My Blog

It's the FOURTH Quarter!

9/30/2015

October 1 - The Fourth Quarter of 2015 is Here

 

It is fall - and fall is for BEACHING!  2015 has flown by - We have been blessed with beautiful summer weather, record rentals, and a flurry of fantastic summer events.  Now as Labor Day is past, we look ahead to the Annual National Shrimp Festival. School has started,  but there is still lots of action on our beautiful Gulf coast.  And even as temperatures cool, the beach buys are heating up.  Take a look at a truly exquisite property....

Best Luxury Beach Buy on the Gulf Coast

And there is so much more... Preconstruction is available, and there is more planned.  Mortgage interest rates remain low, and there is still time to get your dream property.  Stay tuned for more information!

All the best,

Leigh

The Pass 307 - Luxury Boat property in Orange Beach

10/17/2014

THE PASS

Buyers, DON"T MISS OUT!

4/4/2013
A friend of mine commented at lunch last week that "It's a buyers' market."  Without thinking, I replied, "No, it's not."  
But as I gave it more thought, I thought about the dilemmas I had been facing recently when working with Orange Beach and Gulf Shores, Alabama beachfront buyers.  Everyone wants a deal - and there are still very, very good deals to be had. BUT - there has been a major shift in the past year. And my personal business experience in the past 3 months is a microcosm of our  beach market as a whole.  My points are listed below:

  • Inventory is WAY down.  For the past 5 years, we hav struggled with a glut of overpriced properties.  The numbers show that we only have about 5 months of inventory now - as opposed to 24 months worth just a couple of short years ago. 
  • Signs in my own business:  I have recently sold or put under contract listings that I have had for as long as 2 years - and the contracts went quickly and very close to list price.
  • Prices are steadily moving up - in a continuum - rising about 3%.
  • And happily for buyers who want to borrow money: Interest rates, for both primary and second homes, are still very, very low.
All these things point to one end:  If you have ever dreamed of buying a beach or bayfront getaway or profitable vacation property in Orange Beach, Gulf Shores, or Perdido Key, Florida, the time is NOW!  The beautiful Gulf Coast is a wonderful place to vacation, escape, relocate, or invest in.  Call me today before the opportunity is gone.

A rainy day at the beach.....

6/10/2012
Good evening, everybody. Still a little rainy, but nonetheless a great time to be on the Alabama Gulf Coast.  A rainy day at the beach is better than a sunny day anywhere else!

SPRING BREAK just around the corner!

1/29/2012

Dreaming of Spring?  Read the following article by my husband, Capt. Don McPherson of Getaway Charters!



It is cold, rainy and a bit gloomy. It is winter. Many people experience this weather across the country. But wait, there is Spring Break and it is almost here. I cannot think of a better place to enjoy spring break than Gulf Shores, Alabama or Orange Beach. Sunny days, white sandy beaches and fishing. Take some time to relax on the beautiful white beaches. After a day or so on the beach, you may want to jump on board a nice comfortable boat and enjoy a few hours on the water. Three, four and six hour Gulf Shores fishing charters are the most popular during spring break. Take your family fishing and treat your children to this awesome adventure. Mom and Dad will enjoy the fishing and will certainly love the thrill from watching the kids reel in fish from the beautiful Alabama Gulf waters. You will most likely see some dolphins swim around the boat. Watch seagulls dive into the water in search of their dinner. Also keep an eye open for sea turtles sunning on the surface. Enjoy the quiet peaceful time together on the water. If you are not the quiet type, then you may enjoy some fun music on the back deck of your boat while you cruise and fish along the Alabama Gulf waters. If you prefer music then check with your captain before booking your charter and make sure there is music available on the boat. 

