The smartest move is to respect the pace and the price pressure before you write anything.
Wondering if you need to come in soft, strong, or full caffeine-fueled panic when you make an offer in San Jose, CA? My answer is simple this is not the moment for lazy pricing, because over the previous 30 days homes sold at 104.6% of asking and a typical sale took 9 days.
I would treat San Jose, CA as a market that still rewards preparation, not wishful thinking. Recent supply stood at 1.89 months, and the typical sold price over the previous 30 days was $1,441,000, which tells me buyers are competing in a market with very little room for dawdling. That does not mean every home deserves a heroic overbid and a dramatic soundtrack. It means I would separate the homes that are truly aligned with recent pricing from the ones that are simply dressed up and feeling optimistic, because when the typical sale timeline is 9 days, hesitation is expensive but blind enthusiasm is worse. Get fully underwritten before you shop. Set your ceiling before you fall in love with the kitchen. In San Jose, CA, I would also narrow your list to homes where the asking price actually fits your budget if the final number lands above list, because recent offers landed about 104.6% of asking and the market is not handing out discounts like free samples at Costco.
About Charlie Giang
Charlie Giang is a licensed Real Estate Professional affiliated with Charlie Giang, specializing in the San Jose market. With a focus on strategic marketing and deep local knowledge, Charlie Giang provides clients with expert guidance in navigating complex real estate transactions. View full profile →
