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Trying to buy the home of your dreams? Ready for a fixer-upper? Or looking to rent a home. You are not likely to get a deal right now.

Tuscaloosa area realtors say it is a sellers market. Many sellers are getting their full asking price.

Many properties are being listed at 10% over the actual property value. Some sellers are benefitting from bidding wars when multiple offers are made on a property.

Potential home buyers can benefit from current low interest rates, but prepare for rising rates moving forward. Make a 20% down payment and get an interest rate under 3% financed over 30 years. Owning a property allows you to do what you want with the home. The freedom of ownership is a definite plus. For a $290,000.00 home here is what kind of rates you'll be looking at.


If renting is your choice, then living in a college market like Tuscaloosa can be a factor. There is lots of inventory. And like Sealy Realty advertises, they alone have over 9000 rentals.

One realtor advises if you’re planning on living in your home a minimum of 6 years, then take the low interest rates & buy a home. There is no better investment. Houses are selling quickly in the Tuscaloosa market. If you find something that suits your needs, don’t hesitate or could lose out to another buyer.

READ ON: Here's how to apply for rent relief

ALSO: See Inside Garth Brooks and Trisha Yearwood's Malibu Beach House:



LOOK: Here are 25 ways you could start saving money today

These money-saving tips—from finding discounts to simple changes to your daily habits—can come in handy whether you have a specific savings goal, want to stash away cash for retirement, or just want to pinch pennies. It’s never too late to be more financially savvy. Read on to learn more about how you can start saving now. [From: 25 ways you could be saving money today]


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