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Auburn, AL Real Estate News

By Laura Sellers, www.AuburnOpelikaALRealEstate.com
(Berkshire Hathaway HomeServices Preferred Real Estate, Inc.; www.AuburnOpelikaALRealEstate.com)
Selling a Home During Divorce: Key Tips for a Smooth ProcessDivorces are rarely easy, and when it involves selling a marital home, the situation can become even more complicated. As a realtor, it’s crucial to navigate these transactions with professionalism, market knowledge, and effective communication. Here’s how to handle these sensitive sales with care.First, understand the specifics: Is the sale court-ordered or mutually agreed upon? Clarify how the title is held and review any agreements regarding the sale price, how reductions are handled, and who provides access to the home. Attorneys play a vital role here, so work closely with them to stay informed. It’s essential to remain neutral—communicate openly with both parties and ensure everyone receives the same information. This hel...
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By Laura Sellers, www.AuburnOpelikaALRealEstate.com
(Berkshire Hathaway HomeServices Preferred Real Estate, Inc.; www.AuburnOpelikaALRealEstate.com)
Selling a Home During Divorce: Handling Tough SituationsSelling a home during a divorce can get complicated fast. As a realtor, you’re often caught between conflicting demands from both parties, and your job is to find a balance that works for everyone. Here’s how to handle common scenarios that arise when selling a marital home.Scenario 1: Conflicting Marketing DemandsOne spouse wants only qualified buyers with no open houses, while the other demands an open house every weekend. What should you do? Present the pros and cons of each option to both parties. If no compromise is reached, consult their attorneys for guidance.Scenario 2: Price Reduction DisagreementThe home hasn’t sold after a month. One spouse wants a price reduction, while the other wants to wait. First, check if their div...
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By Laura Sellers, www.AuburnOpelikaALRealEstate.com
(Berkshire Hathaway HomeServices Preferred Real Estate, Inc.; www.AuburnOpelikaALRealEstate.com)
Trust Your Gut: How a Keen Eye Saved My Buyers from Costly RepairsPicture this: I was showing a charming home to a couple excited to make it their own. Everything seemed perfect—until I noticed moisture stains on the floor in one room. When I asked the listing agent about it, the issue was downplayed. Still, something didn’t sit right with me. I urged my buyers to dig deeper by getting the house checked for mold and structural issues. Boy, was that the right call!Not only did the air quality tests reveal significant mold, but the foundation was also off, costing nearly $20,000 to repair. Had we trusted the initial explanation, my buyers would have been stuck with a nightmare of costly repairs. Thankfully, we caught it early, and they were able to walk away with their earnest money intac...
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By Laura Sellers, www.AuburnOpelikaALRealEstate.com
(Berkshire Hathaway HomeServices Preferred Real Estate, Inc.; www.AuburnOpelikaALRealEstate.com)
A Memorable Time at the War Eagle Supper Club: A Local’s ReviewWar Eagle Supper Club at The Graduate Hotel in Auburn, ALI recently had the pleasure of dining at the War Eagle Supper Club, located on the rooftop of Graduate by Hilton in downtown Auburn. As an Auburn local and realtor, I love exploring and sharing all the hidden gems in our area, and this spot was no exception! The hotel is beautifully designed with Auburn University nostalgia, from the decor to the Tiger spirit that fills the air. It’s truly an undeniably local stay, and being just steps from Auburn University’s campus, it captures the essence of our beloved town.Dining at the rooftop restaurant was such a treat. The view from the top is unbeatable—you can see Samford Hall, the arena, and the vibrant surroundings of Aubu...
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By Laura Sellers, www.AuburnOpelikaALRealEstate.com
(Berkshire Hathaway HomeServices Preferred Real Estate, Inc.; www.AuburnOpelikaALRealEstate.com)
Shopping for a home is one of the most exciting times in your life, but it can quickly turn frustrating if you fall in love with a house that’s out of your price range.Avoid Disappointment When Buying a Home: The Importance of Staying Within Your BudgetBuying a home is a big decision, and while it’s tempting to “just take a peek” at that beautiful home slightly above your budget, it can lead to unnecessary disappointment. As an experienced realtor with over 35 years of banking and real estate expertise, I’ve seen it happen time and time again: buyers set their sights on a home that’s out of reach, and suddenly, nothing else measures up.Here’s How It Happens:Imagine you’re pre-approved for a mortgage with a budget of $300,000. You’ve seen a few nice homes within your price range, but you...
