Fluctuating home prices in Dunedin , Florida: What causes this?

Over time, the worth of a home will fluctuate up and down. Home values appreciate in the long term almost always. But, in real estate there are no "sure things".

When your property appreciates you have a larger asset to borrow against, and you'll see a larger profit when you sell. There are various reasons why property values in Dunedin fluctuate. So, how do you know what you're purchasing presently will appreciate over time? The most important factor is that you go with a REALTOR® in Dunedin who knows the factors that influence local prices.

What is the greatest factor affecting real estate appreciation? Many are convinced that it's the economy. It goes without saying that mortgage rates, unemployment, job growth, government programs and a lot of other national factors have a noticeable effect on your house's value. However, your property's value and the components that play the biggest role in its appreciation are particular to the local Dunedin economy and housing market.

Let Hot Homes Realty help you with your first home purchase in Dunedin Access to services - Many consumers wish to live in areas with the most conducive elements for families to shine, like a close proximity to schools and work. So those communities consistently appreciate, or retain their value, best.

Prior home sales - Are homes on the market 30, 60, or 90 days or even longer? What was the selling price versus the listing price? A lot of data can be retrieved from public records, but a good agent with access to the local MLS will often be able to provide a more complete picture.

History of appreciation - In the past 5 to 10 years, have property prices increased or decreased? Does location or affordability affect how desirable the area is thought of as?

The local economy - Are local businesses hiring? Have businesses moved into or away from an area? Is there a fair blend of jobs in an area, or does it count on just one industry? Is the mix of commercial and residential zoning changing? These items play a part.

Learning the factors that influence your house's financial worth is important. Visit this link for an estimation of your property's value. Have any questions? Please feel free to call me at (727) 455-5510 or e-mail me.

Hot Homes Realty

310 Causeway Blvd.
Dunedin , FL 34698