San Jose is one of the most exciting — and competitive — real estate markets in the country. With tech giants, stunning weather, and top-rated schools, it's no surprise homes here move fast and often above asking price.

But buying a home in Silicon Valley comes with its own set of challenges. If you're planning to buy in San Jose, watch out for these 9 common mistakes that could cost you big.

1. 💸 Underestimating the True Cost of Ownership

It’s not just about the down payment. In San Jose, you need to factor in property taxes, insurance, HOA fees, maintenance, and higher utility costs. Budget smart — surprises here can be expensive.

2. 📝 Skipping Pre-Approval

In this market, pre-approval is your ticket to compete. A pre-qualification letter won't cut it. Sellers want to see that you're financially ready — or they'll move on to the next offer.

3. 💰 Lowballing in a High-Stakes Market

Trying to “get a deal” in San Jose can leave you empty-handed. Many homes sell for tens of thousands over asking. Your offer needs to be competitive and well-structured from the start.

4. ⏳ Waiting Too Long to Act

See a home you like? Move fast. Desirable listings can go pending within days — sometimes hours. Hesitation can cost you the home of your dreams.

5. 🚗 Ignoring Commute & Location Needs

With dense traffic and long commute times, don’t just focus on the house — focus on your lifestyle. A longer drive to work or schools can quickly turn into daily frustration.

6. 🔍 Skipping or Rushing Inspections

Even newly remodeled homes can have issues — especially in earthquake zones. A thorough inspection is non-negotiable in this market.

7. 🏫 Overlooking School Zones

Even if you don’t have kids, school districts matter. Homes in top-rated zones often hold their value better and are easier to sell later.

8. 💳 Overextending Your Budget

It’s easy to stretch your budget in a bidding war. But stretching too far can mean financial stress in a city where everything costs more. Know your limit and stick to it.

9. 🌍 Using Out-of-Area Lenders or Agents

San Jose has its own rhythm and nuances. Working with local lenders and agents who know the area can mean the difference between closing smoothly or losing out entirely.

✅ Final Thoughts

Buying in San Jose can be thrilling — and a great investment. But with prices, competition, and pace all at an all-time high, you need a smart strategy and a savvy team on your side.

Let’s connect and create a strategy that works for you.

📞 Call/Text: (408) 687-6109
📧 Email:chris@affinityhomeloans.com
🏢 Company: Affinity Mortgage
🌐 Expert Guidance by Chris Johnson