Where Are Home Prices in Birmingham Going From Here?

Collier Swecker video blogs his thoughts on where home prices are headed in the current Birmingham Real Estate Market. Collier talks about the important effect that foreclosures and interest rates will have on the market as we head into the second half of 2011. If you have any comments or questions about the Birmingham Alabama Real Estate Market at Collier@MegaAgentRealEstate.com or visit my website at www.MegaAgents.com.

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Home Bargains All Over Birmingham Alabama Area

Collier Swecker video blogs about how there are more home bargains available now than anytime in the last decade in the Greater Birmingham Alabama area. Considering interest rates are at record lows, prices are low and inflation has not spiked (yet!), this may be the absolute best time to buy a home if Buyers are in a solid economic situation to take advantage. If you have any comments or questions about buying a bargain email Collier at Collier@MegaAgentRealEstate.com or visit my website at www.MegaAgents.com.

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Home Sellers That Provide Good Value Will Be Rewarded By Buyers

Collier Swecker video blogs about how in this Birmingham Real Estate Market it is so important that home Sellers price their home so that the listing price is in the top 15% of all similar (comparable) homes and in the top 15% in relation to their homes condition against the same comparable homes. If your home is not in the top 15% of both categories against your competition you have no chance of selling. Sellers have to provide potential buyers perceived value in this market. Additionally, Buyers need to reward Sellers who are priced correctly and are providing good value. We are seeing that when a home is priced correctly, Buyers are rewarding Sellers with sales prices closer to asking price. With just over 13,000 homes currently for sale in the Birmingham area, there are probably only 10% that are priced such that they have any chance of selling. If you have any comments or questions, email me at Collier@MegaAgentRealEstate.com or visit my website at www.MegaAgentRealEstate.com.

   

Home Sellers in Birmingham Only Received 89% of List Price in August 2010

Collier Swecker video blogs about how in August 2010 Home Sellers in Birmingham only received 89 percent of their original list price when they sold their homes, according to the Birmingham Area MLS. This statistic has been staying around 91% – 92% for most of the last year but the number fell to 89.2% in July 2010 and down to 89% in August. This statistic coupled with the statistic that Sellers are usually receiving close to 98% of Final list price emphasize the importance of pricing your home correctly from the very beginning or you will enjoy being among the 14,000 homes for sale in Birmingham for a long, long time. If you price your home to sale based on the current market you will sell and you will get a lot closer to list price. Why is it that foreclosures and short sales are selling so well in this market? It is a simple answer, they are priced to sell and it certainly is not because they are the homes that are the most attractive in the best conditions. If you have any comments or questions about the importance of pricing your home correctly from the very beginning , email me at Collier@MegaAgentRealEstate.com or visit my website at www.MegaAgentRealEstate.com.