May 13, 2022

How to Tell the Difference Between a Buyer and Seller’s Market

It can be difficult to tell when the market favors buyers or sellers. However, it's important to know how to tell the difference. In this blog post, we will discuss factors that determine the real estate market and tips on how to take advantage of the current market conditions.

Housing Inventory

The most crucial factor that determines whether your city is in a buyer's or seller's market is the housing inventory. This is the number of homes currently on the market for sale. 

In a buyer's market, there will be more homes for sale than buyers are looking to purchase. This results in lower prices because sellers are competing for buyers' attention. Conversely, in a seller's market, there will be more buyers looking to purchase homes than there are homes for sale. This results in higher prices because buyers are competing against each other for the limited number of available homes.

Days On Market (DOM)

Another factor to consider is the average days on market (DOM). This is the number of days a home spends on the market before being sold. In a buyer's market, homes will spend more time on the market since there are more homes available. But in a seller's market, homes will spend less time on the market because there are more buyers than homes.

Absorption Rate

The last factor to consider is the absorption rate. This is the number of months it would take to sell all of the homes currently on the market if no new homes were listed for sale. In a buyer's market, the absorption rate will be higher because there are more homes for sale than buyers are looking to purchase. In a seller's market, the absorption rate will be lower because more buyers are looking to buy homes than available homes.

Ready to Buy or Sell A Home?

If you're buying or selling a home, working with an experienced real estate agent will give you an advantage as real estate agents know how to maximize profits in the current market. So if you’re searching for trusted real estate agents in Alabama, we’ll be happy to work alongside you to get you the best possible deal. So give us a call at (334) 791-8830 to discuss your needs.

Posted in General
May 10, 2022

3 Fun Wildlife Parks to Visit in Alabama

Alabama is a great place to visit if you're looking for fantastic wildlife parks. Here are three Alabama wild parks you’ll have lots of fun visiting.

1. Alabama Safari Park

The first park on our list is the Alabama Safari Park. This park is home to a variety of different animals, including lions, tigers, giraffes, and elephants. You can drive through the park in your vehicle or take a guided tour. Either way, you're sure to see some incredible animals. Another great thing about Alabama Safari Park is that they offer a variety of educational programs. These programs are perfect for kids and adults alike and are a great way to learn more about the animals at the park.

2. Birmingham Zoo

Next up is the Birmingham Zoo. This zoo is one of the most popular in the state, and it's easy to see why. They have a wide variety of animals, from gorillas and monkeys to snakes and lizards. The Birmingham Zoo also has a great aquarium. Here, you can see all sorts of fish, turtles, and even sharks! The zoo also offers educational opportunities for kids and adults alike. A little known fact about Birmingham Zoo—it was the first zoo in the United States to have an elephant exhibit.

3. Mobile Zoological Gardens

Last but not least is the Mobile Zoological Gardens. This park is smaller than the others on our list, but it's still worth a visit. This garden is home to over 500 species of plants, making it a haven for nature lovers. They have a great selection of animals, including primates, reptiles, and birds. The park also has a playground and picnic area, making it the perfect place to spend a day with the family.

Ready to Experience Alabama? 

Alabama is a beautiful state with a lot to offer. If you are thinking of relocating to Alabama, you can bet you will enjoy your time here. If you're thinking of moving or buying a house in Alabama and would like to learn about the city and the right neighborhood, call us at (334) 791-8830. We are a local real estate agent and would be happy to help you plan your big move!

Posted in General
April 27, 2022

Best Elementary Schools in Slocomb, Alabama

Slocomb, Alabama, is a city that enjoys a rich heritage dating back to the Creek people who once inhabited this area. Slocomb is known as the ‘Tomato capital of the world’ and is quite renowned for growing the best tomatoes in the country. When it comes to education, the school system in Slocomb, Alabama, is excellent, with a number of stellar elementary schools to make your pick.

Top of that list is Slocomb Elementary School. The institution is one of the best elementary schools in Alabama. It serves students in grades K-12 and has an enrollment of just over five hundred students. Slocomb Elementary School has a long tradition of excellence in academics and athletics. In addition, Slocomb also has a great after-school program and offers enrichment activities.

Hillcrest Elementary is another top-rated elementary school in Slocomb. Hillcrest has a strong focus on academics and provides a well-rounded education for its students. The teachers at Hillcrest are passionate about their jobs, and it shows in the quality of education that their students receive. 

