Real Estate of Los Altos

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The Department of Real Estate provides regulation of all properties being subdivided into four or more condominiums. This provides protection to all purchasers of the resulting condominiums and shows that the developer has followed all of the rules set forth by that governing body.
Department of Real Estate Process
The process of obtaining approval for a subdivision, lot split, flag lot, or conversion can take six to twelve months and must dovetail with the City or County that has jursidiction over the property. The following list of tasks must be performed: 

Real Estate Attorney

            Articles of Incorporation

            CC&R�s

            By Laws

DRE Application Consultant

HOA Budget Preparation

Submit Notice of Intention to DRE

Prepare Application for Minimum Filing Package

Prepare Civil Drawings, Plot Plans

Prepare full set of drawings and submit for reference

Tentative Map

Phasing Plan, list of units

RE Form 624A: Common Facilities for the HOA

RE Form 623: HOA Budget

Financial Arrangement to assure completion of common facilities

            Receive Conditional Approval from City and/or County

            Preliminary Title Report

            Water Company approval

            Flood Report

            Schools Report

            Sample Grant Deed

            Escrow Instructions

            Common Area Conveyance

            Subordination

Submit Application

Substantially Complete Package and Application

Final Public Report Process Begins

Receive Conditional Report

Qualitative Deficiency Notices for corrections and additions to the package

Budget Deficiency Notices for errors to the budget

Obtain Bonds for:

            Common Area Construction

            Public Works Construction

            Street Improvements

            Substantial Completion

Record Final Map

Receive Title Report

Receive Title Insurance

Obtain new APN numbers

Receive Original of the Public Report

Provide copies to buyers and take receipts

Return the original and two copies to the DRE

Developer hold copies of receipts for buyers for three years


Sponsored by Dave Luedtke, one of the best realtors at Coldwell Banker in Los Altos.

Tele: 650-917-7960
dave.luedtke@cbnorcal.com
www.daveluedtke.com R.E. License 01434940

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