YOUR PROPERTY VALUE IS BASED IN PART ON THE VELOCITY OF GOOD AND BAD NEWS NEAR YOUR INVESTMENT
What makes a property appreciate?
Velocity is the key to property appreciation. It is the ability to measure several factors that will assist you as an investor, a buyer relocating to another part of the country, or just someone moving locally. And if you are holding a property this concept will provide insight if your “property quadrant” is appreciating, neutral annual return, or is depreciating and dropping in value.
The Easy Answer
The video examples essentially measure “supply and demand” and how it affects buyer behavior. It is “buyer behavior” that is what actually pushes values higher or sees values retreating.
Other factors that we don’t go into on this video that have an affect on whether or not properties appreciate or depreciate are;
* The amount of expired (failed) listings in your price range and quadrant
* The number of price reductions going on right now
* The days on market in your quadrant
* The age of the inventory compare to others available to the buyer market
* The builder confidence index
* Many more
* Interest rates
* Employment statistics
* Many more
The traditional “market analysis” performed by many agents falls far short of determining property value as velocity is often not measured. Velocity is key to pricing property.
There are many factors that affect your asset. We help people move money. We do this for investors, relocation clients, first time buyers, 2nd home buyers and sellers of every kind.