November 2013

Found 4 blog entries for November 2013.

Similar to August and September, October showed continued resilience, but at a slower pace of growth than the first half of the year. We are still burning off nearly six years of pent-up housing demand from 2006 to 2011. This has caused a rather quick jump in values and some recent signs of an uptick in listing inventory.

Both the release of that pent-up demand as well as the increase in inventories is a result of the following:

  • There was a panic element to the decline because prices fell further than they should have based on the pure economic conditions. There has been a quick jump back to compensate for that.
  • Housing affordability has been at an all time high bringing additional buyers into the housing market (thanks to a combination of lower
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Staging Your Home

Today we are going to go over how to stage your home, these tips are great for selling but also for personal comfort so grab a cup of coffee and let’s begin shall we? The first and most important rule is to remove clutter and don’t try to hide everything in the closet, it won’t fit. Over the course of our life it is truly amazing just how much stuff we collect, these items may have sentimental value to you but to a prospective buyer it’s all “clutter”. The reason you want to remove clutter is to let the prospective buyer imagine what they would put in that empty space, once an individual starts to envision what they would do it gets them comfortable with the idea of owning and more importantly to you “buying”. Even if you were not

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Should You Sell?

Today we are going to look at the reasons why a person should sell their Birmingham property, while the facts and figures may be compelling you should never make any decisions until you speak with a qualified and licensed Birmingham Realtor. A Realtor is a trained real estate professional who can provide you with an informed opinion on market conditions and what would be in your best interests.

The real estate market has gone through some profound changes in the last 12-18 months. Property values have stabilized and actually begun to climb. As property values increase it makes selling financially tempting for those who have positive equity in their home. While these property values are rising they will not reach the levels seen

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 Buy Now Or Later

This is not a fear mongering message, we have noticed that interest rates are creeping upward and show no signs of abating. As interest rates climb it will become harder to buy and sell property. When interest rates rise it drives up the cost of borrowing reducing the total amount of money a prospective borrower can access. If you are a property seller rising interest rates will reduce the total number of potential buyers.

If you are not in a position to buy now then you will need to wait but if you are sitting on the fence then you should take action now and get a mortgage approved in principle with a rate lock. These mortgage approvals do not cost anything and you are not required to purchase a home but having the rate locked

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