What drives property values in Fort Myers to move up and down?

Home prices are forever in flux. Almost always, property values appreciate in the long term. But, of course, in real estate there are no "sure things".

When your property appreciates you have a greater asset to borrow against, and you'll see a higher profit when you sell. But how do you know what you're investing in today will appreciate over time? Property values in Fort Myers fluctuate for different reasons. It's important that you select a REALTOR® in Fort Myers who understands the factors that drive local prices.

A lot of people believe that the economy is the top factor impacting real estate appreciation. Naturally, interest rates, unemployment, business growth, government programs and numerous other national determinants have a definite impact on your home's worth. But the most influential things that determine your home's value are specific to the local Fort Myers economy and residential market.

Let Absolute Equity Realty Group LLC help you with your first home purchase in Fort Myers Location in a community - Many home buyers choose to live in districts with the most conducive traits for homes to thrive, like a close proximity to jobs and schools. So when it comes to retaining their value, these communities usually appreciate better than others.

Trends in home sales - How long do homes typically stay up for sale before closing? Are sellers needing to discount much or offer concessions Some information can be retrieved from public records, but a good agent with access to the local MLS will often be able to provide a more complete picture.

The appreciation history - Is the neighborhood believed to be desirable because of its location or affordability? Have property prices risen or declined over the last 5-10 years?

The local economy - Are local companies hiring? Have companies moved into or away from an area? Is there a fair mixture of jobs in an area, or does it count on just one industry? Is the mix of commercial and residential zoning changing? All these play a role.

Recognizing the factors that impact your house's worth is important. Click here to receive an evaluation of your house's value. Have any questions? Please feel free to call me at 239-454-9300 or e-mail me.

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