The Office of the Provost, Faculty Staff Housing (FSH) continues to offer on- and off-campus ground-leased homes for purchase via a Lottery Sale. The University reserves the right to repurpose home inventory.
FSH anticipates that the homes will continue to be a mixture of condominium and single-family residences, new construction, recently refurbished, and redevelopment opportunities. Additionally, we anticipate that the Lottery Sale homes will continue to vary in floor plan size and location within the surrounding communities of Stanford, Palo Alto, and Menlo Park.
Lottery Sale Homes are offered to Eligible Faculty who:
- Satisfy all of the Eligibility Criteria for the Lottery Sale home; and
- "Submit an Offer" for the home as outlined on the website for the home; and
- "Complete the Purchase" of the home, as outlined on the website for the home.
Please note that the Purchase Offer Packet must be submitted electronically through the FSH website sales listing by selecting the "Submit an Offer" button on the Lottery Sale Listing page under "Property Features." This will enable you to upload the pre-qualification letter and generate a signed Deposit Form via DocuSign.
Purchase Offer Packets received prior to the submission deadline will be considered as received at 8:30 a.m. on the deadline date. In the event of multiple offers received prior to or concurrently at the deadline, a random-number-generated drawing (the "Lottery") will be conducted to establish a ranking of concurrent buyers. All affected parties will be notified of a lottery drawing. Offers received after the deadline will not be included in the lottery drawing. If no offers have been received by the lottery sale deadline, the listed property will be sold on a first come, first served basis.
Prospective buyers may submit Purchase Offer Packets for multiple lottery sale homes with concurrent offer periods.