Homes For Sale Huntington Beach 92648

Huntington Beach Homes for Sale 92648

Are you looking to buy a home in Huntington Beach? Is 92648 the zip code the area you are most interested in? Learn more the neighborhoods in HB that have that zip code and what the market trend is as we end summer of 2022.

According to real estate statistics the median sale price is 1,205,000 which is up 15.4 percent year-over-year. There were 152 homes sold as of July, down 30.9% year-over-year. Average days on the market was 31.

Some Huntington Beach homes get multiple offers. The average homes sell for about 1% above list price and go pending in around 31 days. Desirable properties can sell for about 3% above list price and go pending in around 17 days.

Nearby Zip Code Listing

• 92684 Real Estate
• 92708 Real Estate
• 92646 Real Estate
• 92647 Real Estate

Will home prices in California drop in 2022?

2022 California Housing Market Forecast "C.A.R.'s" predicted a 5.2% decline in existing single-family home sales to 416,800 units, down from the projected 2021 sales estimate of 439,800 units. Their forecast for California median home prices was for a rise of 5.2 percent to $834,400 in 2022.

Average 30 year mortgage rate

On Monday, August 29, 2022, the current average rate for the benchmark 30-year fixed mortgage is 5.89%, rising 11 basis points over the last week. For homeowners looking to refinance, the average 30-year refinance rate is 5.85%, rising 9 basis points over the last week.

Tips For Buying a Home in Huntington Beach 92648

There are several ways to avoid making costly mistakes in the home buying process. These include avoiding contingencies, getting pre-approved for a mortgage, and getting a home inspection. These steps will help you get the home of your dreams at the lowest possible price. You can also learn how to negotiate with a seller's agent and avoid making a purchase with conditions you cannot meet.

Getting pre-approved for a mortgage

If you're looking to buy a new home, getting pre-approved for a mortgage can help you get a mortgage faster. Once you've gathered all of the necessary documents, you can visit a lender and fill out a mortgage loan application. This application is commonly called a Form 1003 "Uniform Residential Loan Application (URLA)" and asks for basic information like your social security number, financial situation, and the type of loan you're interested in. In addition, it pulls a three-bureau credit report to see your credit score and history. The application can be completed at a bank, mortgage lender, or online.

Getting pre-approved, not pre-qualified, is a great way to avoid buying a home that's too expensive for you. It's possible to get approved for less than you initially planned, but it's better to be safe than sorry. If your pre-approval is lower than what you're comfortable spending, tell your real estate agent. This will prevent you from falling in love with a home that's too expensive.

Getting a home inspection

Getting a home inspection before buying a home is an essential step in the home-buying process. Home inspections help you identify issues with the home and ensure that there are no hidden surprises. They can also help you get a better price on a home. You can negotiate with the seller to lower the price if he or she has not taken care of the issues or ask the seller to pay for the repairs.

While there is no requirement for buyers to be present during the home inspection, it is a good idea to do so. This way, you can watch the inspector in action and ask questions. In addition to this, you'll be able to understand the home's condition better.

Negotiating with a seller's agent

Negotiating with a seller's agent while buying a home is an essential part of the purchasing process. It involves the exchange of basic terms, such as the price offered, the closing condition, and personal property and fixtures. The real estate agent will also help you fill out a standard one-page offer form. This form does not bind you to purchase the home but can help you negotiate the deal.

If the seller's agent has a good reputation, they may be more flexible in terms of the commission they charge. You can negotiate their fee but make sure both parties are on the same page. Some agents may refuse to negotiate if they feel they do not have a solid income stream, so it's important to get the best deal possible. But if you're not comfortable negotiating a lower commission, consider hiring another agent.

Avoiding contingencies

When buying a home, the buyer's best bet is to avoid contingencies as much as possible. A contingency means certain steps have to be taken before the contract is final, and it slows down the purchasing process. It can also make negotiations difficult. Sellers prefer buyers with fewer contingencies because it decreases their risk and speeds up the process.

Contingencies can also add to the cost of the home. The seller has to wait longer to sell their home if the buyer backs out. If the buyer doesn't follow through on the purchase, he or she might not get the money they have paid.

Learn more about working with the best buyer and seller agents in Huntington Beach by contacting us now.