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By Laura Sellers, www.AuburnOpelikaALRealEstate.com
(Berkshire Hathaway HomeServices Preferred Real Estate, Inc.; www.AuburnOpelikaALRealEstate.com)
Is Home Staging Worth the Hype? Here’s How to Get It RightWhen it comes to selling your home, staging can make all the difference. But how far should you go to perfect your space? The concept, introduced by Barb Schwartz over 50 years ago, has evolved from simple decluttering to full-scale redecorating, including everything from new furnishings to soothing playlists.Today, many sellers are curious about whether elaborate staging is really worth it. According to the National Association of REALTORS®’ 2023 Profile of Home Staging, 20% of buyers’ agents believe staging can boost sales prices by 1% to 5%. While some sellers choose DIY staging, others prefer professional help—or even ask their agents to cover some costs.However, staging can sometimes feel overwhelming. Sellers might see thei...
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By Laura Sellers, www.AuburnOpelikaALRealEstate.com
(Berkshire Hathaway HomeServices Preferred Real Estate, Inc.; www.AuburnOpelikaALRealEstate.com)
Don’t Lose a Sale Over Pennies: Keep Your Word When Selling Your HomeImagine this: your home has been sitting on the market for 150 days or more, and finally, you get a buyer who makes a verbal offer. You agree, but the next morning, you wake up and decide to ask for an extra $1,000. While that might seem like a small amount, it could have a huge impact on the deal.Changing terms after a verbal agreement can frustrate the buyer and damage your trustworthiness. Even though verbal agreements aren’t typically enforceable, keeping your word goes a long way in maintaining a smooth transaction. By trying to squeeze out an additional $1,000, you’re essentially buying back your own house. If your home was listed at $500,000, is it really worth risking the deal over a minor amount?Don’t let impa...
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By Laura Sellers, www.AuburnOpelikaALRealEstate.com
(Berkshire Hathaway HomeServices Preferred Real Estate, Inc.; www.AuburnOpelikaALRealEstate.com)
Things I’d Tell Myself as a Brand-New RealtorIf I could go back to when I started as a real estate agent, I’d give myself some serious advice—and I hope this resonates with anyone starting in this business. Real estate can be brutal. I’ve sold millions of dollars in property, but it wasn’t without facing challenges.Here’s what I’ve learned: People Will Waste Your Time if You Let ThemEarly on, I discovered that not everyone is serious about buying or selling. Many will use your time and resources, but won’t commit to closing. The lesson here? Qualify your clients carefully. If they’re reluctant to sign agreements or engage with you seriously, don’t waste your time. Don’t Spend Your Money Until the Deal ClosesIt may seem like everything is set, but until that final signature hits the page...
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By Laura Sellers, www.AuburnOpelikaALRealEstate.com
(Berkshire Hathaway HomeServices Preferred Real Estate, Inc.; www.AuburnOpelikaALRealEstate.com)
Mortgage Rate Relief in 2024: A Welcome Change for HomebuyersMortgage rates are expected to stabilize and even decrease slightly in 2024 after a period of volatility. While they won’t return to the historic lows we saw in 2021, the decline from their 2023 peaks may open up new possibilities for buyers who have been priced out. Lower borrowing costs mean that your monthly mortgage payments may be more manageable, making it easier to enter the housing market.Why It Matters: For buyers, a reduction in rates can mean increased affordability, while sellers might see more buyers in the market. Potential homebuyers who have been sitting on the sidelines could see this as a golden opportunity to act. What You Can Do: If you’re considering buying a home, now is the time to act before rates rise ...
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By Laura Sellers, www.AuburnOpelikaALRealEstate.com
(Berkshire Hathaway HomeServices Preferred Real Estate, Inc.; www.AuburnOpelikaALRealEstate.com)
Proptech Evolution: How Technology is Transforming Real EstateProptech, or property technology, is changing the real estate industry by streamlining processes and providing a better user experience for buyers and sellers. This includes everything from AI-driven property management to virtual tours and blockchain-based transactions. The technology makes real estate more transparent and accessible to everyone.Why It Matters: Virtual tours allow buyers to explore homes without physically visiting them. AI tools can provide real-time market predictions, helping buyers make informed decisions. Blockchain ensures secure, transparent transactions, minimizing the risk of fraud. What You Can Do: Incorporating technology into your home buying or selling process can save time and give you an edge ...
