Understanding property appreciation in Glens Falls

Over time, the worth of a house will go up and down. Over a long enough period of time, property values usually go up. But there is always a certain amount of risk in real estate.

When your property appreciates you have a larger asset to borrow against, and you’ll produce a larger profit when you sell. But how will you know what you’re buying today will appreciate over time? Property values in Glens Falls shift for different reasons. Choosing a REALTOR® in Glens Falls who recognizes the factors that affect local prices is the most important factor to consider.

What’s My Home Worth

Home Appreciation
What is the most crucial factor affecting real estate appreciation? Many believe that it’s the economy. Naturally, there are several factors on a national level that influence your home’s value: unemployment, interest rates, inflation, and more. However, your property’s value and the features that play the most significant role in its appreciation are particular to the local Glens Falls economy and housing market.

Location in a community – Proximity to schools and jobs also have a huge influence on many home buyers’ decisions. So these areas usually appreciate, or retain their value, best.

Real estate sales trends – How quickly are houses selling? Are sellers needing to discount much? A lot of data can often be obtained from public records, but a good agent with a login to the local MLS will usually provide a more complete picture.

Appreciation history – Have home prices gone up or down over the last 5-10 years? Is the neighborhood believed to be desirable because of its location or affordability?

Economic factors – Have companies moved into or away from an area? Are local businesses hiring? Is there a good blend of work in an area, or does it count on just one industry? Each of these items plays a role.
Learning the factors that influence your home’s worth is important. Fill out the form below to get an assessment of your house’s value. Enter your home address in the message area along with any other questions. We will produce a PDF formatted report on your home’s value and email it back to you. Please enter your phone number also in case your email address bounces.
Please enter all your information including home address and phone number plus other pertinent information like bedrooms, baths and sq. footage in the form below so we can run a home value analysis. This report will not include any adjustments for exterior and interior conditions as we have not visited your property. Your personal information will not be shared with anyone and we will only contact you regarding real estate and to email your report to you.  Thank you, in advance, for your information. If we have enough information, we run a PDF formatted report and email it back to you within 1 business day. Should you have any questions or do not receive your report in a timely manner, please call Brian Williams at 518-210-7897

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