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.”

Gulf Coast Opportunities Fund paves way for new subdivision

29 Sep 2014 · Bellator Blogger

A large, previously abandoned subdivision in Daphne was purchased in 2012 by Gulf Coast Opportunities Fund for $1.8 million and is almost ready to go on sale. The Reserve The Reserve logo subdivision entails a master plan that will cover more than 380 acres and have over 460 lots. The previous developer was already 85% finished with the subdivision when he abandoned it nine years ago, therefore, the lots are expected to go up for sale soon. Since the purchase, the subdivision has been improved by Gulf Coast Opportunities Fund – The Reserve at Daphne LLC. Each phase of the project will have to receive approval from the Daphne planning board. Out of the more than 360 acres, it is expected to have 102 acres of wetlands, 40 acres of uplands and 17 acres of detention.

The Gulf Coast Opportunities Fund was formed in 2012 by Mobile natives and partners Nathan Cox, Cullen Thompson, Billy Stimpson and Ralph Reynolds. Nathan Cox is the owner of Bellator Nathan Cox Real Estate & Development LLC and Truland Homes in Spanish Fort. Cullen Thompson, Billy Stimpson and Ralph Reynolds are the founders of Bienville Capital Management. They began the fund to purchase properties on the Gulf Coast of Alabama, Florida and Mississippi at distressed prices and started by raising $150 million to put towards their purchases. Some of the other purchases the GCOF has made include the $2 million purchase of the Fairhope Falls subdivision, a $1.4 million purchase of 395 undeveloped acres in Gulf Shores, the $5.7 million purchase of 1,437 acres in Loxley’s former “Golden Triangle” area, and many more.

Alabama Homebuilder features Truland Homes’s 2013 “Showcase stunner”

13 Jan 2014 · Bellator Real Estate

showcase stunner The 2013 Baldwin County Home Builders’ Association Parade of Homes was a monumental success last year. The parade was open on Sept. 28th-29th and Oct. 5th-6th 2013, and over 3,500 people visited the stunning, 4,540 square foot Showcase Home built by Truland Homes. The home was considered such a unique piece of old-world charm with modern flare that Alabama Homebuilder magazine featured the project in its latest issue.

In the feature, Truland Homes President Tom Stokes discusses raising the bar in the Baldwin County new construction market to reflect the progress of the housing recovery. Browse photos of the many surprises in this home, and read about every unique feature from the reclaimed Old Chicago brick exterior to the built-in wine room off the entry.

All Truland Homes are proudly marketed by Bellator Real Estate, and the 2013 Showcase Home was sold by Bellator’s top-producing team, the Beckham Partners.

Read and share the Winter 2013 issue of Alabama Homebuilder here: Winter 2013 Issue Online

Download the PDF here: Alabama Homebuilder Truland Homes Feature