Our Team Marvin Bush, Sales Associate/Team Leader DRE 01729105 Michelle Garcia, Sales Associate DRE 02101807
Over time, the value of a home will fluctuate up and down. In most cases, property values appreciate in the long term. But, of course, in real estate there are no guarantees.
When your property appreciates you have more equity to borrow against, and you'll realize a higher profit when you sell. Property values in BAKERSFIELD shift for many different reasons, so how do you know what you're investing in now won't depreciate the day after you close? Choosing an agent in BAKERSFIELD who understands the factors that drive local prices is the most important aspect.
The economy is thought to be the top factor affecting real estate appreciation. Clearly, there are quite a few factors on a national level that alter your house's value: unemployment, interest rates, quarterly earnings reports, and more. However, your house's value and the things that play the biggest role in its appreciation are specific to the local BAKERSFIELD economy and housing market.
Access to services - Most people want homes in the areas with the best and most convenient amenities, like our work and schools. So those areas usually appreciate, or keep their value, best.
The latest home sales - You should receive information on the recent real estate sales in the districts that you're interested in from your real estate agent. You'll need to analyze things like time on market and asking price versus selling price.
Appreciation history - Have property prices gone up or down over the last 5-10 years? Is the community thought to be desirable because of its location or affordability?
Local economy - Is there a nice blend of work in an area, or does it count on just one industry? Have companies moved into or away from an area? Are local companies hiring? These items play a role.
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.