Understanding Boca Raton home prices Home values are constantly moving up and down. Over a long enough period of time, house values , in most cases, appreciate. But there are no "sure things" in real estate, of course. When your house appreciates you have a larger asset to borrow against, and you get a bigger profit when you sell. But how do you know what you're purchasing right now will appreciate over time? Property values in Boca Raton go up and down for numerous reasons. Choosing a REALTOR® in Boca Raton who understands the factors that drive local prices is the most important part.   Free Home Valuation   The economy is thought to be the number one factor impacting real estate appreciation. Obviously, interest rates, employment, business growth, government programs and a lot of other national determinants have a measurable change your home's value. But the most important factors that decide your home's value are particular to the local Boca Raton economy and housing market. Location in a community - Many consumers choose to live in areas with the best and most convenient features for households to grow, like a close proximity to jobs and schools. So when it comes to holding their value, these regions often appreciate better than others. Real estate sales trends - How fast are houses selling? What was the final sales amount versus the listing price? A lot of data can often be obtained from public records, but a good agent with access to the local MLS will often be able to provide a more complete picture. The appreciation history - Is the area thought of as desirable because of its location or affordability? Have house prices risen or declined over the last 5 to 10 years? Economic factors - Have companies moved into or away from an area? Are local businesses hiring? Is there a nice combination of jobs in an area, or does it depend on just one industry? These items play a role. It's smart to know the factors that affect your property's worth. Get an assessment of your property's value here. Call me at 561-995-1448 or e-mail me if you have any questions at all. I'd love to hear from you.

MAYNARD / RICH PROPERTIES CORP. - Richard Schwartz, Principal, Licensed Real Estate Broker / Investment Services  - Rosalie Santelli, Realtor Associate - Mary Ann Russo, Realtor Associate - Phone (954) 946-4171 Fax (954) 785-9612 - 450 N. Park Road # 500 - Hollywood, FL 33021