If you do the math, you may discover you can buy more house than you could have previously afforded in 2006. This first graphic explains how just a 20% loss in values allows you to purchase a home and gain more value in the ‘move-up’ home. In this example you see a $50,000 gain.
When values rise again, you may appreciate and even greater gain as demonstrated in the table below. In this example, you see a total gain of $90,000.
In our final demonstration, you can see that waiting to make your decision can greatly impact your monthly payment and affordability if you consider today’s interest rates compared to what they may be in the future. If interest rates rise even modestly, you will see a significant increase in your payments. Maybe you want more square footage in your Daphne, Fairhope or Spanish Fort home. Opportunity may be knocking.
If you have been toying with the idea of buying a luxury home, a home with a pool or golf course home, but think now is not the time, think again! Now may be your best opportunity ever to get the DREAM HOME! Why don’t you contact us if you think this makes sense for you. No pressure, but we can certainly discuss your circumstances.
Everyone knows it is a buyer’s market. It has been tough out there and home sellers have taken quite a beating. If you need to sell, you really need a good plan. The competing inventory is extensive and new homes are desirable & easy to come by, so it is more important than ever for your property to stand out from the rest.
The Tia Stanley Team specializes in just that. Our plan is exclusive and distinctive. It is precise and targeted. We make a financial investment in every listing and we expect it to sell. We are able to triple the number of buyers looking at your property.
Pictures are of extreme importance. Buyers are drawn to photos, especially good ones. We are taking our already very good wide-angle photos to the next level. We have invested in the best camera equipment, lighting, tripods, and have taken some classes to hone those skills. We do not do average. When we list your house, it should be picture ready. Clear the counters, take the art off of the refrigerator. Remove the bathroom rugs, and hide the shampoo bottles. We want to put your best features on display. Depending on your square footage and the features you have, we take 100 – 200 photos of each property and choose the best shots.
Everyone focuses on sold prices and competing prices. Why? Because this is vital information when pricing your home. You need to know what homes around you are selling for and this also comes into play with the appraisal. Even if someone gives you the price you want, it still has to appraise.
The other factor is competing homes. If you are the highest priced home, even with really great features, chances are that you will not be the first to sell. Buyers are looking for low prices and figure they can upgrade over time any features that are not to their liking.
Lets talk about the much-overlooked but vital tool in analyzing your property and the odds of it selling. In any given market, in any given time, only so many properties will sell. This is known as ‘Absorption Rate’. In other words, how many months of inventory is available? Let me provide a simplified example, although there is more precision involved when evaluating a property:
Lets say if in 6 months 5112 properties sold in your county. That would be an average of 852 properties sold per month. If you then take the current active listings, lets use 7333 and divide it by the average homes sold per month, you would have a 8.6 month inventory. If no other properties come on the market, it would take 8.6 months to sell everything. Lets go further. Take those 5112 properties sold in 6 months and divide that by the number of closed, active, expired, withdrawn listings in the same 6 months and you would come up with a 29% probability of selling your property.
How does this impact you? It helps you determine how you are going to price your property to get it sold. If you price it too high, the probability of your property selling soon is unlikely. Your agent is in charge of the process. You, the seller, are in charge of the decisions and how competitive you are going to be.
The Tia Stanley Team with RE/MAX By The Bay just listed this quality Fairhope AL home in Quail Creek Estates that has been very well maintained and is absolutely immaculate. Many features were included in this home that was a former Parade Home and built by Baldwin County Home Builder’s Association. Home features a great floorplan with a large windowed bonus room & screened porch that both overlook the beautifully landscaped yard and golf course view. Neighborhood has many optional amenities such as golf course, tennis courts and swimming pool. Call today to see this home 251-454-8741 or 251-406-2859. Visit the property website here 208LakeRidgeDrive.com
Speckle Trout Route | Spanish Fort AL | Spanish Fort Homes
Spanish Fort AL is a very desirable place to call home, especially if you live at 24 Speckle Trout Route in Spanish Fort Estates. This home is one of those spectacular homes that buyers (and agents) oooo and ahhh over. It has everything and the pool and backyard is incredible. If you are searching for Spanish Fort homes, make sure to check this one out. It have been priced very well. We predict a quick sale on this one.
Located just minutes from the downtown village area and bay front recreation area, Quail Creek Subdivision is a long-established neighborhood built adjacent to the public Quail Creek Golf Course.
Quail Creek residents are a wonderfully diverse cross-section of all ages, interests, and life styles. Nearby shopping, medical services, recreation, churches and schools add to Quail Creek’s appeal.
There many lovely residences, some fronting the golf courses, a villa section which features patio style homes, as well as available lots. Sales price in the Estates section have ranged from $165,000-$375,000 in the past. In the Villas have recently sold around $240,000. If you want to know more about Quail Creek homes for sale contact The Tia Stanley Team.
Thursday December 8, 2011 is the Quail Creek Christmas Walk. Residents line the streets with luminaries at sundown to enjoy a quaint walk or drive, and to enjoy the neighborhood decorations. Here and there refreshments are offered as a gathering place to say hello to neighbors or friends. This is one of several annual organized activities planned by volunteer residents.
RE/MAX | Top Real Estate Company | Daphne AL | Fairhope AL | Spanish Fort AL
As a home seller in Daphne, Fairhope or Spanish Fort AL, you will want to hire the top real estate company to sell your house or property. It is important to consider marketing and brand awareness as part of that equation. RE/MAX International has surged ahead of our competitors in maintaining and increasing market presence and visibility. While others have pulled back on the advertising dollars during these tough economic times, RE/MAX has taken a long view and invested accordingly. When people think of buying or selling real estate, RE/MAX is to top brand that comes to mind. RE/MAX agents sell more real estate, and that’s not just a slogan.
Spanish Fort AL Home For Sale | The Woodlands of Spanish Fort | Spanish Fort
Ideally located and well maintained in The Woodlands of Spanish Fort. This home has a fabulous layout that includes a spacious and cheerful sunroom overlooking a lovely patio. Check out the property website: http://kimberlywheaton.com/?search=generic-viagra-uk7000PoncedeLeon.com to see all the photos, maps, school info and more. Spanish Fort is a great place to live and offers convenient access to I-10 for those working across the bay in Mobile.