March 2009

Found 8 blog entries for March 2009.

There are great incentives for first-time Santa Cruz real estate buyers. Big tax incentives and money put into the banking and financing industries to give buyers more availability to loans makes now the best time to move when looking for a home. This environment won't last—exactly. Some of the elements put in place are geared toward a strong future for the housing market, but many of the advantages are only good for now.

Tax Relief

First-time Santa Cruz real estate buyers, meaning those who have not owned a home in the past three years, are eligible for a big tax break on income taxes. Next year at tax time all buyers have to do is report the new home purchase to get $8,000 dollars back. That's a big incentive. The drawback is it’s only good for this

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I heard someone earlier this week say that the housing market has gone from a slow crawl to a brisk walk.  I think that is the perfect metaphor to explain the recent changes in the real estate market.  The market is coming back.  It’s not roaring, but it’s coming back.
 
This week, according to Reuters.com, U.S. mortgage applications jumped as record low interest rates spurred a surge in demand for home refinancing loans.  The Mortgage Bankers Association said its seasonally adjusted index of mortgage applications, which includes both purchase and refinance loans, increased 32.2 percent to 1,159.4 for the week ended March 20.  Refinancing accounted for 78.5 percent of all applications.
 
Furthermore, interest rates on mortgages fell after the Federal Reserve

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No matter where you live, you are at risk for some sort of natural disaster, crime, or accident. Since you never know when disaster will strike, you need homeowner’s insurance to protect from loss. Finding the right insurance policy is extremely important, so here are some ideas to consider when looking for homeowner’s insurance for your Santa Cruz home.

• DO make sure you choose a reputable agent and insurance company. Unless you’re well versed in current insurance laws and practices, you will rely heavily on your agent’s advice. This is not the time to do your own work.

• DO buy the right amount of insurance. A lower premium may seem like a great idea now, but you may feel differently if you suffer a major loss. Consider what it will cost you to

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If you are thinking about putting up your Santa Cruz home for sale, you may start to look around the house with an eye for increasing its value.  Here are some inexpensive things you can do to increase the value of your home:

The Kitchen
When buyers walk through a Santa Cruz home for sale, one of the first places they look is the kitchen.  A well put together kitchen is a big plus, so make sure it looks clean and up-to-date. 

• Replace old lighting fixtures with brighter, more energy-efficient ones.
• Replace the old kitchen faucet set to something more modern and clean.
• Add new cabinet doors and drawer handles.
• Reface your cabinets – this takes a little more time and money to do, but the results can be outstanding.  Or, you could order replacement

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The stimulus, the stimulus—it is hard to go to a news site or blog now without seeing something about the stimulus plan, good or bad. The one thing that seems to be a common thought is everybody hopes it works whether they like the plan or not. There are many ways the stimulus plan might affect Santa Cruz condo buyers and sellers.

Buyer Incentive

The biggest boon to both buyers and sellers is the proposed tax break for any first-time buyer purchasing a home (including condos) in 2009. That last part is the one down point in the plan. Homes must be purchased in the current year, retroactive to the beginning of 2009, and ending December 31st. That should, however provide a decent impetus to get things moving again. While it is short lived, it could boost

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You've just bought a new Santa Cruz home, and you're ready to pack.  If you find yourself staring at the rooms in bewilderment, wondering how you're going to pack it all, take a look at these helpful tips.

Tip #1:  Have plenty of boxes.  Too many is better than too few.  If you buy boxes from a moving company you can return them for a refund.  Extra boxes from a grocery store can just be thrown away if you have too many.

Tip #2:  Pick a color for each room.  Use color-coded stickers to mark which boxes go where.  There's no need to open a box to see what it is; just look at the sticker color.  Be sure to make a list of the color associated with each room.

Tip #3:  Pack heavy things in small boxes.  This makes them less bulky and easier to carry.  It 

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If you enjoy history and fixing things, then it may be hard to drive by historic Santa Cruz homes for sale without feeling the urge to buy one and fix it up.  Before you do, you need learn the three R’s of fixing up historic homes and the differences between them.

The three R’s of fixing up historic homes are restoration, renovation and repair.  Some of the differences are minor, but they can make all the difference in cost, time and problems.

Restoration

“Restoration” literally means returning something to its original state. 

Restoring historic Santa Cruz homes for sale involve city and state programs.  It’s essential that you check to see if the home is listed on the National Register of Historic Places (NRHP) or if it’s located in a historic

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When you buy Santa Cruz real estate, you need to be aware of your rights.  Not everything is as cut and dry as some may want you to think.  The following is a list of many of those rights:

• Nondiscrimination – In this case, discrimination means being denied unfairly.  If you can afford a home, you have the right to buy it no matter what neighborhood it's in.  The Fair Housing Act makes it illegal to discriminate because of race, handicap, whether you have children or not, and many other issues.

• Fair lending – This goes hand in hand with nondiscrimination.  To be denied a loan, there has to be a fair reason, such as insufficient income or an unacceptable credit history.

• Forceful measures - You can't be threatened, coerced or intimidated into not

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