Why I Wouldn’t Wait Until Spring to Buy

Why I Wouldn’t Wait Until Spring to Buy

Remember when buyers were wishing for a little less competition? A chance to go back for a second look. Time to think. The possibility of making an offer without having to outbid a room full of other buyers.

For some homes in Lamorinda, that’s the opportunity we’re seeing now.

I’ve recently helped buyers negotiate prices considerably below what I believe those same homes could command in a more competitive spring market. That’s why I feel strongly that it’s worth looking now.

Higher mortgage rates understandably give buyers pause. But the interest rate is only part of the picture. The purchase price matters, too. So does having the chance to choose a home you really want, rather than settling for one you can win.

With less competition, you may have more room to negotiate on price and terms, including the possibility of buying at asking price or below. That doesn’t mean every seller will accept a low offer. Well priced, well prepared homes can still attract multiple buyers. But there’s room for a conversation that wasn’t always possible in a more competitive market.

Waiting until spring doesn’t guarantee a better deal. There’s no guarantee rates will be lower, and if they do fall, you probably won’t be the only buyer ready to jump back in.

My advice? Keep looking. Be thoughtful about the numbers. And if the right home comes along with a payment you’re comfortable with today, don’t overlook it simply because you planned to wait until spring.

September in Lamorinda: More Choices for Buyers

We saw more homes come on the market across Lamorinda in September, with 31 new listings in Orinda, 43 in Lafayette, and 21 in Moraga.

Prices and sales activity were more of a mixed picture. Orinda’s median sale price was $1,750,000, Lafayette’s was $1,896,000, and Moraga’s was $1,462,875. Lafayette had the most closings with 29 homes sold, followed by 21 in Orinda and 14 in Moraga.

What do I take away from this? Buyers have more options, and sellers need to pay close attention to how their home compares with the competition. Preparation and pricing matter.

I’m also careful about reading too much into one month’s median price. With relatively few sales in each town, the mix of homes that closes can move that number quite a bit. It doesn’t necessarily mean your own home’s value has changed by the same amount.

If you’re curious about what’s happening in your neighborhood or price range, reach out. I’m always happy to talk through the specifics with you.

Featured Listings

8 Ramona Dr, Orinda | $2,198,000

Completely remodeled with four bedrooms, two bathrooms, and bright, open living spaces. An updated kitchen and flat, landscaped backyard make this home an inviting spot for everyday living and entertaining.

240 Tappan Ln, Orinda | $4,395,000

Set on 4.63 private acres above Briones Reservoir, this contemporary home offers six bedrooms, 6.5 bathrooms, and 6,800 square feet. Walls of glass frame the views, while a pool, home theater, and four car garage round out this distinctive property. Now offered at a new price.

October Around Town

A few local outings for your October calendar, from picking pumpkins to collecting candy.

• Shadelands Pumpkin Patch | Through October 31

  Still need pumpkins for the front porch? Head to Shadelands Ranch Museum at 2660 Ygnacio Valley Road in Walnut Creek. Open daily from 9 a.m. to 9 p.m.

• Lafayette Res Run for Education | Sunday, October 18

  Get outside with friends and neighbors while supporting local schools and community programs. Choose a 5K, 10K, or 2 mile run or walk.

• Orinda Trunk & Treat | Thursday, October 22

  Bring the kids in costume to the Orinda Library Parking Garage and Plaza from 4:30 to 6:45 p.m. for games and candy. Stay for dinner at the final Taste of the World food truck evening of the year.

• Lafayette Trick or Treat Street | Friday, October 30

  Start Halloween a day early! Participating downtown businesses welcome families for trick or treating from 4 to 6 p.m. along Mt. Diablo Boulevard, Lafayette Circle, and La Fiesta Square.

A Little Halloween Nostalgia

A Halloween throwback to matching cow costumes with Henry! It’s hard to believe how quickly those years went.

If you’re planning your trick or treating route this year, a few of my favorite Orinda spots are Orinda Downs, Martha Road in Glorietta, and the Ivy Drive neighborhood.

And if you know where I live, I give out full size candy bars! Hope to see you there!

THINKING OF BUYING OR SELLING? LET’S TALK!

If you have any real estate questions or just want to catch up, I’d love to hear from you! Whether buying, selling, or just keeping an eye on the market, I’m here to help.

I’d always love to hear from you!