It's A Buyer's Market in Silicon Valley: Why Won't The Seller Take Your Offer?

Home buyers are surprised when they make an offer and it is rejected or countered high. After all, this is a buyer's market in Silicon Valley, isn't it? Shouldn't the sellers be thankful that there's an offer at all? Shouldn't they just take any offer they get?

That's how a lot of buyers view the "lay of the land". But even if only one in five homes is selling in Los Gatos, those homeowners do not want to feel like they are "giving away the home". And they'll tell you so.

Buyers want a bargain and sellers want top dollar. Somewhere in between, there's "fair market value". That's a reflection of no undue pressure on either buyer or seller, and also a reflection that both have a normal amount of motivation.

What can you, as a buyer in San Jose, Saratoga, or Los Gatos, do to make sure that you write an offer that can result in a sale (and not just an upset seller with a ridiculously high counter offer)?

There are several things to consider, such as current market conditions, recently sold comparable properties, and what the seller needs for this sale to make sense. With the right approach, you can make it a win-win situation. To view a complete list, please see my Los Gatos blog. The ideas will work anywhere in California (and for that matter, in any market).

Want to Buy a Home in Los Gatos?  Some Tips to Get Your Home Purchase Offer Accepted!