Hi Roger and Lisa,
I would be happy to set up a time to meet with you or speak about pricing trends and price per sq ft in Birmingham. I work prominently in that area and prices are on the rise.
Email me at Jeffgushman@gmail.com and we can get started.
Talk to you soon,
Modify Appraisal Validity Period
FHA's appraisal validity period will be reduced to four months for all properties including existing, proposed and new construction. Previous validity periods were six months for existing properties and up to twelve months for proposed and under construction properties. This provides for more accurate home values used for underwriting FHA-insured mortgages during volatile housing market conditions.
I also saw something indicating that FHA is considering reducing this to 120 days.... more
I am dealing w/ Citi now and feel confident they will be requesting all of your income tax info ('07, '08, & '09 if available), recent bank account activity and income levels in order for you to proceed w/ a short-sale. They are extremely thourough in their research and do not make the process easy. You can feel free to call me to discuss your options further.
Jay M. Jones, Realtor
Max Broock, Birmingham
I would reccomend taking the time to interview a few other agents. See if any friends or family members have had good experiences with some one and interview them yourself. This is one of the biggest transaction you will have and you want to put into the hands of someone who you trust. Marketing a home is more than putting it on the MLS and putting a sign in the front yard (although they help). I have seen homes in bidding wars that the sign hadn't even been put out yet. Why? Because the agent is proactive with getting it sold. They didn't sit by and wait for the phone to ring, they went after the buyers. In this market that's what you need.... more
Good for you!
My office on Maple is basically at the center of your search radius. With your half mile restriction, you will be East of Woodward and the only home I see that meets all of your criteria appears to be more aluminum siding than brick. That house is listed for 225k.
If it could be something other than brick, then you would have 4 more options ranging in price between 160k and 299k.
Expand slightly beyond .5 miles and your options will open considerable.
Actually, this week I sold a house that would have fit your criteria exactly. It was bank owned and had 14 offers on it. My buyer bid cash and considerably over asking to get it and they got an amazing bargain. Those kinds of deals don't come along rarely, but you have to be ready to act quickly and decisively when they do.
If I can be of further help, I would be happy to do so. My family has lived in Birmingham since the 1960's and I do most of my business in this city. Please feel free to contact us.
SKBK Sotheby's International
I recommend looking beyond your selling expenses especially given the yield on both options 1 and 2 are the same. In my opinion, the bottom line depends on the property being offered at the right price based on a thorough comparative market analysis rather than math related to selling expenses. Today, the real estate landscape is different not only because it is a nearly national buyer's market, but also due to the fact that the majority of future buyers are searching online. In addition to price, seriously review both of the written marketing plans and the exposure given your property.. Remember, it is not about listing, it is all about putting a sold sign in front of your property. I encourage you to ask questions about days on market of similar properties, focus on price reseached from a six month comparative market analysis, review marketing plans and strategy for print and online exposure, determine if staging, virtual tours, professional photography are part of the marketing plan and certainly ask questions. In this market, sellers need to make informed choices. I hope you can expand your decision beyond the costs of selling your home. Good luck, Emily Medvec... more
Realtors can sponsor progressive broker opens, where more than one house in a neighborhood is open to other realtors and portion of a meal is provided at each home (first home-salad, second, sandwiches, third-dessert & coffee). They can also join together to share the cost of advertising promotions and mailings. Often the more you buy, the cheaper the cost. My personal favorite is an office caravan, where on a particular day each week, all the Realtors in our office preview the new listings of agents in our office. We've also hosted agents from other offices who have properties listed in our area. This is a great way to expose your listings to local agents and receive immediate feedback.... more
A reverse offer is an offer from the seller to the buyer. The seller proposes the terms he will accept after the buyer has expressed some interest. This can help a seller keep a buyer interested before they move on to another property, or if they are choosing between homes. We have used it effectively to help our clients achieve a sale. More on that in the article below.... more
Know why they are moving. Sometimes it's simple, sometimes it's not. No move is without challenges, so knowing why you are moving, and what you hope to gain or accomplish by the move is critical to maintaining the right perspective. Also, when does the move need to take place? Like any other business, in real estate transactions time is money, and sometimes a lot of money, so know your time framework. Also, know the costs involved on both sides (selling the old home, buying the new). There is a proverb about estimating the cost before your build. Wouldn't it be terrible to more and find out you cannot afford to buy a home?
Laslty what are the alternatives if your home doesn't sell? What are the drawbacks if it sells for less than you wanted? Proper counseling by a good agent can making a move a positive experience. Failing to sit down and invest time in answering these questions will make moving unpleasant and stressful Sometimes the best move is to stay and remodel...... more
That's an interesting question. Google picks up alot. I read about a fellow that was declined for a job because of his Myspace.com site.
So far as agents go, my expectation would be if you have an active agent they should leave a trail, even indirectly. For example, I find things about me that come from sources that I don't "feed", like Trulia, for instance. If your agent has no presence, that would be strange (just in my opinion). That would not "knock them out of the competition", however I might do a little more probing as to their background, are they full time, etc. You can also look them up on the agency's website for the state group that licenses agents in your state. I am on the association grievance commitee that hear complaints from the public and fellow agents. If there are disciplinary actions they would show up.... more
Well, there are lots of pitfalls for a potential seller. Overpricing and under-marketing are usually the big two. Not having a home in tip top shape is a deal breaker right now. Neutralizing is important.... more
An online presence is of utmost importance. Where are the buyers today? They are on the internet. They are not reading the Sunday classifieds looking for a home because that is inefficient and none to satisfying. With the internet, a buyer can hone in on exactly what they are looking for, take a look at the pictures and virtual tour and check out the neighborhood schools. So you need an agent with a strong on-line presence so that your home is best presented where the buyers are--the web.
Below is a link to an article about how to select an agent who will be effective for you in today's market.... more
There are quite a few things that you should avoid. Pricing is very important. It should be set for current market conditions. Your Realtor can give you the best gauge of that as prices fluctuate all the time. Your home should be in the best condition possible, and the price should be reflective of that condition. The most important piece is the marketing. Your home needs broad exposure. You need a Realtor with an aggressive marketing plan. I have attached a list of the things you should really avoid doing if you want to sell your Birmingham home.... more
Actually, Habitat for Humanity came and took many things out of our home before it was torn down. They sell the items they recover in their ReStore. Habitat was able to take windows, cabinets, the hot water heater and many other things. There is an article about it below.... more