What causes Fort Lauderdale home prices to fluctuate? Home values are constantly moving up and down. Over a long enough period of time, house values , by and large, go up. But, of course, there is always a certain amount of risk in real estate. When your property appreciates you have a more valuable asset to borrow against, and you'll generate a higher profit when you sell. There are various reasons why property values in Fort Lauderdale rise and fall. So, how can you be sure what you're buying now will appreciate over time? The most important thing to consider is that you go with a REALTOR® in Fort Lauderdale who recognizes the factors that influence local prices.   Find My Home's Value   What is the top factor affecting real estate appreciation? Many assume that it's the economy. Clearly, interest rates, employment, job growth, government programs and many other national determinants have a definite alter your home's worth. However, your house's value and the features that play the biggest role in its appreciation are particular to the local Fort Lauderdale economy and housing market. Access to services - People typically want homes in the regions with the most useful places we go often or everyday, such as our schools and jobs. So those communities often appreciate, or retain their value, best. The latest home sales - You should receive facts and figures on the recent real estate sales in the regions that you'd like to live in from your real estate agent. You'll want to analyze things like how long a house stays on the market and seller discounts. History of appreciation - In the last 5-10 years, have house prices increased or decreased? Does location or affordability affect how desirable the community is believed to be? Local economy - Is there a fair combination of work in an area, or does it rely on just one industry? Have businesses moved into or away from an area? Are local businesses hiring? All these play a part. Knowing the factors that impact your house's market price is important. Click here to receive an estimation of your house's value. Call me at 954-396-5917 or e-mail me if you have any questions at all. I'd love to hear from you.

Jim O'Connell ABR  CIPS CRP  CRS  GRI  E-Pro  RSPS TRC

Maureen O'Connell ABR CIPS CRP CRS RSPS TRC 

Accredited Buyer Representatives (ABR) 

Certified Relocation Professionals (CRP)      

Certified Residential Specialists (CRS)    

Graduate Realtors Institute (Jim) (GRI) 

Certified International Property Specialists (CIPS)

EPro Certified (Jim) (E-Pro) 

esort & Second-Home Property Specialists (RSPS) 

Transnational Referral Certification ( TRC ) 

Master Brokers Forum (MBF)    

Overseas Members - IAVI - IRELAND ( Irish Auctioneers & Valuers Institute )

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