Posts from April 2022
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21
Tips to make your home more energy efficient this spring
It shouldn't come as a shock that our area has the highest average residen- tial air-conditioning expenditures in the country, according to the U.S. Energy Information Administration (EIA). In fact, those electricity costs are probably already on the rise this April thanks to our warming spring weather kicking on the A/C.
Around this time each year, many along Alabama's Gulf Coast consider ways to cut energy costs and make their homes more energy efficient. That's likely even more true this year than most with the average change in energy costs increasing 25.6 percent from February 2021 to February 2022, according to the Bureau of Labor Statistics. Cutting down on drafts by improving caulking and/or insulation around doors and windows as well the atti...
18
March 2022 Alabama Gulf Coast real estate stats
Alabama's Gulf Coast contains several real estate markets depending on location and price point – just to name a few factors. The graphic below shows real estate statistics for March 2022, the latest month available.
Vital Signs provides a visual representation of what's happening in several local markets by showing you supply. The colored-coded numbers represent the absorption rate, the number of months it would take to sell every home on the market in a particular price range if no others were added. If the market is moving quickly, the absorption rate will fall below six months of supply, and if it's more of a buyer's market, it will jump above six months of suppl...
11
Real Estate Basics: What is earnest money?
With all of the moving parts surrounding, well – making a move, the financials can quickly become confusing. One of the often-overlooked portions of purchasing or selling a home is earnest money.
Earnest money is essentially a deposit on the home you would like to purchase. Because a seller removes her property from the market while the closing process is completed, earnest money is seen as a good faith deposit that a buyer intends to carry through with the purchase. If the closing isn't completed, the seller would keep the earnest money unless an issue arises that was outlined as a reason to return the money to the buyer in the purchase agreement.
Most often those pre-outlined issues that would return earnest money are issues with financing, app...
4
Baldwin County March 2022 developments report
New construction is booming in order to meet the demands of the more than 230,000 residents that now call Baldwin County home. Each month Baldwin REALTORS® creates a report from local government meetings to highlight what new developments are in the works in Baldwin County. Below is a brief list of the plans addressed in March 2022.
Fairhope
- In an effort to reduce the number of smaller historic structures being torn down, the Fairhope City Council voted to approve amendments to the accessory structure rule to allow an accessory structure of no more than 5 feet taller than the principal structure (from its tallest roof peak) to be built with a maximum of 30 feet...
