Santa Cruz, CA Real Estate Blog

It can take time to figure out what to do when buying a house. Having options is crucial and can help protect both buyers and sellers. Some conditions or terms must be met before a real estate deal can go through. The deal can be broken without fees if these conditions aren't met. This piece will detail the different kinds of contingencies, their importance, and how to get rid of them so that the home-buying process goes smoothly.   What are Real Estate Contingencies/ Contract Contingencies Contract contingencies must be met for a real estate deal to be legally binding. Parts of real estate contracts called "contingencies" let buyers and sellers back out of the deal if certain conditions are unmet. These conditions must be met to protect both parties and ensure that the whole home-buying process is finished to everyone's satisfaction. Types of Real Estate Contingencies Financing Contingency A financial contingency, also called a mortgage contingency, lets the buyer ba...

One of life's greatest thrills for a Californian is becoming the owner of one of those beautiful  homes for sale in Santa Cruz, CA . But let's be honest: Figuring out the amount of a home you can afford can be daunting. No one wants to go into a house mortgage to find out they cannot repay it. The question now is,  what kind of house can I afford ? Now, let's dissect it for you. The "Should vs Could" of Mortgage Affordability Determine how much you really need to borrow, not how much you could, before you give any  homes for sale  ads any more attention and apply for a mortgage. "Should" refers to the mortgage amount that aligns with your aspirations and financial situation in the far future. It considers items like income, spending, and retirement or emergency savings.   The "could" indicates the highest possible home loan amount a lender will provide you, considering your income, credit score, and other relevant variables. It may be tempting ...

  Embarking on an exciting quest to acquire one of those  Santa Cruz homes for sale  is truly an exhilarating pursuit. Congratulations if you plan to own your first home in Santa Cruz. Whether you are looking into  Los Gatos homes for sale ,  Capitola homes , or  homes in Aptos, CA , for sale, the  Santa Cruz real estate  market offers many options to suit your preferences and budget. No matter how exciting the thought of owning a house is, the reality is that affordability is the deciding factor. This is where home loans come into play. When you know  how to apply for a home loan , you get a head start on owning the property of your dreams as soon as possible. Here is a rundown: Assess Your Financial Health Start by reviewing your credit report. Access your report from the top credit reporting bureaus, such as Experian, Equifax, and TransUnion. Dispute any errors or items that appear wrong. They could hold your score back. An excellent credi...