Other great elementary schools in Slocomb, Alabama, include Slocomb Primary School and Slocomb Magnet School. Slocomb Primary School serves students in grades K-three and has an enrollment of about two hundred students. The teachers are caring, and they make learning fun. Slocomb Magnet School is a public charter school that serves students in grades K-8. It has an enrollment of just under five hundred students. Slocomb Magnet School offers a variety of sports programs, including basketball, football, track, and more. They also have a wide array of extracurricular activities such as choir, band, drama club, student council, and more.

Are You Considering Moving to Slocomb, Alabama?

If you plan to move to Slocomb, Alabama, with your children, you’ll find many top-tier elementary schools for your pick. And if you are interested in buying a house in Slocomb, Alabama, we’d love to hear from you. With over 20 years of experience and our intimate knowledge of the local market, we can get you a great deal on any Slocomb Property. So give us a call at (334) 791-8830 to get started today!

Posted in General
April 8, 2022

5 Creatures You Can Only Find in Alabama

Did you know Alabama is the fifth most biodiverse state in the nation? In particular, aquatic life is the most prominent, thanks to the subtropical climate, the influx of rivers, and the geological wealth of the region. Below are five unique wildlife species found only in the state of Alabama.

1. Vermilion Darter

The vermilion darter is a small, colorful fish only found in Alabama's Jefferson County. It's one of only two darter species found in Alabama and is distinguished by its bright red coloration. The Vermilion Darter is listed as a state endangered species, so don’t attack it if you're lucky enough to spot one.

2. Alabama Sturgeon

The Alabama sturgeon is a rare 30-inch, yellow-orange fish that can only be found in the lower Alabama River. It's a member of the ancient Sturgeon family, which dates back to the time of the dinosaurs. Unfortunately, the increasing deterioration of our rivers is causing the total disappearance of this species.

3. Red Hills Salamander

Alabama's official state amphibian, the red hills salamander is found only in Alabama. The Red Hills Salamander gets its common name from the Red Hills, a region of Alabama's eastern Gulf Coastal Plain. This unique species has a prolonged reproductive cycle, which doesn't do good to its chances of going extinct.

4. Alabama Heelsplitter

The Alabama Heelsplitter is a freshwater bivalve mollusk found in the rivers and streams of central and northern Alabama. This freshwater mussel plays a vital part in the river ecosystem as it helps control algal growth and water quality. It also has commercial value as its shells are used to make pearl buttons.

5. Alabama Beach Mouse

The Alabama Beach Mouse is a subspecies of the oldfield mouse found only on Alabama's Gulf Coast beaches. This little creature provides an essential role in the beach ecosystem by eating the seeds of beach grasses and helping to keep the vegetation in check. They are nocturnal and live in burrowed nests in sand dunes. The Alabama Beach Mouse is currently listed as an endangered species.

Fascinated by Alabama's Biodiversity?

The state is home to more than 4,533 documented species, many of which can only be found in Alabama. If you are a naturalist and would love to buy a house in Alabama, we’d love to hear from you. With more than twenty years of experience in the business, we’ll work closely with you to identify and meet your housing needs. Call us today at (334) 791-8830.

Posted in General
March 28, 2022

What Is It Like to Live in Ozark, Alabama?

Ozark is not just a super-popular Netflix series! Ozark, a city in Dale County, Alabama, is said to have derived its name from a traveler who felt the area reminded him of the Ozark Mountains in Arkansas. And if you want to know what it’s like to live in Ozark, Alabama, here’s what to expect.

Beach Trips

Living in Ozark brings with it countless getaways to the gorgeous beaches of Florida. It only takes two hours to get to Panama City to enjoy white sandy beaches, swim with dolphins, and go on an adventure on scenic nature trails. And of course, for the young ones, the amusement parks are world-class!

Ozark Crawdad & Music Festival

On the first Saturday in April every year, Ozark is in full swing! The Ozark Crawdad & Musical Festival is ideal for the whole family to rejoice in the sounds of wonderful music while feasting on some of Alabama's most beloved treats - Cheese Steaks, Crawfish, and Shrimp!

