Can Buying Now Boost Your Home Equity in 2017?

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Can Buying Now Boost Your Home Equity in 2017?If you’re considering the purchase of a new home in 2017, you may get more home equity and a new place to call your own. That’s because, according to data from Trulia – a mobile and online real estate resource – the average home’s price per square foot in Bakersfield rose over the past year.

This source also indicates an increase of roughly 3 percent in the price of median home sales in Bakersfield over the same time period. Overall, this average equates to approximately $7,000. It can also equal some additional home equity for you – especially if you plan to purchase soon. That’s because Zillow – a leading real estate and rental marketplace – predicts that between November 30, 2016, and the following 12 months, residential property prices are anticipated to go up in the Bakersfield area by roughly 3.3 percent.

In addition, as Zillow points out, although the median list price for homes in Bakersfield stood at just under $240,000 this past November, there are plenty of local areas, including Sagepointe, Kern City, Riviera – Westchester, Southgate, and Casa Loma, where homes can be picked up for less.

Not sure where to go from here? We can help. Working with a professional real estate team can get you much closer to exactly what it is that you’re looking for – whether you’re just starting out, planning to grow, or downsizing to better fit your needs – without having to dedicate a myriad of time in the process.

We offer an extremely user-friendly search format that allows you to keep track of the listings of interest to you through your personal Property Organizer. We’re an established Zillow 5-Star Premier Agent, located right in the heart of Bakersfield. So, Contact Us and we will answer all of your questions. We’ll also provide you with a no obligation home valuation, so that you know exactly where to start.

By | 2017-01-15T19:15:05+00:00 January 17th, 2017|Advice, Buying Advice|0 Comments