Gulf Coast Real Estate and Community News

Aug. 16, 2019

Buyer and Seller Guides

What Should You Consider When Buying or Selling a Home?

Read Our FREE Guides to Find Out!

The process of buying or selling a home can be overwhelming at times, but you don't need to go through it alone!
We put together a FREE Guide for you that will answer many of your questions and likely bring up a few things you haven't even thought about yet. Just click the guide below to read it now!
     
Along with these helpful guides, we have many other resources for buyers and sellers on our website. From market reports, useful videos, powerful property searches, and even community news!

 

 

Aug. 9, 2019

Inventory in the Current Market

The current housing landscape presents greater home values, low interest rates, and high buyer demand. All of these factors point to the strong market forecast to continue throughout the rest of the year.
There is, however, one thing that may cause the industry to tap the brakes: an overall lack of housing inventoryBuyer demand naturally increases during the summer months, but the current supply is not keeping up.
Here is a look at what a few industry experts
have to say:
“Imbalance persists for mid-to-lower priced homes with solid demand and insufficient supply, which is consequently pushing up home prices.”
“Market conditions are ripe for increasing home sales with one glaring exception. The supply of homes for sale remains tight, keeping existing home sales below potential.”
“We're not seeing as many new listings come up on the market…It was only 18 months ago that the number of homes for sale hit its lowest level in recorded history and sparked the fiercest competition among buyers we've ever seen.”
Bottom Line
If you’re thinking of selling, now may be the time. Demand for your condo or home will be strong during a period when there is very little competition, ideally leading to a quick sale and a great return on your investment.
Low inventory across Perdido Key/ Orange Beach/ Gulf Shores has been at historic levels going on 2 years. There does not seem to be any change in the near future. Ideal time to sell!
Sellers! Click the link below for additional information on the current market and guides to selling your home!
Aug. 2, 2019

Home Improvement ROI

Thinking of remodeling?
Remodeling Magazine's newly-released report of
Cost Vs. Value shows that the average return on investment (ROI) for home improvement projects dipped across the board. Check out the statistics below on different projects. You may be surprised!
Greatest ROI in "Midrange" Category:
Manufactured Stone Veneer 
(97.1% ROI)
  • Average Cost: $8,221
  • Average Resale Value: $7,986
Entry Door Replacement (Steel) 
(91.3% ROI)
  • Average Cost: $1,471
  • Average Resale Value: $1,344
Deck Addition (Wood) 
(82.8% ROI)
  • Average Cost: $10,950
  • Average Resale Value: $9,065
Minor Kitchen Remodel 
(81.1% ROI)
  • Average Cost: $21,198
  • Average Resale Value: $17,193

Greatest ROI in "Upscale" Category:

Garage Door Replacement 
(98.3% ROI)
  • Average Cost: $3,470
  • Average Resale Value: $3,411
Window Replacement (Vinyl) 
(74.3% ROI)
  • Average Cost: $15,955
  • Average Resale Value: $11,855
Window Replacement (Wood) 
(69.5% ROI)
  • Average Cost: $19,391
  • Average Resale Value: $13,468
Grand Entrance (Fiberglass) 
(67.6% ROI)
  • Average Cost: $8,591
  • Average Resale Value: $5,809

Lowest ROI in the "Midrange" Category:

Backyard Patio (47.6% ROI)
  • Average Cost: $54,130
  • Average Resale Value: $25,769
Master Suite Addition (56.6% ROI)
  • Average Cost: $123,420
  • Average Resale Value: $69,807
Major Kitchen Remodel (59% ROI)
  • Average Cost: $63,829
  • Average Resale Value: $37,637
Bathroom Addition (59.9% ROI)
  • Average Cost: $44,717
  • Average Resale Value: $26,769

Lowest ROI in the "upscale" Category:

Master Suite Addition (48.3% ROI)
  • Average Cost: $256,229
  • Average Resale Value: $123,797
Major Kitchen Remodel (53.5% ROI)
  • Average Cost: $125,721
  • Average Resale Value: $67,212
Bathroom Addition (54.6% ROI)
  • Average Cost: $83,869
  • Average Resale Value: $45,752
Bathroom Remodel (56.2% ROI)
  • Average Cost: $61,662
  • Average Resale Value: $34,633

Sellers! Click HERE for additional information on staging, upgrades, and ROI details!

