Over time, the worth of a house will go up and down. Over a long enough period of time, property values , in most cases, appreciate. But there are no "sure things" in real estate, of course.
When your property appreciates you have more resources to borrow against, and you'll realize a better profit when you sell. Property values in Redding change for numerous reasons, so how will you know what you're buying right now won't depreciate the day after you close? It's critical that you pick a REALTOR® in Redding who can identify the factors that drive local prices.
A lot of people are convinced that the economy is the most crucial factor impacting real estate appreciation. Clearly, there are a lot of factors on a national level that adjust your home's value: unemployment, mortgage rates, consumer confidence, and more. But the most important things that determine your property's value depend on the local Redding economy and housing market.
Access to services - Most people want homes in the areas with the most convenient places we go often or everyday, like our jobs and schools. So those regions generally appreciate, or carry their value consistently, year to year.
Real estate sales trends - What's the time on market? Are sellers needing to discount much or offer concessions A lot of data can be retrieved from public records, but a good agent with a login to the local MLS will often be able to provide a more complete picture.
Appreciation history - Have home prices gone up or down over the past 5 to 10 years? Is the community thought of as desirable because of its location or affordability?
Economic factors - Have companies moved into or away from an area? Are local businesses hiring? Is there a fair mix of work in an area, or does it rely on just one industry? All these play a part.
Learning the factors that play into your property's worth is important. Please contact me for an estimation of your home's value or if you have any questions. Call me at (530) 221-6060 ext. 112 or e-mail me .
Gerry Verardo, Realtor 851 Mistletoe Lane Redding, CA 96002
Access to services - Most people want homes in the areas with the most convenient places we go often or everyday, like our jobs and schools. So those regions generally appreciate, or carry their value consistently, year to year. 
