|
|
|
|
What drives property values in Houston to move up and down?
Home values are forever in flux.
Home values appreciate in the long term usually.
But, of course, in real estate there is always a certain amount of risk.
When your house appreciates you have a larger asset to borrow against, and you'll generate a bigger profit when you sell.
But how do you know what you're buying this year will appreciate over time? Property values in Houston go up and down for different reasons.
Choosing a REALTOR® in Houston who recognizes the factors that influence local prices is the most important part.
What is the most important factor affecting real estate appreciation? Many are convinced that it's the economy.
Clearly,
mortgage rates, unemployment, business growth, government programs and several other national determinants have a definite affect your house's value.
However, your property's value and the features that play the biggest role in its appreciation are specific to the local Houston economy and housing market.
Access to services - Most people want homes in the areas with the most accommodating amenities, like our jobs and schools.
So when it comes to retaining their value, these regions consistently appreciate the best.
Recent sales - Your REALTOR® should provide you with figures on the recent real estate sales in the districts that you'd like to live in. You'll want to know average time on market, selling versus listing price and more.
Appreciation history - Have house prices gone up or down over the last 5-10 years? Is the neighborhood considered desirable because of its location or affordability?
Local economy - Is there a good mixture of jobs in an area, or does it rely on just one industry? Have companies moved into or away from an area? Are local businesses hiring?
Each of these pieces plays a part.
 |
 |
 |
It's vital to know the factors that play into your home's value.
Click here to receive an evaluation of your home's value.
Please call me at 713-988-0021 or e-mail me with any questions.
| |
| |
 |
|
|
|
8700 Commerce Park Dr Ste 155 8700 Commerce Park Drive #155 Houston, TX 77036-7429 Phone: Fax: First Time Buyers | Home Buyer Checklist | For Buyers | News | Press Release | Real Estate Glossary | Selling Your Home | Home | Site Map | Home Appreciation | Blog | Foreclosure Listings Copyright © 2012 First World Realty
Portions Copyright © 2012 a la mode, inc.
Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site Map
All rate, payment, and area information are estimates and approximations only. |
