Renting a Gulf Shores house used to be a popular choice over buying because it was cheap. Today, 1 out of 3 people pay rent for a 3-bedroom home that is more than 30% of their monthly median income, according to RealtyTrac. So why do people continue renting a Gulf Shores house instead of buying, […]
Buying a Gulf Shores Home Instead of Renting
Buying a Gulf Shores home instead of renting pays off, on average, in about three years. That’s a national average, but seems to hold true in most markets across the nation. This, according to a new analysis from real estate website Zillow.com. The analysis that Zillow calls the “break even horizon” compares what it costs […]
Does Renting a Gulf Shores Home Really Make Sense?
Does renting a Gulf Shores home really make sense? Your option of buying a Gulf Shores home versus renting, with home prices being low, plus some of the lowest mortgage rates in 30 years, makes owning a Gulf Shores home more like a savings account… If you’d like to find out if buying a Gulf […]
Losing Your Gulf Shores Home – Finding a Place to Live
If you are in the unfortunate financial position where you are losing your Gulf Shores home due to foreclosure or short sale, your credit score is probably going to take a pretty hard hit. In “normal times,” this could make it really tough to rent your next place of residence. Luckily, these are not “normal times” […]