Fluctuating home prices in Clayton, North Carolina: What causes this?

Property prices are constantly moving up and down. In most cases, property values appreciate in the long term. But, of course, there are no "sure things" in real estate.

When your property appreciates you have a bigger asset to borrow against, and you'll generate a higher profit when you sell. Property values in Clayton vary for different reasons, so how will you know what you're purchasing today won't depreciate the day after you close? It's critical that you select a REALTOR® in Clayton who is familiar with the factors that affect local prices.

The economy is assumed to be the most important factor affecting real estate appreciation. It goes without saying that there are a lot of issues on a national level that influence your property's value: unemployment, mortgage rates, the stock market, and more. However, your home's value and the aspects that play the biggest role in its appreciation depend on the local Clayton economy and housing market.

Let O'Brien & Associates Realty, Inc help you with your first home purchase in Clayton Location in a community - Proximity to schools, jobs, and amenities also have a significant influence on many home buyers' decisions. So these communities generally appreciate, or keep their value consistently, year to year.

Recent sales - Your real estate agent should provide you with reports on the recent home sales in the areas 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 home prices risen or declined over the last 5-10 years?

The local economy - Are local businesses hiring? Have companies moved into or away from an area? Is there a fair combination of job types in an area, or does it count on just one industry? Is the mix of commercial and residential zoning changing? Each of these elements plays a role.

It's vital to be informed about the factors that play into your house's financial worth. Get an assessment of your home's value here. Have any questions? Please feel free to call me at or e-mail me.

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O'Brien & Associates Realty, Inc

194 Sposato Lane
Clayton, NC 27527