Here you are, having completed Step 1, Step 2, and Step 3 of the home buying process in San Francisco. Now what?

This is the moment you’ve been waiting for. You’ve found the perfect (or almost perfect) property, you’re educated on the market, you’ve seen what other comparable properties are selling for, you love the area, the price is right, and you’re ready to go for it. Even though you could have theoretically made it this far without a Realtor, now you need one. You can choose to work with the agent listing the property, or you can hire your wife’s brother’s best friend’s uncle (it happens), or you can simply look no further. (If you’ve read this far, we’re practically best buds anyway.)

Working with a Realtor is going to give you the absolute best shot at securing a property in this competitive market. We could share our secrets of success and how to make your offer as “strong” as you can, but why would we do something silly like letting what could be your competition know how we’re going to play this game?

You can certainly attempt to represent yourself in writing, and presenting an offer too, but I’d say don’t waste your time, or the listing agent’s time. Either hire a Realtor, or work with the listing agent. Our market is so competitive that any money you think you’ll be saving by claiming to represent yourself will be money the listing agent might lose for their seller, or money they could have earned for themselves, so we’re totally comfortable sending you packing. In a stack of 15 offers, you representing yourself will certainly be put at the very bottom. Sad, but true.

So what price should you offer? That’s a tricky question, that depends a lot on how busy or attractive a property is, how long it’s been on the market, has the price been reduced, did it just come back on the market, etc. If you come across a property that has only been marketed two weeks, offers are being accepted on a certain day, and the agent tells you there has been about 250 people through the property, they’ve handed out 30 disclosure packages, and they expect to realistically receive 15 offers…don’t offer asking price! You’re dreaming!

We could go on and on about writing an offer, selecting a price, reviewing disclosures, and everything that goes into presenting an offer, but you’re better off just knowing writing an offer is the next step, and you’re going to want to have a Realtor on your side.

Step 5 is coming soon, so check back, or grab our RSS, and get new updates via email.

–Buying a Home In San Francisco – Step 1: Get Pre-Approved / Provide Proof Of Funds [theFrontSteps]
–Buying a Home In San Francisco – Step 2: Get New Listings Fed To You Automatically [theFrontSteps]
–Buying A Home In San Francisco – Step 3: Go See Some Property [theFrontSteps]