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Showing posts with the label home

How to Use Comps to Price Your Home Correctly

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The most important aspect of listing your home for sales is the asking price. Unlike many other items we purchase, home prices are based on what a willing and able buyer would pay for the property. Sounds complicated, right? This is why real estate agents bring comps ( short for comparable properties) information with them to the discussion. Yet are you using the right comps to successfully sell your home? The idea is to gather information about comparable properties that have sold recently that are similar to your own. The goal is to compare apples to apples. In other words, the properties should be as close to the subject home as possible. This includes things like: ·  Location – how far is the property from yours. ·  Size – square footage is an important aspect of value. ·  Number of bedrooms/bathrooms – even if the square footage is close, the number of bedrooms and bathrooms can have a large effect on price. · Style, view, street, yard – even the exact same floorplan...

Inflation is Rising – Should I Still Buy a Home?

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  World events and government spending has led to soaring inflation. The Federal Reserve has only one tool in its arsenal to curb and reduce this trend – raising interest rates. While contemporary home buyers are accustomed to interest rates in the 2-4%, older homeowners remember being excited to get one as low as 8%. As yet, we have no indication such a drastic increase is necessary, home mortgage interest rates are creeping up and potential home buyers may be asking if they should still try to buy a home. One of the first things to consider is affordability. A higher interest rate will impact the amount of the loan each buyer can qualify for, potentially reducing their spending power. Yet, home prices are also beginning to soften, so it’s possible that this correction will reduce any possible impact from rising rates. Secondly, home ownership has been a strong hedge against inflation historically. Buying a home locks in the cost of the largest budgetary portion of your expenses –...

Haunted History of the Shoals Ghost Walk

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If you’ve been in downtown Florence, Alabama at night in the past two weeks you might have noticed a group of people standing in the glow of a dimly lit street lamp in front of various homes and businesses listening intently to a woman telling a story. While The Shoals always has something going on, one event that you shouldn’t miss out on is the Haunted History of the Shoals Ghost Walk. This unique tour gives you a look into the history and local ghosts that haunt the homes, restaurants, and buildings around Court Street. There are only two nights left for this tour and with Halloween just one night away how else would you spend your evening, but by listening to spooky ghost tales on a dark, chilly October night? The tour begins in Wilson Park at 7:30pm in front of the W.C. Handy statue where you are introduced to your tour guide, Debra Glass, who started the ghost walk in 2002, after the release of her first of many ghost story books, True Ghost Stories of the Shoals, Vol. 1....

Florence, Alabama: Downtown Historic District

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As time marches on it’s hard to imagine life in the 1800’s, but in the Historic District of Downtown Florence located on Walnut Street, Wood Avenue, and stretching into the College district it’s easy to picture the rich culture and history that was cultivated during these times because of the beautifully preserved homes that line the shaded streets of our lovely downtown. When I tour a home on one of these streets I find myself truly wishing that the walls could talk as I think about the original residents who literally laid the foundations for generations of families to enjoy a place to create lasting memories of holidays and celebrations, family dinners and the raising of children. It’s humbling to think that these homes have seen the Civil War and housed great Generals, musicians, authors, and leaders. Each house has a story to tell and by preserving the architectural design of the house we preserve the memories of those who came before us and called Florence h...