Sebastopol is a small town in Sonoma County located west of Santa Rosa. It’s a desirable place to live for its award-winning wineries and its delicious farm-to-table restaurants. Many people are considering buying a home in Sebastopol, and this article will tell you everything you need to know about how to proceed.
Why should you buy a house in Sebastopol?
Proximity to nature
Sebastopol’s culture is marked by the fine wines and the excellent food you can enjoy in town. The city is home to several different vineyards and tasting rooms. Many people travel to the city from throughout the region to make their way through each tasting room in town. Sebastopol locals get to enjoy these fantastic creations anytime they choose. The city also houses several organic farms and food producers, ensuring you always have fresh ingredients for home-cooked meals.
Sebastopol residents take pride in their town. The community is close and tight-knit. You’ll enjoy regular events such as the farmers market, festivals, and concerts. Many people in Sebastopol know their neighbors and enjoy socializing regularly.
Downtown Sebastopol & The Barlow
The Barlow is a 12 acre local eco-friendly market located in downtown Sebastopol. This outdoor commercial area offers a mix of local food, wine, beer, spirits and crafts made onsite by Sonoma County artisans.
What to know about buying a house in Sebastopol
Median house price
California’s property taxes are below the national average of 99 cents per $100 assessed value. California residents only have to pay 71 cents per $100. Remember that you won’t have to pay the entire amount for the year you purchase the home unless you close on January 1st. Instead, you’ll pay a prorated value based on how many days you occupy the house during the year. If the previous owner paid for the entire year in advance, they would get reimbursed based on how many days during the year you owned the home.
Money-saving tips for buying a home in Sebastopol
Find the best mortgage rate
Many people aren’t aware that different lenders can offer different interest rates. Talking with multiple providers may feel like a chore, but it can save you thousands of dollars on accrued interest. Ensure you set aside enough time to speak with three or four lenders (if not more) to learn who can offer you the best deal.
Make a substantial down payment to minimize monthly expenses
One way to save on your monthly payment is to put down more money at closing. You’ll spend more cash on the front end but save money over time because you won’t accrue as much interest. The minimum amount you’ll need to set aside for your down payment depends on what type of loan you’re using to purchase your home. Most loans require a down payment of at least three percent of the total cost of your home.
Increase your credit score
If you’re not happy with your initial interest rates, you can improve your financial position by working to raise your credit score. You probably won’t notice a massive change overnight, but you can see gradual improvement if you commit to using less of your available credit balance each month and paying off your bills before the due date.
One step closer to Sebastopol
*Header photo courtesy of Unsplash