It’s a seller’s market: Why NOW is a good time to put your house up for sale

10 Nov 2014 · Bellator Blogger

The real estate market is looking like it’s making a comeback after the previous years of economic recession. Now, the market has shifted to become a seller’s market and it’s an ideal time to sell your house and make a profit. A seller’s market signifies that there is high demand for houses but a low supply of houses up for sale. For example, the number of active listings in Daphne, AL dropped by 2.1% from the previous month. There are usually several buyers trying to purchase a specific property, therefore, the price is driven up. In Daphne, the current median listing price is just over $234,000. Ultimately, this means that buyers will have to spend more in order to purchase the home they want and sellers will receive a great price on their home.

Why is it a seller’s market?

  1. Average home prices are on the rise
  2. Housing inventory is at a premium – meaning your house is one of the few available
  3. Mortgage rates are increasing, but they are still at all-time lows
  4. Houses are spending fewer days on the market 

All of these points lead to now being the perfect time to list your home and Bellator Real Estate & Development is prepared to walk you through all the steps in doing so. We currently have over 90 REALTORS® in six office locations throughout Lower Alabama. From Saraland, AL to Orange Beach, AL, our agents have the means of spreading the word about your listing over a vast area and range of buyers. Besides local office presence, Bellator has a large web presence to share listing information, consisting of virtual tours, personal listing websites, and social media accounts.

The first step when thinking about selling your house is to find out what it’s worth. You can get this step out of the way by generating a Comparative Mother and children outside home for rent Market Analysis (CMA) for your property. A CMA will help you determine how your house will sell against competitors. It will provide you with the best and highest price that you should sell your home at, in comparison with other homes that are currently listed in your area and homes that were recently sold. After doing this, you should reach out to an agent to help with analyzing the information and to get a solid estimate of what your home is worth.

Check back with us next week for our next step in our series of “It’s a seller’s market.”

Mobile, Alabama’s economy is on the rise

24 Oct 2014 · Anna Phillips

Bellator Real Estate & Development is eager to serve you in Mobile! Since 2013, Bellator has been available on the second floor in the Regions Bank building in the heart of West Mobile, prepared to help you make Mobile your home. Our Mobile office location is home Mobile Office to broker, Don Jones, and more than 15 experienced agents who can provide you with residential and commercial real estate services.

The city of Mobile has taken off within the last couple of years and is still rapidly reaching new heights. From numerous charity events and runs, fairs and festivals, new restaurants and businesses, and much more, Mobile is constantly expanding. Downtown Mobile has recently hosted multiple charity runs, including the Down Syndrome Society of Mobile County’s Buddy Walk, the Walk to Stop Diabetes, The Color Run, and many others. Mobile City Everything from BayFest Music Festival, the Greater Gulf State Fair, Greek Fest and Mobile’s International Festival can also be found in Mobile each year, and are only a few of the popular fairs and festivals that the city of Mobile has to offer. The city also recently welcomed Airbus and an Alabama Aviation Training Facility into town, along with many other new businesses. ArtWalks, fresh markets with local vendors, diverse cuisine and a historic scene also adds to the unique and thriving culture of Mobile. Its rich history and being the 12th largest port in the United States are two things the city is widely recognized for.

Along with the commercial and economic growth Mobile is experiencing, the Mobile real estate market has been steadily improving since the economic decline. Homes in the area are averaging $190,000 and productivity and income are on the rise, as stated by the Mobile Chamber of Commerce. In the midst of Mobile’s exciting growth, our agents are readily available to help you find the perfect home for you.

Daphne, Fairhope & Foley areas attracting millennials

12 Aug 2014 · Bellator Blogger

Millennials, or the millennial generation, can be defined as the segment of our population ranging 18-34 years old that were born roughly between 1980 and 2000. Oftentimes, millennials are the children of the baby-boomer generation. The millennial generation is also sometimes known as Gen Y or the Net generation, as they were born during the time of numerous technological advances. In many cases, they are seen as financially unstable, due to debt from student loans, low-paying jobs, and unemployment.

A recent article by builderonline.com stated that Daphne, Fairhope, and Foley, Alabama were Millennial homebuyers ranked number four in the list of top ten markets that are attracting millennial buyers. Ranked not far behind three other markets, the Daphne, Fairhope, and Foley areas have increased in closings with millennial buyers by a solid 12.8 percent. Ranked first was Honolulu, Hawaii, which had a 26.6 percent increase in millennial buyers, second was Birmingham, Alabama, with a 23.9 percent spike, and in third place was Palme Bay, Melbourne, and Titusville, Florida, with a 15.7 percent increase.

(more…)