In the Bay Area, a typical down payment ranges from 10% to 20% of the home’s purchase price. However, some buyers may qualify for loans with as little as 3% down. Keep in mind that larger down payments can strengthen your offer and reduce your monthly mortgage payment.

Starter homes in Silicon Valley typically range from $900,000 to $1.4 million, depending on the location, condition, and size. Condos and townhomes are often more affordable entry points into the market.

The market remains competitive, especially in desirable neighborhoods like Campbell. While rising inventory has eased some pressure, well-priced homes still receive multiple offers. Being pre-approved and working with a knowledgeable local agent can give you an edge.

Once your offer is accepted, closing typically takes 21 to 30 days. This timeline depends on factors like loan approval, inspections, and appraisals. Cash offers may close even faster.

More inventory means more options and potentially less bidding competition. Buyers may gain negotiating power, especially on homes that have been on the market for more than two weeks.

Yes, it’s possible. Strong offer terms, a solid pre-approval, a personal letter to the seller, or a quick close can help offset the need to waive contingencies. Your agent can help craft a competitive offer that still protects your interests.