Gulf Shores, Orange Beach, Fort Morgan, Alabama 2009 MARKET UPDATE
- Steady Price Decline
- Increase in Foreclosures
- Some “Short Sales”……
- End of New Construction
- High Percentage of Cash Buyers
- Some Developments are Close to Bottom
- Limited New Construction for 4-5 Years
- Selling at Less Than Replacement Costs
- Condo’s Starting to Get “Picked Over”
- Newer Beachfront at 255 – 285 sq ft
- Low Interest Rates Attracting Buyers
- Nice Beachfront 1/2’s …..190k+
- Newer Beachfront 2/2’s ……290k+
- Newer Beachfront 3/3’s…….380k+
- Continued Foreclosure Values
- Limited Developer Inventory
- Buyer’s Looking at Price AND Quality
- Let Us Know Your Criteria
- Focus on One or Two Developments
- Visit and Preview Units
- Have Financing in Place
- Be Prepared to Move Quickly
- Units Sell at Certain Price Points
- List/Sold Price Spread Now Closer
- Clean Contract…..Quick Close
- Have a GAME PLAN
- Contact Us by Email or Phone
- Fast Response to Your Questions
- Take Advantage of Value Opportunities
- We Represent YOU in the Transaction
- Looking for BEST VALUE?
- Know WHAT YOU WANT?
- Are you prepared to make a QUICK OFFER?
- The BEST PRICED properties go first.
- The GOOD FORECLOSURES go fast.
- Send an email and get on our “HOT LIST”.
- We will contact you and MATCH YOUR CRITERIA.
MORTGAGE UPDATE
MORTGAGE UPDATE
October 16, 2008
Good morning to all our friends. I offer this update as a means to keep you abreast of what is happening in our industry. Many of you have asked about the direction of mortgage rates and housing in general. To say we have been in a state of industry slowdown is an understatement. While our elected officials have been dealing with legislation to open up the credit markets and get institutions lending again we have seen our equity markets decline and corporate earnings depressed.
GO ZONE Accelerated Depreciation Deduction – Time is running out!
GO ZONE Information
EXCLUSIVE “GO-ZONE” BUYING OPPORTUNITY IN THE #1 GROWTH MARKET IN THE COUNTRY
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Mortgage Loan | Home Loan | Condo Loan – Client Handbook – Presented to You By Your Personal Mortgage Consultant: Rob Smith, Mortgage Banker
Mortgage Loans | Home Loans | Condo Loans
Mortgage Banker | Mortgage Lender
Client Handbook
Presented to You By Your Personal Mortgage Consultant:
Rob Smith, Mortgage Banker – HMC – Home Mortgages Company
Serving borrowers in Spanish Fort, Daphne, Fairhope, Point Clear, Gulf Shores, Orange Beach, Fort Morgan, and all areas of Baldwin County, Alabama.
Call Rob now - (251) 422-5710
Apply online for a loan now!
A Guide to Understanding the Mortgage Process
Auction in Gulf Shores / Orange Beach, AL – August 9th 2008- Beach Houses | Beach Condos | Land | Acreage
This Auction has been completed – check here for future Gulf Shores and Orange Beach Auction notices!
Sorry we are so late getting this up for the August 9th, 2008 Auction.
Details follow:
The National Auction Group, America’s innovator of accelerated marketing and conveyance of high-end real estate, is excited to inform you of its upcoming event in your area. On Saturday August 9th, 2008 we will be auctioning an entire portfolio of Bank owned property for a local bank. The properties will include homes, condos, lots, and even a 142-acre horse farm! Our job is to “clear the books” for the bank, so most properties will be selling ABSOLUTE!
Baldwin County Alabama Foreclosures – Beach, Bay, and Canal Homes and Condos
Baldwin County Alabama Foreclosures and REO / Bank Owned Properties – Beach, Bay, and Canal Homes and Condos
Gulf Shores, Orange Beach, Fort Morgan, Point Clear, Fairhope, Daphne, and Spanish Fort, AL.
Get dispatches from the Courthouse Steps by subscribing here – Baldwin County Alabama Foreclosures
We have created two new pages on www.gulfshoreslife.com to help investors that are looking for opportunity in the current market. The pages are specific to foreclosures and bank owned property or REO.
MARKET UPDATE ALABAMA GULF COAST
The coastal communities of Orange Beach and Gulf Shores, Alabama, have seen significant price reductions in both condo’s & single family homes. These new price levels are now starting to attract buyers who have been following this local real estate market.
A Market View
GO ZONE ACT
GO ZONE ACT
Take advantage of Exclusive GO ZONE Buying Opportunity in gulf shores and Orange Beach, Alabama……….In addition to the standard 27.5 year depreciation,there is a first year 50% Bonus Depreciation available through the Gulf opportunity Zone (GO ZONE) legislation……….For Alabama, the go Zone Act ends December 31, 2008………. Time is running out!
I’m waiting on the market to bottom out!
If you don’t have a TV, a radio, or a newspaper, you may have missed all of the negative press surrounding the mortgage and housing markets. The severity of the situation has created a sort of panic that has paralyzed the consumer. Rather than deal with any aspect of the problem, we wait for someone to yell: “it’s OK to come out now!” If you are waiting for a “bottom” to the overall crisis, and for all the news to turn positive, don’t hold your breath. But where there’s tragedy, there’s opportunity. Let me show you why it is, in fact, “OK to come out now,” and why you might be sorry if you wait too long. Read more »
Monster Buck
When you finally get that Monster Buck hanging up on the wall, then it’s time to buy a place to go fishing in Gulf Shores and Orange Beach, AL – www.gulfshoreslife.com
Real Estate Agents – hunt for the big deals with Keller Williams Alabama Gulf Coast and Keller Williams Gulf States Region!
