Understanding Naples home prices

Real estate prices are continually changing. Property values appreciate in the long term almost always. But, of course, in real estate there are no "sure things".

When your home appreciates you have more resources to borrow against, and you make a larger profit when you sell. But how will you be sure what you're purchasing now will appreciate over time? Property values in Naples vary for a variety of reasons. The most important aspect to consider is that you go with a real estate agent in Naples who can identify the factors that affect local prices.

Many guess that the economy is the major factor affecting real estate appreciation. Clearly, interest rates, employment, job growth, government programs and a lot of other national factors have a measurable effect on your home's value. However, your house's value and the things that play the most significant role in its appreciation are specific to the local Naples economy and housing market.

Let Metro Properties help you with your first home purchase in Naples Access to services - Most people want homes in the regions with the best and most convenient features, like our jobs and schools. So when it comes to keeping their value, these communities usually appreciate the best.

Real estate sales trends - Are homes on the market 30, 60, or 90 days or even longer? What was the final sales amount versus the asking price? A lot of data can be obtained from public records, but a good agent with a login to the local MLS will usually provide a more complete picture.

The appreciation history - Is the area thought to be desirable because of its location or affordability? Have house prices increased or decreased over the last 5 to 10 years?

The local economy - Are local businesses hiring? Have businesses moved into or away from an area? Is there a good mix of business in an area, or does it rely on just one industry? Is the blend of commercial and residential development changing? All these play a role.

Knowing the factors that play into your property's worth is important. Visit this link for an evaluation of your home's value. Please call me at 800-252-6633 or e-mail me with any questions.

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