I run a real estate agency in Orange Beach, Alabama. I'm 47, have a couple of pieces of paper, I'm from Mississippi and have been a lawyer since 1991. Helping people buy and sell real estate is my passion now, because in a perfect deal, everyone walks away smiling, and I'm at the beach!
Henry Ford once said that failure is simply the opportunity to start over and improve,,, or something to that effect.
I'll bring you a little of everything - local news and events, market trends, hot buys, fun pictures, a little economics 101, and lots of tips designed to inform and educate my clients and friends about buying and owning a beach home or condo. It's what I love, and its free!
I want you to taste the beach lifestyle, whether from afar or in your own home here, All I ask is that you give me a chance to win your business or that of anyone you know who may buy or sell here.
I'll start with the best reasons to buy or sell beach property, whether in Orange Beach, Perdido Key, Ono Island, Gulf Shores, or Fort Morgan, and DO IT NOW!
- Interest rates - still very LOW. This helps buyers and sellers because low interest rates = lower note payments = more qualified buyers
- National economy - the stock market is around 17,000.00 and unemployment has dropped to rates as low as we've had in the last decade. Many people are moving market profits to real estate.
- Cyclical economy, now is the time to buy (and sell). The national economy historically travels in seven year cycles. We're out of the trough, but still a long way from the top.
- Local housing market - one word - "AWESOME", for buyers and sellers. From a low three years ago in 2011, we've come up more than 30 percent in average sales price. Think building value and equity. Think 10% increase in value per year. What are your accounts earning? And we have a long way to go before prices reach 2007 levels.
- Average days on market is DOWN, which means things are selling faster. In July, 2014 it was barely more than 100 days for Orange Beach condos. The ratio of sale price to list price ranges from almost 100% for beach condos, to 90% for homes. These stats were accurate when written, ask me now!
- Financing for qualified buyers is easing, neither loose or tight. Rates in the middle 4's for second homes are common.
- Rental income, or gain vs. loss can help. Many savy condo owners handling the rentals themselves (I'll explain it to you) are grossing more than 10% of the value annually from rentals. Some do 20%! The condo can pay for itself while building 10% equity or more each year. But the best part is that if your condo doesn't rent all that well, you can talk to your accountant about the benefits of the loss (income less expenses).
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