Home values are forever in flux.
Property values appreciate in the long term for the most part.
But, in real estate there is always a certain amount of risk.
When your property appreciates you have a larger asset to borrow against, and you'll produce a greater profit when you sell.
But how do you know what you're buying today will appreciate over time? Property values in Clermont move up and down for many different reasons.
The most important part is that you select a REALTOR® in Clermont who understands the factors that drive local prices.
A lot of people guess that the economy is the most critical factor affecting real estate appreciation.
It goes without saying that
there are a handful of factors on a national level that adjust your property's value: unemployment, mortgage rates, the stock market, and more.
But the most influential issues that figure your property's value are specific to the local Clermont economy and residential market.
Access to services - Convenient access to schools, work and amenities like shopping, restaurants and entertainment is important to a lot of us and will greatly influence home values.
So those communities consistently appreciate, or retain their value, best.
Recent home sales - You should receive stats on the recent real estate sales in the districts that you're asking about from your REALTOR®. You'll need to know data like time on market and seller discounts.
Appreciation history - Have home prices gone up or down over the past 5 to 10 years? Is the community believed to be desirable because of its location or affordability?
Economic factors - Have businesses moved into or away from an area? Are local companies hiring? Is there a nice mixture of job types in an area, or does it count on just one industry?
Each of these factors plays a role.
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