Do You Buy Santa Cruz Real Estate When Prices are Low or High?

Posted by Lauren Spencer on Sunday, June 17th, 2012 at 1:01am.

Like any commodity, you’re going to make money if you buy Santa Cruz real estate when prices are low and sell when prices are high. So why haven’t you, and millions of others like you, bought a home during the major downturn in the real estate market?

When pushed for an answer, many potential buyers respond that they’re afraid, unsure or allowing their emotions to guide them. They’re worried that Santa Cruz real estate prices will see another huge drop. Or they’re unsure if prices have reached rock bottom so they can get the very lowest price possible.

Stop allowing your emotions to guide you. Face the facts. The real estate market is steadily improving. Those low prices are gradually moving higher and higher. It’s time to get off the fence and buy while real estate prices are still low. Then you’ll have the pleasure of selling after prices go higher.

If you’re still unsure if now is the best time for you to buy Santa Cruz real estate, consider these additional factors:

1. Rent will increase each year no matter what the real estate market does. What is the maximum interest rate you could ever pay, and what would your mortgage payments be at that rate? Have your mortgage broker do the math for you. Is that more or less than you’d pay for rent 10 years from now?

2. Interest rates are at historic lows. Do you really want to miss out on both low home prices and low interest rates?

3. You can deduct the mortgage interest from your taxes. In most cases, you can deduct all of your home mortgage interest. This can save you a bundle.

If you’re ready to buy low, give me a call today at 831.662.6522 or email me at

For additional information, please visit my home page at


Interest rates are at historical lows

Deduct the mortgage interest

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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