Finding Santa Cruz Homes When Inventory is Low

Finding Santa Cruz Homes When Inventory is LowIf you have been searching for a home in Santa Cruz County your search may have felt challenging and at times even frustrating as inventory remains lower than it has been in several years. But with the right shopping strategy, there is a way to find a home in Santa Cruz that you will love for a price that you can afford to pay. Read on to discover tips for finding a home when inventory is low.

Working with local professionals

The first and best bit of advice we can give you is to work with a local real estate agent to help you find the perfect home that meets all of your needs and wants. Shopping for a home right now in Santa Cruz can feel like trying to purchase the most popular item of clothing in a store when they are having a 90% off sale. Even though homes are not at huge discounted prices there are still more buyers looking for homes than there are homes available for sale and sometimes buyers end up battling for the same home. But one trick to getting ahead of the game is to work with an agent who knows the area like the back of their hand.

A local agent has time to search for homes because it is their job. It is what they are paid to do. They can take the time to search and sometimes they don't even need to dig or go hunting for your ideal home. Sometimes they just know when a home is coming on the market or if there has been at home getting little attention that meets what you were looking for. This is because they are well-versed in the area and have formed relationships and make it their focus to be an expert in their local real estate market.

Not working with a local agent is like jumping into a swimming pool without ever having taken a swimming lesson. You may or may not come out on top. There's a high chance of sinking to the bottom and getting in over your head. The first thing you should do is have a chat with a local real estate professional about your homebuying goal.

Put the word out

Let people know that you are searching for a new home. You may be surprised to discover that you have a friend of a friend whose aunt is considering selling their home but wanted to ensure that it would be sold to the right person not just go into some sort of bidding war or receive pressure from someone with large amounts of cash in hand. 

Consider posting on your social media platforms that you were looking for a home and would love the help of your friends. Putting out feelers if they know anyone who is selling or getting ready to sell soon. You may even consider posting something on Nextdoor to your neighbors or neighborhoods you would love to live in letting people know that you are interested and searching for homes within the neighborhood. This may help you find an opportunity that no one else knows about.

Look for a home the old-fashioned way

Before the Internet existed and you could shop for homes from the comfort of your couch people had to look through the free newspaper they got at the grocery store or go driving around in search of for sale signs. Go out to the neighborhoods you hope to move to and spend time in the area. Get to know the neighborhood and it will help you to discover if you truly want to move there as well as could help you to gain insight or catch talk about a potential property coming up for sale. Networking and hanging out in the general vicinity of where you hope to move could get you a jumpstart on news of a property coming out for sale.

Consider attending an auction

If you are searching for a home in a particularly popular area where homes are rarely on sale you might consider searching for alternative purchasing methods. A home auction could be a way to find a property and pay less money than the fair market value for the home. It is good to note that buying a home at an auction does come with some risks and will require a fair amount of cash on hand. If you have the budget and you do enough studying about the auction process you may be able to find a great home at a surprising price.

There are many ways to find a home to buy in Santa Cruz County even when there are fewer homes for sale. Of course point number one is going to be your best strategy of them all. Working with someone who knows the market well is crucially beneficial to your success in finding a home you will love. If you are looking for a home in Santa Cruz County I can help. Contact me anytime for any Santa Cruz County real estate needs.

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