The housing market in the Bay Area is as magical as 2020.Historically low interest rates and limited housing in the market, The general trend of work from home has made detached houses with large yards extremely popular, and I have also become a member of the tide of house looting.

My wife and I are now dual employees in Silicon Valley. We have been renting a house since we moved to the Bay Area from the east a few years ago. Recently we decided to buy a house in the Bay Area. After months of house inspections and negotiations, the house was finally closed. Everyone share our homeIt is not a tortuous but also a lot of thoughtful process of buying a house.

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Housing demand

Because I used to live in the big eastern house before, I have more things at home.In addition, when we first came to the Bay Area, we rented a big house here that is big, nice and good school district.But when it came time to buy a house, I ran into difficulties, not only wanted to continue living in a big house, but also wanted to buy a school district house.Where can I find such a house in the Bay Area?But the school district housing did not meet our needs, so we waited until we did not need the school district housing before deciding to lock the area where we bought the house in Saratoga.Recently, my friends who understand the market in the Bay Area should have also heard about Saratoga’s house after wfhEspecially hot.Even though the price is expensive, it is a battleground in the Bay Area.

I want to make an offer because of impulse

The last time I saw a house was a 2366-foot house in Saratoga. It met our needs for a large house and the decoration was ok. Although my wife and I were not so satisfied (for example, swimming pools and indoor projection halls did not seem to meet our needs) But try to convince yourself that these problems can be solved by remodeling.But Diana did not recommend us to make an offer, and told us, "I can buy this house for you. Later, you will spend a lot of money to change it to meet your needs. Even some structural parts that cannot be changed will become very difficult. Chicken ribs, soNever buy a house just to buy a house, you must buy a house that suits and meets your needs."After discussing it, we decided to abandon this house and continue the inspection.

Encounter dream house

In the next week, by chance, we came across our favorite house in Saratoga area. The house was added and it was built 3195 square feet.We are very satisfied with every decoration and structure of the house.We looked at the house twice and bid three times.In the end, in more than a dozen offers, he finally won the house without risk!

👉First visit

After learning about it, I found that more than 30 groups of people in this house have visited the house, more than 20 disclosures went out, and it is estimated that there will be about 10 offers.We are immediately ready for real estate hegemony strategy.

👉Second visit

Our agent took the contractor and looked at the house again, listed the problematic items in the report, and informed them of the areas to be repaired in the future, the quotations, etc., and made sure that this is the house we like.After Diana’s judgment, the strategy to win the multiple offer must bepresent offer in person.

👉 Round XNUMX: Test the reserve price

Diana arrived early the next morningThe office of the listing agent shows our love for the house with a love letter.Before that, I learned that this house is listed in2.775M, But through Diana, I learned about the market situation and the opinions of the residents around the house.It is concluded that the house is so big and the condition is still so good, plus another agent who just sold the house in that area at that time estimated that it was almost the sameValue 3.2M, But Diana still decided to help us buy it at the lowest possible price, so for the first present, we decided to start2.88MStart.

👉The second round: create a good impression

But after the presentation, the listing agent hinted that other buyers had already offered higher prices. (After pre-communication, the agent is willing to share the information with us)

Then we decided to increase the price to2.9M

👉Round XNUMX: Good interaction with sellers

At that time, the seller singled out more than 10 offers to bargain with 3 buyers.It turns out that there are three prices at the same time2.95.Originally thought that whether or not we could win this house depended on fate, but the seller saw our love etter and took the initiative to call to talk, so we also got the opportunity to negotiate!

👉Take the offer

Finally, after 2 and a half days of unremitting efforts, we finalized the agreement with the seller2.975The final price won the offer.Perfectly won more than 10 people!

My agent Diana helped me a lot during the months of buying a house

If I don’t push, I will make an offer to increase the price. Every round of negotiation is very stable

Senior real estate negotiation expert Diana Ye

will be12July 22nd at 7pm (PST) Free online seminar

Help you answer these doubts

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Main content of the lecture

1. How to grab multiple offer listings and avoid multiple accompany running?

2. Six bargaining chips for buying a house

3. A good house in a good area is hard to get, so do you want to buy a new house?

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