Understanding Orlando property appreciation

Property values are forever in flux. In most cases, home values appreciate in the long term. But, of course, in real estate there are no "sure things".

When your home appreciates you have more equity to borrow against, and you'll create a larger profit when you sell. Property values in Orlando rise and fall for numerous reasons, so how can you be sure what you're investing in now won't depreciate the day after you close? It's critical that you choose a real estate agent in Orlando who can identify the factors that influence local prices.

Many are convinced that the economy is the number one factor affecting real estate appreciation. After all, there are a lot of factors on a national level that affect your property's value: unemployment, interest rates, quarterly earnings reports, and more. But the most significant issues that decide your property's value are specific to the local Orlando economy and residential market.

Let RE/MAX Town Centre help you with your first home purchase in Orlando Location in a community - Proximity to schools, jobs, and amenities also have a significant impact on most home buyers' choices. So those regions often appreciate, or retain their value consistently, year to year.

Real estate sales trends - What's the time on market? Are sellers having to discount much? 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.

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

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

Knowing the factors that affect your home's worth is important. Click here to receive an evaluation of your house's value. Please call me at (407) 996-3200 or e-mail me with any questions.

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