Rancho Santa Fe Homes Values / A Guide for Buyers and Sellers

Rancho Santa Fe Homeownsers Insurance

Bundle your Rancho Santa Fe insurance policies. Some companies that sell homeowners, auto and liability coverage will take 5 to 15% off your premium if you buy two or more policies from them.

Reduce Your Risk. Find out from your insurance company what steps you can take to make your Rancho Santa Fe more resistant to natural disasters. If you live in an older home, look into modernizing your heating, plumbing and electrical systems to reduce the risk of fire and water damage.

Rancho Santa Fe. How Much Should You Offer?

Or more precisely, what does the seller owe on the property. If a seller owes $400,000 on the Rancho Santa Fe real estate he or she is not likely to welcome an offer for $350,000. If you want to negotiate price, make sure you don’t waste your time negotiating where there is no room to budge.

Even if the loan is high, if the seller is in default there is a possibility of a short sale as many lenders will reduce the loan balance in order to move the property. Most lenders do not want to foreclose and manage homes and the Rancho Santa Fe market is no exception.

Building Rancho Santa Fe Home Equity

As a Rancho Santa Fe homeowner you have the right to pay more towards the principle loan amount each month. Let’s say your monthly payment is $700.00 a month and $100.00 a month is being applied to the principle. If you choose to pay $900.00 instead of $700.00, the $200.00 overage will be applied entirely to the principle. Thus, instead of gaining $1,200.00 a year in Rancho Santa Fe home equity, you gain $3,600.00.

The only factor being considered here is Home Equity. In individual cases it may be wiser to invest than to pre-pay your home loan. It also may be wiser to pay off high-interest, non-deductible loans before considering your Rancho Santa Fe home equity building options. Your financial advisor is the one to consult for these matters. If you would like up-to-the-minute information about Rancho Santa Fe home appreciation values in your area, please call or E-mail me today.

Green Remodeling Your Rancho Santa Fe

If you are planning to remodel your Rancho Santa Fe, keep home resale in mind and consider going green. Green remodeling is becoming more popular as homeowners consider health issues, skyrocketing energy costs and Earth’s natural resources. And, when it comes time to sell your home, your energy efficient and Earth saving remodeling may help you sell your Rancho Santa Fe quickly and for top dollar.

The Benefits of Selling Rancho Santa Fe

As you know, you are allowed to sell your Rancho Santa Fe principal residence once every two years and exclude up to $250,000 ($500,000 for a married couple) of the gain of the sale on your Federal income tax. Please note: This is not a once in a lifetime tax savings and you don’t have to be any certain age or buy a more expensive property. If you meet the two-year residence test you can sell your principal residence every two years if you are so inclined and the market cooperates. But this tax saving does not affect rental property unless you convert the rental to your personal residence, live in it for two years and then sell it.

Rancho Santa Fe ADVANTAGE

The advantages of buying in any particular city or area depend on the buyer’s individual needs. Factors include proximity to schools, work, shopping, recreation, cultural opportunities and health care. Affordability is another important factor. So your first step in considering Rancho Santa Fe or any other city is to determine which of your needs are met and which are not met.