Santa Cruz Real Estate Digest, Ed. 52
In This Month's Issue
First Time Home Buying: How to Prioritize

Unreasonable Repair Requests

What You Should Look for in Your Next Home: A Guide for Seniors

Christine's Corner: How CA Wildfires Affect Your Insurance Rate
Real Estate Market Statistics

For Santa Cruz, Santa Clara, and Monterey

These reports contain average and median home prices, real estate market trends and statistics, information about mortgage rates and more.





First Time Home Buying: How to Prioritize
As a first-time homebuyer it is easy to get overwhelmed by all the choices and sacrifices that need to be made when getting into your first home. However, homeownership has many important financial benefits once you secure your first property. For example, as you continue to make payments on your mortgage, you are actually building your equity. This means that you will have access to capital that thousands of other Americans only dream of. Even better is the fact that owning a home will likely help you build capital quicker than your average savings account, thanks to the appreciation on your home.
Unreasonable Repair Requests
When you are purchasing a home, one of the most important steps you can take is to have a professional inspector evaluate the property. The inspector’s job is to point out flaws and defects on the property, especially if they will impair your ability to use the home. Major problems are referred to as structural or mechanical defects and include the roof, foundation, and HVAC systems. These are critical parts of the home that you would expect to be in good working order when you are considering a purchase. However, over the year’s buyers have begun to lose sight of the purpose for the home inspection, and it is becoming more common for their repair requests to be unreasonable.
What You Should Look for in Your Next Home: A Guide for Seniors
Many people nearing the end of their professional lives and looking forward to retirement consider moving into a smaller home. Downsizing can bring many benefits especially if you no longer have your children living in the home. By downsizing in your later years, you can help improve the quality of your daily life while saving time and money on the cheaper maintenance of a simpler home.
Christine's Corner: How CA Wildfires Affect Your Insurance Rate
Its reported that California has witnessed one of the “deadliest and most destructive wildfires in its history in 2017 and 2018.” CAL FIRE identified that although “wildfires are a natural part of California’s landscape, the fire season in California and across the West is starting earlier and ending later each year. Warmer spring and summer temperatures, reduced snowpack, and earlier spring snowmelt create longer and more intense dry seasons that increase moisture stress on vegetation and make forests more susceptible to severe wildfire.” How will it affect your insurance?

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