to Home Selection.

 Eligible Faculty

Must be Eligible faculty.

Contact FSH for financing options and affordability

Contact Faculty Staff Housing (FSH)
for affordability and financing options.

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January 16, 2018 at 10:30 am

Condominium Home Selection

First Come, First Served Condominium Home Selection Appointment Scheduling.

Single Family Home 1

Condominium Homes

  • Home selections will begin on January 16, 2018 at 10:30 am at the Information Center located at 2500 Columbia Street #116, Palo Alto, CA. At this time, the faculty can
    1) reserve a home OR
    2) make a future appointment to reserve a home.
  • The reservation will be made on a First Come, First Served basis. Faculty may reserve a home in person, via phone, via email, or through a delegated proxy. Priority will be given to those who reserve in person due to the anticipated on-site demands.
  • Home reservation will be approximately 1 hour in duration to review available homes and complete the reservation form. A reservation deposit of $1,000 will be required at the time of home selection. This is fully refundable.
  • Contract signing appointments will be scheduled within seven (7) days of the home reservation appointment.
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Contracts & Disclosure Appointments

Unique Identifier

Purchase contracts, community disclosures, and other documents will be available after home selections.

 Eligible Faculty

Purchase Consultants will be coordinating contract signing appointments
7 Days after the Home Selection Appointment.

Contact FSH for financing options and affordability

A contract deposit of $4,000
will be required.

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Financing

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APPOINTMENT

Schedule an appointment with FSH to initiate your loan approval process to prepare for the close of escrow on your new home.

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Home WalkThrough

The Purchase Consultants will be coordinating your final home walkthrough approximately 5-10 days before you close escrow.

home walkthrough
home walkthrough foot-prints
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Close of Escrow

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Loan appointment

FSH will be coordinating appointments for lease and loan documents to be signed approximately one (1) week before you close escrow.

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escrow appointment

The title company will provide an estimated closing statement that includes the amount you will need to pay one (1) day before the projected close of escrow. The funds must be sent via a wire transfer or cashier's check to the title company.

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Move In. Welcome Home!

The home is now yours, arrangements will be made for you to pick up your keys.

Move In Welcome Home