How to Make it Big in San Jose Real Estate

Summary: The San Jose real estate market is big and there is a lot of money to be made. But you have to be a strong and skillful player if you want to beat competition.

 So you are looking to make it big in the San Jose real estate market? The good news is that the market is huge and there is a killing to be made here. With seven and a half million people, there is lots of opportunity here. The bad news is that too many people seem to agree, that is to say, if the stakes are high, so is the competition. You are in a big market, so you have to survive amid the cut-throat competition. San Jose real estate market is a lucrative market indeed, because San Jose has grown as one of the largest cities in California and earned the title of sobriquet Capital of Silicon Valley.

San Francisco had for more than 150 years been an agrarian economy, but the latter half of the 20th century saw rapid expansion, partly due to the proliferation of the electronics and high-tech industry. To enter into the San Jose real estate, be well prepared. Know your territory and the way people move in and move out. For instance, keep an eagle’s eye on the areas near the prime high tech companies in Silicon Valley. There is a lot of moving in and moving out of here due to shifting job dynamics. And the crowd in this area is mostly single techies and young families looking for affordable housing.

The San Jose real estate market is big and there is a lot of ground to cover. In such a scenario, if you waste time chasing around unqualified customers who just want to look around and don’t actually buy anything, you are wasting precious time. Knowledge of the city is of paramount importance. If you want to make it big in the San Jose real estate market, you should know the city like the back of your palm. Read maps and acquaint yourself with the name and location of every area in the city.

The city of San Jose is roughly divided into Downtown San Jose, Central, West San Jose, North San Jose, East San Jose and South San Jose. San Jose real estate market sees high prices, mainly because of the presence of large multinationals and Fortune 500 companies like Cisco, Adobe Systems, Sun Power, eBay, Acer, Hewlett-Packard, Hitachi and IBM. Commercial space and office space is much sought after in the Greater Metropolitan Area. Prices for office space can range anywhere between $2 and $5 for a square foot.

Written by Carol Pefley

www.carolpefley.com

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