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

What causes BAKERSFIELD home prices to fluctuate?

Home prices are constantly moving up and down. Usually, property values appreciate in the long term. But, in real estate there is always a certain amount of risk.

When your house appreciates you have a more valuable asset to borrow against, and you get a greater profit when you sell. But how will you be sure what you're investing in right now will appreciate over time? Property values in BAKERSFIELD fluctuate for different reasons. Choosing a REALTOR® in BAKERSFIELD who is familiar with the factors that influence local prices is the most important part.

Many believe that the economy is the most critical factor affecting real estate appreciation. Obviously, mortgage rates, employment, business growth, government programs and some other national factors have a noticeable influence on your home's worth. However, your home's value and the things that play the most significant role in its appreciation 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 Access to services - Convenient access to schools, employment and amenities like shopping, restaurants and entertainment is a big deal to many us and will greatly influence home values. So those communities consistently appreciate, or carry their value, best.

Recent sales - Your REALTOR® should provide you with information on the recent real estate sales in the regions that you're interested in. You'll want to know average time on market, selling versus listing price and more.

Appreciation history - Have home prices risen or declined over the past 5-10 years? Is the area believed to be desirable because of its location or affordability?

Local economy - Is there a fair combination of business in an area, or does it count on just one industry? Have businesses moved into or away from an area? Are local businesses hiring? All these play a part.

It's smart to understand the factors that influence your home's worth. Visit this link for an estimation of your house's value. And if you have any questions, 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
BAKERSFIELD, CA 93308