The selling price of similar homes in the area is one of the elements that appraisers take into consideration when determining what a particular house is worth. If other homes that are similar in size and features begin selling at a higher price, this can impact the appraised value of future sales. If inventory remains low, home prices will begin to rise. With interest rates remaining at historic lows, now is still an excellent time to buy a new home. New market conditions have also made this an excellent time to sell your current home.
For more information, visit www.huntrealestate.com.
Continue Reading 1 2
Copyright© 2015 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission from RISMedia.
Content on this website is copyrighted and may not be redistributed without express written permission from RISMedia. Access to RISMedia archives and thousands of articles like this, as well as consumer real estate videos, are available through RISMedia's REsource Licensed Content Solutions. Offering the industry’s most comprehensive and affordable content packages. Click here to learn more! http://resource.rismedia.com