Blue Springs State Park

This 103-acre park in southeastern Alabama features two octagonal, sandy-bottomed pools fed by a subway spring of crystal-clear water. Ozark residents can take a 68-degree swim year-round while enjoying recreational facilities such as campgrounds, picnic areas, and playgrounds.

Ozark is a Historic Town

The Native American identity plays an essential role in Ozark's cultural heritage. The town was first inhabited by an indigenous community known as the Creek Indians. Today, you can relive the origins of this Dale County town by visiting its various museums and historic sites.

The Good Retirement Life

A friendly and peaceful environment, a low cost of living, mild winter weather, local attractions such as golf courses, and proximity to Florida's beautiful white beaches make Ozark a fantastic retirement destination.

Thinking About Moving to Ozark, Alabama?

Ozark is a loving and welcoming city for families and retirees, featuring some of the nation's most affordable home prices, great food, and proximity to natural gems. If you would like to buy a house in Ozark, Alabama, call us at (334) 791-8830. We’d love to help you find the perfect home!

Posted in Homebuyer Tips
March 14, 2022

How to Buy Off-Market Commercial Property in Dothan, Alabama

The fact is there’s a good reason why a majority of commercial real estate property deals are happening off-market, and in most cases, owners might not be desperate to sell but might be willing if they get the right offer. 

What Are Off-market Properties?

Off-market properties are not publicly listed for sale. Owners are most likely looking for a convincing bid, and this encourages buyers to bid against one another. In most cases, owners deal with potential buyers directly or through a network of real estate investors. The most apparent advantage of off-market properties is that you'll have more privacy, especially if you’re planning on buying a high-profile property. 

How Can I Find Off-Market Properties in Dothan, Alabama?

The online advertising platforms barely advertise two percent of the commercial properties up for sale in the United States. The best way to find commercial real estate properties has always been to work with an established commercial real estate broker who’s well acquainted with the neighborhood you’re interested in investing in. These realtors usually have a pretty solid network of reliable real estate brokers and will be willing to help you find other properties that fit your investment criteria if negotiations go awry on any deal.

An experienced broker will also ensure you don’t end up overpaying for a property and ending up regretting the decision later. They’ll provide concrete data that rightly estimate the worth of the property and work out a deal that interests both parties involved.

Looking for Off-Market Commercial Properties in Dothan, Alabama?

 

If you're interested in buying an off-market commercial property in Dothan, Alabama, you should contact us now at (334) 791-8830. When it comes to off-market properties, timing is everything.

March 3, 2022

4 Tips for Buying a Home in Alabama

Buying a home is exciting and one of the best investments you can make. So if you are planning to buy a home in Alabama, here are some quick tips to get you under way.

1. Get Your Savings in Order

Before you decide on buying a home, ensure you have some healthy savings. This should be enough to cover the down payment, closing costs. It's also a good idea to have some extra money saved up in case of unexpected expenses.

2. Get Credit Ready

Check your credit score and make sure there are no errors on your credit report. If there are, dispute them immediately. You'll also want to make sure you have a good credit history by paying your bills on time.

3. Get Pre-Approved

When you apply for a mortgage, you'll need to provide proof of income, employment history, and permit a review of your tax returns. By getting pre-approved, you'll know exactly how much you can afford to spend on a home. This way, you can narrow your property search to fit your budget.

4. Research Locations

Alabama has many great places to live, but it’s essential to consider the immediate context when finding the right home. Unless you have a favorite city or family and friends in certain neighborhoods, do some research on the area before you purchase a home. Check the crime rate, traffic, and availability of amenities before closing the deal.

Searching for a Trusted Real Estate Agent in Alabama?

At Wiregrass Real Estate, we’ll work with you through all the steps and paperwork involved in buying a home in Alabama. Contact us at (334) 791-8830, you’ll be glad you did!

Posted in Homebuyer Tips
March 1, 2022

Relocating to Alabama? These 6 Tips Will Make Your Move Less Stressful

Relocating can be very stressful. And coupled with the physical labor, the stress and anxiety could also create an emotional strain on you. Here are six vital tips to make the moving process a lot less stressful.

1. Create a Moving Checklist

A moving checklist will help you stay organized during the moving process and help you sort out your stuff quickly. This way, you'll keep track of your progress and won’t forget anything important.

2. Start Packing Early

Packing takes a long time, so if you wait until the last minute, you'll rush to get everything done. Start packing a few weeks before the move to avoid feeling rushed and stressed out.

