Pricing

How is the price set?

It's critical to price your home right in relationship to the current real estate market and to the conditions prevailing in the marketplace. Since the real estate market is continually changing, and market fluctuations have an effect on property values, it is imperative to select your list price based on the most recent comparable sales in your neighborhood. A Comparative Market Analysis (CMA) provides the background data on which to base your list price decision. Consult a REALTOR® to prepare a CMA for you and help you sell your home.

Disclosure

What is a seller obligated to disclose?

In Alabama, sellers are obligated by law to disclose material facts which impact health and safety. Contact a REALTOR for more information.

When to Sell

When is the best time to sell?

In addition to supply and demand, and other economic factors, the time of year you choose to sell can make a difference both in the amount of time it takes you to sell your home and in the ultimate selling price. Generally, the real estate market picks up as early as February, with the strongest selling season usually lasting through the summer. Sales activity tends to slow down in November as buyers and sellers turn their attention to the holidays. Consult a REALTOR to help you decide when to place your home on the market.

Buyer FAQ's

Finding the Right Home What should I consider before purchasing Consult a REALTOR to help you determine your price range. The price you can afford to pay for a home will depend on six factors: (1) Your income, (2) The amount of cash you have available for the down payment, closing costs and cash reserves required by the lender, (3) Your outstanding debts, (4) Your credit history, (5) The type of mortgage you select, (6) Current interest rates
Financing Are there first time buyer discounts? Numerous programs exist to help first time buyers purchase a home. A host of private lenders offer low-down payment loans. The U.S.Department of Housing and Urban Development offers a variety of programs through FHA. Loan limits vary depending on the county where the property is located. Fannie Mae has a program allowing people to buy with low down payments. For details, contact a REALTOR to assist you in finding lenders who offer government-insured loans.
Home Inspections How can I find a home inspector? Contact the American Society of Home Inspectors; 1735 N. Lynn St.; Suite 950; Arlington, Va. 22209 -OR- E-mail us for a list of inspectors who are Affiliate Members of the Montgomery Area Association of REALTORS. (Our e-mail address is located at the top of this page.)