Should homes increase in value? Why should they? No other commodity I can think of is expected to increase in value.
If you buy a modest car for $20,000, should it later be sold for $30,000?
If you buy a loaf of bread for $2.50... and you put it in your pantry for a few years.... can you then sell it for $100?
Some people sure think that way about their homes. And their values, ones that smell like rotten bread and ones that smell like fresh flowers, can either increase, decrease, or remain flat.
What drives the prices up? Is it the transaction cost of selling? Why do people think their home is worth more than when they bought it?? Is the roof any newer? Is the A/C on it's last leg?
And if the value doesn't go up, why not chalk some of that up to the enjoyment we got out of living in the home? Or the tax write-offs received?
Of course, The Brian Worrell Team does everything possible to ensure that my sellers get the highest price with the least amount of inconvenience. We don't have crystal balls, but we'll do our best to give an accurate prediction of what you can expect to get for your house! Call for a free price analysis of your home, 281-948-7042.
Chances are pretty good that your home has increased in value if you've held onto it for a period of time. Home ownership is still one of the possible best investments... And there is still time to take advantage of the tax credit - but act quickly. Call 281-948-7042 with any questions!
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