Understanding Greenville property appreciation

Over time, the value of a home will go up and down. Over a long enough period of time, home values , for the most part, appreciate. But, in real estate there is always a certain amount of risk.

When your home appreciates you have a larger asset to borrow against, and you'll generate a better profit when you sell. There are various reasons why property values in Greenville go up and down. So, how can you be sure what you're investing in this year will appreciate over time? It's important that you select a real estate agent in Greenville who is familiar with the factors that drive local prices.

Many think that the economy is the number one factor impacting real estate appreciation. Obviously, interest rates, unemployment, job growth, government programs and numerous other national factors have a definite influence on your home's worth. But the most significant issues that figure your house's value depend on the local Greenville economy and housing market.

Let Selective Homes Inc. help you with your first home purchase in Greenville Access to services - Convenient access to schools, work and amenities like shopping, restaurants and entertainment is important to many buyers and will greatly influence home values. So these regions often appreciate, or retain their value, best.

Real estate sales trends - How quickly are homes selling? Are sellers having to discount much? Some information can be retrieved from public records, but a good agent with access to the local MLS will often provide a more complete picture.

Appreciation history - Have home prices increased or decreased over the past 5 to 10 years? Is the neighborhood thought to be desirable because of its location or affordability?

Local economy - Is there a fair combination of jobs in an area, or does it rely on just one industry? Have companies moved into or away from an area? Are local companies hiring? These items play a role.

Identifying the factors that impact your house's financial worth is important. Click here to get an estimation of your property's value. Call me at 252-321-9784 or e-mail me if you have any questions at all. I'd love to hear from you.

Got a Question?

Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.

Your Information
Your Question
By checking the box, you agree that Selective Homes Inc. may call/text you about your inquiry, which may involve use of automated means and prerecorded/artificial voices.. Message/data rates may apply.