Buying Your First Santa Cruz Home

Posted by Lauren Spencer on Monday, June 15th, 2009 at 3:17pm.

Is this a good time for first time home buyers to consider a Santa Cruz home? It's a familiar question with the economy in the state it is in. Here are a few reasons why a home is still a great investment for first time home buyers.

Pride of Ownership

This will never go away no matter what the economy is like. Owning your own home is the American dream for a reason.  It just feels good to take care of a Santa Cruz home that's yours and yours alone.

Tax Incentives

Owning your own home is one of the best tax deductions. The new stimulus plan makes that tax incentive better than ever before. Not only can you deduct your interest payments on your tax forms this year and for every year during the life of your mortgage, the stimulus plan allows a huge homebuyer tax credit of $8,000 for homes purchased in 2009 by first time home buyers.

Your property taxes are deductible too. Many first time home buyers understand that they can deduct the mortgage payment interest but don't realize they can declare their property tax as well for an even bigger yearly deduction.


Yes, even now, you will begin to build equity with each year you're in your new home. Equity improves your credit worthiness and gives you options for loans in the future if you need them.

Take the first step toward buying a new home and contact me.  I'll help you find the perfect place for you and your family. And, I'll help you get it at a great price.  Call me now at 831.662.6522 or email me at



Homebuyer tax credit

Tax deductions

Property Taxes

About Lauren Spencer

Award-Winning Santa Cruz REALTOR®

Lauren Spencer is your local real estate expert, specializing in Santa Cruz real estate and surrounding communities—this is where she lives, works, and plays too. Let her know your questions about the community and county and she'll be happy to fill you in on all you want to know! Lauren Spencer has consistently been voted best local REALTOR in Santa Cruz and is always happy to offer her advice and expertise. Call her at: 800.226.4717.

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