Local broker calls selling market ‘The Wild, Wild West of the South’

BIRMINGHAM, Ala. (WBRC) – When looking to sell your home, local real estate companies say there is no better time than now.

And if you’re looking to rent a home in the Birmingham area, you’re in luck.

The realtor and owner of Remax Southern Homes calls this housing market the “wild, wild west of the south”.

He said now is the perfect time to sell your home as a lot of people are looking to buy and there are more homes to rent in the Birmingham area than in a while.

Remax Southern Homes realtor and owner David Emory said there are more people wanting to buy homes than they are willing to sell, creating a frenzy of buyers looking to pay the highest dollar for homes .

“You know … there are bids … what we call bidding wars that are going on with the houses now, so when they go on the market … you know … prices are going up with all the bids,” Emory said.

But while there may be a shortage of homes to buy, Emory says there are more homes to rent now than ever before.

“We have a lot of investors who have come into our market and started buying up blocks of houses, and in fact, they are some of those bidding on some of those houses, and so they actually have blocks of houses bought that they then flip over and put in inventory record … the rental inventory, ”Emory explained.

He said that in many cases the houses were kept at cheaper prices; anywhere in the range of $ 2,000 to $ 2,500.

He said this is seen as affordable, especially as the cost of renting apartments is skyrocketing.

But he said that if you want to rent a house, act quickly.

“A lot of people have decided to sell their home because the market is so good and they can really benefit from the profitability of their home at home and they have nowhere to go, so rent them until something comes up they can get ready,” said Emory.

When you are in the market to rent a home, you’ll want to have all of your ducks in a row.

Emory recommends knowing your creditworthiness, showing your security deposits, including the first month’s rent and a security deposit, and checking any shortcomings on your credit upfront.

He said that landlords may consider multiple people for these homes so you want to be sure that your application is the most attractive.

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