Backlogs in foreclosure processing are causing delays in home-price improvement and could wind up affecting the cost of a mortgage, thereby hurting Gulf Shores home buyers wanting to get a mortgage. As unpleasant as it is for everyone involved, when a borrower can’t — or decides not to — make payments, the more quickly you […]
Is Buying a Gulf Shores Home Cheaper Than Renting?
Is buying a Gulf Shores area home cheaper than renting? Since 1973, renting a home has been cheaper than buying according to a Harvard Joint Center for Housing Studies “2012 State of the Nation’s Housing” Report. But since 2008, these statistics have changed drastically. In 2008, buying a Gulf Shores area home fell below renting, […]
Buying a Gulf Shores Home – Think Long Term
Not long ago, buying a Gulf Shores home was the best investment you could make. Not only did it provide a place to live, but it provided instant wealth for many homeowners through rapid home-price appreciation. Renting seemed risky. If you didn’t own a Gulf Shores home, you’d miss out on equity buildup that would bankroll […]
Buying a Gulf Shores Home: Finding a Good Lender
When buying a Gulf Shores home, you’ll need a large sum of money, and not everyone can afford to pay cash when buying a home. The majority of home buyers need a mortgage to fund the purchase. The buyer would then pay off the debt within a fixed time set by the lender. Buying a Gulf […]
Gulf Shores Home Buying Tips for First Timers
Are your family and friends always telling you that now is the perfect time for you to invest in Gulf Shores real estate? Maybe you’ve already considered the benefits of home ownership. The decision you make regarding buying your first home can be risky, for sure, but if you’ll follow these simple tips, your nervousness about […]