3. Label Your Boxes

Labeling your boxes will make moving and unpacking a lot easier. You will know precisely what is in each box and how it should be packed especially when it contains breakables.

4. Prepare a Moving Day Kit

Your moving day kit should contain items like the new house keys, credit cards or cash, phone chargers, flashlight, clean bedding, and pillows. Don’t forget to pack out some healthy snacks and water for the road.

5. Pack for the First Night in the New Home

Prepare a box with toothbrushes, toilet paper, towels, kitchen utensils, and any other everyday items you may need on the first day in your new home. This box will come in handy if you don't have time to unpack everything when you arrive.

6. Hire a Moving Company

Hiring a moving company is a good idea if you have lots of stuff. Also, If you’ll have to move heavy items up or downstairs, hiring a professional moving service is sometimes the best way to make your move a lot easier.

Planning on Relocating to Alabama?

Being prepared and organized will ease the process and make your move less stressful. If you are planning on buying a property in Alabama, call us at (334) 791-8830 - we are always ready to help!

Posted in Homebuyer Tips
Feb. 22, 2022

5 Home Improvements That Will Increase Your Home’s Selling Value

If you're thinking about selling your home soon, you should consider making a few improvements to increase the sale value of your home and make it more attractive to prospective buyers. In this blog post, we'll discuss five home improvements that will increase the selling value of your home.

1. Paint

One of the easiest ways to increase the selling value of your home is by painting it. When repainting your home, consider applying soft colors. New paint will make your home more appealing to buyers and help you stand out from the competition.

2. Renovate the Kitchen

Another great way to increase the selling value of your home is to make a few renovations to the kitchen. A fresh coat of paint, new countertops, a touch of metallic hardware, or even a tile backsplash can make a big difference when bringing in potential buyers.

3. New Siding

If you're looking for a more substantial upgrade, consider installing new siding on the exterior of your home. A new siding will increase your curb appeal and the value of your property. There are several siding options to choose from, so pick one that fits your home's design and your budget.

4. Adding a Deck

A deck can also add significant value to your home. It provides additional space for relaxation and entertainment, which many homebuyers are eager to enjoy. Plus, it's a great way to improve the overall aesthetics of your home.

5. Landscaping and Patio Upgrades

Landscaping can increase the curb appeal of your property. It also creates a more relaxed atmosphere for you and your guests. To increase the sale value of their home, many homeowners strategically place plants in the front yard as it looks pleasant and welcoming.

Planning on Selling Your Home?

When considering home improvements, always think about how they will affect the overall value of your home. If you're looking for more ideas, feel free to email us at bobbyd@DothanRealEstate.us. We'll be happy to help you increase the sale value of your home and find the right buyer for it!

Posted in Home Seller Tips
Feb. 16, 2022

Is Buying A Condo A Good Investment?

Do you have a family that finally wants to become independent? Or perhaps you’ve seen a condo for sale and are wondering if it’s a good investment? Whatever your motivations are, we’ve compiled a list of considerations about investing in a condo.

What Are the Typical Questions That You May Have About Investing in a Condo?

Buying a new condo is a big move. So let’s have a look at some common questions people have when investing in one.

1. Is a Condo a Good Option as a First-Home Investment?

Choosing a condo for first-time home buying is a good investment due to different reasons. By buying a condo, you’ll be able to live in a location of your choice; you’ll also have easy access to urban life in general. You may also not need to do a lot of maintenance work because new homes are usually left behind in a good condition for the new occupants - besides, your appraisal will also tell you how much maintenance is required.

2. Why Do I Want to Invest in a Condo?

If you’re considering buying a condo as an investment, you should be clear on why you want to do it. The pros and cons of putting your money into a condo will vary depending on its planned use - whether that’s as the main living place, a summer home, or investment property. So you must be clear about your investment goals in order to determine that you’re making the right decision.

3. Do Condos Appreciate in Value?

Although properties in well-developed areas can appreciate much more quickly, the reality remains that most condos appreciate in value at a slower rate than single-family homes. However, all things considered, different factors like the neighborhood amenities, safety, and location can make a condo appreciate in value at a faster rate.

Final Thoughts

 

For more details about investing in condos, contact us at (334) 701-1102 today! We can help you make a profitable investment.

Posted in Homebuyer Tips