There is a lot of speculation on what the real estate market will do in 2013. With the upcoming Presidential elections coming up next month many buyers are sitting on the fence and waiting to see the outcome before making any buying decisions. This is typically during an election year as many home buyers are skeptical in making the wrong move. There have been many reports that indicate 2013 will be a strong year for real estate and prices will slowly continue to go up.
We have already started to see this happen here in Huntington Beach as well priced properties are receiving multiple offers. The banks are also gearing up to flush out any distressed properties that may have in their portfolio and focus on helping these owners short sell their homes. If you have been thinking about buying a home we strongly recommend starting now. The next 3 months will be the very best time to negotiate with the sellers since the buying activity will be very low and buyers will have less competition on hot properties. The forecasts indicate a rise in real estate values by over 7% next year and we concur that 2013 will be a very good year to invest in real estate in Huntington Beach. We recommend picking the neighborhood where you would like to live and research home values and watch upcoming listings in that community. Quickly moving on a well priced property during these fall months will help you get a head of the curve while most home buyers will wait for next year.