Everyone has experienced buyers remorse at some point in their lives. A recent Chase Bank survey found that some Gulf Shores homebuyers would change some things about their home purchase if they had a second chance. Chase's survey, "What I Wish I Knew About the Homebuying Process," asked 807 recent homebuyers about their attitudes following […]
Gulf Shores Homebuyers Fear Tougher Mortgage Requirements
Gulf Shores homebuyers think credit access is about where it was two months ago. Perceptions remained largely unchanged with slightly more consumers thinking it will be either somewhat or much easier to get a loan a year from now. At the same time, more consumers said they think it will be much harder to obtain […]
Gulf Shores Homebuyers: Most Popular Features in New Homes
The biggest growing trend Gulf Shores homebuyers are looking for in new homes appears to be more space. According to data presented by the National Association of Home Builders (NAHB) at the International Builders' Show in Las Vegas, the size of new homes is up 13.4 percent in the last four years alone, with a […]
Gulf Shores Real Estate News – February 2014
In our Gulf Shores Real Estate News for February 2014: 7 Ways Gulf Shores Homebuyers Overpay 7 Ways Gulf Shores Homebuyers Overpay Gulf Shores homebuyers often undermine their own best interests and end up overpaying for a home. First-time homebuyers, as well as those looking in a hot market, are susceptible to overpaying because […]
Gulf Shores Homebuyers Looking for Winter Bargains
Prospective Gulf Shores homebuyers hoping to buy a home during the winter months say the lack of inventory is their biggest challenge, but many believe winter is a good time to buy because sellers are motivated to sell and more willing to negotiate. A survey recently conducted by realtor.com found that 45 percent of buyers […]
Move Up Gulf Shores Homebuyers Buying Again
More and more homeowners who were once underwater and unable to move are now seeing home equity levels improve. As these equity levels improve, more people are getting in position to become "move-up Gulf Shores homebuyers" once again. These move up Gulf Shores homebuyers are now able to provide a substantial down payment on a […]
Tight-Fisted Lenders Causing Gulf Shores Homebuyers Problems
Nearly half of all potential Gulf Shores homebuyers can afford the median-priced home in the area, but that’s not much help if they can’t get a mortgage. Six years after the subprime mortgage meltdown, banks remain tight-fisted, even with solid borrowers — a fact they attribute to shifts in government regulation and demands that they buy […]
New Credit Scoring Promises to Qualify More Gulf Shores Homebuyers
More Gulf Shores homebuyers should be able to qualify for a mortgage without the increasing risk to lenders that caused the big credit crunch. All of this should come about through more sophisticated credit risk scoring that uses alternative data, such as unsecured credit and property history in consumer credit report analysis. Traditional credit data […]
Gulf Shores Homebuyers – Know the FICO Rules
Gulf Shores homebuyers need to know the rules of credit reporting in this marketplace where lenders are demanding record-high FICO scores. Given the importance of maintaining high scores, we thought it would be helpful to go over the key rule concerning inquiries that affect Gulf Shores homebuyers, since Fannie Mae and Freddie Mac are now […]