Folks, it’s simple, Interest Rates are at a all time low. We have not had interest rates this low since
Eisenhower was President, that’s over 50 years ago. Right now you can get more house, pay less for that home and get a home cheaper than rent!

We’ve been selling Real Estate in Baldwin County since 2007 and now is really the best time for you to look into this wonderful opportunity of owning your home. We would love to hear from you.

Your Helpful Realtors,
John & Linda Cramer
KellerWilliams Realty
(251) 599-5799

Your Lender of Choice
Initially you got a “Pre-Approved Letter” and we submitted that letter with the offer. In today’s world that’s the accepted way things are for Sellers and Buyers. Remember this when you go to a doctor and need surgery, it’s always good to get a “Second Opinion ”So we strongly recommend you seek a 2nd Lender. Why? Because one may have special incentives, ZERO DOWN, or OFFERING a specific dollar amount towards closing, or even ZERO Origination points. So Indeed shop for the best Mortgage you can get. We do suggest that you work on this in a timely fashion. Once the offer is accepted we need to know within a few days of acceptance which Lender you would like to use. The Reason is we must submit the contract to the Lender of Choice to begin the process and get your loan done without delays.

We have Preferred Lenders we use all the time, these Lenders know their craft and treat you the buyer the way you should be treated, contact us at 251-599-5799 and we’ll give you some names and numbers.

During the typical initial 10 day from the ACCEPTANCE DATE, we will call your lender of choice and introduce ourselves as your Realtor, also known as “Your Buyers’ Agent” and provide them copies of all paperwork and our contact information. It is our duty to help them make the entire process as smooth and effortless as possible for you. Once the inspection is done, and you are satisfied with the resolution negotiations, we can proceed to the next steps.

After the inspection, you still have options. Your response choices include either walking away from the deal and receiving your earnest money back, asking for money to fix certain things yourself, asking for the sellers to fix things, or tell them everything is fine. Typically we give sellers 48 hrs to respond to your inspection resolution requests.

Inspection:
We have 10 days from the date of the Accepted Offer, to contact a inspector, schedule a time convenient for you both, to get him/her over to the house, do his inspection, (usually takes about 3 hours) We strongly recommend that you be there during the last hour of the inspection. It’s good to know as much as you can about your home and this is the best time to do just that. The inspector will give you a overview of what he/she has found and recommendations at that time. Afterwards you’ll receive his/her reports, and with your permission we need a copy of the report. We’ll go over it together, and we’ll be looking at the “Inspectors Summary Report.” The summary report will provide us the issues / repairs that need to be addressed by the seller. We then fill out a “Repair Addendum” with your signatures and present that to the seller. In turn the seller will respond as to what he/she is willing to repair based on the report. You need to choose which inspector you want to hire if any. Inspectors charge (usually $300 -$400)

Looking for a Home? www.cramerteam.com

15 sold in Spanish Fort out of 122 active
39 sold in Daphne out of 353 = a 10% absorption rate
29 sold in Fairhope out of 500 = a 5% absorption rate

Foley had 33 sales in the price range of 100k

Average Price on the Sales were as follows:
Spanish Fort 235k
Daphne 236k
Fairhope 260k

January / February year over year 2010 / 2011

Daphne 62 homes in 2010 71 in 2011
Spanish Fort 19 homes in 2010 19 in 2011
Fairhope 32 homes in 2010 54 in 2011

Average Days on Market

Daphne 162 in 2010 167 in 2011
Spanish Fort 162 in 2010 197 in 2011
Fairhope 149 in 2010 201 in 2011

Now below is a report from the National Association of Realtors about the Nationwide stats. We Realtors in Baldwin County are doing
better than the National Average. It’s interesting to see a decline in the numbers for February Nationwide, however our area is showing a increase of 20-30% in there respective areas.

So when you read the reports and watch the news, always remember that our current market conditions can vary widely and greatly in comparision. If you would like more info about your specific neighborhood, give us a call at 251-599-5799 or email us @ cramerteam@gmail.com. We also welcome your input and comments.

