There are currently 29 blog entries related to this category.
Thursday, November 15th, 2012 at 1:01am. 95 Views, 0 Comments.
When you invest in Santa Cruz real estate at the right time, at the right price, it is proven to be a solid investment. With the housing market at an all-time low and it being a buyer’s market, there has never been a better time to purchase real estate than right now.
Owning investment property is and should be an interactive business. It is a hands-on investment that will require your time, energy and money.
The following tips will help you avoid common commercial and residential real estate investment mistakes:
1. Location, Location, Location
2. Bigger is not always better
3. Stick with deals that have a 15% return on investment
4. Stick with homes priced in the low median price range
5. Stick with a 3 bedroom, 2 bath, 2 car…
Tuesday, October 30th, 2012 at 1:01am. 106 Views, 0 Comments.
If you want to make the most the of your Santa Cruz home as an asset, I have one word for you: patience.
If we’ve learned anything over the last years in the real estate market, it’s that get-rich-quick schemes can just as easily turn out to be get-poor-quick scenarios. We are very much back to the good old days of seeing real estate as a long-term investment. And as a long-term investment, it continues to be a solid one.
Here are a few other tips on how to make the most of your largest asset:
• Go long – It bears repeating: long-term ownership is the key. Build equity, allow the property to appreciate and minimize the costs that come with buying and selling property.
• Buyer beware – Before you even enter into the world of…
Monday, April 16th, 2012 at 1:01am. 156 Views, 0 Comments.
Your home is usually the most important and sizable investment you will ever make. Whether you’re buying a starter home or the home of your dreams, you can’t afford to invest in Santa Cruz real estate that won’t steadily increase in value over time.
In order to assess a home’s potential and maximize your profit when it comes time to sell, we’ve compiled a list of five helpful questions to ask when choosing a property.
1. Are businesses investing locally? Ask your potential neighbors about new businesses in the area and check the local papers. If businesses are investing, it’s a good sign that the neighborhood will continue to enjoy financial stability.
2. What amenities are in the area? Buyers will pay a premium to be near amenities…
Monday, November 21st, 2011 at 11:01pm. 166 Views, 0 Comments.
In this economy, cash buyers have the advantage and are swooping in on great housing deals to beat out buyers obtaining loans through banks. Sellers are jumping on these offers because the cash is already secured, they don’t have to worry about finances falling through at the last minute, and it can guarantee quick closing dates on their Santa Cruz homes for sale.
While dealing in ready money definitely gives real estate investors an advantage, don’t get discouraged. There are a few guidelines financed buyers can follow to give them a better hand when it comes to beating out competitors that throw down the cash card.
• Get pre-approved. Talk with a reputable bank and get a pre-approved home loan for a certain amount before you start shopping for Santa…
Saturday, October 22nd, 2011 at 11:01pm. 261 Views, 0 Comments.
If you're sitting in your apartment right now thinking: I wish I could paint it, but my lease doesn't allow it, maybe it's time to talk to a Santa Cruz real estate agent about purchasing a new home. Before you rush off to the store to look at paint samples or, more importantly, sign on the dotted line of any mortgages, consider the pros and cons of buying.
1. Financial Investment: Given the gloomy news on foreclosure rates across the country, it is easy to forget that buying Santa Cruz real estate is also a means of saving and investing. The money you pay in rent to your landlord goes to your landlord; the money you put toward a mortgage goes toward building equity in your home.
2. Pride of Ownership: By buying a home, you will be able to paint…
Sunday, October 16th, 2011 at 11:01pm. 222 Views, 0 Comments.
In today’s precarious job market, many luxury homeowners are finding they can’t afford their massive, custom-designed properties any longer. As the once rich are having to quickly sell or abandon their Santa Cruz real estate, you might be able to snag a good deal on a distressed luxury home.
There are many horror stories associated with short sales and foreclosures, but if you do your research, are patient and can act quickly, you might be able to purchase the home of your dreams. If you want to take advantage of this sour market, then consider the following guidelines — and happy house hunting!
• Find an agent who has experience with distressed real estate. Interview Santa Cruz real estate agents to find out their history of dealing with foreclosures…
Saturday, July 30th, 2011 at 11:01pm. 239 Views, 0 Comments.
You’ve been watching the news, reading blogs and you know this is the perfect time for you to buy a piece of Santa Cruz real estate. You want to do all the right things to get the best deal, and you know one of the first steps is to line up your financing.
To help you pick a mortgage that matches your goals and financial situation, here’s an overview of three of the most popular mortgages available today.
Fixed Rate Mortgage
If you plan on keeping your new Santa Cruz real estate for more than 10 years and you don’t expect your income to change, this is probably the loan for you. Although fixed rate loans charge a bit more interest, the rate will never change. This provides financial stability and the security of knowing what your monthly mortgage…
Thursday, July 28th, 2011 at 11:01pm. 258 Views, 0 Comments.
What happens if you have a signed contract to purchase a piece of Santa Cruz real estate and the appraised value comes in lower than your agreed upon purchase price? Unfortunately, that’s happening more often these days.
Don’t give up! It is possible to salvage the deal. Here are four options to consider, if you find yourself in this position:
#1: Ask the lender for a review of the appraisal.
If you are aware of comparable sales numbers or any other pertinent data that was not considered by the appraiser, provide that information to your lender and ask for a review of the appraisal. If problems are found with the first appraisal, ask your lender to order a second appraisal by a qualified real estate appraiser.
#2: Ask the seller to drop the…
Friday, July 22nd, 2011 at 11:01pm. 215 Views, 0 Comments.
With home prices nearing their bottom, now might be a great time to buy Santa Cruz real estate as income property. Many more people will be looking to rent now that pre-approved mortgages are harder to come by. But, before you become a landlord, you’ll want to make sure your potential rental property won’t remain vacant for long.
6 tips to help you evaluate your Santa Cruz real estate investment:
1. Determine if your area has a strong rental market. See what kind of homes are for rent and track how long they remain vacant. If the same properties are listed week after week, it might not be the best area to purchase a rental.
2. Get a feel for the stability of the population. It's good to find a rental property in a transient community because…
Wednesday, July 20th, 2011 at 11:01pm. 197 Views, 0 Comments.
Here are five tips to help you identify the best Santa Cruz real estate agent to get your home sold as fast as possible and for the most money.
1. Hire a full-time Santa Cruz real estate agent. Part-time agents typically have less experience and fewer sold properties under their belts than full-time agents. Because part-time agents usually have another job, they don’t have as much time to take care of your needs and market and show your home to potential buyers. Full-time agents have bigger networks they can enlist to help find a buyer for your home.
2. Find a skilled negotiator. A seasoned Santa Cruz real estate agent understands the psychological nature of selling a home. They advise you during the contract negotiations to ensure you get the best…