Found 3 blog entries tagged as seller's market.

3200 Sawyer Trail. Under contract for significantly more than list price!

Homes for sale in Ross Bridge are clearly in high demand- especially for the reasonably priced listings in the Sawyer Trail neighborhood. This charming modern farmhouse style home with 3 bedrooms and 2 baths hit the market this past Saturday with 15 showings! By Saturday night our sellers had received several very attractive offers. After consulting with Hayden about the offers, the sellers made their choice. Their house was under contract in less than a day! Several factors contributed to the successful marketing of Chris and Christin's beautiful home. First, Sawyer Trail is a fun, walkable neighborhood featuring a clubhouse and pool. Second, their one-level home has wonderful…

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3740 Crossings Crest received multiple offers and sold for $20,000 over asking price!
Maybe you've heard someone bragging that they sold their home "without ever putting it on the market." Some agents like to talk about their "off-market" listings. At first, that might sound impressive. The truth- it's almost always one of the worst mistakes a seller can make. Sellers are enjoying one of the strongest real estate markets in modern times. Inventory is at historic lows and demand is very high. That's why desperate buyers are putting letters in prospective sellers' mailboxes. They're hoping for the chance to buy a house before it hits the market and avoid competing with other buyers. Crafty strategy for buyers- not so good for sellers. If you're…

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The following is from an article that appeared in Over the Mountain Journal on March 11, 2021

In what ways has the pandemic affected the OTM real estate market?

The biggest impact from the pandemic is that it exacerbated the problem with low inventory. More sellers have been hesitant to list. So, prices in Mountain Brook, Homewood and Vestavia have increased at a faster pace than they would have otherwise. Those markets are so competitive that listings price appropriately and in good shape are getting multiple offers. Often, winning bids are significantly above asking price and some buyers are even waiving their contingencies on financing and inspections.

Over the past 12 months, have you seen any changes in what buyers are looking for?

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