What kind of fish may you catch? The type of fish will depend on the length of trip you choose. The three and four hour charters are usually trolling only. Trolling is a method of  placing several lines out behind the boat while you cruise slowly along the beach or travel south of the beach. This is relaxing as everyone waits on a fish to strike one of the baits. In the Spring you may catch Spanish mackerel which are tasty fish. These fish  range from a couple of pounds to over 5 pounds. These fish are great for the young kids because they are not too difficult to reel in. I have seen many four year olds reel in these fish. This is a thrill for everyone. But dont get me wrong, adults enjoy this fishing also. Big bull redfish usually hang around until late March or very early April. These fish usually weigh from 17 pounds to well over 20 pounds. It is not uncommon to catch a 30 plus bull redfish. These bull redfish are caught by trolling or casting into a school. If you choose a six hour charter then you will most likely bottomfish. This method of fishing is traveling offshore 10 to 20 miles and stopping over a reef. Most of the time everyone will fish at the same time. Some anglers will choose to only fish 2 or 3 at a time while the others cheer the anglers on. The angler will release the line on the reel and allow the bait to drop several feet down in the water or maybe even drop to the bottom. You will wait for a bite and then start reeling. There will always be a deckhand by your side to assist you and your group with all of your needs. Some of the fish you may catch as you bottomfish will be vermillion snapper, triggerfish and white snapper (red porgy). These are all tasty fish. These fish will usually weigh a few pounds. This fishing is great for any age. You will also most likely catch red snapper while bottomfishing. Since red snapper season is closed during the Spring, you will have to release these fish. They will give you a battle, especially on light tackle. There is always a chance to hook into other fish on a six hour charter. If you want to experience a full day fishing charter then you will most likely catch some larger fish including amberjack. Remember, it is always your choice to keep your fish or catch and release. Your captain will tell you which fish are in season. 

It is time to shed the winter blues and plan your Orange Beach and Gulf Shores Spring Break. The sunny beaches, tasty seafood and hungry fish await you. What are you waiting for? Come enjoy our beautiful Alabama Gulf Coast as you visit Gulf Shores and Orange Beach, Alabama.

Captain Don McPherson

www.getawaycharters.com

Racing to the finish line of 2011!

11/29/2011
WOW! 4 closings in the closing days of November - the deals are flying off the shelf.  Call me today to discuss your real estate investment strategies. 

MORTGAGE RATES still low!

9/26/2011
today's 30 year fixed rates are around 4.25%  15 year rates are under 4% - Let's make a deal!

336 GULF FRONT UNITS IN ORANGE BEACH

9/22/2011
There are 336 active units currently listed in Orange Beach - priced from 82,500 up to over $4M. With interest rates still at historic lows, there are great opportunities available now.  Call or email  me to discuss investment or second home opportunities.  It is an exciting time to be a buyer.

Foreclosure Buying Tips

9/5/2011
AFTER A THINNING INVENTORY THIS SUMMER - it appears that we will have more foreclosures coming.  Here are a few tips if you are thinking of buying a foreclosure or bank owned property:Some things you need to know about buying a foreclosure: 
  1. Alabama has a 1 year right of redemption law which, as your realtor, I can explain in detail and it is not as scary as it sounds. I can also refer you to an experienced foreclosure attorney.
  2. Virtually all foreclosures come unfurnished. Many may be stripped of appliances or fixtures.
  3. They vary widely in condition from poor to excellent but are generally sold in as is condition making a home inspection essential in the due diligence process.
  4. Terms of sale vary based on the bank selling the property and/or any third party asset management companies assisting the bank in the sale.
  5. Some foreclosures (Fannie Mae, for example) require a 7-14 day waiting period for investor offers giving the advantage for purchase to owner occupant purchasers.
  6. Generally, banks and their asset managers price the property to sell quickly. Be ready to make an offer. Have your cash ready or your financing in order. Often, a property will receive multiple offers and sell quickly. Plan on providing proof of funds or financing approval with your offer.
  7. Banks have no emotional ties to the property and operate based on numbers. They tend to not accept or counter any offers less than 6-10% off from asking and will play the list and reduce game if not sold in 60-90 days or less. They will periodically reduce the price until the property sells.
  8. Some local or smaller banks may not be in the position to price the property competitively enough to sell in this market.  


Rainy Laboer Day - still a GREAT time to BUY!

9/2/2011
Super buys available as we enter the last official weekend of summer - Boat and bayfront, Gulf front - I have the deal for you!
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Leigh McPherson

Associate Broker
RE/MAX Of Orange Beach
Direct: 251-975-3340
Cell: 251-609-9994
RE/MAX Of Orange Beach
26021 Perdido Beach Blvd
Orange Beach, AL 36561
Office: 251-981-2400

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