5 Most Affordable Neighborhoods In Santa Cruz To Buy Homes
Posted by Lauren Spencer on
Recently, Santa Cruz was named one of the five least affordable real estate markets in the United States of America. A median home in Santa Cruz would run someone approximately $650,000. Over 100 percent of a families wages would go towards paying their mortgage. With all this negativity towards purchasing homes in Santa Cruz, we’re going to bring a little positivity to the process. You might be asking yourself, is there affordable housing in Santa Cruz?
The short answer? Absolutely.
Here are the top five most affordable communities in Santa Cruz to buy homes:
Watsonville, CA
Located at the southern end of Santa Cruz County, Watsonville is known for its rich agricultural heritage. Moreover, it is a hotbed for berries. This “small” town…
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Buying your first home is one of the most exciting purchases you’ll make in your life, but before you start to comb through the listings to find the home of your dreams, you’ll need to find out how much you can borrow. If the idea of buying a home is even minutely interesting to you, it’s never to early to get your financials in check so that when the time comes, there’s nothing to hold you back.
The Santa Cruz real estate market is still simmering from its red-hot year in 2015. Prices remain high, inventory is low and the demand for homes is still remarkably high. So where does that leave first-time homebuyers? With rental prices at an all-time high, it may be time to ask yourself the tough questions. Are you ready to buy a home? Can you picture yourself spending the next few years here? Are you financially and mentally ready to commit? If you can honestly answer those questions with a yes, then you’re nearly halfway there.
So, you’ve found the perfect homes for sale in Santa Cruz and have already been approved for a mortgage. All that’s left is for you to finalize the deal and the home is yours! Sounds pretty straight forward, right? But closing costs have a tendency to sneak up on buyers (especially first-timers) that get so caught up in the excitement of house shopping that they completely forget about them, that is until they want to seal the deal.Â
California Association Of REALTORS® Study Finds Alarming Trends
When you make the decision to buy your first home, there’s a whole spectrum of emotions that typically come into play. With so much money on the line and the commitment of a mortgage, it’s no wonder that home buying is regarded as one of the biggest decisionsf your life. It's also one of the most exciting, too! Here are a few common mistakes of new buyers to avoid if you’re thinking about purchasing your very first home.