Santa Cruz County Home & Community Information


Tax Benefits of Buying a Home and First Time Buyer Programs

Tax Benefits of Buying a Home and First Time Buyer Programs


Owning your own home is a goal that most people have in life and something to strive for.  Many people look at the home prices in Santa Cruz and think it can never happen for them.  But it can.  I have helped so many people that never thought they would be able to buy a home.  It is one of the joys of my profession that I can help someone achieve such a large goal in their life.  

Sometimes people are afraid to even think about the prospect of buying a home and what it will really cost them, it is such a big move and decision in your life.  I always say it is best to be educated about what it takes to buy a home so you can know if you are ready or what it will take to get there.  Many times potential home buyers are surprised that they CAN actually, really buy a home and it makes sense for them financially.  If you find out that you are not in the position to buy a home, at least you know what you would need to do to make it happen in the future.

One of the biggest benefits of owning your own home are the tax writeoffs.  When you own a home you can write off the interest you pay on your mortgage and the property taxes.   I know from personal experience the HUGE difference being able to write off your home mortgage interest and property taxes make when you do your taxes.  I have had past clients contact me around tax time and say "I got a huge refund check" or "I saved so much in taxes this year!"  (I am not a tax accountant, check with your CPA to see what your real tax savings would be).

So yes, looking at home prices in Santa Cruz can be intimidating, but if you plan on making Santa Cruz home for an extended period of time, it really makes sense to take a look at buying a home.  Rental prices in Santa Cruz keep going up, when you buy a home with a 30 year fixed mortgage - you are locked in!  No one can raise your rent or decide to sell the home.  


You can contact me anytime with questions about how to buy a home, financing, help for buying your first home  at 831.419.9345


There are affordable options in Santa Cruz county if you really look as well as help for first time home buyers - read my article about First Time Home Buyer Programs in Santa Cruz


Visit here to see a current list of all Homes for Sale in Santa Cruz County







Authored by Jessica Wallace, Santa Cruz Realtor

Search Santa Cruz Homes For Sale
What is your home worth?
Search All Homes For Sale
See Recently Sold Santa Cruz Homes
Jessica Wallace
Coldwell Banker
831 419 9345
Licensed In: Ca
License #: 01455690
Contact Me

You Can Also Visit Us At:      

Comment balloon 0 commentsJessica Wallace • April 07 2016 11:09AM


This blog does not allow anonymous comments