What causes Lompoc home prices to fluctuate? Real estate values are continually changing. Over a long enough period of time, property values typically appreciate. But, of course, there are no guarantees in real estate. When your home appreciates you have a bigger asset to borrow against, and you'll generate a better profit when you sell. There are numerous reasons why property values in Lompoc fluctuate. So, how can you be sure what you're investing in right now will appreciate over time? It's imperative that you go with an agent in Lompoc who is familiar with the factors that drive local prices.   Find My Home's Value   Many think that the economy is the most critical factor affecting real estate appreciation. Naturally, there are some issues on a national level that adjust your home's value: unemployment, interest rates, inflation, and more. However, your home's value and the things that play the biggest role in its appreciation are particular to the local Lompoc economy and housing market. Location in a community - Many of us prefer to live in districts with the most accommodating features for families to develop, like a close proximity to schools, jobs, and work. So those areas generally appreciate, or carry their value consistently, year to year. Trends in home sales - Are homes on the market 30, 60, or 90 days or even longer? Are sellers having to discount much or offer concessions Some information can be obtained 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 home prices risen or declined over the last 5-10 years? Local economy - Is there a fair combination of work in an area, or does it count on just one industry? Have companies moved into or away from an area? Are local businesses hiring? Each of these elements plays a role. Identifying the factors that influence your home's value is important. Visit this link for an evaluation of your property's value. And if you have any questions, call me at (805)733-0444 or e-mail me . Today's Rates: Mtg Loan     Rate   APR 30-yr Fixed 3.87% 4% 15-yr Fixed 3.14% 3.31% 1-yr Adj 2.76% 3.42% * national averages Mortgage Calculator: Sales Price: $ Down: % Interest Rate: % Term: yrs Monthly payment: $ Got a Question? Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.   Your Information *Name: *Email: Phone: Your Question Question: Note: Fields with an * are required * MOL = More or Less

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Data maintained by  Lompoc Board of Realtors may not reflect all real estate activity in the market. Information contained herein has been provided by sellers or other sources and has not been verified by the broker or his agents. Interested persons should independently verify the accuracy of all information.

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