Foreclosed beach homes might be what some people have been on the search for, regardless if they’re looking for a deal or not. While these properties are out there, they’re rarer than you might realize. Glenn Phillips, CEO of Beach Homes Realty, delves into this topic a little more with the following points.
NOT the 2008-2009 Market: Money flow during this time involved a plethora of factors. Not to mention people were having trouble obtaining mortgages. This is not the same situation anymore.
Interest Rates Affecting Sellers: Many mortgages now simply aren’t the adjustable rates that were present once. People are able to obtain lower interest rates. Now, this ultimately makes the home more affordable as opposed to the years prior.
Lenders are Better Positioned: Lenders today are a lot more likely to work and be willing to help somebody that truly needs it. They aren’t in this rocky position they were in more than a decade ago. Despite the economy, somebody selling their beach home will more than likely be able to make some money off of it. With the market being strong, there isn’t a reason to rush to sell a property.
Majority Do Not Have a Mortgage: Most people obtaining beach homes don’t have a mortgage. With no mortgage, there is no foreclosure. This results in not many beach homes actually being foreclosed in the first place.
If you’re still in search of your dream beach home, reach out to our beach experts here at beach-homes.com. Even though the chances of encountering a foreclosed beach property are slim, Beach Homes Realty’s expert agents are ready and willing to assist with any and all questions pertaining to beach real estate! You might just be surprised by what type of deal they are able to help you find.
BIRMINGHAM, Ala. (July 12, 2023) – Alabama-based agent Lisa Gaither has moved her real estate license to Beach Homes Realty – a national beach-focused real estate company.
With the brokerage, Gaither will specialize in beach homes and land on and around Dauphin Island, Fairhope, and Daphne, Alabama.
About Lisa Gaither
Gaither has always lived near the water. It is where she feels the most spiritual, and it is where she believes time stands still. The beach offers a simple life, less stress, and a relaxed atmosphere for Gaither. Now, with her help, it can feel like that for you too.
Having grown up in a Military family, Gaither has had the opportunity to reside in various locations. Throughout her childhood, the presence of water remained a constant, whether it was the beach or a lake. Gaither cherishes the memories of her time in Virginia, where she would embark on trips to the beach, indulging in the joy of picking blackberries amidst the dunes and collecting conch shells to listen to the soothing waves. As she matured, the allure of the seashore beckoned her. Driven by her passion, she decided to pack her belongings and relocate to Dauphin Island, where she now sells the dream of coastal living.
“We believe our agents’ intimate knowledge about their beach real estate markets, nuances of the beaches themselves, and their involvement in the local beach community is paramount to our continued growth,” said Beach Homes Realty CEO Glenn S. Phillips. “By welcoming agents like Lisa to our team, we are able to offer outstanding customer service in the Dauphin Island, Fairhope, and Daphne areas.”
Selling a beach home yourself can be a rewarding experience, allowing you to take control of the process and potentially save on commission fees. However, it’s crucial to be aware of the risks involved and take proactive steps to avoid them. Beach Homes Realty’s CEO, Glenn Phillips, uncovers the understanding that mitigating these risks can increase the chances of a successful sale.
1. Fair Housing Laws: It’s crucial to understand and comply with fair housing laws to avoid any discriminatory practices during the selling process. Familiarize yourself with the laws and regulations to ensure you treat all potential buyers fairly and avoid legal complications.
2. Evaluating Multiple Offers: When selling a beach home, carefully evaluate multiple offers considering factors like price, financing, contingencies, and terms. Make an informed decision and choose the one that aligns with your goals and requirements.
3. Inspecting Contingencies: Buyers often include contingencies in their offers, like home inspections, appraisals, or seller disclosures. Reviewing and understanding these ensure they align with expectations and limitations. Responding timely and addressing issues can facilitate a smooth transaction.
4. Loan Contingencies: Buyers may include loan contingencies to secure financing for the purchase. Stay informed about loan progress and be prepared for potential delays or complications. Communicate openly and monitor the loan process to mitigate financing risks.
5. Escalation Clauses: Buyers in competitive markets may use escalation clauses to increase their offer price if competing offers are presented. It’s crucial to review and understand these clauses to ensure they align with desired selling price and terms.
6. Property Disclosure: Accurate property disclosures are crucial for selling a beach home, as failure to address known issues could result in legal consequences. Compile all relevant information and disclose it to potential buyers upfront.
Selling a beach home can be rewarding, but it’s crucial to navigate the process cautiously. Be aware of potential risks like fair housing laws, evaluate multiple offers, manage contingencies, and ensure accurate property disclosures. Stay informed, seek professional advice, and approach the transaction with transparency and integrity. With proper attention to these risks, you can confidently sell your beach home and achieve your desired outcomes.
