Winston-Salem home prices: Need some help understanding why they appreciate?

Real estate values are continually changing. Normally, home values appreciate in the long term. But, of course, there are no guarantees in real estate.

When your property appreciates you have more equity to borrow against, and you'll realize a greater profit when you sell. But how will you know what you're investing in today will appreciate over time? Property values in Winston-Salem move up and down for numerous reasons. The most important thing is that you choose a REALTOR^® in Winston-Salem who can identify the factors that drive local prices.

Free Home Value Assessment

The economy is believed to be the most crucial factor impacting real estate appreciation. Obviously, there are a lot of issues on a national level that change your house's value: unemployment, interest rates, the stock market, and more. But the most influential things that figure your home's value are specific to the local Winston-Salem economy and housing market.

Let Blalock Realty, Inc. help you with your first home purchase in Winston-Salem

Let Blalock Realty, Inc. help you with your first home purchase in Winston-Salem

Access to services - Proximity to work and schools also have a great influence on many home buyers' decisions. So these regions typically appreciate, or hold their value, best.

The latest home sales - How fast are houses selling? Are sellers needing to discount much? Some information can often be retrieved from public records, but a good agent with a login to the local MLS will usually provide a more complete picture.

The appreciation history - Is the community thought to be desirable because of its location or affordability? Have house prices risen or declined over the last 5 to 10 years?

Economic factors - Have businesses moved into or away from an area? Are local companies hiring? Is there a good mix of business in an area, or does it rely upon just one industry? Each of these items plays a role.


	It's worthwhile to know the factors that influence your home's value. Visit this link for an evaluation of your house's value. Have any questions? Please feel free to call me at 336.774.6555 or e-mail me.

Blalock Realty, Inc.
501 Thurston Street
Winston-Salem, N.C. 27103

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Office: 336-774-6555
Fax: 336-768-1454

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