Swiger & Company, Realtors
David and  Angie Swiger

   

229 East 20th Ave.
Suite #1
Gulf Shores, Al.
36542

Phone: (251)609-2973
Fax: (251)968-2571
  

Make your dreams come true! Seas The Day!

(David) 251-609-2973
(Angie) 251-609-2873

 E-mail: SeasTheDay@gulftel.com
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 Swiger & Company, Realtors

 

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We're very excited here on our beautiful Gulf Coast about 2010 and all of the opportunities that it has had. If you're like David and I, you are probably making plans and goals and possibly making some changes. Our market is primed and ready to go. NOW is the time for opportunities in buying property. There are many properties on the market which means that Buyers will have a lot to choose from in any given price range.  Those interested in foreclosures and short sales need to get pre-approved first.  You must provide a letter from your lender with any purchase offer on these properties.  Local markets have properties available for sale from under $50,000 up to over $1 Million.  There's truly something for everyone.

If you're thinking about selling,  you're going to be competing against foreclosures and short sales, so price is the key,
so a message to Sellers, be prepared to Price it Right! If you don't need to sell now, you may want to hold off until prices start to creep back up. Buyers are looking for bargains. We currently have 56 properties listed, sold 29 properties in 2009, and have already sold 4 properties in 2010!  Three sales were commercial properties.  There is also a great opportunity here.  If you've dreamed of owning a business at the beach, you can probably find an established business for sale at a reasonable price.


Serious showings have increased throughout 2009-2010. Again, Sellers just need to be in the perfect position for the next prospective Buyer by having the right look at the right price. There are Buyers, but they are looking for bargains.

We are hearing rumblings of increased calls to local construction companies from developers interested in moving forward with unfinished projects. This is usually a good sign that the economy is starting to move.
Our outlook for Spring 2010?
Slow, but steady.
David and Angie have sold and closed 29 properties in 2009 and have already closed 18 in 2010!
Our aggressive marketing and service oriented philosophy can make your dreams come true!
Let us help you today!  Seas The Day!

************

The Top Ten Reasons It's a Great Time To Buy Real Estate!

by Paul Pastore

 
  1. Selection, selection, selection. There are about 57,000 resale homes on the market in Maricopa county(Phoenix). Regardless of the price range a buyer desires, there are plenty of houses from which to choose. Just a few years ago the resale inventory dropped below 5,000 units. A buyer was forced to make compromises if they were going to locate the home of their dreams. There is a great selection of attached homes, condos, and townhouses. You can find large lots, small lots, and a lot that will accommodate your boat or RV. There are lots of options in this market.

  2. No Bidding Wars. In 2005 we had one client that made an offer on ten homes. They lost the first nine to the 'feeding frenzy' that existed. Other buyers bid the properties up substantially from the original listing price. There were escalation clauses where buyers authorized their agents to outbid other offers by thousands of dollars. There is no competitive bidding in this buyer's market.

  3. You can make an offer. A few years ago when you made an offer, the only question was how high above the list price could the buyer reach in hopes of being the best offer on the table. Today the sell price list vs. price ration is about 96%. A seller will not be insulted if you 'make them an offer they can't refuse'.

  4. Patience is tolerated. In the hot seller's market that existed everything was rushed. Find a house before other buyers did. Hurry up and make the offer.  Today a buyer can take their time. Look at several homes and think about your decision for a few hours.

  5. Due diligence is welcomed. In this market a buyer is encouraged to obtain a home inspection, termite inspection, and appraisal. In 2005 many buyers waived these contingencies in order gain an advantage with multiple offers.

  6. There are plenty of specs. In the not too distant past buyer had to 'play games' if they wanted a new home. There were lotteries and waiting lists in order to obtain new construction. Some buyers slept in their cars in order to get to the head of the lines. R.L. Brown estimates that builders have thousands of specs ready for immediate occupancy.

  7. Repair requests are welcomed. After a buyer completes a home inspection, they are allowed to submit a repair request to the seller. In the past a seller might insist the home was sold 'as is'. Many times, there were back-up buyers waiting for a primary buyer to upset the seller whose home was increasing in value almost daily.

  8. Few, if any investors. It is estimated that one third of all sales in 2005 were to investors. These non-owner occupied buyer caused the market to inflate and affordability to decline. Mortgage fraud became commonplace. It's a great time to buy without having to compete with hundreds of prospective landlords.

