Santa Cruz, CA, is located about 75 miles south of San Francisco. Approximately 64,000 residents occupy an area of 16 square miles. The city thrives on tourism and education, and the University of California, Santa Cruz campus is found in the heart of the city. The University was established in 1965 and is home to around 20,000 students.
Residents and tourists flock to the many recreational and cultural attractions of Santa Cruz, including:
Santa Cruz Symphony: The symphony presents a yearly concert series featuring family performances, pop concerts, and hosts school visits for local institutions.
Santa Cruz Film Festival: The festival is a yearly event that allows independent filmmakers to showcase their work.
Santa Cruz Shakespeare: The Shakespeare event is an annual summer presentation of Shakespearean plays.
The Santa Cruz Beach Boardwalk is another major attraction that brings tourists to the city year-round. The Boardwalk is listed as a California Register of Historical Resources landmark and has been in operation since 1907, offering visitors young and old a variety of fun activities, rides, and dining opportunities.
The median listing price of homes for sale in Santa Cruz is $1,549,000—a significant jump from last year’s median price (~$1 million). Santa Cruz is in the midst of a hot seller’s market, which means there are currently more buyers than homes for sale.
Professional realtors can access the MLS
While you may think you have all the information needed in a listing via an online real estate listing website, that’s only partially true. Professional realtors have exclusive access to a real estate database called the Multiple Listing Service (MLS). On your own, you’ll get the basics on properties online, but you won’t be able to access everything you need to know about a property. Often, homes will appear on the MLS before going public. Additionally, realtors have access to private listings via the MLS. Using a professional realtor means they’ll alert you of listings that fit your budget and other criteria as soon as they’re available and provide updated information on any current offers, inspection report findings, and offer histories.
Realtors are aware of a property’s history
An experienced realtor has access to a property’s entire history. This includes liens, foreclosures, lawsuits, complaints, and inspection findings, including structural problems and repairs. This information can prove invaluable when looking at Santa Cruz condos for sale.
Hidden costs of FSBO (for Sale By Owner)
Owners of Santa Cruz condos for sale or single-family homes for sale may think they could save money by selling their homes without the help of an experienced realtor. These listings are labeled as “for sale by owner” or FSBO.
FSBO properties generally sell for about 30% less than those listed with experienced realtors. In addition, if you’re an FSBO seller and a realtor represents your buyer, you’ll still be on the hook for paying a commission on behalf of the buyer. Thus, investing in a licensed Santa Cruz real estate agent is worth it. The relatively minor commission fee is more than worth the hassle and potential added costs a seller might incur if they miss a critical part of a sales transaction.
Experienced realtors understand complicated transactions
Not all real estate transactions are straightforward, and the laws and regulations change frequently. A real estate agent isn’t just a salesperson; they are highly trained and licensed in the specifics of any real estate-related challenges. In fact, to keep their licenses current and active, states require realtors to take part in continuing education every year. They act as expert guides and exist to help you navigate and complete the numerous reports, disclosures, and legal and financial documents involved in a real estate transaction. Trying to complete these forms on your own will likely result in mistakes that could cost you time, money, or both.