The real estate market in Baldwin County, including the cities of Spanish Fort, Daphne, Fairhope, Foley, Gulf Shores, and Orange Beach, is hot!
Here are 5 Reasons why listing your home for sale this Spring (2017) makes total sense:
- Demand is Strong
Technically we're still in a buyer's market with buyers still getting a little under the seller's listing price (in general). However, even though inventory is under an 8 month supply, the number of potential buyers continues to grow. Lower Alabama, especially Baldwin County, attracts buyers from all over the country due to our national location and proximity to the Gulf of Mexico. We are continuing to see an influx of new property owners who are enticed by lower taxes, warm weather, laid back atmosphere, and the growing economy of Baldwin County. - There is Less Competition for Great Looking Homes
The housing market still favors the buyer in Baldwin County with both single family homes and condos. Check out a recent study that I created detailing homes that sold in the major cities of Baldwin County. You'll find that in every market in the county, the selling to listing ratio is under 100%. This means that buyers are able to successfully negotiate a sales price that is under the listing price (2-4% average). So, overall there are fewer buyers than needed to satisfy the current inventory of homes. If you're home looks great and its in a good location, you could quickly sell your home. - The Home Selling Process Will be Quicker
Fannie Mae is predicting an influx in home sales later this year which will create a major back up with lenders and title companies. By selling this spring, you could easily see a closing period of 30-45 days once you're under contract. - Timing is Great
If you are wanting to sell in order to move into a larger or more expensive home, prices are expected to increase overall by 4.7% this year. Timing could never be more perfect for selling your home so you can purchase your next property at a lower price. Plus, if you are financing your next purchase, you can still take advantage of 4% financing and we are never sure when rates will increase. - Moving On with Your Life
We all have our own reasons to sell our home but oftentimes we procrastinate or just hold out for certain things to happen. You can only be the one to weigh out what's more important to you. Is waiting to sell (to hopefully get a few more dollars) more important than finally moving into that perfect retirement home? Here's a good one.....You've been thinking about selling your lower priced, smaller Gulf front condo so you can buy a larger one that will reap you better investment revenues. Why wait?
Please contact me if you're thinking about selling your home or condo in Baldwin County. I'd love to work with you to help you weigh out your options.
Jeff Nelson
Bellator Real Estate & Development
251-654-2523
jeff@livegulfshoreslocal.com
Downtown Fairhope
