Don’t Buy Into Market Misinformation

The information you hear on social media and the news concerning the market might have you feeling scared of the market, but it could be the product of misinformation.

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Right now is a great time to buy and sell in this real estate market, but there are a few myths circulating that would have you think otherwise. Today, I want to address some misinformation you might have heard and you might now believe. I don’t necessarily mean that it’s bad information, but rather information that is communicated in unclear ways that might prevent those who hear it from being well informed about the market.

Despite the hype surrounding rising interest rates, interest rates are still at all-time lows. Rates are 2.5 points below the market average, based on my tracking the figures over the past 20 to 30 years. You can still take advantage of interest rates—there are mortgage rate deals as well as agent-generated deals, where a good agent can negotiate deals for you.

Another type of deal is the market-generated deal, which is what most people sit around waiting for; there’s a fear of entering the marketplace because people believe that the market can only create so many deals.

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Despite the hype surrounding rising interest rates, interest rates are still at all-time lows.

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If you’re planning to buy or sell a home anytime within the next five years, you should jump in right now. The below market interest rates, the potential to maximize the amount of equity you can pull out of your home, and if you have the right agent, they will help create a generated deal and find a property that you can buy which lines up with your goals.

Many people believe that we’re near the crest of a rising market and will soon be headed back down. None of us has a crystal ball to know exactly where we are in terms of the market crest or trough, but most believe we’re somewhere in upper end.

If you’re thinking of selling your home in the near future, feel free to reach out to us for a free, no-obligation consultation. We’d love to dive into the market and talk about how it could benefit you.

How to Get Top Dollar in Today’s Seller’s Market

If you want top dollar in today’s seller’s market, price your home according to market conditions.

Selling your Birmingham home? Get a free home value report

Buying a Birmingham home? Search all homes for sale

Today I’m excited to share with you some advice about how sellers can price their homes properly in a seller’s market.

One of the things we’re seeing in the marketplace today is that it is absolutely a seller’s market. 

However, I want to illustrate why I believe that it’s a seller’s market that is kind of being held up on stilts. What I mean by that is that we’re not in a market where you can just throw any price on a house and expect it to sell. 

We’re in a market where you’ve got to price your house according to the market conditions. By doing this, you’re increasing the demand for the house. Buyers will want your house because the market is currently low on inventory of houses that are priced correctly, in good condition, and move-in ready. Meeting these criteria will increase the net money in your pocket.

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We’re in a market where you’ve got to price your house according to the market conditions.

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Something we’ve observed in the marketplace is a number of homes that are being priced a little too aggressively. Both Realtors and sellers are thinking the market is a little stronger than it truly is.

What we want for all of our clients is for you to be able to get top dollar for your house in as little time as possible, and for you to put as much money in your pocket as you can. To do that, you need to work with a real estate professional who will sit down, analyze the numbers with you, come to an agreement on what price the market is positioning your home for, and list your home accordingly.

If you have any questions, just reach out to us and let us know what we can do to help you with your situation. If you have a topic that you’d like us to cover, send it to us, and we would love to address it for you.