Monthly Archives: February 2009

Buy-Downs: Helping Buyer And Seller

So, you have to knock the price way, way down to get your home sold? Not always. While price is certainly important when it comes to getting your home sold, it’s not the only way to achieve a successful sale.

Ever heard of a buy-down? Lots of people have, but not everyone understands it. It’s not as complicated as you might think.

KC Haririan, First Federal Mortgage

KC Haririan, First Federal Mortgage

A buy-down could be the ticket to getting a home sold in a deal that’s better for the seller and the buyer.

K. C. Haririan, a Loan Officer with First Federal Mortgage in Birmingham, is here to explain how buy-downs work.

So, how is the Shelby Co. and Birmingham home market looking as we forge ahead into 2009? We’ll share our thoughts and observations–and we’ll see if Fisbo, our very spoiled five pound poodle, barks during our recording session.

Click the player just below to listen:

Fisbo,the wonder dog

Fisbo, the wonder dog

Care to download the program so you can listen to it later?

Click here to download…

We hope you enjoy the netcast!

David, Colleen and Fisbo

Current Birmingham/Shelby Co. Homes For Sale

Here’s a quick look at some current numbers for the Birmingham and Shelby County housing market as we approach mid February, courtesy of the Birmingham Multiple Listing Service…

Number of homes available:

Helena & Pelham area (Shelby Co.): 497
Helena & Pelham area (Jefferson Co.): 60
North Shelby/Hoover area (Shelby Co.): 665
Chelsea: 320
Altadena/Cahaba Heights area: 54
Liberty Park/Vestavia area: 438
Alabaster, Maylene & Saginaw area: 374
Calera, Montevallo & Wilton area: 360
Columbiana, Westover & Wilsonville area: 88

Number of homes for sale based on current selling price:

Alabaster, Maylene and Saginaw area:
$150,000-$200,000: 120
$200,000-$300,000: 89

Helena and Pelham areas (Shelby Co.):
$150,000-$200,000: 161
$200,000-$300,000: 121

Helena and Pelham areas (Jefferson Co.):
$150,000-$200,000: 3
$200,000-$300,000: 20

$150,000-$200,000: 93
$200,000-$300,000: 122

Bottom line: There are still lots of choices!