What drives property values in Santa Rosa to move up and down?

Real estate prices are forever in flux. By and large, home values appreciate in the long term. But, of course, in real estate there is always a certain amount of risk.

When your property appreciates you have a greater asset to borrow against, and you'll see a higher profit when you sell. There are various reasons why property values in Santa Rosa rise and fall. So, how will you know what you're purchasing right now will appreciate over time? The most important thing is that you go with an agent in Santa Rosa who recognizes the factors that influence local prices.

Free Home Value Assessment

The economy is thought to be the most crucial factor impacting real estate appreciation. It goes without saying that interest rates, unemployment, job growth, government programs and some other national determinants have a definite impact your house's worth. However, your home's value and the components that play the biggest role in its appreciation are particular to the local Santa Rosa economy and housing market.

Location in a community - Proximity to schools and jobs also have a great influence on almost all home buyers' decisions. So when it comes to keeping their value, these areas consistently appreciate the best.

Trends in home sales - 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 a login to the local MLS will often provide a more complete picture.

History of appreciation - In the last 5-10 years, have home prices gone up or down? Does location or affordability affect how desirable the neighborhood is thought to be?

Economic factors - Have companies moved into or away from an area? Are local companies hiring? Is there a nice mixture of business in an area, or does it rely on just one industry? All these play a role.

	It's wise to be informed about the factors that affect your house's value. Visit this link for an assessment of your house's value. Please call me at 707-573-9973 or e-mail me with any questions.