How You Can Get the Best Price When Buying Santa Cruz Real Estate

Posted by Lauren Spencer on Wednesday, June 17th, 2009 at 9:07am.

The Santa Cruz real estate market is a homebuyer’s dream right now!  Whether you're looking to buy a new home or to buy investment property, it's the perfect time.  Home prices are down, which means that well-informed buying could benefit you in the long run.  There are several tips I can offer you on how to get the best price when you buying a home:

• Shop around in the neighborhood where you're looking to buy.  The only way to know if you're getting a good deal is to look at home prices in the same neighborhood.  Ask your real estate agent for listings that are similar to the Santa Cruz home that you’re looking at.  Evaluate the two homes and their prices to ensure that you’re getting a good price.  Your real estate agent can help you with this evaluation.

• Play the negotiator when writing your contract!  One way to try to bring down the price of the home is to offer a lower price on your contract.  Offering a slightly lower price than what the homeowner is asking is a place to start trying to save some money.  If the homeowner is firm on the listing price, you can look to cut costs in other areas.  One way you may be able to lower your cost is by asking the seller to pay your closing costs.

• Check how long the house has been on the market.  If a home has been on the market for an extended period, the homeowner is going to be more likely to lower the price.  A house that has not had any offers in a few months gives you, the homebuyer, an advantage.  The homeowner may be willing to lose a few thousand dollars in order to sell the property to you.

Especially now, it’s possible to get a good price in the Santa Cruz real estate market.  Let me help you negotiate an excellent price for your new home.  Call me today at 831.662.6522 or email me at lauren@laurenspencer.com

 

Links:

Investment property

Negotiator

Closing costs

 

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.

Join Lauren On Social Media

Leave a Comment