The Gulf Shores/Orange Beach market can be a challenge for appraisers. Appraisers typically explore the comps in the building or surrounding area and determine the fair market value for the unit compared to those comparables. Seems simple enough as long as the market is stable; however, as appraiser usually doesn't take into account a rising or falling market, so he/she may not be able to appraise a property to meet the rising selling prices or desirability of the building.
For this reason, if an appraiser is able to justify the contract price, they will typically appraise the property at that value since fair market value is what a buyer is willing to pay for the property.... more
The last person to sign an AL purchase agreement could be the buyer or the seller, depending on the negotiating process. Once Buyer and Seller come to an agreement and both parties sign, the contract is considered executed.... more
Although some Sellers may be more inclined to reduce their selling price after the summer season, you will probably not see any drastic price reductions during the shoulder season. You may, however, have more to choose from as a buyer since many Sellers wait until after the season to put their properties on the market.... more
Prospective buyers need an agent who can walk them through the buying process from start to finish. We not only help our buyers find that perfect property to fit their needs, but also put them with local reputable experts for home inspections, lending services, insurance quotes, etc. New to the area? We're happy to help you get settled with suggestions for everything from a local doctor to the best restaurants!