Buying a beach home can be an exciting process with many questions involved. At the end of the day, all of the questions asked are important, but there may be some that you forget to ask. Beach Homes Realty’s CEO, Glenn Phillips, offers some insight on what else you should ask when the buying process is in full swing.
Insurance? What are the costs? Due to the environment surrounding beach homes, there can be extra costs. Don’t let additional fees surprise you down the line.
Rental Restrictions? If renting is in your plans, it’s key to knowing whether or not you’re able to do so. Understanding rental regulations is also essential for knowing what your neighbors may be like. Are they ones you can get to know or come and go?
Beach Restrictions? Where can you access the beach from? What can I bring to the beach? These tidbits of information are vital in what you want and what your beach life would be like.
Land Restrictions? Due to the low-lying properties, the land around your beach home is different than back home. Knowing what you can and cannot do is useful, especially if you have plans for making changes.
Hurricane Proofing? Are shutters built-in? Is boarding up something you go about doing yourself? It’s better to know this ahead of time so you aren’t caught off guard.
Homeowner Association Regulations? Knowing what the dos and don’ts are beforehand will ultimately be beneficial in the future. However, that doesn’t mean these can’t change.
Questions similar to these are beneficial to you in the long run. Each question can be different in other areas and they may be subject to change. Knowing information such as this makes the buying process go much smoother and our beach experts at beach-homes.com are always here to help!
For sellers, navigating the real estate market can feel overwhelming when preparing to list their homes. Therefore, it’s crucial to equip yourself with extensive knowledge about the process to minimize common mistakes. Being well-informed empowers you to make informed decisions and approach the market with confidence.
Inferior Photos: Inadequate or low-quality photographs can significantly impact the perception of a property in the real estate market. When presenting your home for sale, it is essential to prioritize high-quality photos to showcase its best features accurately. By investing in professional photography, you can capture appealing images that enhance the appeal of your property and attract potential buyers.
Unresponsive Listing Agent: It is crucial for listing agents to maintain open lines of communication and promptly respond to inquiries from both sellers and potential buyers.
Lack of National Exposure: The lack of national exposure can be a significant challenge when selling a property in the real estate market. It’s important for sellers to maximize exposure to reach a broader audience of potential buyers. Develop a comprehensive strategy to increase visibility and reach a wider audience.
Aspirational Price: Setting an aspirational price can be a strategic decision made by sellers who believe their property possesses unique qualities, exceptional features, or a highly desirable location that warrants a premium price. Thorough market research, understanding consumer preferences, and maintaining a consistent brand image are key to effectively implementing an aspirational pricing strategy.
In a dynamic real estate market, it is vital to proactively conduct research to avoid common pitfalls when selling your beach home. Staying informed and taking the initiative can help you navigate the process more effectively. By being proactive, you can mitigate potential mistakes and make informed decisions that align with the current market conditions.
If you’re looking to sell your beach property, our dedicated team of agents at beach-homes.com is here to provide expert assistance for all your real estate needs. Whether it’s pricing, marketing, or negotiating the best deal, trust our team to deliver exceptional service and support as you navigate the sale of your beach property.
As the real estate market continues to sizzle, prospective buyers seeking their dream beach homes must stay informed and equipped with effective strategies. Beach Homes Realty’s CEO, Glenn Phillips, unveils indispensable specialized tips to the current hot market conditions, ensuring a successful and satisfying beach home purchase.
Easy-to-Understand Offers: Keep your purchase offers straightforward and easy to understand. Avoid using complex language or excessive conditions that may confuse the seller. A concise and transparent offer increases the likelihood of it being accepted.
Ready Cash: Being prepared with available funds allows you to act quickly when a desirable property becomes available. Sellers often prefer cash offers as they are generally more secure and have fewer potential financing complications.
Improve Credit Score: Improving your credit in the context of real estate can have significant benefits when it comes to securing financing and obtaining favorable terms.
Follow Seller’s “Rules”: Following the seller’s rules helps foster a positive relationship between both parties. It demonstrates your willingness to cooperate and makes negotiations smoother. Respecting their preferences and instructions can create a more harmonious and collaborative atmosphere throughout the transaction.
Be Ready to Offer Quickly: Acting quickly allows you to capitalize on favorable market conditions and snatch up desirable properties before others have a chance. In fast-paced real estate markets, properties can receive multiple offers within a short time frame.
Have a Financial Plan: Having a solid financial plan is crucial when entering the real estate market. Creating a financial plan helps you determine your budget and assess what you can comfortably afford.
