The foregoing concepts describe why people might be willing to pay more for one property than an alternative choice, or even choose not to buy property. These are the basic elements understood to influence real estate value. Perhaps the most overlooked and underestimated consideration influencing value in real estate is timing. In my opinion, timing […]
It is now common knowledge that real estate prices have risen significantly in the San Diego metropolitan area during the past year. Home prices are rising at a rate of more than 1% per month on average.[1] At this rate, an average home will double in value in less than 8 years – perhaps even […]