Appreciating property values in Davie
Property prices are forever in flux.
Property values appreciate in the long term generally.
But there is always a certain amount of risk in real estate.
When your home appreciates you have a greater asset to borrow against, and you'll realize a greater profit when you sell.
There are numerous reasons why property values in Davie change. So, how do you know what you're investing in now will appreciate over time?
It's important that you choose a REALTOR® in Davie who is familiar with the factors that influence local prices.
What is the major factor affecting real estate appreciation? Many guess that it's the economy.
Clearly,
interest rates, unemployment, job growth, government programs and a handful of other national factors have a measurable influence on your property's worth.
But the most significant issues that determine your property's value are specific to the local Davie economy and housing market.
Access to services - Proximity to jobs and schools also have a significant influence on almost all home buyers' choices.
So when it comes to keeping their value, these communities usually appreciate the best.
Recent sales - Your REALTOR® should give you data on the recent home sales in the districts that you're interested in. You'll want to know average time on market, selling versus listing price and more.
The appreciation history - Is the community thought of as desirable because of its location or affordability? Have home prices increased or decreased over the last 5 to 10 years?
Local economy - Is there a good blend of job types in an area, or does it depend on just one industry? Have businesses moved into or away from an area? Are local businesses hiring?
All these play a role.
Identifying the factors that play into your home's worth is important.
Get an assessment of your home's value
here.
Have any questions? Please feel free to call me at (954) 598-0700 or
e-mail me.