Trying to sell your house fast can be incredibly stressful. But if you’re in or near Birmingham, Alabama, you’re in luck: the Birmingham housing market is hotter than it has been in years. Neighborhoods like Huffman are among the best in the country and great places for families to consider settling down.
Birmingham Housing Market Forecast for 2019 — and Beyond
2019 and Beyond
The Birmingham housing market was hot in 2018 and is expected to remain hot in 2019. In January, Birmingham sales were 6% above last year and 10.7% above the five-year average for January. The Birmingham-area median sales price in January was up 3.2% to $191,000. This was also an increase of 1.9% from December.
Right now in Birmingham, demand outpaces supply and the market in Birmingham is expected to continue this steady growth for the foreseeable future.
What can you expect?
Birmingham homes generally receive two offers, sell for about 4% below list price, and go pending in around 67 days. Hot houses in Birmingham sell for around list price and go pending in around 35 days.
3 Key Factors That Help Birmingham Homes Sell Faster
If you’re looking to sell your house fast, there are a few things you can do to try to make it as appealing as possible to potential buyers.
1. Know your neighborhood.
Unlike a lot of other cities, prices in the Birmingham-Hoover Metro area are higher than prices in the city itself. Because Birmingham is car-dependent, being a little bit outside of the city is often seen as a positive, rather than a negative. The median list price per square foot in Birmingham is $55, which is below the Birmingham-Hoover Metro median of $117.
Your house’s market value is going to depend a lot on your neighborhood. Are there a lot of other homes for sale nearby? What do the other homes for sale look like? Do as much research as you can about homes that have sold (or not sold) in your neighborhood and always reach out to your real estate agent for advice.
2. Pay attention to landscaping and outdoor spaces.
Landscaping and outdoor seating areas don’t just add curb appeal, they also increase your home’s value.
You can get a great return on investment by focusing on a few easy landscaping improvements. Make sure your lawn is well-manicured. Add a little color and life with some plants and flowers. Make sure all of your walkways are well-lit and well-maintained. And make that patio or deck ready for a party!
Small touches like these make it easy for buyers to see themselves in your home. This makes them more likely to make an offer.
3. Make small improvements.
Because a lot of Birmingham homes become available through foreclosure, many of them need substantial repairs. Make your property stand out by being move-in ready with amenities galore!
There are a number of improvements that can vastly increase the curb appeal and selling potential of your home. If your siding is shabby and faded, have it replaced. Repaint walls neutral colors. Make sure the home is well-lit and replace light fixtures where needed.
These types of fixes will help your home stand out and can even increase your selling price.
Beware of “We Buy Houses for Cash” Companies and iBuyers
When you list your home or do research on selling your home online, you’re likely to be inundated with offers to buy your house for cash and fast. Unfortunately, opportunities that look too good to be true usually are.
Cash buyers and iBuyers won’t include in their ads all of the ways their offers will actually cost you money. They charge full commission, up to 10%, which is much higher than a traditional seller’s agent would charge. They offer prices far below what homes are actually worth. And they devalue markets and hurt sellers by buying houses at such low prices.
There are alternatives to working with shady investors. Local real estate agents can help you figure out your pricing sweet spot to get an offer as soon as possible.
If you need to sell your house fast, it can be tempting to sell to a cash buyer and have the process be over and done with. But working with an iBuyer costs more in fees, inflated commission, and lost value than the service is worth.
Benefits of Partnering with a Local, Birmingham Real Estate Agent
To sell your house fast, it’s always best to work with a top-rated local real estate agent.
An experienced local agent plays a vital role in the selling process. They know the ins and outs of the market. They know what similar properties in the area sell for. They know how to help you get the most for your home.
Partnering with Clever has a number of benefits. Clever Partner Agents are all top-rated in their local markets, meaning they know what they’re doing. Partner Agents are full-service, come from major brands and brokerages, and have agreed to offer Clever clients significant discounts for the same level of service and support they give to all their clients.
Fill out our online form and a Clever representative will get in touch to answer questions and connect you with a local Partner Agent for a free, no-obligation consultation.