Should You Stay in Your Santa Cruz Home or Should You Go?

Posted by Lauren Spencer on Friday, July 30th, 2010 at 11:01pm.

Have you ever seen a child right after a huge chewing gum bubble pops on his face? A mess everywhere, eyes wide, mouth in an “O” – rather reminiscent of the real estate industry when its own bubble popped. Homeowners panicked and began trying to sell their Santa Cruz homes.

As more pushed to unload the instantly unwanted “step child” of homeownership, the real estate market became glutted, resulting in lower sales prices. Two years later, some owners are still trying to sell their Santa Cruz homes, still panicking, and still worried about what the future will bring. However, you might be like some homeowners, who are indecisive about selling their homes or who realize they don’t really want to sell.


Take a deep breath.

Quit worrying for a moment and ask yourself… Why am I selling?

There are good reasons to sell:

  • Your house has become hard to afford. 
  • You’re getting older and need to move somewhere that doesn’t take as much maintenance. 
  • You need to relocate for your job.

But there are a lot of not-so-good reasons to sell:

  • You’ve read so much about people who have been unable to sell their homes that you became alarmed and put yours on the market “just in case” you want to sell it later. 
  • You’re simply tired of your home.  If that’s the case, all you actually need to do is update or redecorate your home to make it sparkle again.
  • You’d just like to see what you can get for your home.

It may seem strange for a real estate agent to speak against selling Santa Cruz homes. However, my first motivation is always doing what’s best for my client, including giving them the best advice I can. So, I urge you to take a moment and think about it:  do you really need to sell your home now?

Even if your home has lost some of its value, there are many ways that your home is still very valuable:

  • Building credit - Home ownership is still a good way to build credit. With good credit you can borrow for other major expenses, such as a new car.
  • Building equity – The average home equity for the U.S. is approximately $38,000. When you consider how much your home costs, that may not seem like much. However, when you are ready to sell, that equity will be there to put toward your next home purchase or your retirement savings.
  • Saving money on taxes – Owning a home offers several tax benefits.  For most Americans, the biggest benefit is deducting the annual interest paid on a mortgage.
  • Living well – There’s a reason why homeownership is still called the American Dream.  It simply feels good to live in a home you love.  That you can decorate any way you want.  A home that’s your very own.

Now think about why you bought your home in the first place. Do the things still exist that made you value the home enough to buy it?  If yes, maybe you should stay.

If you do need (or want) to sell your home, I can help. Call me today at 831.662.6522 or email me at for more information.


Indecisive about selling their homes

Building credit

Owning a home offers several tax benefits

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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