Registration Form – Single Family Home Lottery

INTEREST LIST

There is a random-number drawing (lottery) for two Single Family Homes: 1635 California Street, Lot #18 and 1655 California Street, Lot #19. 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 Dates*

Dates :
Date: Friday, June 8th
Time: 4:00 – 5:00pm
Date: Monday, June 11th
Time: 10:00 – 11:00am
Date: Wednesday, June 13th
Time: 3:00 – 4:00pm
Date: Tuesday, June 19th
Time: 11:00 – 12:00pm
Date: Thursday, June 21st
Time: 4:00 – 5:00pm
Date: Wednesday, June 27th
Time: 12:00 – 1:00pm

*Also available by appointment

First Name
Last Name
Email
Phone Number
Address
City
Zip Code
Preference:
School-Age Children?:
Are these children currently enrolled in the Palo Alto Unified School District?:
Age
Grade
_
+
* All fields are required.

Need Additional Information?

stanford-housing-purchase-program-banner

Purchase Programsteps to condominium home ownership

View Available Inventory

Roadmap to Condominium Homeownership at University Terrace

web-information-list-icon

Condominium Sales Program
Move-In Ready Homes Available for Sale

1

VISIT or CALL the Information Center to SCHEDULE an APPOINTMENT

Information Center

2500 Columbia Street #116

Palo Alto

California 94304

Hours: Monday - Friday

10:00 am – 5:00 pm

650-724-7262

2

Condominium Sales Program

First come first serve

Schedule Appointment with Purchase Consultants.

  • Schedule an appointment with the University Terrace Purchase Consultants to review available inventory and the Sales Program for the condominium homes.
  • Phone: 650.724.7262 or info@theuniversityterrace.com
  • The condominium inventory is available on the website’s Interactive Map.
3

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.

4

Condominium Home Selection

Schedule the Condominium Home Selection Appointment.

Condominium Exterior

Condominium Homes

  • Faculty may reserve a home in person, via phone, via email, or through a delegated proxy.
  • 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 providing the necessary time to review the associated disclosure documents.
5

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.

6

Financing

web-information-list-icon

APPOINTMENT

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

7

Home WalkThrough

The final home walkthrough will be coordinated approximately 5-10 days before you close escrow.

home walkthrough
home walkthrough foot-prints
8

Close of Escrow

web-information-list-icon

Loan appointment

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

web-information-list-icon

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.

9

Move In. Welcome Home!

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

Move In Welcome Home