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.
Even in a strong market, there are some repairs that homeowners will need to make. The key is figuring out which ones you should do and finding a way to get them done. Here are some tips to guide you through this process and to ensure that you sell your Birmingham home as quickly and easily as possible.
When it comes to selling a single-family home to a home cash buyer versus traditionally through a recognized licensed realtor, very few visualize it applying to the luxury house category. Frequently active property types transacting for a fast cash exit involve flood or fire damage, which the house owner can’t afford to repair. Alternatively, they don’t have the cash flow necessary to create curb appeal, implement minor renovations, declutter, or stage their homes – crucial realtor requirements when listing on the MLS.
The Birmingham real estate market is strong right now. That, combined with the substantial commission that real estate agents charge, has left many Birmingham homeowners wondering whether they need to hire an agent to sell their house. To help answer that question, here’s an overview of what agents do and some tips to help you decide about how to sell your home.
There’s lots of work that goes into getting a Birmingham home reading to list for sale. If you’re listing your home but not able to do everything recommended, here are 4 things that you can do without hiring a professional and that you should always do before selling your Alabama home.
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