Sunset Villas in Orange Beach
Sunset Villas is a luxurious condominium complex located in the heart of Orange Beach, Alabama. Set along the stunning Gulf Coast, this community offers breathtaking views of the Gulf of Mexico and the surrounding area.One of the standout features of Sunset Villas is its prime location. Located just steps from the beach, residents can enjoy easy access to the white sandy shores and crystal clear waters of the Gulf. In addition, the complex is within easy reach of a variety of shopping and dining options, making it a convenient place to call home.The condominiums at Sunset Villas are spacious and well-appointed, with a range of luxurious features and finishes. Each unit includes a fully equipped kitchen, comfortable living and dining areas, and private balconies with breathtaking views. Some units even feature private hot tubs and outdoor grilling areas.In addition to the individual units, Sunset Villas also offers a range of amenities for residents to enjoy. These include multiple swimming pools, a fitness center, a sauna, and a game room. There is also a gazebo and a covered picnic area, perfect for relaxing with friends and family.If you’re in the market for a luxurious beachfront property, Sunset Villas is definitely worth considering. With its stunning location and top-of-the-line amenities, it’s the perfect place to call home. Check out more properties in the Sunset Villas here- https://southernstatehomes.com/AL/Sunset-Villas,Orange-Beach Reach out to Jeremy Galloway with Southern State Homes with any additional questions you may have- 205-605-9432 | Jeremy@southernstate.co
Negotiating For Top Dollar
Preparing your house to be put on the market can be an exhausting and emotional process. However, the stress of getting financially prepared to put money into it or the actual process of dumping a ton of money into it, is all worth it once those offers come rolling in. But, the process of selling your home doesn’t stop there. The hard part of selling a home has only just begun: negotiations. Negotiating the best deal when selling your home depends on several factors and is much easier when you have one of our trusted agents by your side. Most offers aren’t great and aren’t terrible, but rather lie somewhere in between, and the price is only one piece of the puzzle. That’s why it’s important to understand the underlying conditions in your sale, so you can see what the trade-offs really are. Once you’ve received an offer, take charge and direct the proceedings. Price is typically the number one concern for both buyers and sellers. If you put a ton of money into the house, you’ll obviously want to make that much plus some. You won’t want to accept a potential buyer’s initial bid on your home. Buyers expect some back-and-forth, so their initial offer will probably be lower than your list price, but also lower than they’re actually willing to pay for your home. Most sellers counter the first offer with a price below their list price because they’re afraid of losing the potential sale. While you want to remain flexible and open to striking a deal, this strategy will only sell your home quickly– but not at top dollar. Instead of dropping down to something close to the buyer’s offer, counter at your list price. Assuming that you’ve priced your property fairly, to begin with, countering at your list price tells the buyer that you know what your property is worth. Buyers will likely be surprised by this strategy, but it will weed out any lowballers and those interested in a deal rather than the property. If playing this hard with price seems intimidating, try countering slightly below your list price (think in $1,000 increments). You can also soften your counteroffer in other places, so you don’t scare off the buyer too quickly and show that you’re willing to work with them. It is imperative that you listen carefully to what the other side is offering so that your decisions are informed. If you’ve already done your research and priced your home correctly, the odds are likely in your favor. However, many negotiations fall apart simply because one side or the other doesn’t understand exactly what is being put on the table. Remaining well informed and detail oriented during negotiations will put you in a better position in the end. Whenever you are in a negotiating situation, you must maintain realistic expectations. After all, it is rare that you will get everything you want while negotiating. Before sitting down to the table, think about what you are willing to give up and what is an absolute deal breaker. That way you are prepared to make a decision when the time comes. Just remember everything is negotiable. If you’re willing to carry back some of the financing, you may agree to their proposed terms, but change the length of the loan or the interest rate. Try to understand the buyer’s motivation, especially if you have limited offers. While you want to get the best price for your home, there are some instances where it’s beneficial to just split the difference. Remember, the longer it takes to sell your home, the longer you have to drag out the process—and pay the mortgage. A smart negotiator knows when it’s time to call it. The key to executing any negotiating strategy successfully is offering an exceptional product worth fighting over.
Your Questions Answered
1. What is the first step in the home buying process? Getting pre-approved for a mortgage is the first step in the home buying process. Getting a pre-approval letter from a lender gets the ball rolling in the right direction. First, you need to know how much you can borrow. Knowing how much home you can afford narrows down online home searching to suitable properties, thus no time is wasted considering homes that are not within your budget. Second, the loan estimate from your lender will show how much money is required for the down payment and closing costs. You may need more time to save up money, liquidate other assets, or seek mortgage gift funds from family. Finally, being pre-approved for a mortgage demonstrates that you are a serious buyer to both your real estate agent and the person selling their home. Looking for a mortgage lender? We highly recommend Weber Mortgage. 2. What is a seller’s market? In sellers’ markets, increasing demand for homes drives up prices. Here are some of the drivers of demand: Economic factors – the local labor market heats up, bringing an inflow of new residents and pushing up home prices before more inventory can be built. Interest rates trending downward – improves home affordability, creating more buyer interest, particularly for first time home buyers who can afford bigger homes as the cost of money goes lower. A short-term spike in interest rates – may compel “on the fence” buyers to make a purchase if they believe the upward trend will continue. Buyers want to make a move before their purchasing power (the amount they can borrow) gets eroded. Low inventory – fewer homes on the market because of a lack of new construction. Prices for existing homes may go up because there are fewer units available. 3. What is a buyer’s market? A buyer’s market is characterized by declining home prices and reduced demand. Several factors may affect long-term and short-term buyer demand like: Economic disruption – a big employer shuts down operations, laying off their workforce. Interest rates trending higher – the amount of money people can borrow to buy a home is reduced because the cost of money is higher, thus reducing the total number of potential buyers in the market. Home prices drop to meet the level of demand and buyers find better deals. Short-term drop in interest rates – can give borrowers a temporary edge with more purchasing power before home prices can react to the recent interest rate changes. High inventory – a new subdivision can create downward pressure on prices of older homes nearby, particularly if they lack highly desirable features (modern appliances, etc.) Natural disasters – a recent earthquake or flooding can tank property values in the neighborhood where those disruptions occurred. 4. What kind of credit score do I need to buy a home? Most loan programs require a FICO score of 620 or better. Borrowers with higher credit scores represent less risk to the lender, often resulting in a lower down payment requirement and better interest rate. Conversely, home shoppers with lower credit scores may need to bring more money to the table (or accept a higher interest rate) to offset the lender’s risk. 5. How much do I need for a down payment? While the broad down payment average is 11%, first-time homebuyers usually only put down 3 to 5% on a home. That’s because several first-time homebuyer programs don’t require big down payments. A longtime favorite, the FHA loan, requires 3.5% down. What’s more, some programs allow down payment contributions from family members in the form of a gift. Some programs require even less. VA loans and USDA loans can be made with zero down. However, these programs are more restrictive. VA loans are only made to former or current military service members. USDA loans are only available to low to-middle income buyers in USDA-eligible rural areas. For many years, conventional loans required a 20% down payment. These types of loans were typically taken out by repeat buyers who could use equity from their existing home as a source of down payment funds. However, some newer conventional loan programs are available with 3% down if the borrower carries private mortgage insurance (PMI).
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