July 28, 2019

New 3D Technology

Posted in Buying a Home
July 26, 2019

Labor Day Happenings

 

As we approach the end of Summer - we prepare for the kids to go back to school, and the days get shorter. But there is still plenty to do in the Perdido area! Check out these events going on the last Summer holiday of the year - Labor Day!

OWA Labor Day Car Show
OWA will play host to decades of unique and classic cars from 8am-4pm, Aug. 31. From hot rods to custom builds, OWA’s Labor Day Car Show is bound to have something that catches your eye! Dozens of beautifully crafted cars will line the streets of Downtown OWA.
Gulf Coast Summer Fest
Jazz Edition
Gulf Coast Summer Fest Jazz Edition is eight hours of contemporary smooth jazz on the water at the Pensacola Community Maritime Park in Pensacola. This is an outdoor event wherein you are allowed to bring your coolers, lawn chairs and umbrellas. This event is held on Saturday, September 2nd before Labor Day.
Flora-Bama Sunset Beach Concert Tour - Justin Moore
The Sunset Beach Concert Series starts on Labor Day with Justin Moore and Easton Corbin in concert on September 1st. Get your ticlets early to enjoy a beach concert unlike any other. Tickets can be purchased through the Flora-Bama.

 

Posted in Community News
July 22, 2019

Best Time To Buy A Vacation Rental

When is the Best Time to Buy a Vacation Rental?

... NOW!
VRBO has determined that the best time for purchasing a vacation rental to maximize the annual earning potential is in August!
“This is the time of year when many people are wrapping up their summer trips and wishing they had a vacation home of their own to return to next year,” says Bill Furlong, vice president of Vrbo, Americas. “While August may not follow traditional trends of the real estate calendar, it’s the perfect time to buy and make all preparations by January to take advantage of the overwhelming traveler demand to book next year’s spring and summer trips.”
155 days is suggested to allow the buyer to shop, purchase, and prepare the property to rent. See the timeline below:
July 10, 2019

Pensacola Beach Airshow THIS Weekend!

In anticipation of traffic concerns, all bridge tolls have been covered from Thursday, July 11 - Sunday, July 14 -Courtesy of Visit Pensacola!

“The Pensacola Beach Airshow featuring the Blue Angels is one of our top signature events, President of Visit Pensacola, Steve Hayes said. By covering the tolls, we hope to invite our guests, both out of town and residents, to have the best experience possible during this event and to realize the resource Visit Pensacola is to telling our community's story.”

The Pensacola Beach Airshow is always a show not to be missed. The show starts at 12 noon but the Blue Angel's fly at 2pm.

Be sure to arrive early to get a good spot!

For more information on the Pensacola Beach Airshow, CLICK HERE!

Visit Pensacola is the destination management organization dedicated to building tourism and providing the best information for Pensacola and surrounding areas. Check out their website for great information - such as area guides, newsletters, and events!

 

Posted in Community News
July 8, 2019

Summer Events in Pensacola

 

Summer time is just heating up in Pensacola and there are still plenty of events to enjoy! Here are some of the best events in the area- we hope to see you there!

 

 

July 19: Gulf Coast Paddle Championship

The 4th Annual Flora-Bama Gulf Coast Paddle Championship is a 2 day event with races held both in the Gulf of Mexico behind the Flora-Bama, and in the river behind Flora-Bama Ole River Grill. The location offers sugar-white sand beaches sitting on the Alabama & Florida State line.