  9. Location, location, location. Today's buyers can find homes closer to work. In the past buyers flocked to Maricopa and Queen Creek in order to find affordable homes. In this market, reasonably priced homes are within biking or walking distance to schools, rapid transit lines, and relatives.

  10. Real Financing is available. The 'wink, wink' zero down, no doc, adjustable, sub-prime loans are gone. Fixed rates are back. FHA financing, first time homeowner bond programs, special loans for teachers, and police officers are back in business. It's a great time to buy real estate!

Market Report --6 Month Period

Report Generated For: 6/01/09 - 12/31/09
Office: All Offices
1/18/2010 5:09:49 PM
Area: Orange Beach, Gulf Shores-N ICW, Gulf Shores-S ICW, Fort Morgan
Residential Monthly Sold Report

Residential

Condo/Multifamily

Active Listings

Sales Pending

Bedrooms

Bedrooms

Avg

Residential 

Condo/Multifamily

Residential 

Condo/Multifamily

Price Range:

2-

 3

4+

Total

2-

 3

4+

Total 

DOM

End of Month

End of Month

0 - 29,999 0 0 0 0 0 0 0 0 0 0 0 0 0
30,000 - 39,999 0 0 0 0 0 0 0 0 0 0 0 0 0
40,000 - 49,999 0 0 0 0 0 0 0 0 0 0 0 0 0
50,000 - 59,999 0 0 0 0 0 0 0 0 0 0 0 0 0
60,000 - 69,999 2 1 0 3 0 0 0 0 59 0 0 0 0
70,000 - 79,999 1 0 0 1 3 2 0 5 220 0 0 0 0
80,000 - 89,999 0 1 0 1 1 0 0 1 108 0 0 0 0
90,000 - 99,999 0 1 0 1 4 0 0 4 83 0 0 0 0
100,000 - 119,999 2 4 0 6 3 1 0 4 205 0 0 0 0
120,000 - 139,999 0 5 1 6 14 2 0 16 147 0 0 0 0
140,000 - 159,999 1 4 0 5 8 2 0 10 200 0 0 0 0
160,000 - 179,999 1 1 1 3 3 0 0 3 299 0 0 0 0
180,000 - 199,999 0 3 1 4 4 1 1 6 172 0 0 0 0
200,000 - 249,999 0 3 3 6 16 5 0 21 206 0 0 0 0
250,000 - 299,999 3 2 0 5 21 4 0 25 212 0 0 0 0
300,000 - 399,999 0 3 3 6 27 15 0 42 219 0 0 0 0
400,000 - 499,999 0 2 1 3 3 18 1 22 298 0 0 0 0
500,000 - 749,999 0 4 6 10 0 106 3 109 45 0 0 0 0
750,000 - 999,999 0 0 0 0 0 2 33 35 13 0 0 0 0
1,000,000 - 1,249,999 0 0 0 0 0 0 1 1 66 0 0 0 0
1,250,000 - 1,499,999 0 0 1 1 0 0 0 0 165 0 0 0 0
1,500,000 - 1,999,999 0 0 1 1 0 1 1 2 195 0 0 0 0
2,000,000 - 2,999,999 0 0 0 0 0 0 0 0 0 0 0 0 0
3,000,000 - 99,999,999 0 0 0 0 0 0 0 0 0 0 0 0 0
Totals: 10 34 18 62 107 159 40 306 137 0 0 0 0

Time on Market Analysis

For Units Sold

Days

Residential

Condo/Multifamily

Total
0 - 30 5 104 109
31 - 60 10 29 39
61 - 90 8 25 33
91- 120 6 22 28
121+ 33 94 127

Type of Financing Analysis

For Units Sold
Financing

Residential

Condo/Multifamily

Total
Conventional 33 127 160
Vendor's Lien 1 3 4
Cash 23 169 192
Land Contract 0 1 1
FHA 4 0 4
Owner Financing 0 3 3
Other 1 3 4

Total New Listings During This Time Frame

1,310
Median Sold Price

$399,950
Average Sold Price $459,227
Average Days on Market 137
Total Sold Dollar Volume Residential $18,808,182
Total Sold Dollar Volume Condo/Multifamily $150,187,530
Total Home Sales Sold Dollar Volume $168,995,712

 

 

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