Santa Cruz Real Estate Blog - Paul Burrowes

Is the Santa Cruz Housing Bubble About to Burst?

Inside this Article:

• Signs of a Housing Bubble in Santa Cruz
• Historical Perspectives on Santa Cruz's Real Estate Trends
• Understanding Current Market Conditions in Santa Cruz
• Predicting the Future of Santa Cruz Real Estate

The Santa Cruz housing market has been of high interest and speculation lately, as potential homebuyers and investors try to decide if the market is shifting. With its beautiful coastline and vibrant community, Santa Cruz, located on the Central Coast of California, had always attracted people chasing the classic Californian way of life. In contrast, market dynamics are still very complicated in having limited housing supplies, high demand, and economic indicators affecting affordability and investment…

652 Views, 0 Comments

Tips for Finding a Temporary Rental in California While You House Hunt

House hunting in California can be exciting yet daunting, especially if you plan to relocate to the Golden State permanently. With its stunning landscapes, bustling cities, and endless opportunities, it’s no wonder many people dream of making California their home. However, finding the perfect residence can take time; in the interim, you’ll need a comfortable and convenient temporary rental in California. Here’s a comprehensive guide to help you navigate this process smoothly.

Understanding Your Needs Before Looking for a Temporary Rental in California

Before diving into the search for a temporary rental, it’s crucial to understand what you need. Consider the size of the rental, the number of bedrooms and bathrooms, and any specific amenities…

354 Views, 0 Comments

How Much Is a Home Appraisal in Santa Cruz? Exploring Costs and Benefits

Inside this Article:

• Property Appraisal vs. Inspection When Evaluating Santa Cruz Homes for Sale
• How Much Is a Home Appraisal
• What Affects the Home Appraisal Cost in Santa Cruz?
• Who Covers Appraisal Costs for Santa Cruz Real Estate Properties?

Compared to the rest of California, Santa Cruz's economy is among the most diverse. The firm tourist, technology, education, and agriculture industries contribute to a robust commercial and residential real estate market with good prospects for property appreciation.

Investors in Santa Cruz real estate, or any property, for that matter, would do well to educate themselves on appraisals and how they could affect their budgets. If being abreast of actual market values could be…

427 Views, 0 Comments

How to Avoid Paying Capital Gains Taxes on Rental Property in Santa Cruz

Inside this Article:

• What are Capital gains on Rental Property?
• How to Avoid Capital Gains Tax on Rental Property
• Purchase the Rental Property using your retirement account

Santa Cruz properties have long been among the most sought-after investments in California. The market here presents many benefits to investing in rental properties, such as the possibility of tax benefits, steady rental income, long-term property appreciation, and the option to deduct losses from taxes. But when it comes time to sell, the US federal government's revenue department, the Internal Revenue Service (IRS) will try to make you pay for those perks by taxing your capital gains.

The dynamic nature of the real estate market necessitates savvy…

403 Views, 0 Comments

From Skyscrapers in NYC to Sunsets in California

Scenic Differences in Home Buying

Photo: Pixabay

From skyscrapers in NYC to sunsets in California, the scenic differences in home buying are striking. New York City offers a bustling urban landscape filled with iconic high-rises, while California boasts serene coastal vistas and a laid-back lifestyle. These contrasts shape the aesthetic appeal and the lifestyle and investment potential of properties in these regions. Understanding these differences can help home buyers make informed decisions that align with their preferences and needs.

Differences in Lifestyle and Space

The lifestyle differences between NYC and California are profound. The Big Apple offers a fast-paced urban environment, ideal for those who thrive on city energy. In…

296 Views, 0 Comments

Your Ultimate Guide to Explore Hiking, Biking, Cruising, and Campgrounds in Santa Cruz

Inside this Article:

• A. Best Trails in Santa Cruz County
• B. Beach Walks in Santa Cruz County
• C. Best Mountain Biking Trails in Santa Cruz County
• D. Top Campgrounds Near Santa Cruz
• E. Cruising in Santa Cruz
• F. Iconic Coastal Drives

Santa Cruz County has long been an appealing destination for adventure seekers from all over the globe. Located on the California Central Coast, just south of the San Francisco Bay Area, this county is a treasure trove of various natural landscapes. From sandy beaches to thick redwood forests, it offers a world of adventure waiting to be explored. Santa Cruz real estate caters to various interests, including those who like the peace and quiet of camping under the stars, who love to climb…

589 Views, 0 Comments

Are there more Cash Buyers Today?

Inside this Article:

• Who Are These Cash Buyers?
• Drivers of All-Cash Purchases

Mortgage interest rates have risen from their all-time lows in recent years, and the percentage of buyers who pay cash is growing.  Whether in outlying areas like San Lorenzo Valley and Scotts Valley or in town centers like the City of Capitola, there has been a noticeable upsurge in the number of property transactions completed entirely with cash over the past few months. Since October 2022, people who bought homes without the help of loans have made up more than 25% of the nation's real estate market. The percentage of homes sold in January 2024 reached a record-breaking 32% , the highest since June 2014, when a sizable chunk of the market…

320 Views, 0 Comments

How to Sell Your House in Santa Cruz, CA

Inside this Article:

• Are Santa Cruz Homes for Sale Selling Quickly and Easily?
• Invest in Upgrades
• Work on Curb Appeal
• Get a Proper Pre-Listing Inspection
• Choose the Right Selling Method: Work with a Real Estate Professional
• Analyze Your Property Market Comparable
• Stage Your House for Sale
• Market Your Home Listing Well
• Know Your Closing Obligations
• Not Sure How to Sell Your House Fast: Work with A Trusted Expert!

Although you may have heard claims such as 'homes for sale in Santa Cruz, CA, are moving quickly' or homes for sale in Aptos, CA, are in great demand,' the crucial question remains: will your property sell just as swiftly? However, do not panic, as this article will come in handy!

Are Santa…

450 Views, 0 Comments

Santa Cruz Properties: Capital Gains Taxes on Real Estate

Inside this Article:

• Capital Gains Real Estate Tax?
• Short and Long-term Capital Gains Tax When Selling a House or Commercial Property
• How does Capital Gains Tax Work on Real Estate?
• Can You Limit Your Capital Gains Taxes on Real Estate?

Santa Cruz real estate investments can be a goldmine. However, Santa Cruz homes and commercial real estate properties also attract CGTs (capital gains taxes) that eat into your profits. However, owners of Santa Cruz Properties can use some tactics (legal, of course) to minimize or avoid capital gains taxes on real estate altogether so they can keep much of their sale proceeds.

Capital Gains Real Estate Tax?

Are you one of those with homes for sale in Los Gatos, CA, Capitola,…

385 Views, 0 Comments

Luxury Moving Services: What to Expect When Relocating High-End Real Estate

Relocating high-end real estate involves more than just moving items. It requires meticulous planning and attention to detail. Luxury moving services cater to these needs, ensuring valuable and delicate items arrive safely. When relocating high-end real estate, choosing the right service is key. From personalized moving plans to white-glove delivery, luxury movers provide a level of service that goes beyond standard moving companies. Clients can trust that their valuable possessions are in good hands and that their move will be seamless and stress-free. Here is what to expect when using luxury moving services for high-end real estate.

Personalized moving plans

After the closing process, it’s time to pack and move. First and foremost, every…

421 Views, 0 Comments