Tips for First Time Santa Cruz Home Buyers

Posted by Lauren Spencer on Wednesday, December 31st, 2008 at 4:00pm.

Are you considering buying your first home?  I'm sure you already know that now's an amazing time to buy your first home.  You have the perfect combination of low interest rates, low Santa Cruz home prices and President Obama's stimulus plan which gives you additional incentive to buy now.

To help make your first time Santa Cruz home buying experience the best it can be, here are some tips:

1) Know What You Can Afford

It is easy to get carried away with what you want versus what you can actually afford. Start with reasonable expectations.

2) Decide Exactly What You Need

Consider your current family status and what your immediate future might hold, then decide on the number of bedrooms you require and the amenities you feel you can't do without. If you love to cook, a well-equipped and spacious kitchen will be important. If you eat out 90% of the time, it is wasted space.

3) Make Good Use of the Internet

If you're like millions of other Americans, you spend a lot of time online.  Make use of the many available free programs and calculators to give you a better idea of what you can afford and what your mortgage payments will be. There are mortgage calculators that give you an instant idea of what each home you find will cost you monthly.

4) Don't Hesitate to Ask Questions

Call around to get insurance quotes so that you have a reasonable estimation of what to add to the total cost of your monthly mortgage. Check the information on the Santa Cruz home properties you are interested in to find out what the taxes are.  Add that amount to your total monthly mortgage cost too.

Buying your first Santa Cruz home should be the thrill of a lifetime and with proper planning it can be.

If you'd like to work with a real estate agent who specializes in helping first time home buyers get their dream home at the best price, call me today at 831.662.6522 or email me at



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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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