Home Inspection

If your Santa Cruz home is on the market, you know there’s an inspection in your future. With that in mind, plan to spend a week or so getting ready for the inspection.

1. Make sure the inspector has access to all areas of your Santa Cruz home. Here are some of the most important places:
a. Attic. If your attic is accessed through a closet, take time to clear away clutter so the inspector can get up there quickly and easily. Have a ladder at the ready if needed.
b. Basement. Clear everything away from the exterior walls of the basement so they can be seen.
c. Utilities. Clear around the furnace, air conditioner, water heater and circuit breaker boxes.
d. Foundation. Clear brush away from the foundation.

2. Keep electricity on. If your Santa Cruz…

Whether you’ve bought and sold a dozen homes or you’re a first-time home buyer, you probably know that after you purchase Santa Cruz real estate, there is usually no option to return or exchange it. Because of this finality, you need to be sure your contract spells out all the conditions you want met before the deal can close. In real estate contracts, these conditions are called contingencies.

Contingencies are the requirements that both the buyer and the seller must meet in order for the closing contract to be valid. If something does not meet specific criteria, the contract must be renegotiated or it becomes null. Below is a list of contract contingencies every buyer should include in their bid — so that you don’t end up with an unexpected…

Inspections can turn up repair issues during the Santa Cruz home buying process that can increase your cash outlay as a buyer.  Problems with appliances, plumbing, and HVAC are just a few issues that can crop up.  If you find yourself experiencing repair sticker shock, keep these thoughts in mind: 

• The choice lies with you:  As the buyer, you get to decide whether you want to proceed with the purchase of the Santa Cruz home or not. You are not at the mercy of the seller's demands.  If you can't reach an agreement, then you can opt out of the situation, as long as you’ve included a home inspection contingency in your contract.

• The first estimate you get on the potential repair cost may not be the lowest or most accurate: Before you…

If you have easy access to your attic, a quick inspection will either put your mind at ease or alert you to situations that need to be remedied before they cause problems. Why is now a good time to check your attic? If you’ve ever been in an attic in the summer, you know why you should do it now.

Here are just some of the things you should check out in the attic of your Santa Cruz home:

• Insulation. Is it adequate? Has it shifted around into peaks and valleys? Is it properly installed? Are there gaps that need to be filled?
• Ducts. Are there open joints in the ductwork? Are the ducts insulated?
• Ventilation. Are vent openings blocked? If you see frost on roofing nails, or rust stains or mildew around roofing nails, it means the attic…

Before you sign on the dotted line for your new Santa Cruz home, be sure to get the information you need to make a sound financial decision. That includes getting a thorough home inspection by a qualified professional.

This may seem like one more hoop to jump through, but a detailed and complete inspection can reveal some unpleasant surprises about your new Santa Cruz home purchase. It can also impact the price you pay for the property. Remember, part of your offer should include a clause that specifies who will pay for any necessary repairs discovered by the inspection.

When looking for an inspector:

• Ask your friends: Word of mouth is still the best way to go, as their good experience can lead to yours.

• Ask your real estate agent: Agents have…

Few things are as unsettling as the suspicion that termites are attacking your Santa Cruz home. This is one thing you do not want to stay in denial about. Here are some steps to help you face the possibility and prevent problems:

• Don't let any wooden parts of your Santa Cruz home touch soil directly.  As always, the best solution is prevention. If wooden parts of your house are touching the soil directly, a professional can remedy it by installing metal shields and re-grading the soil along the foundation to improve drainage and create a gap between soil and wooden structures.

• Determine whether you do have termites. Subterranean termites build characteristic mud tubes for movement between nests. The appearance of these tubes is often the first sign…

In today’s precarious job market, many luxury homeowners are finding they can’t afford their massive, custom-designed properties any longer. As the once rich are having to quickly sell or abandon their Santa Cruz real estate, you might be able to snag a good deal on a distressed luxury home.

There are many horror stories associated with short sales and foreclosures, but if you do your research, are patient and can act quickly, you might be able to purchase the home of your dreams. If you want to take advantage of this sour market, then consider the following guidelines — and happy house hunting!

• Find an agent who has experience with distressed real estate. Interview Santa Cruz real estate agents to find out their history of dealing with foreclosures…

Home improvement shows tell you that you can add 20 to 40 thousand dollars to the value of your Santa Cruz home by doing a simple remodel on virtually any room or outdoor space.  While you can get a return on your investment for most remodeling projects, the increase to your home value is not always as high as the home improvement shows claim.

Myth #1:  If you put 20 thousand dollars into a kitchen remodel, your home’s value will increase by 40 thousand dollars.

Fact:  The average kitchen remodel costs 40 thousand dollars.  This is on a mid-range remodel, not a high-end remodel.  The average return you can expect is 80 to 95 percent or about 36 thousand dollars on a 40 thousand dollar remodel.

Myth #2: Updating a bathroom can add as much as 20 thousand…

If you haven’t read “Santa Cruz Real Estate Investing:  Buying a Short Sale Steps 1 through 5,” start there.  This blog post provides steps 5 through 9 of the short sale process.

6.  Visit the Santa Cruz real estate on your short list.  You’ve already searched for short sales, researched them and narrowed your list to a few short sales that meet your criteria and have the best chance of making it to closing.  Now it’s time to personally visit the few on your short list.  Your primary purpose in visiting the property is to get an estimate as to how much it’s going to cost you to repair the home.  As a real estate investor, you want a property that needs some work so that the average home buyer won’t want it, and you can get it at a lower-than-average…

Getting from “I want to sell my house” to “SOLD” is often a long and stressful process.  The last thing you want to do is find someone who wants to buy your house and then lose him or her. 

Here are five ways to avoid deal-killing surprises:

• Get a home inspection.  If you truly don’t want any surprises, get a home inspection before you put your home on the market.  Then make all repairs needed; or disclose the problems up front, and tell the potential buyers how much you’ve reduced the price instead of making the repairs.

• Do not ask for favors.  You don’t want to suddenly ask the buyers if you can delay closing for six months or if you can keep the crystal dining room chandelier.

• Go over the contract in detail.  Ask your agent to have the…