Do you want to buy a house in Santa Cruz? When buying a house, it’s a great idea to plan ahead and give yourself some much-needed breathing room. To get your plan put together and start off on the right foot, here is what you should do today to buy a house in Santa Cruz next year.
Visualize Your Goal
Before you begin doing anything else, it’s important to take some time and think about some things you consider needs and wants in your new home.
Maybe you’re needing to purchase a home with more space for a growing family, or it’s time to downsize as the kids have moved on to their next adventure in life.
This could also be a good point to attempt creating what you feel is a realistic timeline to finalize your home purchase. If you’re planning to be moved before the beginning of a new school year or winter weather rears its head, consider those your goalposts – pending any change in circumstances.
After you know what you’re aiming for in terms of a home and timeline, it can be tempting to jump straight into looking through listings.
Instead of digging through the listings for your dream home, start looking around at agents and lenders. Getting an agent in your corner early on in the home buying process will be nothing but beneficial, and they will earn their commission in assisting you with finding that perfect property when you are ready to buy a house in Santa Cruz.
Meeting with multiple agents and lenders prior to selecting either is strongly encouraged. You want to feel that your agent and lender both have your best interests in mind and that you are comfortable contacting both of them, if necessary.
Be willing to be assertive and negotiate commission until you feel it’s reasonable, and get your agent working for you to make the buying process that much simpler.
Hit the Books
While your agent will come equipped with heaps of local real estate market knowledge, it’s always a good idea for any homebuyer to learn what to expect from their local market.
You can get started by looking up homes in areas where you’re looking to buy, and see the sales histories for any that have sold over the last few years. The collected data from this process is part of what agents call “neighborhood comps,” or neighborhood comparable sales.
This one tip will put you head and shoulders above any other potential buyers when you’re ready to buy a house in Santa Cruz.
Set Up a Budget
Hopefully, you were already planning to do this, but adjusting your budget ahead of looking for your home is an essential piece to guarantee success in buying a home.
Making the effort to optimize your monthly budget in order to save as much of your income as possible puts you in a great position when looking at listings and applying for a mortgage with your chosen lender.
Have an Exit Strategy
While finding the right home and moving forward with that purchase is a big part of this situation, you also need to know how you plan to leave your current living situation without burning any bridges when it’s time to buy a house in Santa Cruz.
If you’re renting, thoroughly reading through your lease agreement is key, and you want to do this early on so you can follow all protocol to the letter in order to have your security deposit returned to you. Leaving on good terms means giving proper notice, keeping the lines of communication open, and cleaning your living space before departing that final time.
Experienced Support to Help You Buy a House in Santa Cruz
Whether for the first time or the fifth time, if you’re ready to buy a house in Santa Cruz next year, contact us at 831-588-2334!