Learn About Rancho Santa Fe Real Estate Sales

Finding a Buyer for Your Rancho Santa Fe Home

Once your Rancho Santa Fe home is ready to show, your agent will list the property in the MLS or Multiple listing Service. Most homes are sold as a direct result of their listing in the MLS, which today also means the home will get extensive Internet exposure. Other ways that your agent will use to find buyers include advertising in newspapers and magazines, holding open house and signage.

Bitten by the Rancho Santa Fe Home Improvement Bug?

Maybe, like millions of Americans, you can’t help it! You live in your Rancho Santa Fe home for several years and before you know it, you find yourself thinking about how the kitchen would look with new cabinets and a granite countertop. Should you start with the kitchen or would it be better to add a home office to give the family a little more room? There seems to be endless options for the creative Rancho Santa Fe homeowner bitten by the Home Improvement Bug. Once you get started thinking along these lines, it usually doesn’t take long before the ultimate question pops up. Is it better to improve your current home or simply sell and buy a bigger, newer or more desirable Area home? Here are some issues to help you make that all-important decision.

Building Rancho Santa Fe Home Equity

A popular question from prospective Rancho Santa Fe homebuyers relates to building home equity. Buyers like to estimate how much a home may increase in value based upon past appreciation. One of the many advantages of home ownership is that appreciation is based on the home’s market value rather than on the actual dollar amount invested or the down payment so that a $100,000.00 home that appreciates 5% is now worth $105,000.00, especially in Rancho Santa Fe.

With a typical 30-year loan, most of your monthly payment goes toward interest payments with only small amounts going to the principle in the early years. Only half the principle is repaid in the first 23 years of the loan. You can build Rancho Santa Fe home equity faster by choosing a 15-year loan instead of a 30-year loan.

Green Remodeling Your Rancho Santa Fe

Reduced material waste and resource conservation. When remodeling your Rancho Santa Fe, there is often a large amount of construction waste: 136 million tons of waste annually, or about 20% of the waste in landfills, according to the EPA.

If you are planning to remodel your Rancho Santa Fe anyway, going green offers money-saving advantages. In addition to increasing the value of your home, you will cut monthly operating costs, reduce waste and improve overall health.

The Benefits of Selling Rancho Santa Fe

In order to sell Rancho Santa Fe as your personal residence, you must have lived in it for two out of the five-year period ending on the date of the sale of the property. This means that you can buy a second home and live in it as your personal residence while renting out your first home. If, in a couple years you decide to sell your first Rancho Santa Fe personal residence you can sell it and still benefit from the $250,000 to $500,000 Capital Gain tax exclusion. The law says that the home must be your personal residence for at least two out of the past five years.

Rancho Santa Fe SAVINGS

Everyone wants to buy the home of their dreams at the lowest possible price. Here is a tip for making the best Rancho Santa Fe buying decision. Make sure you know the actual real estate values in the area or areas where you plan to buy so that when you come across a home priced below market, you will know it.