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Home Buyers: Appreciation Rates Can Have More Impact on Your Investment Than Price
Historic appreciation can be a fantastic tool to predict future value. If you have a buyer who is concerned about paying a few dollars more for a home in an area with strong historical appreciation, showing them potential future value can be a great tool. This article explains how this works. It is important for you the agent to note that past performance is not a guarantee of future performance and the cost of the mortgage should also be taken into account. Work with your lender to gain confidence in the numbers.