WASHINGTON — Fewer Americans bought previously occupied homes in February and those who did purchased them at steep discounts. The weak sales and rise in foreclosures pushed home prices down to their lowest level in nearly nine years.

The National Association of Realtors said Monday that sales of previously occupied homes fell last month to a seasonally adjusted annual rate of 4.88 million. That’s down 9.6% from 5.4 million in January. The pace is far below the 6 million homes a year that economists say represents a healthy market.

Nearly 40% of the sales last month were either foreclosures or short sales, when the seller accepts less than they owe on the mortgage.

One-third of all sales were purchased in cash — twice the rate from a year ago. In troubled housing markets such as Las Vegas and Miami, cash deals represent about half of sales.

The median sales price fell 5.2% to $156,100, the lowest level since April 2002.

Millions of foreclosures have forced down home prices and more are expected this year. Tight credit has made mortgage loans tough to come by. And some potential buyers who could qualify for loans are hesitant to enter the market, worried that prices will fall further. High unemployment is also deterring buyers. Job growth, while expected to pick up this year, will not likely raise home sales to healthier levels.

New-home prices are now 45% higher than prices for previously occupied homes. A more normal difference is about 15%, an indication that old homes on the market are being sold at comparatively cheap, and affordable, levels.

Home sales
The number of first-time home-buyers rose to 34% of the market, partly because of rising rents. A more healthy level of first-time home-buyers is about 40%, according to the trade group.

But home prices and sales are uneven across the country. In Miami, where prices have dropped 18.6% since last year, sales have skyrocketed 46.4% over the same period. In St. Louis, where prices rose 8.2% over the past year, sales have fallen 8.6%.

One obstacle to a housing recovery is the glut of unsold homes on the market. Those numbers rose to 3.49 million units in February. It would take 8.6 months to clear them off the market at the February sales pace. Most analysts say a six-month supply represents a healthy supply of homes.

Analysts said the situation is much worse when the “shadow inventory” of homes is taken into account. These are homes that are in the early stages of the foreclosure process but have not been put on the market yet for resale.

For February, sales fell in all four regions of the country, by 12.2% in the Midwest, 10.2% in the South, 8% in the West and 7.2% in the Northeast.

Sales of single-family homes fell 9.6% to an annual rate of 4.25 million units. Sales of condominiums fell 10% to a rate of 630,000 units.

This home folks is MOVE IN READY!  Also a ONE YEAR HOME WARRANTY!

WANT TO SEE MORE OF THIS HOME? 

COMPLETELY REMODELED

http://www.cramerteam.com/MyHomeDtl.asp?lstPages=1&HomeID=1118154

This is a great time to purchase a home. Your note can be cheaper than Rent! We have preferred Lenders that are ready, and of course the inventory is good. So you’ll get a good loan, get a good deal, and you could be in your own home before Christmas! So what are you waiting for?

I’m sure your asking yourself what do I need to do? Well the first thing is contact us we’ll provide you with all the information you need. You see as a ” Buyers Agent” we have lots of experience working with First Time and 2nd / 3rd time buyers. The sellers pay our fees, so you get Precise, Accurage Information from us as we guide you through the entire process. With regards to Lenders, you’ll need to do some homework, ready?

Just have your 2 / 2 / 2… that’s right TWO – TWO – & TWO.  2 years of Tax Returns, 2 months of bank statements, 2 weeks of your last pay stubs.
With that information, your Lender can get you “Pre-Approved”

Once you have your pre-approved letter, then you can proceed with confidence with your “Buyers Agent” and find a home that fits your needs for you and your family. So what are you waiting for? Contact us, we’ll send you homes to preview while your getting your pre-approval.

Once you’ve narrowed the homes we sent to you, we’ll schedule a time that’s convenient for us both and block off some time to preview homes.
Resale? Foreclosure? New Construction? So many homes to choose from and you’ll be glad you did this for you and your family.

We hope that you’ll truly consider this opportunity, rates have not been this low in 30 plus years!

All the Best

John & Linda Cramer
Keller Williams Realty
251-599-5799