Home Buying in Gulf Shores>Question Details

Geoff, Home Buyer in Wisconsin

Sailboat Bay Condos?

Asked by Geoff, Wisconsin Fri Mar 7, 2008

We're thinking of buying there. Any feedback would be appreciated. Thank you.

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Hello Geoff,

It's beautiful location popular with boaters and folks who love to fish and crab. If you are expecting to rent your unit out, the rentals in this area are not what they are on the beach in Gulf Shores and Orange Beach. If you're going to live here, it is a peaceful and quiet location without the beach traffic to contend with.

As mentioned by Vicki, there are foreclosures for sale in Sailboat Bay. Be aware of how that has affected values before you make an offer. I recommend that you hire a Buyer's Agent. It's not in your best interest to do your negotiating with the same real estate agent that has a unit listed for sale.

I also recommend before you make any offer, request a copy of the condo documents and the Owner's Association Rules and Regulations, plus the current and last three years association budgets. This will give you a good picture of the financial health of the condo association and reveal what expenses the dues are being spent for. There should be substantial financial reserves in the bank to cover building depreciation items, such as replacing the roof. If not, be very wary, because adequate reserves are required by law. Any shortage needs to be explained.

I'm thinking that winter in south Baldwin County will sure beat winter in Wisconsin! Best wishes, Dan
0 votes Thank Flag Link Wed Mar 26, 2008
Beautiful view of the bay. There is about 20 different units for sale there. I even saw a couple of foreclosures. it depends on what you are looking for. What type of view bay, marina, pool and I think i saw one that said gulf view. The size ranges form 2/2, 3/2 and 3/3. If you have more question give me a call , I will be glad to help.
Vicki Bishop
251-421-8398
1 vote Thank Flag Link Fri Mar 7, 2008
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