Move-Up Home Buyers Rejoice!

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.

Resource credit goes to Keeping Current Matters.

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We Are Selling A Lot Of Real Estate!

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.

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24 Speckle Trout Route Spanish Fort AL Home For Sale

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.

Check out the property website: SpeckleTroutRoute.com

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Under Contract in Robertsdale AL

Tia Stanley Team | Home Under Contract | Robertsdale AL

The Tia Stanley Team with RE/MAX BY THE BAY has another home under contract. This is a great property located in Robertsdale, AL that has just over an acre and terrific layout, that includes a complete upstairs suite. Check it out here: 20459Hwy90.com

20459 Hwy. 90 Robertsdale AL 36567

Beautiful home with over an acre and a pond.

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Baldwin County AL February 2010 & 2011 Home Sales

As you can see below, in comparing February 2011 sales in Baldwin County, Alabama to February 2010 there has been a 9.51% drop in the average home selling price year-to-year. On the positive side we had 888 fewer homes listed (inventory) as the same time last year which equates to a 13 month supply of homes versus 22 months of supply. This is an improvement in the right direction to eventually become a seller’s market, which happens when we have a 6 month or less, inventory. It is also encouraging to see a rise in the number of sales from 209 to 279 for the month of February, and the days on market are relatively similar. 

Baldwin County

 Area

Current Data

Feb-2011

Compared To

Feb-2010

% Change

Median Home Price $175,000 $150,000 16.67%
Average Home Price $219,315 $200,270 9.51%
Units Listed 3662 4550 -19.52%
Months of Supply 13 22 -39.83%
Total # Sales 279 209 33.49%
Days on Market 188 180 4.44%
Market Type Buyers Buyers  

 The above data and % change is provided to illustrate the “general” market direction & trends when comparing a prior date with the most current residential data available. Real estate is local and ACRE recommends that you consult your local realtor for “specific” advice associated with your market. Information obtained from ACRE-The University of Alabama.

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Open House in Fairhope AL 3/20/2011 2:00-4:00

Home For Sale in Fairhope AL
OPEN HOUSE SUNDAY MARCH 20, 2011

SCAN WITH YOUR SMART PHONE QR CODE READER FOR MORE INFO.

 
or
View property website by clicking here: http://9629watkinsdrive.com/
 
Open House by:
 
 Marie Smith, BROKER ASSOC., CRS, GRI
251-455-3691
RE/MAX BY THE BAY

26 Years of Excellence in Service

Search for all properties in Baldwin County here:

 

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105 Pinetop Circle, Fairhope AL 36532

One of the most competitive priced homes to be found in the exclusive Woodlands At Fairhope subdivision. Move in ready with 5 large bedrooms, master is downstairs. Every bedroom has large walk-in closets. Living room, den & formal dining room. Beautiful archways and stained concrete floors. Double laundry rooms, large pantry, built-ins around fireplace and built-in desk center in kitchen as well as additional office. Kitchen has granite countertops including 8 foot island with seating, gas range, composite sink, breakfast room. Oversized double garage & back patio. Click for TOUR.

Conveniently located near downtown Fairhope & pier, shopping, medical centers, schools, restaurants, art museums, and more.

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Unemployed? STOP Foreclosure!

As a REALTOR, I speak with many families in hardship and facing foreclosure. This is a heartbreaking situation often due to circumstances beyond your control. These circumstances can seem traumatic and have a lasting impact, taking years to recover. As a homeowner in trouble, you cannot ignore the letters and the calls. You must be proactive and seek out your options. You are not alone and many people are wearing the same shoes.

On February 2, 2011 Gov. Bentley announced the Hardest Hit Alabama fund (HHA), which will provide up to $162 million toward foreclosure prevention for Alabama homeowners who are eligible for unemployment compensation.

This grant was awarded to the Alabama Housing Finance Authority and authorized through the Emergency Economic Stabilization Act of 2008 which is available in 18 states and District of Columbia.

HHA will provide up to 12 monthly payments to eligible households, not to exceed $15,000. Funds are available on a first-come-first-serve basis until depleted.

The requirements for eligibility are:

  • You must be eligible for unemployment compensation benefits
  • Your total annual household income is less than $75,740 at time of application
  • The amount you owe on your home mortgage is no more than $258,690
  • Must occupy the home as a primary residence in the state of Alabama

What you will need to have:

  • Mortgage Loan Information
  • Unemployment Compensation Information
  • Financial Information

If you or someone you know may qualify, go to THE HARDEST HIT ALABAMA site to apply or call  Hardest Hit Alabama hotline at 877.497.8182 for free assistance.

Note: There are NO FEES to apply for this assistance. If you are contacted by someone offering to assist you for a fee, do not speak with them. Instead contact HHA at the above number.

Don’t lose your home without exhausting all of your options. If you do not qualify, but want to talk about a possible short sale (pre-foreclosure) of your home, please contact us through the RE/MAX website  TiaStanleyTeam

Hardest Hit Alabama

Help for Unemployed Homeowners

Information obtained from The Hardest Hit Alabama website.

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New Guidelines for USDA Home Loans

Effective October 1, 2011, USDA will decrease the upfront Guaranty Fee from 3.5% to 2.0% for new purchase transactions. However, at this time USDA will be adding an annual fee that will be paid monthly by the borrower, which is similar to FHA. The new annual premium will be based on .30 basis points on the unpaid principle balance, to be paid in monthly increments.

USDA loans are a great loan if you and the property qualify. In our area of Baldwin County, basic guidelines are that the home you are purchasing must be outside of the city limits of Fairhope, Daphne and Spanish Fort, Alabama. Of course, there are other requirements including income, so talk to a lending specialist for details.

Special thanks and credit to Sherry Peoples with Mortgage America, Inc.  for keeping us informed of these important changes.

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Is It Really Cheaper to Own?

 According to the popular home search website  Trulia, in 72 % of the largest U.S. Markets which compares median home sales prices to the median rental rates, it is actually cheaper to own.

This follows the law of supply and demand as the demand for rentals increases, so to does the rental rates. Of course, this is true in some markets and not in others, so it is worth investigating to see what your best options are. Why rent if you can own for the same or less? You should start with speaking to a mortgage lender or a REALTOR to get a clear picture of your situation.

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