Fluctuating home prices: What causes this?
When your property appreciates you have more equity to borrow against, and you’ll create a greater profit when you sell. Property values in the area shift for many different reasons, so how do you know what you’re buying right now won’t depreciate the day after you close? The most important thing is that you select a real estate agent in your area who knows the factors that influence local prices.
Location in a community – Most people want homes in the areas with the easiest access to features, such as our work and schools. So when it comes to retaining their value, these regions often appreciate better than others.
Recent sales – Your real estate agent should provide you with figures on the recent real estate sales in the districts that you’re asking about. You’ll want to know average time on market, selling versus listing price and more.
History of appreciation – In the last 5 to 10 years, have home prices increased or decreased? Does location or affordability affect how desirable the neighborhood is believed to be?
Local economy – Is there a good blend of job types in an area, or does it count on just one industry? Have businesses moved into or away from an area? Are local businesses hiring? Each of these items plays a part.
Legacy Real Estate Group: Colorado‘s real estate experts
Homes are our lifetime securities; ranking highly among our clients’ most important financial investments. Our homes so frequently evoke personal memories of cherished family experiences that the impending purchase or sale of a home becomes an especially strenuous endeavor to our clients. It causes us to approach our task with special sensitivity, concern and professional competence.
We understand the convenience of technology without losing the personal touch. Explore www.LegacyRealtor.net and you’ll love the resources available here such as mortgage calculators, our listings, tips for staging your home and much more – plus the e-mail alerts that we send, but these will never replace the time we personally spend with you, serving as your guide through this exciting process.
— Garry Callis, Broker Owner — Cell# 303-257-4725 — firstname.lastname@example.org
— Lisa Henry, Broker — Cell# 303-931-1882 — email@example.com
Welcome to Legacy Real Estate Group’s fantastic new real estate blog site!
I’ve been a Realtor around here for longer than most can remember, and I eat, sleep and breathe real estate. I love market statistics and staying on top of the latest trends.
I serve my clients better by being the expert professional in real estate. You can count on my knowledge, and here’s where I’ll share it all with you.