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What drives property values in Baldwin to move up and down?

Property prices are constantly moving up and down. Over a long enough period of time, home values normally appreciate. But, of course, there is always a certain amount of risk in real estate.

When your home appreciates you have more equity to borrow against, and you'll make a higher profit when you sell. Property values in Baldwin fluctuate for various reasons, so how can you be sure what you're buying now won't depreciate the day after you close? Choosing a REALTOR® in Baldwin who recognizes the factors that drive local prices is the most important thing to consider.

What is the biggest factor impacting real estate appreciation? Many think that it's the economy. Clearly, there are a lot of issues on a national level that influence your house's value: unemployment, mortgage rates, quarterly earnings reports, and more. However, your house's value and the features that play the biggest role in its appreciation are specific to the local Baldwin economy and housing market.

Let Sailing Home Realty, Corp. help you with your first home purchase in BaldwinAccess to services - Proximity to work and schools also have a huge impact on most home buyers' choices. So when it comes to keeping their value, these areas often appreciate better than others.

Recent home sales - You should receive facts and figures on the recent real estate sales in the districts that you'd like to live in from your REALTOR®. You'll need to know things like how long a house stays on the market and asking price versus selling price.

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

Local economy - Is there a good mixture of jobs in an area, or does it rely upon just one industry? Have companies moved into or away from an area? Are local businesses hiring? Each of these elements plays a role.

Recognizing the factors that impact your house's price is important. Get an assessment of your house's value here. And if you have any questions, call me at (516) 377-4760 or e-mail me .


Sailing Home Realty
of Long Island LLC
1025 Atlantic Ave
Baldwin, NY 11510
Phone: 516-377-4760
Email: SailingHomeRealty@gmail.com

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