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Jonesboro Real Estate Video Blog with Eric BurchLearn all the tips tricks about the Jonesboro Real Estate Market from Burch & Co. Real Estate Author: Eric Burch
If you are looking to buy or sell a home, get all the information and the latest updates, tips, and tricks from Burch and Co. Real Estate - your professional Jonesboro Real Estate Agents. Language: en-us Genres: Education Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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My Advice for Homebuyers in Today’s Market
Thursday, 3 February, 2022
Here’s a great example of why you should buy a home sooner than later. Buying a Jonesboro home? Get a Full Home Search Selling your Jonesboro home? Get a Free Home Price Evaluation Does it make sense to buy in today’s market? I’ve been hearing this question a lot lately, and I wanted to offer insight into why my answer is a resounding, “Yes!”I recently saw a colleague of mine post about a house they sold in 2012 for $360,000; it’s a gorgeous home. The exact same house, with just a few updates, just sold for $692,000. That’s $330,000 worth of appreciation in just about 10 years. Now, the home didn’t increase in value by $30,000 every year. In the last few years, home prices have grown exponentially. Most of that value came within the last 12 to 18 months. The house might have gone from $450,000 to $692,000 during that time. I didn’t see this coming, and I don’t think anyone in their right mind would have thought the real estate market would be rebounding like this amidst a global pandemic."In the last few years, home prices have grown exponentially." So does it make sense to buy in this market? Absolutely; real estate is a fantastic long-term investment. I guarantee that $692,000 home is going to sell for over a million dollars one day. The question is, do you want to be involved in a great investment like that?If you have any real estate-related questions for me, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.
