Inflation is a hot topic right now, as everyone is concerned about rising rates of inflation, which hit a 40-year high in March. While conversations about inflation often sound complex, basic principles are simple. Increased inflation means less purchasing power for consumers, as the same amount of income will cover fewer goods and services.
When homeowners in community situations want to sell via a realtor or directly to a cash buyer, the HOA terms and conditions have to emerge for a smooth selling outcome.
Estimating your property’s fair market value depends on a professional appraisal and a professional home inspection. So, wrap your mind around these vital activities sooner rather than later. It doesn’t matter whether you’re marketing your home through a realtor or selling to a cash buyer; they come into play.
Interest rates have been at historically low levels for the last couple of years as the Federal Reserve has attempted to keep the economy strong amidst the pandemic. Low interest rates correlate to low mortgage rates and can help to make homeownership more affordable and attractive. As a result, over the last two years, Birmingham has seen rising home prices and competitive real estate markets. However, as interest rates begin to rise, this is a trend that will likely change as borrowing and homeownership become more expensive.
Owning your own home, putting down roots, raising one’s family in a stable community are visions ingrained in the American dream. If all that comes true, it’s easy to grow attached to a house built on memories of birthday parties, graduations, anniversaries, and multiple Christmases.
Sell Your House Within 7 Days!!!
So what do you have to lose?
Give us a call at 205-687-0604 or fill out the form to get started.