Tagged : Buying Santa Cruz Real Estate

Found 86 blog entries tagged as "Buying Santa Cruz Real Estate".

Whether you’ve bought and sold a dozen homes or you’re a first-time home buyer, you probably know that after you purchase Santa Cruz real estate, there is usually no option to return or exchange it. Because of this finality, you need to be sure your contract spells out all the conditions you want met before the deal can close. In real estate contracts, these conditions are called contingencies.

Contingencies are the requirements that both the buyer and the seller must meet in order for the closing contract to be valid. If something does not meet specific criteria, the contract must be renegotiated or it becomes null. Below is a list of contract contingencies every buyer should include in their bid — so that you don’t end up with an unexpected

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Recently released figures indicate real estate nationwide and Santa Cruz real estate are continuing to steadily improve. Here are seven signs that demonstrate the upturn:

1. Housing affordability has risen dramatically. This is due to a combination of reduced real estate prices and record-low mortgage rates.

2. Housing starts are increasing, driven mostly by multifamily starts.

3. Existing home sales increased in January. That means we’ve now had three months of gains out of the past four months.

4. Total housing inventory fell to a 6.1 month supply at the end of January. This means that on average it now takes just over 6 months to sell a home, which is an improvement. According to Lawrence Yun, NAR chief economist, "The broad inventory

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The latest statistics indicate that the U.S. real estate market is at or very close to the bottom right now.

On January 18, Bloomberg News reported, "Confidence Among U.S. Homebuilders Climbs to Highest Since 2007." Bloomberg said, "The confidence measure, which increased for a fourth straight month, improved in all four regions of the U.S. This is ‘yet another indication of the gradual but steady improvement that is beginning to take hold in an increasing number of housing markets nationwide,’ Bob Nielsen, chairman of the National Association of Home Builders and a builder from Reno, Nevada, said in a statement.”

The official data on home prices might not show the recovery yet, because they are always months behind, but most other data indicates

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Inspections can turn up repair issues during the Santa Cruz home buying process that can increase your cash outlay as a buyer.  Problems with appliances, plumbing, and HVAC are just a few issues that can crop up.  If you find yourself experiencing repair sticker shock, keep these thoughts in mind: 

• The choice lies with you:  As the buyer, you get to decide whether you want to proceed with the purchase of the Santa Cruz home or not. You are not at the mercy of the seller's demands.  If you can't reach an agreement, then you can opt out of the situation, as long as you’ve included a home inspection contingency in your contract.

• The first estimate you get on the potential repair cost may not be the lowest or most accurate: Before you decide to

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A brand new Santa Cruz home is better than a used home, isn't it? For most people, that's a matter of preference. If you’re unsure which you prefer, consider these five reasons to buy a newly constructed home:

1. You want to pick out everything: Do you want granite or cement countertops? Perhaps you'd like a skylight in your family room or a fireplace in your master bedroom. You get to choose all the fixtures, flooring and faucets. Plan to spend a lot of time making these choices and probably some additional money for upgrades.

2. You want a Santa Cruz home that comes with high-tech and energy-efficient features: You’ll save energy and money with low-flow toilets and shower heads, energy-efficient appliances and higher-efficiency HVAC, doors and

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You’ve decided you want to buy a Santa Cruz home, but you’re not sure if you should buy a previously-owned home or a newly built home.

Here are five reasons why buying a pre-owned Santa Cruz home might be right for you:

1. You want big trees – The cost of landscaping a newly built home can be exorbitant, especially if you want big trees immediately. When you buy a resale home, you get the benefit of bigger trees that have taken years (even decades or centuries) to sink deep roots and grow broad, shade-providing canopies.

2. You want an established neighborhood: Who wants to deal with the noise and dust until all the construction is completed? No one! What if all the homes don’t sell? You could end up living in a partially finished neighborhood

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Now is a fabulous time to take advantage of today's real estate market and boost your investment portfolio with Santa Cruz short sales. Here are the top ten reasons why investing in short sales might be beneficial for you:

1. Short sales benefit buyers, sellers and investors. You get to help a lender and homeowner out of a tough financial situation.
2. You can make a nice profit because Santa Cruz short sales are priced at or below market.
3. Banks are closing them faster than ever before and, from start to finish, it’s not as painful as it used to be.
4. There is a huge inventory of short sales from which to choose.
5. The competition is low because there aren’t enough investors to gobble them all up.
6. It doesn’t take a ton of time. You’ll spend even

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At this time of year, as thoughts turn to gobbling down turkey dinners and watching football, it's easy to get caught up in the details and lose the spirit.  So today, I want to take a minute to say something important:

Thank you!
Because of you, I have a job I love: being a Santa Cruz real estate agent. 

Thanksgiving is a holiday of gratitude, and yet too few of us remember that when we're stuck in traffic going over the river and through the woods to grandma's house for her famous pumpkin pie. 

So today, I'd like to say again, thank you.  

Thank you for contributing to this community, online and in the real world, by asking questions, adding your insights, and trusting me with your housing dreams.   

If we've worked together in the past,

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Whether you’re looking to buy or sell Santa Cruz real estate, you’re going to need help from a certified professional. So which do you choose — a REALTOR®, real estate agent or broker? Most people don’t even know there’s a difference between the three and use the titles interchangeably.

While these three titles are similar, they are not identical. Depending on your knowledge of the real estate industry and the complexity of your transaction, you’ll want a professional with complementary education, expertise and experience. Below are title descriptions to help you get your terms straight and pick the right professional when it comes to buying or selling Santa Cruz real estate.

Real Estate Agent
A real estate agent is someone who is licensed to sell

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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.

Pros

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

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