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Casual Articles - Birmingham's False Buyers Market
Well it finally happened as predicted the SPIT is here; that is to say “SPAM over IP Telephony.” Yes indeed, they have found a way to send you VoIP SPAM and you thought you had some good news by saving a bunch of money on your long distance telephone bill, didn’t you? Well, guess what there are no Do Not SPIT Lists at the FTC and you would not want to be on one anyway, as the SPAM’ers would only use the list to fill up your voice mail?Can’t we’ “Just say no to SPIT?” Well, we wish it were that easy, but it isn’t as there is no formal definition of w
Despite the expectation that the bottom would fall out of the real estate market, and in some places nationally you could argue that it had, Birmingham stayed relatively stable. Although home prices came down a few percentage points, there was not the drastic drop in home prices experienced in other areas in the country. This is good news for most. However those home owners that had taken advantage of th
The expenses involved with owning a home can be overwhelming at times - routine maintenance, repairs, seasonal preparations, improvements. Not to mention taxes, fees, and all those monthly bills. Some homeowners, in trying to reduce their expenses, wonder if they really need disaster insurance.Disaster insurance is typically defined as additional homeowner's insurance to cover events like hurricanes, tornadoes, earthquakes, and floods. Home insurance policies typically cover hurricanes and tornadoes (review your policy to be certain in covers damage
Typically, home shopping in Birmingham, Alabama goes something like this:
1. Find a Home
2. Write an Offer
3. Expect a Counter Offer
4. Negotiate
5. Reach Agreement
6. Close the Deal
Lately though, buyers are flexing their muscle and attempting to take advantage of the supposed buyer's market conditions throughout the Birmingham Alabama real estate market. What is happening though is very interesting and leading to some tough negotiations and a slow down in the Birmingham market.
Currently, the traditional analysis on the Birmingham market would be considered a buyer's market. Home sales are slowing, homes are sitting on the market for longer periods, while more homes are being listed for sale on a daily basis. One would think that this is a prime scenario to pick up some properties at discounted prices. Despite these conditions, home buyers are not getting the great deals they expect! Primarily because there is a new factor altering the resale market making this Realtor® think that we are in a "false" buyer's market.
A Brief History
2004, 2005, 2006 Refinance Bonanza
Interest rates in 2004 were at all time lows. People were refinancing, home prices rising, things looked fantastic. 2005, more of the same. 2006 started much the same as the previous two years. But as the year moved on, speculation that the home bubble would burst inevitably slowed the market down while interest rates crawled back up.
The bottom never fell out, but...
Despite the expectation that the bottom would fall out of the real estate market, and in some places nationally you could argue that it had, Birmingham stayed relatively stable. Although home prices came down a few percentage points, there was not the drastic drop in home prices experienced in other areas in the country. This is good news for most. However those home owners that had taken advantage of the
No Down Payment Required:If you know about the advantages of business equipment leasing then it becomes easier for you to decide whether you should choose the option of leasing or purchasing business equipment. The basic advantage of leasing business equipment is that you get access to the business assets while making a very small initial investment. The reason behind this is that for leasing business equipment you do not have to make any down payments. You use the equipment only when you need it.Leasing Payments are Tax Deductible:One
3. Expect a Counter Offer
4. Negotiate
5. Reach Agreement
6. Close the Deal
Lately though, buyers are flexing their muscle and attempting to take advantage of the supposed buyer's market conditions throughout the Birmingham Alabama real estate market. What is happening though is very interesting and leading to some tough negotiations and a slow down in the Birmingham market.
Currently, the traditional analysis on the Birmingham market would be considered a buyer's market. Home sales are slowing, homes are sitting on the market for longer periods, while more homes are being listed for sale on a daily basis. One would think that this is a prime scenario to pick up some properties at discounted prices. Despite these conditions, home buyers are not getting the great deals they expect! Primarily because there is a new factor altering the resale market making this Realtor® think that we are in a "false" buyer's market.
A Brief History
2004, 2005, 2006 Refinance Bonanza
Interest rates in 2004 were at all time lows. People were refinancing, home prices rising, things looked fantastic. 2005, more of the same. 2006 started much the same as the previous two years. But as the year moved on, speculation that the home bubble would burst inevitably slowed the market down while interest rates crawled back up.
