These 2 Factors Affect The Value Of Your Home
Here are two factors that have a big impact on the value of your home.
Today we want to talk about two things that could have a major impact on your home’s value. You probably know about one of them, but people often forget about the other:
1. Comparable sales. Most people know about these. If your next door neighbor sells their home for a certain amount, people will think your home is probably worth about the same.
2. Interest rates. These are often overlooked by people, but they are a huge factor in your home’s value. They are essentially the price of money, so the lower they are, the more people are willing to pay. Interest rates are super low right now, but they are projected to go up next year.
If you have any questions about today’s topic, please feel free to call or email us. We are always willing to help!