Understanding Sunrise home prices
Property values are forever in flux.
Typically, property values appreciate in the long term.
But, in real estate there are no "sure things".
When your home appreciates you have more equity to borrow against, and you'll generate a better profit when you sell.
But how will you be sure what you're purchasing right now will appreciate over time? Property values in Sunrise shift for a variety of reasons.
The most important thing to consider is that you go with a real estate agent in Sunrise who recognizes the factors that influence local prices.
The economy is believed to be the most important factor affecting real estate appreciation.
there are many factors on a national level that change your home's value: unemployment, interest rates, quarterly earnings reports, and more.
But the most important issues that decide your house's value are particular to the local Sunrise economy and housing market.
Access to services - Proximity to schools and work also have a significant influence on almost all home buyers' choices.
So those regions typically appreciate, or carry their value, best.
Recent sales - Your REALTOR® should give you figures on the recent real estate sales in the neighborhoods that you're interested in. You'll want to know average time on market, selling versus listing price and more.
Appreciation history - Have property prices gone up or down over the past 5-10 years? Is the community believed to be desirable because of its location or affordability?
The local economy - Are local companies hiring? Have businesses moved into or away from an area? Is there a good blend of job types in an area, or does it rely on just one industry? Is the blend of commercial and residential zoning changing?
All these play a role.
Identifying the factors that play into your property's worth is important.
to get an evaluation of your home's value.
Please call me at (954) 452-4662 or e-mail me
with any questions.