How to Make an Offer on a House in San Jose
So, you’ve finally found the house of your dreams. Now what? It’s time to make an offer! But before you dive in, be sure to understand all the steps that are involved. Here's a step-by-step checklist to making an offer on a house in San Jose so you can be sure you have all your ducks in a row when it comes time to seal the deal.
Watch my video on the ins and outs of making an offer on a home in San Jose!
What your agent (or you) should research -
Recent comparable sales
Property activity: will you have competition/multiple offers?
Costs to move in/repairs and who pays?
Special terms the seller wants?
Watch my video on 5 secrets to get offer accepted -
Research Comparable Properties
Before making an offer, it’s important to do some research into comparable properties in the area. This will help you determine whether or not the asking price is fair and if there’s room for negotiation. Additionally, researching comparable properties can help provide insight into what type of financing options may be available for the home as well as its potential resale value down the line.
Starting your home search and want guidance? Search all properties here and exchange comments and questions on listings.
Get Pre-Approved for Financing
Always get pre-approved for financing before making an offer on a house. This will not only give you peace of mind but will also show potential sellers that you are serious about purchasing their property and have taken steps to secure funding. When getting pre-approved, make sure to ask your lender about any special loan programs they may have available as well as any closing costs associated with the loan terms.
Before making an offer on a house, have these items ready -
Proof of downpayment and closing cost funds
Pre-approval letter, ideally underwritten letter
Closing time frame
Terms/contingencies for loan, appraisal and property investigations
Looking to buy soon? Schedule a buyer consultation so you can learn tips and tricks to prepare for an offer once you find the house!
Purchasing a house is no small feat—but with some preparation and knowledge, it does become much easier! Following these offer writing tips should help take some of the worry out of making an offer on a house in San Jose. Having a great buyer's agent is very valuable! You can focus more on enjoying the process of finding your perfect home sweet home! Good luck!