What Do We Expect for Real Estate in 2015?

Hey everyone, thanks for taking the time to visit us today. We are here today to talk about market conditions in Trussville, Birmingham and the surrounding areas. We are definitely trending more towards a seller's market right now. We are seeing sellers sell their homes faster and for close to list price, but that shouldn't scare away buyers. There are still plenty of great homes available for purchase. 

We are continuing to see this market get better and better. Homes are selling faster than they were last year, but some of that depends on sellers getting their homes ready and priced properly. We will continue to see this seller's market for the foreseeable future.

In the Trussville/Birmingham market, homes are sitting on the market for an average of 90 days before they are sold. Our team is averaging between 50-60 days, and hoping to bring that number even lower as the market continues to heat up. 

We put out some very lofty goals in 2014 of selling 100 homes and are happy to report that we sold 108. This year, our goals are even loftier, and with the addition of Lauren to our team, we are on track to sell over 150 homes this year. 

We won't reach our goals alone, however. If you or somebody you know is thinking about buying or selling in our area, let us know. We would be more than happy to help!

What Should You Do in a Multiple Offer Situation?

We're seeing multiple offers on homes in Trussville that are priced right and in good condition. This is great for sellers, but it can be an uphill battle for buyers. However, there are ways to win out in a multiple offer situation.

There is a common belief that the best and most appealing offer on a home is a cash offer. While some sellers are just looking for a large amount of money, others are simply looking for the most convenient offer. Sometimes a seller is more intrigued by a larger amount of earnest money, or a buyer who is willing to forgo inspections on the property. 

You need to figure out the motivation of the seller in order to write them the most appealing offer. 

On the flip side, if you're selling, having multiple offers on a home is a great problem to have. However, money shouldn't be the only thing you're looking at. Sometimes buyers can agree to pay for closing costs and inspections. Looking for a pre-approval letter is also important. One of the best things you can do in this situation is to work closely with your Realtor and make an educated decision on which offer will benefit you the most.

Hopefully you'll find this information useful as you head into the busy spring market here in Trussville. If we can do anything to help you, please don't hesitate to contact us!