The 2018 Real Estate Forecast

Start 2018 out right and get involved in the real estate market. If you've been thinking about selling your current home or buying a new one, it's always good to know what to expect in the coming year. 2018 is predicted to be the year for timing. As real estate markets continue to rise on average, both buyers and sellers will have to figure out when the time is right to pull the trigger. Balboa Realty is the team of Orange County real estate experts and will help you know what you're up against when the clock turns 2018. 

Thinking about buying a home in Orange County? Call Balboa Realty today: 949-386-8310

Figure Out Your Financial Situation

Before you think about buying a new house or selling your home, first things first - get your finances in order. The last thing you'll want is to put yourself in a situation where you are drowning in monthly mortgage payments. This not only means you will be extremely stressed, but if you can't make your payments, you could ruin your credit and find yourself without a home all together. Avoid this nightmare by being honest with your finances and live within your means. With increased rental prices and higher interest rates, it's hard for many to save enough money for a down payment on a home and then also make monthly payments. Our advice is to start saving early. Use your current income and your current expenses as a good starting place and put some money aside each month. Jus wait - in no time you will be ready to buy a new home and Balboa Realty can help you!

Buying Forecast

It's true that many people were hesitant to buy a new home in 2017 and are still cautious in the new year. The good news is that there is a new found hope and confidence from buyers in 2018 that wasn't seen as much in 2017. Get out there early and start looking for a new home of your dreams. Keep in mind suburbs are undoubtedly cheaper and you can get more bang for your buck. Contact a real estate expert like Balboa Realty and enlist their help. With rising prices, lots of research will need to be done to make sure you are getting what you pay for, but when you do find a gem, don't be afraid to pounce. If you like what you see, present a fair offer and be prepared for a bidding war. Always stay within your budget and if the bidding war gets out of control, have faith that there is another home right around the corner.

Selling Forecast

If you're toying with the idea of selling your home, 2018 is a great year to do so. Many people feel that 2018 is an even better time to do so than previous years. Balboa Realty is here to help you sell your home in Orange County. Home prices continue to rise, and are doing so overtime - slowly but surely. Even with rising listing prices, inventory is not a high as one might think giving you an edge up. There is less competition for sellers, so as you receive offers carefully consider each other. It's important to know when you jump at an offer and when to sit it out. Balboa Realty, the Orange County real estate experts will help you know exactly when and how to sell you home in Orange County.

Published on Friday, December 29, 2017