Monthly Archives: April 2010

Interest Rates Heading Back Up!

Rising interest rates for Birmingham and Shelby Co. homesYet another indicator that the super low interest rates Buyers have been enjoying in the Shelby Co. and Birmingham real estate market may be coming to an end:

Click here to see an article in the 4/11/10 New York Times advising that rising interest rates are inevitable.

If you’ve been considering buying a home and have been waiting for the perfect time, it looks more and more as if the perfect time is about to pass you by.

It’s all the more reason to get serious, and soon!

David

A Good Black List To Join

You may not think of being on someone’s black list as a very desirable situation, but here’s proof that it can be good. Yep, you can be on someone’s black list, and, most likely, benefit from it.

This all started earlier a little over a month ago. That’s when Colleen and I saw an excellent opportunity pop up on the MLS. A Foreclosure, consisting of a house and about five acres of property in a desirable area of Shelby county had gone up for sale. Asking price: $109,900.

We thought it was such an enticing offer that we immediately sent e-mails to a number of people we thought might be interested. Would anyone respond? We had no idea.

We got our answer. Lots of folks, it turned out, wanted to know more, and several visited the property.

The inquiries continued. In less than five days, the property had multiple offers and sold. Needless to say, being able to capitalize on a great opportunity requires quick response. Speed is definitely the issue. Or, as some say, if you snooze, you lose.

Given the response we received, we knew it was time to let technology help people know quickly when a good real estate opportunity arises.

Join The Black List!
And so, The Black List was born.

The Black List is our quick notification e-mail list you can join to get periodic updates about attractive chances to own property in the Shelby Co. and Birmingham area.

When we see what we consider an especially juicy real estate opportunity, we’ll let you know via The Black List. Needless to say, if you’re on the list, you’ll be among the first to learn about it. And that will automatically put you in a position to capitalize on the chance, if you wish to pursue it.

The properties you read about might be Foreclosures, or they might be regular sales or Short Sales. They might be large homes or small homes. They might be in the city, or maybe in the country. They might need work, or might be move-in ready. They might be our Listings, or they might be those of another Agent. The point is to let you know quickly when a good deal pops up.

You can sign up by clicking here and entering your e-mail address in the sign-up box at the top of our website’s main page.

We’ll operate this e-mail list the way we think e-mail lists should be run: We won’t share your information, and we won’t constantly blast you with e-mails. You can unsubscribe at any time, with no questions asked.

Here’s hoping The Black List will help you with being able to take advantage of some of the great opportunities we’re seeing more and more in the Shelby Co. and Birmingham areas!

David

Alabaster, Helena Home Sales Up In March

More folks want homes!

The number of properties sold in Alabaster and Helena rose sharply in March, compared to February, according to the Birmingham Multiple Listing System. In Helena, March sales were double those for February:

Helena, Alabama, home sales update

Meanwhile, home sales in the Alabaster, Maylene and Saginaw areas were up sharply during March, as well.

Alabaster, Alabama, home sales update

Why the big rise in sales?

  • Buyers are realizing that very little time remains before the end of the First Time Buyer’s Tax Credit (Contracts must be signed no later than April 30th);
  • Loan rates continue to be extremely attractive; and
  • A large inventory of homes remains available in Shelby County, with Sellers motivated to sell
  • Last but certainly not least, the return of spring has no doubt been a welcome change from the extended bitterly cold winter Alabamians had to endure. Most people found going out looking for homes—only to be blasted in the face by freezing wind—to be less than fun.

    For more reasons than one, we’re glad Spring is here!

    David