Home prices are continually changing.
Over a long enough period of time, property values , for the most part, go up.
But, of course, there are no "sure things" in real estate.
When your house appreciates you have more resources to borrow against, and you'll generate a bigger profit when you sell.
Property values in Flowery Branch shift for various reasons, so how will you be sure what you're purchasing presently won't depreciate the day after you close?
The most important aspect is that you choose a real estate agent in Flowery Branch who is familiar with the factors that drive local prices.
A lot of people are convinced that the economy is the top factor impacting real estate appreciation.
Obviously,
interest rates, unemployment, job growth, government programs and many other national factors have a noticeable impact on your property's worth.
But the most influential factors that decide your property's value depend on the local Flowery Branch economy and residential market.
Location in a community - Most people want homes in the regions with the most convenient amenities, like our schools and work.
So when it comes to keeping their value, these communities often appreciate much more reliably than areas lacking key features.
Real estate sales trends - Are homes on the market 30, 60, or 90 days or even longer? What was the selling price compared to the listing price? A lot of data can often 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.
The appreciation history - Is the community believed to be desirable because of its location or affordability? Have house prices gone up or down over the last 5-10 years?
Local economy - Is there a good blend of work in an area, or does it rely upon just one industry? Have businesses moved into or away from an area? Are local businesses hiring?
These items play a role.