Case Study: Can You Sell Your House for What You Paid Today?

[Jason Cory]

I am interested in doing a study to find out how many investors that bought a property in Birmingham would be able to sell the property today for what they paid for it?

I will arrange for the property to be listed on the local MLS and in turn, Zillow via the IDX feed from a local agent.

The parameters for the study would be;

• Listing the Property for the Same Amount you Paid for it or a higher price that is reasonable
• List any known repairs needed
• Include the rent amount, if occupied, on the listing
• Including the Usage of the property in the listing, occupied or vacant
• Report any offers you receive to the discussion
• Provide feedback you receive to the discussion
• Properties purchased based on the 1% rule only

You can receive offers and never have to accept any of them.

The available inventory in Birmingham currently is less than 3 months. If properties are priced accordingly they are typically under contract within a week.

This is a case study to hopefully show investors whether they purchased for the right price. This is not to harm any providers in any way. If an investor is able to offer their property for fair market value it should receive multiple offers and give them the ability to sell if they so choose. If not, they know where they stand in relation to the price they paid for the property.

Birmingham Home Values have Increased year over year for the previous 5 years in every sub-market. 

This should be an informative case study for everyone involved. Some will feel good regarding their investment and some will not but being educated is helpful for everyone.

I look forward to your participation.