When you’re going to buy or sell a home, one of the things you’ll want to know is how your area is appraised. The home prices in your area play a major role in determining how much you will sell a home for or how much you’ll need to spend to move in.
One thing you can do to know how much a home is worth is start looking into the local economy. Ideally, you’ll live in a city with a high salary and low cost of living.
According to The Ascent, the Kennewick-Richland-Pasco area has been named in the top 10 cities for high incomes and low living costs. The area has actually seen speedy growth in home values as a result. Based in data from Zillow, home prices were up around 11% between 2018 and 2019. In 2020, those home values could see another rise of 9% or more. The prices are above the national average, but they’re below the prices in other areas of Washington, making the Tri-Cities area one to look at for buying or selling.
If you’re buying or selling, it’s time to work with someone who can help
When there are contracts involved, you need to work with the right team as you sell or buy a home. For instance, you may have a home in mind that you’d like to buy but could be worried about problems that are hidden away. With a good inspection, review of the contract and support throughout the purchasing process, you have a better chance of getting a good home at a fair price.