Ray Peckham Real Estate

Tips for Selling Huntington Beach Homes and Condos

Huntington Beach Real Estate Cycles

One problem with attempting to time your purchase to the business cycle is that even experts have problems accurately predicting the future economy. Even when they can, the Huntington Beach market does not necessarily move in tandem with the stock market or the economy as a whole. Huntington Beach is a unique situation.

When the economy is doing well, interest rates are generally higher. The result is that fewer people can afford houses, and Huntington Beach is no exception. When the economy slows down, interest rates fall, the "affordability index" moves up and more people can afford houses. The Huntington Beach market will take the lead.

Huntington Beach. How Much Should You Offer?

A good starting premise is that everyone wants to buy a home for thousands of dollars under market and when the time comes, to sell that home for thousands of dollars over market. This is basic human nature. When you are in the position of making an offer on Huntington Beach real estate property there are certain facts you need to know.

Is it a Buyer’s Market or a Seller’s Market? In a Buyer’s Market conditions favor the buyer. Huntington Beach real estate listings are plentiful, home sales are declining or stagnant. In a Seller’s Market the opposite is true. There are more buyers looking for homes than there are homes available. Your low-price offer is far more likely to succeed in a Buyer’s Market than in a Seller’s Market. How do you know what kind of a market exists? Ask your REALTOR, read the newspaper, check online.

Bitten by the Huntington Beach Home Improvement Bug?

Before you finalize your decision regarding remodeling versus moving, it is wise to get a professional estimate of your Huntington Beach home’s current value, the actual costs of moving to a different home and the estimated return on investment of the most common types of home improvement. I’ll be happy to provide you with a complimentary analysis of your home’s current value. Simply call or E-mail me whenever you are ready. As for improvements that traditionally bring the highest rate of return on investment, here are some statistics. Kitchen remodeling and adding a bath tends to bring rates of return with averaging anywhere from 85% to 95% return on your dollars spent. Compare that with the 64% return on investment for adding a home office.

Buying a Huntington Beach Fixer-Upper

Finding the right Huntington Beach fixer upper often involves finding a seller who is in financial difficulty and wants to sell in order to protect their credit or to avoid foreclosure. Various government agencies such as VA, HUD, IRS and others offer homes in foreclosure for sale and these homes can make excellent fixer-uppers. Bank owned properties known as REOs, real estate owned, offer good opportunities since financial institutions want to eliminate their real estate holdings by selling foreclosures quickly.

Join my network of Huntington Beach buyers looking for specific types of properties. Call or Email me today.

Taking Title to Your Huntington Beach

Each owner has a separate title to an undivided interest in the entire property. Each owner is allowed to sell, mortgage or give away his/her interest. Any number of people can take Tenancy in Common ownership of Huntington Beachand husband and wife may choose this option as well. When an owner dies, his/her interest passes by will to his/her heirs. In other words, there is no survivorship right.

Each owner has an equal interest in the Huntington Beach. If one owner dies, that person’s share of the property passes automatically to the other without going through probate. Any number of people can take ownership under Joint Tenancy and husband and wife may choose this option as well.

Community Property. Only husband and wife can take title to Huntington Beach in this way. Title is in the community

Huntington Beach INVESTMENT

Investing in Huntington Beach as a second home or as a rental has many advantages. But before you invest, it is a good idea to acquaint yourself with the actual sales price of similar properties and to get a picture of the Huntington Beach market in general. Please contact this office for detailed information on Huntington Beach market