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How Much Is Your Home Worth?
If you are thinking of selling your home, you'll need to know exactly what it is worth before putting it on the market. As a Brunswick County area real estate professional, I analyze home values and determine market prices every day. By comparing your home to recent sales and other, similar homes on the market I can quickly tell you what your home is worth. This analysis is known as "Comparative Market Analysis", or CMA. Just fill out the form to give me the information I need and I'll be glad to perform a CMA for your home and provide you the results for free.
Home prices: Need some help understanding why they appreciate?
Over time, the value of a house will fluctuate up and down. Normally, home values appreciate in the long term. But there is always a certain amount of risk in real estate.
When your home appreciates you have a greater asset to borrow against, and you'll create a larger profit when you sell. But how can you be sure what you're purchasing presently will appreciate over time? Property values vary for various reasons. It's imperative that you go with a REALTOR® in our area who knows the factors that affect local prices.
What is the top factor impacting real estate appreciation? Many assume that it's the economy. It goes without saying that there are a handful of factors on a national level that impact your home's value: unemployment, mortgage rates, quarterly earnings reports, and more. However, your house's value and the factors that play the most significant role in its appreciation are specific to the local economy and housing market.
 Access to services - Being close to schools, employment and amenities like shopping, restaurants and entertainment is a priority to many us and will greatly influence home values. So those areas typically appreciate, or keep their value consistently, year to year.
Recent sales - I will give you information on the recent real estate sales in the districts that you're interested in. You'll want to know average time on market, selling versus listing price and more.
The appreciation history - Is the area considered desirable because of its location or affordability? Have property prices increased or decreased over the last 5 to 10 years?
Local economy - Is there a nice mixture of business 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 part.
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It's important to know the factors that play into your home's financial worth. Visit this link for an assessment of your home's value. Please call me at 910-250-6073 or e-mail me with any questions. |
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