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

Appreciating property values in BAKERSFIELD

Property values are constantly moving up and down. Over a long enough period of time, house values generally go up. But there are no guarantees in real estate.

When your house appreciates you have a bigger asset to borrow against, and you'll make a greater profit when you sell. There are different reasons why property values in BAKERSFIELD go up and down. So, how will you know what you're buying presently will appreciate over time? Choosing an agent in BAKERSFIELD who is familiar with the factors that influence local prices is the most important thing.

The economy is thought to be the top factor affecting real estate appreciation. It goes without saying that mortgage rates, unemployment, business growth, government programs and some other national factors have a noticeable impact on your property's worth. But the most influential issues that determine your house's value are particular to the local BAKERSFIELD economy and housing market.

Let The Bush Team @ Premier Realty DRE 01357148 help you with your first home purchase in BAKERSFIELD Location in a community - Convenient access to schools, jobs and amenities like shopping, restaurants and entertainment is important to a lot of families and will greatly influence home values. So when it comes to holding their value, these regions generally appreciate much more reliably than areas lacking key features.

Real estate sales trends - What's the time on market? What was the selling price compared to the asking price? A lot of data can be obtained from public records, but a good agent with a login to the local MLS will usually provide a more complete picture.

History of appreciation - In the last 5-10 years, have home prices gone up or down? Does location or affordability affect how desirable the community is considered?

Economic factors - Have businesses moved into or away from an area? Are local companies hiring? Is there a fair mixture of work in an area, or does it rely upon just one industry? Each of these factors plays a role.

It's wise to know the factors that play into your home's market price. Click here to get an assessment of your property's value. And if you have any questions, call me at 6612152017 or e-mail me .

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The Bush Team @ Premier Realty DRE 01357148

3977 Coffee Road Suite C