|
|
|
|
|
|
What drives property values in San Fransisco to move up and down?
Home values are forever in flux.
Over a long enough period of time, property values almost always appreciate.
But, in real estate there are no guarantees.
When your home appreciates you have a more valuable asset to borrow against, and you'll make a bigger profit when you sell.
But how will you be sure what you're purchasing today will appreciate over time? Property values in San Fransisco go up and down for different reasons.
Choosing a REALTOR® in San Fransisco who recognizes the factors that drive local prices is the most important aspect to consider.
The economy is assumed to be the top factor impacting real estate appreciation.
Clearly,
mortgage rates, employment, job growth, government programs and several other national factors have a measurable influence your property's worth.
However, your home's value and the features that play the biggest role in its appreciation depend on the local San Fransisco economy and housing market.
Access to services - Many home buyers choose to live in areas with the most accommodating elements for families to develop, such as a close proximity to schools, jobs, and work.
So when it comes to holding their value, these areas generally appreciate much more reliably than areas lacking key features.
Recent sales - Your REALTOR® should provide you with data on the recent home sales in the areas 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 past 5-10 years, have home prices increased or decreased? Does location or affordability affect how desirable the community is thought to be?
Economic factors - Have businesses moved into or away from an area? Are local businesses hiring? Is there a good mixture of job types in an area, or does it rely on just one industry?
Each of these elements plays a part.
 |
 |
 |
It's wise to know the factors that play into your house's price.
Click here to receive an estimation of your home's value.
And if you have any questions, call me at 4054109662 or e-mail me .
| |
| |
 |
|
|
|
THIS WEBSITE IS FOR EXAMPLE PURPOSES ONLY! First Time Buyers | Home Buyer Checklist | For Buyers | News | Press Release | Real Estate Glossary | Selling Your Home | Home | Home Appreciation | Bay Area Blog | Foreclosure Listings Copyright © 2012 Candlestick Real Estate
Portions Copyright © 2012 a la mode, inc.
Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site Map
All rate, payment, and area information are estimates and approximations only. |
