The real estate market in Walnut Creek, the East Bay, and across California is feeling a bit unpredictable in the spring of 2025. Many buyers are uncertain about when to jump in, worried about interest rates, and confused about how much they really need to put down. As a result, buyers are making some common mistakes that could cost them time, money, or even their dream home.

At Ask Brendan, we’re here to help you navigate the ups and downs of the Walnut Creek and East Bay housing market with clear answers and practical advice. Let’s break down the three biggest mistakes buyers are making right now—and how you can avoid them.

Mistake #1: Thinking You Need 20% Down to Buy a Home

A lot of buyers believe that putting 20% down is an absolute must. The truth? It’s not. While a larger down payment does reduce your monthly mortgage payment, there are many loan programs that allow much lower down payments. The key is understanding that you marry the house, but you date the rate.

Interest rates are higher now than they were a couple of years ago, but they fluctuate. Many buyers wait for rates to drop before buying, but when rates go down, home prices often rise in response. The smart move is to buy now if you find a home you love. You can always refinance later when rates improve to reduce your monthly payment.

Mistake #2: Waiting Too Long to Enter the Market

Some buyers have been on the sidelines for months, hoping for the perfect time to jump in. Meanwhile, more buyers are returning to the Walnut Creek and East Bay market as sellers become more motivated and listings increase.

If you see a home that’s well-priced and in good condition, expect competition. Multiple offers are still common in many parts of California due to the decades-long shortage of housing supply. Waiting too long can mean missing out on your ideal home.

Mistake #3: Trying to Time the Market

Timing the California real estate market perfectly is almost impossible. If you could predict exactly when to buy, you’d be doing something else with your time—maybe relaxing on a yacht! The reality is, there’s never a perfect or terrible time to buy.

If you find a home you can afford and want to live in, that’s the right time to buy. Over the years, real estate values tend to appreciate, and your equity will likely grow—even if you paid a bit more than you initially wanted.

What This Means for Walnut Creek and East Bay Buyers

The real estate market in Walnut Creek and the broader East Bay area is unique but follows many of the same trends across California. With limited inventory and fluctuating interest rates, being prepared and making informed decisions is more important than ever.

If you want to avoid common pitfalls and get expert answers to your Walnut Creek real estate questions, Ask Brendan is here to help. Whether you’re a first-time buyer or looking to upgrade, we provide insights tailored to this dynamic market.

Ready to Take the Next Step?

Don’t let uncertainty hold you back from making one of the most important investments of your life. Reach out to us with your questions about buying homes in Walnut Creek, the East Bay, or anywhere in California.