Whether you’re navigating a hot real estate market, these considerations play vital roles in your beach home’s real estate journey. By understanding the nuances and taking proactive steps, you can increase your chances of success and make informed decisions throughout the process.
If you’re searching for a property with a beach view or beach access, our team of agents at beach-homes.com is ready to assist you!
Many people dream of having a beach home. However, you may not realize the beach property you’re dreaming of isn’t one that’s beachfront. Beach Homes Realty’s CEO, Glenn Phillips, shares 5 reasons why this might be the case.
Beach View: This may be the most important to some buyers. Being able to have relaxation time in the evening accompanied by a great view is something many buyers want.
Beach Access: Many people don’t have to live on the water, but they do like having access to the beach when they feel like going.
Bang for the $: Purchasing a beach home with views and beach access can actually be a lot cheaper than one that is beachfront. This can make a huge difference for many people.
Competition: The further you are from the water, the less competition there is. This ultimately makes the homes more affordable.
Future Plans: You may not know what the future holds, so having a home that’s beach view or beach access provides more flexibility.
If a beach view or beach access property sounds more like something you’re looking for, our agents at beach-homes.com are here to help you!
Dash to the Beach: 68,000 Beach Homes & Lots Featured
Hoover, Ala – May 23, 2023 – A new niche real estate company launched in May to help coastal house hunters dash to the beach. Beach Homes Realty blends coastal real estate and technology to make searching, buying, or selling beach homes and lots easier than ever.
The company’s website, Beach-Homes.com (dash between Beach and Homes), simplifies the search process for beachfront, beach view, and beach access homes and lots. Beach-Homes.com features more than 68,000 coastal properties across 14 states, from Texas around to New Hampshire. Florida dominates the website’s current listings, with nearly 42,000 homes or lots across 185 beach communities.
“Our company has been a leader in niche real estate for more than 10 years and specializes in helping connect buyers and sellers with dream homes on or near the water,” said Glenn S. Phillips, CEO and chief economic analyst of Beach Homes Realty. “Lake Homes Realty has grown into the largest lake-focused real estate brokerage in the country,” said Phillips. “Beach Homes Realty was the natural progression in connecting buyers and sellers in specific niche markets. Beach-Homes.com is an advanced tool to simplify these searches,” said Phillips. “From coastal lots in quiet beach communities to spectacular multimillion-dollar estates in Miami, Beach-Homes.com has something for anyone who has dreamed of living the beach life.
Here are the 14 states featured on Beach-Homes.com ranked from highest to lowest in the number of current listings for beach homes and lots (as of 5/16/23):
Florida – 41,603 listings along 185 beach communities.
Texas – 7,448 listings along 41 beach communities.
South Carolina – 4,553 listings along 22 beach communities.
North Carolina – 3,509 listings along 96 beach communities.
Mississippi – 2,267 listings along 10 beach communities.
Maryland – 1,696 listings along 46 beach communities.
Massachusetts – 1,658 listings along 63 beach communities.
Alabama – 1,647 listings along 13 beach communities.
Delaware – 1,455 listings from 12 beach communities.
Virginia – 987 listings from 14 beach communities.
Connecticut – 542 listings from 25 beach communities.
Louisiana – 428 listings from 10 beach communities
Georgia – 402 listings along 18 beach communities.
New Hampshire – 72 listings along 6 beach communities.
“Beach Homes Realty accesses MLS data from these 14 states each day, so those searching beach homes and lots will have the latest offerings,” said Phillips. “Instead of having to search separate websites or navigate through non-coastal properties, we merged our targeting technology expertise and niche real estate specialization to streamline the process. This beach niche emphasis benefits serious shoppers, as well as those simply dreaming of owning a vacation home,” said Phillips. “Information on these beach communities and beach property search tools could have you walking in the sand before you know it,” he said.
Top 5 Beach Communities for Listings on Beach-Homes.com
Hollywood, FL – 1,503 listings with an average price of $1,045,460
“As of now, the Miami area is clearly the most expensive area for beach homes and lots among our 14 states,” said Phillips. “For those wanting the ultimate beach home experience, Miami’s Star Island offers the most expensive property – a 9,747 square-foot home with six bedrooms and nine baths for $37.5 million and a .92-acre lot next door for an additional $37 million,” said Phillips. “Beach Homes Realty plans to expand into additional states in the future, and we look forward to seeing what other wonderful beach property listings await.”
For more information on Beach Homes Realty, visit www.Beach-Homes.com. If you prefer lakes to beaches, visit www.LakeHomes.com to see lake home and lot listings on 6,600 lakes across 34 states.