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By Laura Sellers, www.AuburnOpelikaALRealEstate.com
(Berkshire Hathaway HomeServices Preferred Real Estate, Inc.; www.AuburnOpelikaALRealEstate.com)
The Impact of Fed Rate Cuts on the Housing MarketThe Federal Reserve is expected to cut interest rates in 2024, which could have significant implications for the housing market. Lower interest rates typically lead to reduced mortgage rates, making home loans more affordable. This is great news for potential homebuyers, as lower borrowing costs could help more people qualify for mortgages.Why It Matters: Buyers could face lower monthly mortgage payments. Sellers may see an increase in buyer activity as financing becomes more accessible. What You Can Do: If you’re thinking about buying, now is the time to act before the rates start fluctuating again. Sellers can also take advantage of the increased buyer interest.“Fed rate cuts could be the key to unlocking your next home!”“Don’t wait—cal...
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By Laura Sellers, www.AuburnOpelikaALRealEstate.com
(Berkshire Hathaway HomeServices Preferred Real Estate, Inc.; www.AuburnOpelikaALRealEstate.com)
Getting ready for an open house? It’s an exciting step in selling your home, but it requires some preparation to truly wow potential buyers. From decluttering to boosting curb appeal, here’s how to make your home shine for that all-important first impression!Declutter and Stage Your HomeA cluttered home can turn buyers off, so make sure to declutter and organize each room. Pack up items you haven’t used in six months, especially in high-traffic areas like kitchens and closets. Buyers want to see space, not your stuff! Consider renting a storage unit if needed, to keep your home looking tidy and spacious.Staging is key—simple tricks like hanging curtain rods higher for a taller ceiling effect or using mirrors to brighten rooms can make a huge difference. Neutral tones with pops of color ...
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By Laura Sellers, www.AuburnOpelikaALRealEstate.com
(Berkshire Hathaway HomeServices Preferred Real Estate, Inc.; www.AuburnOpelikaALRealEstate.com)
Ever been to an open house and found a room you couldn’t access? It’s a common scenario that can leave potential buyers feeling uneasy and skeptical.Open House Tip: Never Have a Mystery Room!As a realtor with over 35 years of experience in banking and real estate, I’ve seen firsthand how the smallest details can make or break a sale. One of the biggest mistakes I see sellers make during an open house is having a “mystery room”—a room that’s off-limits to potential buyers. Whether it’s a messy garage, a cluttered office, or any other space, closing off a room raises red flags and leaves buyers wondering: “What’s wrong with it? Why can’t I see it?”Here’s Why It Matters:Imagine walking through an open house where everything looks great, but the garage door is locked, or the home office is ...
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By Laura Sellers, www.AuburnOpelikaALRealEstate.com
(Berkshire Hathaway HomeServices Preferred Real Estate, Inc.; www.AuburnOpelikaALRealEstate.com)
Does Updating Your Home Really Increase Its Value? Here’s What You Need to Know!If you’re thinking about selling your home, you may be wondering: do home updates actually increase its market value? The answer isn’t always black and white, but in today’s market, an updated home can make all the difference in how fast your property sells—and for how much.Homes that go on the market with recent updates tend to attract more buyers and sell for higher prices than those that haven’t been touched in years. Why? Because buyers are willing to pay more for a move-in-ready home rather than invest time and money in renovations after purchasing.Here are some key updates that can boost the value of your home: Kitchen & Bathroom Remodels: These are the most impactful areas for homebuyers. Modernizing ...
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By Laura Sellers, www.AuburnOpelikaALRealEstate.com
(Berkshire Hathaway HomeServices Preferred Real Estate, Inc.; www.AuburnOpelikaALRealEstate.com)
Get Your Home Ready for Fall: Quick Tips for SellersFall is here, and it’s the perfect time to get your home market-ready! Buyers want to settle in before the holidays, so let’s make your property shine with these seasonal tips. Cozy Up Your StagingMake your home warm and inviting with fall-themed staging. Use plush throw pillows, warm-toned area rugs, and highlight cozy features like fireplaces. Add subtle seasonal decor—think pumpkins and fall wreaths—but remember, less is more! Boost Curb AppealDon’t let your curb appeal fall off with the leaves! Keep your lawn trimmed, plant seasonal flowers, and add outdoor lighting for those shorter days. A well-lit path and a welcoming front door can make all the difference. Essential Fall Maintenance Clean Gutters: Keep them clear of leaves to a...
