Our Team Marvin Bush, Sales Associate/Team Leader DRE 01729105 Michelle Garcia, Sales Associate DRE 02101807

What causes BAKERSFIELD home prices to fluctuate?

Over time, the worth of a piece of real estate will go up and down. Usually, home values appreciate in the long term. But, in real estate there are no "sure things".

When your property appreciates you have a more valuable asset to borrow against, and you make a bigger profit when you sell. There are different reasons why property values in BAKERSFIELD change. So, how will you know what you're purchasing this year will appreciate over time? The most important thing to consider is that you pick an agent in BAKERSFIELD who recognizes the factors that affect local prices.

A lot of people assume that the economy is the top factor impacting real estate appreciation. After all, there are some factors on a national level that impact your house's value: unemployment, interest rates, consumer confidence, and more. However, your home's value and the things that play the most significant role in its appreciation depend on the local BAKERSFIELD economy and housing market.

Let The Bush Team @ Premier Realty DRE 01357148 help you with your first home purchase in BAKERSFIELD Access to services - Many consumers wish to live in areas with the most convenient amenities for families to shine, such as a close proximity to schools, jobs, and work. So these communities consistently appreciate, or retain their value consistently, year to year.

Recent home sales - You should receive figures on the recent real estate sales in the neighborhoods that you're interested in from your REALTOR®. You'll need to learn figures like how long a house stays on the market and seller discounts.

The appreciation history - Is the neighborhood thought of as desirable because of its location or affordability? Have home prices increased or decreased over the last 5 to 10 years?

The local economy - Are local businesses hiring? Have businesses moved into or away from an area? Is there a fair combination of job types in an area, or does it count on just one industry? Is the blend of commercial and residential development changing? All these play a part.

It's smart to understand the factors that affect your house's worth. Visit this link for an assessment of your home's value. Have any questions? Please feel free to call me at 6612152017 or e-mail me.

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Want to know if a home is still on the market, or if the price has changed? We can help. Simply fill out the information below and with no obligation to you we'll get back to you with your requested information. We guarantee your privacy.

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The Bush Team @ Premier Realty DRE 01357148

3977 Coffee Road Suite C