Santa Cruz County Home & Community Information


Santa Cruz First Time Home Buyer's Guide


Beautiful Santa Cruz California is one of the nation's most desirable areas. Located south of San Jose and San Francisco, the city hugs the coast. Many things attract people here. Residents can spend many lovely days strolling along the Pacific ocean beaches, taking classes at a branch of the University of California and simply enjoying the wonderfully moderate climate. The first time homebuyer who wants to buy a home in this part of the world should take into consideration many factors. It's important to understand local area housing prices. It's also important to think about other factors such as the style of the home and exact location. A home buyer should take the time to make sure the process is done right. This way, they can get a house they love at a price they can afford.

The Down Payment

One of the most aspects of looking for a home for the first time in Santa Cruz is having a down payment. While in previous years, buyers were frequently required to have at least twenty percent of the price of the home saved in advance, the same is not true today. Today's buyers may be able to purchase a home with as little as three to five percent down. For the cash strapped buyer, the lower down payment can be ideal. This is a great way to get a home here without the need to spend many years saving up for one.

Other Costs When Buying a Home

Another factor that someone buying for the first time should think about are other costs they will face. Buyers need to have funds to cover specific costs that are related to the mortgage and purchase. Closing costs for example can be several thousand dollars. A buyer should also keep in mind factors such as the costs to hire a lawyer and someone to inspect the home for them. A good inspector can help the buyer determine if the house is right or may need more work they can do. A real estate lawyer will make sure the buyer's legal rights are completely protected.

Working With Real Estate Professionals

At every turn, it is vital to work closely with professionals. Those who have never bought a home before may not understand how the process works. A local real estate expert can offer useful suggestions such as how much to offer for a home on the market. A mortgage lender can help the buyer before they begin by providing them with an idea of much they are allowed to borrow. It can also be useful to speak with other area residents. A neighborhood association member may have valuable information about new housing construction and development in the area. Any first time buyer should be aware of all the resources they have as they start the buying process. Asking questions from those who understand this process and have been through it before can provide the kind of answers people need to make smart housing choices.


Does Santa Cruz sound like the town you'd like to call home? Contact me today to discuss your dream home!  Your Santa Cruz Realtor Jessica Wallace:  831.419.9345


Authored by Jessica Wallace, Santa Cruz Realtor

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Jessica Wallace
Coldwell Banker
831 419 9345
Licensed In: Ca
License #: 01455690
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Comment balloon 0 commentsJessica Wallace • May 18 2018 06:13PM


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