|
|
What causes Atlanta home prices to fluctuate?Over time, the worth of a home will fluctuate up and down. House values appreciate in the long term normally. But, of course, there is always a certain amount of risk in real estate.
When your property appreciates you have a larger asset to borrow against, and you'll see a bigger profit when you sell. There are different reasons why property values in Atlanta move up and down. So, how will you be sure what you're investing in this year will appreciate over time? Choosing a REALTOR® in Atlanta who is familiar with the factors that affect local prices is the most important thing.
What is the greatest factor impacting real estate appreciation? Many assume that it's the economy. It goes without saying that interest rates, employment, job growth, government programs and quite a few other national determinants have a definite impact your property's worth. However, your property's value and the things that play the biggest role in its appreciation depend on the local Atlanta economy and housing market.
 Access to services - People typically want homes in the areas with the most convenient places we go often or everyday, such as our schools, jobs, and shopping. So when it comes to retaining their value, these areas often appreciate better than others.
Recent sales - Your Realtor should provide you with data on the recent home sales in the areas that you're asking about. You'll want to know average time on market, selling versus listing price and more.
History of appreciation - In the past 5-10 years, have house prices increased or decreased? Does location or affordability affect how desirable the community is considered?
The local economy - Are local companies hiring? Have companies moved into or away from an area? Is there a good mix of jobs in an area, or does it rely upon just one industry? Is the mix of commercial and residential development changing? All these play a part.
 |
 |
 |
Identifying the factors that impact your home's market price is important. Click here to receive an evaluation of your home's value. Call me at 404-303-0113 or e-mail me if you have any questions at all. I'd love to hear from you. |
|
|
|
 |
|
|
|
