Aug. 17, 2018

Daphne Homes for Sale - Buying Remains Cheaper Than Renting

Aug. 13, 2018

Are You Thinking of Selling Your Spanish Fort Home? Competition Is Coming!

 

Are You Thinking of Selling Your Home? Competition Is Coming! | MyKCM

The number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Sales Report, the number of building permits issued in June was 850,000, a 0.8% increase from May.

How will this impact buyers?

More inventory means more options. Mark Fleming, First American’s Chief Economist, explained that this is good news for the housing market – especially for those looking to buy:

“The continued year-over-year growth in completions means more homes on the market in the short-term, offering some immediate relief in alleviating housing supply shortages."

How will this impact sellers?

More inventory means more competition. Today, because of the tremendous lack of inventory, a seller can expect:

  1. A great price on their home as buyers outbid each other for it.
  2. A quick sale as buyers have such little inventory to choose from.
  3. Fewer hassles as buyers don’t want to “rock the boat” on the deal.

Bottom Line

If you are considering selling your house, you’ll want to beat this new competition to market to ensure that you get the most attention on your listing and the best price for your house.

 

Posted in Selling Your Home
Aug. 11, 2018

Why Getting Preapproved Should Be the First Step to Buy Your Spanish Fort Home?

Why Getting Preapproved Should Be the First Step to Buy Your Spanish Fort AL Home?

Aug. 11, 2018

Owning Your Daphne Home Can Help You Retire Sooner!

Millionaire to Millennials: Owning Your Daphne Home Can Help You Retire Sooner!
Millionaire to Millennials: Owning Your Home Can Help You Retire Sooner! | MyKCM

In a CNBC article, self-made millionaire David Bach explained that: “Buying a home in the Eastern Shore Towns of Daphne, Spanish Fort and Fairhope is the escalator to wealth in America. Homeownership can also help you retire early, that is, if you pay your mortgage off.

Bach suggests that homebuyers should, “Take out a 30-year mortgage, but with the intention of paying it off in 25, 20 or ideally, 15 years.”

How does he suggest you do this? Here’s the secret:

“…If you were paying $1,000 a month, now you’re going to make $1,100 payments every month. Inform the bank that you are doing this and that you want the extra $100 a month to be applied to the principal (not the interest).”

 

Aug. 11, 2018

Are Daphne AL Homes For Sale Affordable?

Are Daphne AL Homes For Sale Affordable?

Aug. 1, 2018

Three Things You'll Need to Get a Home Loan

Three Things You'll Need to Get a Daphne Home Loan!

Aug. 1, 2018

Thinking of Selling Your Eastern Shore Home? ACT NOW!

Thinking of Selling Your Eastern Shore Home? ACT NOW!

Posted in Selling Your Home
July 15, 2018

You DON'T Nees 20% Down to Buy Your Daphne Home!

You DON'T Nees 20% Down to Buy Your Daphne Home!

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July 11, 2018

Where Are Mortgage Interest Rates Headed For Daphne Homes For Sale?

Where Are Mortgage Interest Rates Headed For Daphne Homes For Sale?

Posted in Real Estate News
July 9, 2018

WHY YOU NEED A PROFESSIONAL WHEN BUYING YOUR EASTERN SHORE HOME?

WHY YOU NEED A PROFESSIONAL WHEN BUYING YOUR EASTERN SHORE HOME?