Sales in February 2023 were up 14.5% month over month and still down 22.6% year over year according to the NAR Housing Snapshot. The median sales price dipped 0.2% to $363,000 and there are 2.6 months supply of homes on the market compared to 1.
There are fees and expenses associated with mortgages that must be paid by the closing date for closing costs, and pre-paid items, in addition to the down payment. These amounts can vary according to the type of loan, mortgage company, customary practices of the area, and the terms of the
The seller wants the most for their home and the buyer wants to pay the least possible.
Sellers offer concessions as an incentive to encourage buyers to purchase their home. The concessions, paid for by the seller, benefit the buyer in ways that may be more appealing than possibly, being able to purchase the home for a lower price. In some situations, buyers have good income, credit,
Social Security was established, on August 14, 1935, to take care of the country's elderly in their retirement years. Today, about 65 million or 1/6 of Americans collect benefits and the average monthly retirement amount received in January 2022 was $1,614 per month or about $19,370 per
Managing an asset worth hundreds of thousands of dollars is a responsibility that requires attention to details such as timely payment of the mortgage, home repairs and maintenance, upkeep, and oversight on financial issues including taxes, insurance, and other things. Depending on how long you've been a homeowner, you may
Housing affordability has declined dramatically in 2022 due to continued rising home prices and a three-percentage point jump in mortgage rates. Based on the popularity of Google searches for "housing bust" or "housing bubble", it could be surmised that buyers are anticipating relief, but they are probably not going to
Congratulations to Kim Harwood for being elected to the 2023 Alabama Association of Realtors Board of Directors!
Rapid rise in mortgage rates during 2022 coupled with continued appreciation have limited home buyers.
The limit for tax free gifts for 2022 is $16,000 and no tax is due to the donor or the donee.
With all that is going on in the world, a global pandemic, supply chain issues, highest inflation in 40 years, the economic effects of a war in Ukraine, it can be overwhelming to think about when the right time is to buy a home. On a local level, there is
A current inventory of all the personal items in your home is important and even necessary, if you are faced with filing a police report or insurance claim. The homeowner is usually asked if they have a home inventory. If not, the homeowner can reconstruct one to estimate the loss.
FTC Takes Action to Stop Online Home Buying Firm Opendoor Labs, Inc. from Cheating Potential Sellers with Misleading Claims about its Home-Buying Service
Kim Harwood recently completed session two of the Leadership AAR Class for Alabama Realtors
Selling and buying a lower priced home in an "Up" market can be to your advantage. The advantage is to maximize the sales price on your existing home and replace it with a less expensive one. Moving down in an "up" market may be to your advantage in multiple ways.
The primary negotiation in a home purchase takes place when the contract is agreed upon that includes the price, closing and possession. With inventory down over 19% in the past year and multiple offers being more of the norm than the exception, the first round of negotiations can be challenging.
Kim Harwood recently participated in the Alabama Realtors Leadership AAR Class of 2022. Kim is looking forward to serving her industry and the community. This picture represents her class of 2022. *
In today's ultra-competitive real estate market where there is only 1.7 months supply of inventory compared to 6 months in a balanced market, and the average home is getting 4.8 offers per sale, it is more important than ever to have the right person "champion" your cause. In
Americans have seen the equity in their homes increase by 29.3% year over year in the fourth quarter of 2021 according to the CoreLogic Homeowner Equity Insights. The average home equity gained $55,000 during the same period. CoreLogic's Home Price Index reported a 19.1% increase in appreciation
With home prices rising 20% nationwide in the past year and in some markets, even dramatically more, many homeowners are excited about the equity in their homes. In the past, most homeowners were not concerned about profit from the sale being taxed but some may be surprised. The profit homeowners
People purchasing a used car have most likely heard of CARFAX vehicle history reports to help them avoid buying a car with costly hidden problems. Less likely are buyers to know that there is a way to discover some of the repair history of homes they are interested in. Lexis
Usually, it is easier to buy a home than to sell a home but that isn’t necessarily the case currently. In today’s market, it can be scary to sell your home before buying another because you could find yourself without a home. Most sellers will not accept a
You may not have heard of anyone assuming an existing mortgage for over thirty years and didn't know they were even possible any longer. The reason is simple, it didn't make financial sense but now that interest rates are increasing, it may be an opportunity for some homebuyers. Conventional loans
Have you ever been shopping on a website where you were looking at something that was on sale? You were interested in it but there wasn't a sense of urgency and maybe, you had a lot going on and didn't get back to it for a few days. When you
WAMLS Board | Tuscaloosa Association of REALTORS®Tuscaloosa Association of REALTORS®
Kim Harwood Receives the 2021 Arthur B. Pope Education Achievement AwardAlabama Association of REALTORS
A-Team of Industry Veterans Open New Real Estate Firm in TuscaloosaA small team of ace real estate professionals in Tuscaloosa have joined forces to launch a new firm in the city.Tuscaloosa ThreadStephen Dethrage
Harwood Real Estate Opens On 7th Street In TuscaloosaTuscaloosa’s newest real estate firm recently celebrated its grand opening with a ribbon-cutting ceremony on Dec. 1PatchRyan Phillips
Harwood Real Estate Ribbon Cutting | Macaroni KID TuscaloosaWednesday, December 1 at 3:30 PM, Kim Harwood (named “Realtor of the Year” by Tuscaloosa Association of Realtors) officially cut the ribbon signify…Macaroni KID TuscaloosaStephanie Horton, MK Tuscaloosa Publisher
Tuscaloosa, Alabama Realtor Named 2021 TAR Realtor of the YearThrough her seven years in real estate, Harwood’s philosophy relies on one of her core strengths: helping others.Tuscaloosa ThreadSavannah Bullard
Kim Harwood Named TAR Realtor Of The YearThe Tuscaloosa Association of Realtors has named Kim Harwood as its 2021 Realtor of the Year following a huge deal in April.PatchRyan Phillips
Sellers try to rationalize not making needed updating and repairs to their homes before marketing them by saying they are going to let the buyers make their own personal choices. It is a convenient story to justify not going to the effort for the necessary market preparation to justify achieving
WOW: Lake Tuscaloosa Home Sells for $3.25 Million, Breaking RecordsTuscaloosa Realtor Kim Harwood closed a record-breaking deal this week, selling a home overlooking Lake Tuscaloosa for $3.25 million.Tuscaloosa ThreadStephen Dethrage