The bottom never fell out, but...
Despite the expectation that the bottom would fall out of the real estate market, and in some places nationally you could argue that it had, Birmingham stayed relatively stable. Although home prices came down a few percentage points, there was not the drastic drop in home prices experienced in other areas in the country. This is good news for most. However those home owners that had taken advantage of th
Another protective strategy that allows for some upside capital gain while providing maximum down side protection is the collar. The collar is a combination of the covered call and protective put strategies. The collar uses a long put position in coordination with a short call position along with a long stock position. The ratio is one short call, one long put (not of the same strike) and 100 shares of stock. As you remember, one contract is equal to 100 shares. The options that we will use to construct t
A Brief History
2004, 2005, 2006 Refinance Bonanza
Interest rates in 2004 were at all time lows. People were refinancing, home prices rising, things looked fantastic. 2005, more of the same. 2006 started much the same as the previous two years. But as the year moved on, speculation that the home bubble would burst inevitably slowed the market down while interest rates crawled back up.
The bottom never fell out, but...
Despite the expectation that the bottom would fall out of the real estate market, and in some places nationally you could argue that it had, Birmingham stayed relatively stable. Although home prices came down a few percentage points, there was not the drastic drop in home prices experienced in other areas in the country. This is good news for most. However those home owners that had taken advantage of th
Have you ever considered trying to start a subscriber list? or maybe you already have one but would like to build on its membership size?Here are ten ways that you can start building or increasing your list today.1) Why not setup joint ventures with owners of other websites that are in non-competitive, but related subject areas. For example, if you sell information products to do with Yoga then you may want to look for other sites or companies that sell Yoga exercise equipment or relaxation products. Make sure they fully understand the benefi
A Brief History
2004, 2005, 2006 Refinance Bonanza
Interest rates in 2004 were at all time lows. People were refinancing, home prices rising, things looked fantastic. 2005, more of the same. 2006 started much the same as the previous two years. But as the year moved on, speculation that the home bubble would burst inevitably slowed the market down while interest rates crawled back up.
The bottom never fell out, but...
Despite the expectation that the bottom would fall out of the real estate market, and in some places nationally you could argue that it had, Birmingham stayed relatively stable. Although home prices came down a few percentage points, there was not the drastic drop in home prices experienced in other areas in the country. This is good news for most. However those home owners that had taken advantage of th
There are plenty of cheap web hosting companies on the net and sometimes it can be very difficult to decide which one you should go for. After all, once you have decided on one web host, it can be difficult to switch your websites to another one.Your primary factor when searching for cheap web hosting should not be price. Yes, price is one factor but you need to take consideration into other factors before deciding.Here are a few factors you should consider as well besides the price:1. Customer ServiceEver had a problem with you
Despite the expectation that the bottom would fall out of the real estate market, and in some places nationally you could argue that it had, Birmingham stayed relatively stable. Although home prices came down a few percentage points, there was not the drastic drop in home prices experienced in other areas in the country. This is good news for most. However those home owners that had taken advantage of the low interest rates and cashed out the equity of their homes are finding themselves in precarious positions. Especially if they had used an interest only loan or other alternative financing for the primary note on their home.
Where these home owners find themselves is in a situation where the value of their home had lowered enough to close the gap between amount owed on, and equity left in, the home. Thereby placing them in a position where it can be too expensive to sell and with interest rates on the rise, too expensive to stay!
The resale market is stalling while new construction rises
The situations resulting from the above have altered the normal course of events during a buyers market creating what I call the false buyers market in the resale sector.
How?
Well normally a buyer's market swings the advantage of negotiation to the buyer following a traditional supply and demand curve. What is occurring now though, despite supply being way above demand, is a shift in the curve resulting from the lack of equity found in homes currently being marketed. The result is that sellers are having to ask for higher prices than the current market would normally support, in turn resulting in tougher negotiations. With buyer's being patient and willing to wait until a better deal can be had, Birmingham is experiencing an overall slowing down of the resale real estate market. Although there are some exceptions, see Birmingham Real Estate Price Void, it could be speculated that the ability to negotiate with less limitations financially is why new construction home sales are becoming a larger percentage of home sales throughout the Birmingham area.
And the cradle will rock
Recently buyers and sellers are having di
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