Is Now The Right Time For Me To (Buy or Sell)?

Posted by Steph Kaye on Tuesday, October 1st, 2013 at 10:41am.

The real estate market is making a comeback and if you are seriously thinking about buying or selling your property there are some important questions you need to ask yourself. If you are selling the property why do you want to sell it at this particular moment in time ? Are you relocating to a new part of Birmingham or perhaps to another state ? Have you thought about renting out your property instead of selling ? Is there a mortgage on the property you want to sell and if so how much do you owe ?  Most Americans have a mortgage on their property and if your mortgage is more than what the property is currently worth then you would have a difficult time selling the home.

I know this may seem like a large number of questions to answer at one time but you need to address these questions right away when selling a property or you could end up at a serious disadvantage. What you need to do is speak with a Birmingham real estate agent that has a well established reputation. The real estate agent will let you know what your property would sell for in the current market and based on that information you can decide whether now would be an ideal time to sell.

We just covered some of the things you need to consider when selling however buying a home involves many more questions. How long do you intend on living in the area ? If you are not planning on being in the area for at least two (2) years then you should consider renting since it takes at least two years to start building serious equity in your home.  How many bedrooms do you need now and will your needs change in the foreseeable future ? What is your budget ? Again these are questions that must be addressed but you are not alone in this situation, by scheduling an appointment with a real estate agent you will learn what real estate opportunities are available to you. Is now the right time for you to buy or sell ? get the right answer by speaking with a Birmingham Realtor, you will be happy you did.

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