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Jim Silva Real Estate Team

Jim Silva
Five Star Realty and Management Company Inc.
Algonquin, IL 60102

Phone: 847-791-5843
Contact Us

Jim Silva Real Estate Team

Hannah Silva
Five Star Realty and Management Company Inc.
Algonquin, IL 60102

Phone: 847-791-5843
Contact Us


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Jim Silva is one of the best real estate agents I’ve ever worked with. I’m a retired Coldwell Banker agent in Colorado and have sold hundreds of homes and worked with many agents.
We went to Illinois to prepare my sister’s home I. sleepy Hollow so it could be sold. From our first interaction with Jim to the closing, we experienced his enthusiasm, hard work and dedication. Jim was, without a doubt, head and shoulders above the crowd in terms of professionalism, dedication and ethics. Jim went beyond our expectations. He is a credit to the real estate profession.
Jim sold my sister’s home in 5 days!
I highly recommend Jim Silva for any of your real estate needs.
Diane Mikitson
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Fluctuating home prices in Algonquin, Illinois: What causes this?

Over time, the value of a piece of real estate will fluctuate up and down. Normally, house values appreciate in the long term. But, in real estate there are no "sure things".

When your property appreciates you have more equity to borrow against, and you'll generate a bigger profit when you sell. Property values in Algonquin waver for numerous reasons, so how can you be sure what you're purchasing presently won't depreciate the day after you close? The most important element to consider is that you select an agent in Algonquin who understands the factors that influence local prices.

Free Home Value Assessment

What is the number one factor affecting real estate appreciation? Many think that it's the economy. Naturally, mortgage rates, employment, job growth, government programs and a handful of other national determinants have a noticeable effect on your home's value. However, your home's value and the features that play the most significant role in its appreciation depend on the local Algonquin economy and housing market.

Let Jim Silva - (847) 791-5843 help you with your first home purchase in AlgonquinAccess to services - Proximity to work and schools also have a huge impact on almost all home buyers' decisions. So these communities often appreciate, or retain their value, best.

Recent sales - Your REALTOR® should give you facts and figures on the recent real estate sales in the regions that you're interested in. You'll want to know average time on market, selling versus listing price and more.

The appreciation history - Is the neighborhood considered desirable because of its location or affordability? Have house prices gone up or down over the last 5 to 10 years?

Economic factors - Have companies moved into or away from an area? Are local businesses hiring? Is there a good mixture of business in an area, or does it rely upon just one industry? These items play a part.

It's smart to know the factors that influence your home's price. Visit this link for an evaluation of your house's value. And if you have any questions, call me at 847-791-5843 or e-mail me .

Got a Question?

Do you have a question? We can help. Simply fill out our contact form and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.

Looking to Sell?

Jim Silva Real Estate Team | 847-791-5843 | Contact Us
1329 S. Main St - Algonquin, IL 60102
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