Monthly Archives: October 2019
Primary Residence, Second Home or Investment Property: How to Know the Difference
In California it is not uncommon for homeowners to own more than one property. Mountain cabins, beach houses, and vacation homes are part of the lifestyle. However, when it comes to getting a legal or financial edge, it can sometimes be hard to know how to classify the property. Here is a basic overview of... Read More
ADUs get a Boost from New California Laws
Governor Newsom of California has recently signed a string of new laws aimed directly at the growing problem of housing costs. As Newsome recently said, “the high cost of housing and rent is putting the squeeze on family budgets, and our housing shortage threatens our economic growth and long-term prosperity.” Since his election... Read More
New Condo Rules Making it Easier to Buy
If you are thinking of buying a condo or townhouse with an FHA loan product, we’ve got some good news for you: the Department of Housing and Urban Development (HUD) just made it easier to buy a condo using their Federal Housing Agency (FHA) low down-payment loans. The first thing to note is that,... Read More
A Decline in Foreign Buyers
The National Association of Realtors (NAR) recently released a report summarizing foreign buyer activity from April 2018 – March 2019, titled Profile of International Activity in U.S. Residential Real Estate. The top three countries that foreign buyers came from were China ($13.4 B), Canada ($8.0 B), and India ($6.9 B). This is the lowest level... Read More
The Pest Inspection – What you Need to Know When Buying or Selling Santa Cruz Real Estate
Are you planning on buying or selling property with a structure on it (i.e. a home, condo, townhouse) in Santa Cruz County? If so, do you know what a pest inspection is and how it is used in the sale of property? Read on to learn why these inspections are important, and how it... Read More