As a buyer in this buyers’ market, there are plenty of opportunities to get great Santa Cruz real estate at rock bottom prices. Because of the large amount of housing inventory throughout the nation, home sellers (those who recognize the level of competition, anyway) are much more willing to negotiate.
If you’re looking for the perfect piece of Santa Cruz real estate, here are a few tips to help you get a great price:
Looking online is a great place to start. However, be aware that you have a large possibility of getting outdated information. You can find a beautiful dream home and contact the agent only to find that the listing has expired or the house has sold. Stay updated. Ask your Santa Cruz real estate agent to register your email address for daily MLS (multiple listing service) updates so you can get information as soon as it comes out.
Visit Homes with Reduced Pricing
Sometimes you may see a home that has more than one price reduction. For many, this is a sign that something is wrong with the house. Today, there’s a great possibility that there’s nothing wrong and the homeowner is simply trying to get the home sold in a competitive market. Tour the homes with recent price reductions as well as those on the market for more than 30 days. These home sellers may be more interested in selling for lower prices.
Look for Possible Negotiation Points
Even homes with higher prices may be worth looking at, due to the many ways you and your real estate agent might find to negotiate. For instance, it’s always wise to get a home inspection before signing the contract. Depending on what the home inspector finds, you may be able to negotiate for lower closing costs or a lower price.
Right now, it’s important to remember that just because a house is listed at a specific price doesn’t mean that price can’t change. If you’re a buyer interested in Santa Cruz real estate, whether as your personal residence or an investment, take a chance. Find out how low buyers will go!
If you’re looking for a great price on a great home, I can help. Call me at 831.662.6522or email me at Lauren@LaurenSpencer.com for more information.
Large amount of housing inventory
Lower closing costs