Over time, the worth of a home will fluctuate up and down.
Over a long enough period of time, property values , by and large, appreciate.
But, in real estate there are no "sure things".
When your property appreciates you have more equity to borrow against, and you get a higher profit when you sell.
But how will you know what you're buying right now will appreciate over time? Property values in Vista rise and fall for different reasons.
Choosing an agent in Vista who recognizes the factors that influence local prices is the most important thing.
A lot of people are convinced that the economy is the major factor affecting real estate appreciation.
After all,
interest rates, employment, business growth, government programs and some other national determinants have a noticeable influence on your home's value.
However, your home's value and the components that play the most significant role in its appreciation are particular to the local Vista economy and housing market.
Location in a community - Proximity to work and schools also have a great influence on all home buyers' choices.
So those regions usually appreciate, or carry their value consistently, year to year.
Prior home sales - How fast are homes selling? What was the selling price compared to the listing price? Some information can often be retrieved from public records, but a good agent with access to the local MLS will usually be able to provide a more complete picture.
History of appreciation - In the past 5-10 years, have home prices increased or decreased? Does location or affordability affect how desirable the neighborhood is believed to be?
The local economy - Are local companies hiring? Have businesses moved into or away from an area? Is there a nice mix of business in an area, or does it rely upon just one industry? Is the mix of commercial and residential development changing?
All these play a role.