About Baldwin County, AL

What is better: to invest the money or pay out the mortgage?

This question is a difficult one and it largely depends on the full financial environment. You have to take into account not only your profit. Before taking the final decision, ask yourself and answer the following questions:

-         How much current savings do you have?

-         Do you have any retirement savings?

-         How much do you need for everyday life?

-         Are you going to move or change a place of work?

-         Do you have money for some unexpected challenges?

If you invest the cash, the tax advantage is kept, liquidity is kept, and you can pay down the mortgage if you need later. But if you pay off your mortgage, you’ll stay without money and probably you won’t have chance to get cash again. 

“Cash is king”, in case of need having cash is much better than having more equity in their real estate property.

Tamala Prickett with Prickett Properties LLC proudly announces the addition of the "Laguna Key Taj Mahal" to its vacation rental program.

The Laguna Key Taj Mahal in Gulf Shores Alabama is a fabulous gulf front beach house vacation vental. The Laguna Key Taj Mahal features 3 floors with 6 bedrooms and 6 1/2 baths.

The main floor has a chef's kitchen with viking and subzero appliances along with a formal dining room, additional breakfast room and two gulf front porches. The main floor also hosts a large living room, study and the Master Suite. The Master Bedroom has a King Size bed and master bath with steam shower and jetted tub.

The upstairs area has 4 bedrooms each with their own bathroom and all queen size beds. Two of the bedrooms are gulf front with their own porch access. There is also a butlers kitchenette upstairs for the added convenience of your guests.

Last but certainly not least is the lower floor that hosts the 6th bedroom and game room area. The 6th bedroom has a Queen bed and additional Twin over Full bunk bed. There is a fabulous game room area with an additional queen sleeper sofa. The game room also has a full kitchen of its own!

The neighborhood pool is literally across the street from the house. There is also neighborhood tennis courts and basketball within steps of the house.

The Laguna Key Taj Mahal bedding is K, Q, Q, Q, Q, Q, F, T and Queen Sleeper Sofa for a total sleeping capacity of 17.

CLICK HERE TO Rent the Laguna Key Taj Mahal in Gulf Shores Alabama

Pending home sales are showing signs of better days ahead for the real estate market on the Eastern Shore of the Mobile, Alabama, Metro area.

January sales were typically weak, at 43 homes sold in Spanish Fort, Daphne and Fairhope, compared with 56 in December 2009. Still, last month's sales were a slight improvement over January 2009 when just 40 homes sold.

This first week in February, 117 homes are under contract, a nice improvement from the 101 under contract in the first of January.

Pricing remains soft, with sellers taking on average 7 percent off the list price in January.

Inventory is rising, as it always does in the spring. Short sales and foreclosures remain a popular draw for buyers, but only represent 6% of all the homes listed on the Eastern Shore.

Here are the stats for the Eastern Shore:
Total houses for sale: 1,175, including 71 short sales or foreclosures.
Spanish Fort: 148
Daphne: 373
Fairhope: 547
Lake Forest: 107

Pending sales
Total: 117 (3 are new construction)
Spanish Fort: 18

Daphne: 47
Fairhope: 39
Lake Forest: 13


Closed sales for January 2010
Total: 43 (11 new construction)
Average sales price: $224,209, down from $302, 814 in December 2009 (which was skewed by two $1 million-plus sales).

Median sales price: $194,500, up $188,041 in December 2009 and $182,801 in November.
List to sale percentage: 93%, down from 94.47% in December 2009 and 95.96% in November

Spanish Fort: 12
Daphne: 15
Fairhope: 9
Lake Forest: 7

(Data from the Baldwin County Multiple Listing Service)

Pending home sales are showing signs of better days ahead for the real estate market on the Eastern Shore of the Mobile, Alabama, Metro area.

January sales were typically weak, at 43 homes sold in Spanish Fort, Daphne and Fairhope, compared with 56 in December 2009. Still, last month's sales were a slight improvement over January 2009 when just 40 homes sold.

This first week in February, 117 homes are under contract, a nice improvement from the 101 under contract in the first of January.

Pricing remains soft, with sellers taking on average 7 percent off the list price in January.

Inventory is rising, as it always does in the spring. Short sales and foreclosures remain a popular draw for buyers, but only represent 6% of all the homes listed on the Eastern Shore.

Here are the stats for the Eastern Shore:
Total houses for sale: 1,175, including 71 short sales or foreclosures.
Spanish Fort: 148
Daphne: 373
Fairhope: 547
Lake Forest: 107

Pending sales
Total: 117 (3 are new construction)
Spanish Fort: 18

Daphne: 47
Fairhope: 39
Lake Forest: 13


Closed sales for January 2010
Total: 43 (11 new construction)
Average sales price: $224,209, down from $302, 814 in December 2009 (which was skewed by two $1 million-plus sales).

Median sales price: $194,500, up $188,041 in December 2009 and $182,801 in November.
List to sale percentage: 93%, down from 94.47% in December 2009 and 95.96% in November

Spanish Fort: 12
Daphne: 15
Fairhope: 9
Lake Forest: 7

(Data from the Baldwin County Multiple Listing Service)

I just wanted to let you all know that I am now with Remax Realty Centre! It is an exciting move for me and I look forward to the opportunities that will come with the Remax name and The Remax Realty Centre family of agents. I am still primarily listing and selling beach and bay front condos in Orange Beach and Gulf Shores, Alabama. If there is anything I can do to help you please let me know.

Don't forget, I pay referrals to agents regardless of your company affiliation!

I look forward to working with you!

Thanks,

Emily Brunette-Mitchell