Is the Timing Right to Buy Santa Cruz Real Estate?

Posted by Lauren Spencer on Monday, July 13th, 2009 at 11:17am.

There are many wonderful reasons to want a home of your own. Right now is an excellent time to pick up a great deal on Santa Cruz real estate. It's definitely a buyer's market where you can purchase homes at historically low prices. To be sure the time is right for you, answer a few simple questions for yourself:

Are you ready to stay put for more than three years?

If you move around a lot, have a job that sends you to different locales all the time, or just haven't found the area you want to settle down in, it can be a bad time to buy Santa Cruz real estate no matter how great the price. Selling a home and moving is much harder than just switching apartments or other rental units. However, if you are ready to settle in a spot for a number of years, the value you get from owning your own home is well worth it, especially now.

Can you afford it?

There's more to owning a home than just the cost of the mortgage. Other costs added to a typical mortgage include homeowner's insurance and property taxes.   These add hundreds of dollars a month to the simple mortgage costs. On top of those are routine repairs and upkeep that will be your responsibility instead of a landlord's.

Do you value the pride of ownership?

For many people, the pride of owning their own home is a primary factor in purchasing Santa Cruz real estate. There is a feeling of success and security when you own your home that won't be fulfilled with any rental.

If you'd like help determining if now is the right time for you to buy a home, give me a call at 831.662.6522 or email me at lauren@laurenspencer.com 

 

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Buyer's market

Value you get from owning your own home

own your home

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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