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Why rising mortgage rates has created a stalemate in the tug-of-war between buyers and sellers in the residential real estate markets

Why rising mortgage rates has created a stalemate in the tug-of-war between buyers and sellers in the residential real estate markets

Real estate pundits would have us believe that every home sold in America involves a lending bank or mortgage company. They run around ringing the alarm bells as if the world’s end is upon us as mortgage rates hit 7% for the most popular 30-year mortgage arrangement.

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Mortgage funding (leverage) is a double-edged sword every homeowner should know about

Mortgage funding (leverage) is a double-edged sword every homeowner should know about

Why all this preamble on asset loan funding (leverage) for real estate? Because it’s critical for anyone buying a home to understand that every leveraged reward has a commensurate risk, which can change like the wind. If you want to know how and why read on.

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Appraisals and home inspections can kill your home sale. Know how to deal with them

Appraisals and home inspections can kill your home sale. Know how to deal with them

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.

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What Rising Interest Rates Mean for Sellers

What Rising Interest Rates Mean for Sellers

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.

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Selling a Birmingham Home That Needs Repairs

Selling a Birmingham Home That Needs Repairs

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.

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Can luxury homeowners benefit from home cash buyer services?

Can luxury homeowners benefit from home cash buyer services?

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.

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Do I Need a Real Estate Agent to Sell My Birmingham Home?

Do I Need a Real Estate Agent to Sell My Birmingham Home?

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.

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