When couples these days head out to buy a Gulf Shores home, often times, down payment is the biggest hurdle. Most young people starting out today have not worked long enough to save to buy a house, even if they can swing the monthly payments. Loans from family members can cause problems however, and financial […]
Good Time to Buy a Gulf Shores Home Despite Seller’s Market
Gulf Shores home prices are rising at double digit rates. Inventories are at historic lows. Two out of five applicants for a mortgage don't qualify or are turned down. Yet nearly three quarters of all potential homebuyers say it's a good time to buy a Gulf Shores home. While some would argue its always a […]
Why Most Renters Can’t Afford To Buy a Gulf Shores Home
Many renters can't afford to buy a Gulf Shores home because they spend more than they make. In a recent survey of 1,000 U.S. renters by Rent.com, an astonishing 61 percent said they spend more than they make every month. If you're renting and hope to someday be able to afford to buy a Gulf […]
Cheaper to Buy a Gulf Shores Home Than Rent One
Buy a Gulf Shores Home Versus Renting One It’s cheaper to buy a Gulf Shores home than renting it. This stat holds true in most U.S. housing markets, according to the real estate site Trulia. The reasons: Gulf Shores home prices are still falling and mortgage rates have remained at or near historic lows for […]