What drives property values in Shelton to move up and down?

Property values are forever in flux. Over a long enough period of time, property values almost always appreciate. But, of course, there is always a certain amount of risk in real estate.

When your home appreciates you have a larger asset to borrow against, and you'll generate a larger profit when you sell. Property values in Shelton fluctuate for a variety of reasons, so how will you know what you're purchasing presently won't depreciate the day after you close? The most important factor to consider is that you choose a real estate agent in Shelton who is familiar with the factors that drive local prices.

The economy is believed to be the number one factor affecting real estate appreciation. Obviously, interest rates, unemployment, job growth, government programs and quite a few other national factors have a measurable effect on your house's worth. However, your home's value and the things that play the biggest role in its appreciation are specific to the local Shelton economy and housing market.

Let Shelton Land & Homes, LLC help you with your first home purchase in Shelton Location in a community - Being close to schools, employment and amenities like shopping, restaurants and entertainment is a big deal to a lot of buyers and will greatly influence home values. So these communities usually appreciate, or retain their value, best.

Real estate sales trends - How long are homes on the market? What was the final sales amount versus the asking price? A lot of data can be retrieved from public records, but a good agent with a login to the local MLS will often provide a more complete picture.

The appreciation history - Is the area believed to be desirable because of its location or affordability? Have property prices gone up or down over the last 5-10 years?

Local economy - Is there a nice mix of business in an area, or does it rely upon just one industry? Have companies moved into or away from an area? Are local businesses hiring? Each of these pieces plays a part.

Identifying the factors that influence your home's worth is important. Click here to receive an evaluation of your property's value. Call me at (360) 426-5555 or e-mail me if you have any questions at all. I'd love to hear from you.

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