Many of my clients here in Silicon Valley are highly analytical and risk averse, so want to proceed cautiously, and slowly, with home buying.  Unfortunately, when it’s a hot seller’s market, as it is today in and near San Jose, a long delay in buying can mean higher costs, or worse, getting entirely priced out of the market.

I know first-hand, because I did this myself in the late 80s when purchasing my first home.  The situation was similar.  It was a crazy red hot seller’s market.  Every turnkey home (there weren’t many on the market at all) got multiple offers and massive overbids.  Competitors with the largest down payment and the easiest terms for sellers beat my husband and me out over and over.  We set about to “power save” and boost our downpayment to be more competitive.  But prices rose faster than we could save.  Finally, we broke down and accepted help from my parents in the form of a loan, and we settled on a house that wasn’t really turnkey (and not nearly as nice as what we could have bought 2 years prior).  Looking back now, I believe the amount lost due to our delay in acting decisively was probably equal to between 10 and 20% of our purchase price.  Homes had risen in value that much! And it is happening again.

If you wish to purchase a home in Los Gatos, or anywhere in Santa Clara County, it’s very expensive to take your time.  For instance, most properties in here are selling for about 20% more today than a year ago.  Again, that’s the down payment!  Add to that the rising interest rates and you are getting squeezed on both ends.


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Mary Pope-Handy
Sereno Group Real Estate
214 Los Gatos-Saratoga Rd
Los Gatos, CA 95030
408 204-7673
Mary (at)
License# 01153805

Selling homes in
Silicon Valley:
Santa Clara County,
San Mateo County, and
Santa Cruz County.
Special focus on:
San Jose, Los Gatos,
Saratoga, Campbell,
Almaden Valley,
Cambrian Park.
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Mary’s other sites & blogs
Valley Of Hearts Delight
Santa Clara County Real Estate,
with an interest in history
Silicon Valley relocation info
Silicon Valley real estate,
focus on home selling

Silicon Valley Real Estate Report
Silicon Valley real estate
market trends & statistics
Mary’s Blog Awards
Top 25 real estate blogs of 2018 by RentPrep2018's list of top 25 real estate blogs to follow

Top 25 real estate blogs 2016
2016: Personal Income's list of top 25 real estate blogs.

Best Realtor blog award
2016: Coastal Group OC's list of best Realtor blogs

The 2009 Sellsius list of top 12 women real estate bloggers
2009: Sellsius list of top
12 women real estate bloggers

Mary Pope-Handy's Live in Los Gatos blog won the 2007 Project Blogger contest, sponsored by Inman News and Active Rain

2007: Mary Pope-Handy and Frances Flynn Thorsen win the Project Blogger Contest for Mary's Live in Los Gatos blog. The contest was sponsored by
Active Rain and Inman News.

Non blog award

Best real estate agent in Silicon Valley from the San Jose Mercury News poll of readers in 2011
"Best real estate agent
in Silicon Valley"

2011 readers' poll,
San Jose Mercury News