Real estate values are constantly moving up and down.
For the most part, home values appreciate in the long term.
But, of course, in real estate there are no "sure things".
When your home appreciates you have a bigger asset to borrow against, and you'll see a greater profit when you sell.
Property values in Rolling Hills Estates rise and fall for numerous reasons, so how can you be sure what you're investing in presently won't depreciate the day after you close?
The most important thing is that you pick an agent in Rolling Hills Estates who is familiar with the factors that influence local prices.
What is the greatest factor affecting real estate appreciation? Many assume that it's the economy.
there are a lot of factors on a national level that impact your house's value: unemployment, mortgage rates, consumer confidence, and more.
However, your house's value and the factors that play the biggest role in its appreciation are specific to the local Rolling Hills Estates economy and housing market.
Location in a community - Proximity to schools, jobs, and amenities also have a major impact on many home buyers' decisions.
So when it comes to holding their value, these communities consistently appreciate much more reliably than areas lacking key features.
Recent sales - Your real estate agent should give you figures on the recent real estate sales in the areas that you're interested in. You'll want to know average time on market, selling versus listing price and more.
Appreciation history - Have property prices risen or declined over the past 5 to 10 years? Is the community considered desirable because of its location or affordability?
Economic factors - Have businesses moved into or away from an area? Are local businesses hiring? Is there a fair mix of jobs in an area, or does it rely on just one industry?
All these play a part.