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By Laura Sellers, www.AuburnOpelikaALRealEstate.com
(Berkshire Hathaway HomeServices Preferred Real Estate, Inc.; www.AuburnOpelikaALRealEstate.com)
Is Your Home Not Selling Because Your Agent Isn’t Calling People Back?Are you frustrated because your home isn’t selling, and you’re not sure why? Here’s a big question to consider: Is your agent calling people back? Communication is key when selling your home, and if your agent isn’t responsive, it could be costing you potential buyers.I often hear from clients who reach out because their previous agent wasn’t communicating with them. Imagine—if they’re not staying in touch with their own client, are they responding to inquiries from other agents and potential buyers? Some agents treat real estate like a 9-to-5 job, only working Monday through Friday and not responding to inquiries after hours or on weekends. But here’s the thing—many potential buyers search for homes in the evenings a...
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By Laura Sellers, www.AuburnOpelikaALRealEstate.com
(Berkshire Hathaway HomeServices Preferred Real Estate, Inc.; www.AuburnOpelikaALRealEstate.com)
Are you waiting for the media to give you the green light to buy a home? Here’s why that might not be the best strategy!When it comes to buying a home, timing is everything—but waiting for the media to tell you when to buy might leave you a step behind. By the time you hear that interest rates are low or the market is hot, the best deals are often already gone. People in desirable areas with those coveted low rates aren’t in a rush to sell, and with so many buyers waiting on the sidelines, competition can get fierce!Instead of relying on headlines, take charge of your home-buying journey by exploring all your options and comparing different areas. Whether you’re looking for a bustling neighborhood or a quieter spot, there are always hidden gems waiting to be discovered. As your local re...
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By Laura Sellers, www.AuburnOpelikaALRealEstate.com
(Berkshire Hathaway HomeServices Preferred Real Estate, Inc.; www.AuburnOpelikaALRealEstate.com)
Ever wondered what the difference is between a Realtor and a real estate agent? You’re not alone! While both professionals help you buy or sell homes, the key distinction lies in the level of commitment and professionalism you receive.All real estate agents are licensed to assist with buying, selling, or renting property. However, not all agents are Realtors. So, what’s the difference? A Realtor is a member of the National Association of Realtors (NAR) and adheres to a strict code of ethics that sets them apart in the industry. This means when you work with a Realtor, you’re not just getting a licensed agent—you’re getting a professional committed to honesty, integrity, and putting your needs first.As a Realtor, I am dedicated to upholding these standards and providing you with the best...
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By Laura Sellers, www.AuburnOpelikaALRealEstate.com
(Berkshire Hathaway HomeServices Preferred Real Estate, Inc.; www.AuburnOpelikaALRealEstate.com)
Inventory Growth: More Homes Hitting the Market in 2024The tight housing inventory that has characterized the market in recent years is expected to ease in 2024, with more homes being listed for sale. This increase in inventory is good news for buyers, who have been competing in a low-supply, high-demand environment.Why It Matters: More homes on the market mean more options for buyers and less competition. Sellers will need to price homes competitively as more listings come online. What You Can Do: Take advantage of the increased inventory by finding your dream home with less competition! If you’re a seller, now is the time to list before the market becomes oversaturated.“The inventory crunch is easing—is your dream home just around the corner?”“Let me guide you through the growing mark...
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By Laura Sellers, www.AuburnOpelikaALRealEstate.com
(Berkshire Hathaway HomeServices Preferred Real Estate, Inc.; www.AuburnOpelikaALRealEstate.com)
Win in Real Estate Negotiation with Leverage and ConfidenceWhen it comes to winning in a real estate negotiation, two essential factors will set you apart: leverage and the ability and willingness to walk away. As a realtor, I’ve seen firsthand how emotionally attached some people get to a home, and while this is understandable, it can cost you in the negotiation process.Leverage is Key:Leverage can come in many forms: Time: If you aren’t in a rush but the other party is, they may be willing to compromise in your favor. Options: Having more than one property to consider can give you a stronger position. Purchase Size: Buying in bulk or making a higher offer can give you more sway in negotiations. Keep Your Emotions in Check:Many buyers become emotionally invested in a home before the de...
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