 

July 28th: Wine, Spirit & Food Festival at Skopelos

On July 28th, transport yourself to beautiful vineyards, sip on the smoothest spirits, and indulge in delicious cuisine when the 2nd annual Skopelos Wine, Spirit & Food Festival presents Flavors From Around the World!

 

August 5-11th: Summer Restaurant Week

The Fish House, Jackson’s Steakhouse, Atlas Oyster House and Five Sisters Blues Café will once again team up to present Summer Restaurant Week, August 5–11, 2019. In step with similar events in cities all around the country, Restaurant Week is a culinary celebration that offers residents and visitors alike world-class dining at a great value.

August 10th: Sea Turtle Baby Shower

Meet Mia the Mermaid or take the Sea Turtle Oath at the Sea Turtle Baby Shower, Saturday, August 10th from 2:30 to 6:30 p.m. at Landshark Landing at Margaritaville Beach Hotel. It’s a celebration of our sea turtle!

Posted in Community News
June 27, 2019

Florida Homeowner Claims Bill of Rights

When disaster strikes -

do you know your rights?

 

This Bill of Rights summarizes, in nontechnical terms, your rights as a Florida Homeowner who files an insurance claim. This does not represent all your rights as a policyholder in the state of Florida - it is specific to the claims process.

 

YOU HAVE THE RIGHT TO RECEIVE:

1.   Acknowledgement of your reported claim within 14 days from your insurance company.

2.   Information regarding the claim being covered, denied, or investigated, within 30 days of your insurance company receiving your completed proof of loss form.

3.   Full payment, partial payment of the undisputed portion, or denial of your claim within 90 days - subject to any dual interest noted in the policy.

4.   Free mediation of your disputed claim with the Florida Department of Financial Services Division of Consumer Services - subject to certain restrictions.

5.   Neutral evaluation of your disputed claim caused by sinkhole damage.

6.   Assistance with your insurance claim from the Florida Department of Financial Services Division of Consumer Services’ toll-free helpline at 1-877-693-5236, or online at the Florida Department of Financial Services Division of Consumer Services’ website at www.myfloridacfo.com.

 

YOU ARE ADVISED TO:

1.   Contact your insurance company before entering into any contract for repairs to confirm any repair policy provisions or preferred vendors.

2.   Make and document emergency repairs to prevent further damage. Take photographs before and after and keep all receipts.

3.   Read all contracts carefully that require you to pay out-of-pocket expenses or a fee based on a percentage of the insurance proceeds that you will receive for repairing or replacing your property.

4.   Confirm your selected contractor is licensed to do business in Florida. Call the Florida Department of Business and Professional Regulation to verify a contractor’s license and ask the contractor for references from previous work.

5.   Before a contractor begins repairs, require them to provide proof of insurance.

6.   If the damage to your property requires you to evacuate, secure your property and turn off the gas, water, and electricity, and contact your insurance company to provide the phone number where you can be reached.

 

Special Thanks to Zarahn Insurance Agency for providing this information!

 

To View the Full Version of the

Homeowner Claims Bill of Rights CLICK HERE

Posted in Homeownership
June 21, 2019

July Happenings in Pensacola

 

July is a month meant to be celebrated! Whether it's fireworks, concerts, or jets - there is plenty to do in Pensacola! Here are just a few events you won’t want to miss for Independence Day, and all the rest of the beautiful days of July.

 

July 4th Independence Day Celebration

Celebrate July 4th in Seville Square at the 29th annual Sertoma's Independence Day Celebration! There will be a variety of activities throughout the day from 11a-6pm and plenty of vendors. Don't miss the hot dog eating contest starting at noon!

To top off the festivities, the Gulf Coast's largest fireworks display will begin at 9pm over Pensacola Bay! The show is perfectly synchronized with music to be broadcast on Cat Country 98.7...so bring your radios!

 

Blues on the Bay Concert Series

If you’ve still got some celebration left in you after Independence Day, you should strongly consider coming down to Community Maritime Park at the Hunter Amphitheater where there will be a free concert on most Sundays in July! These will be repeating concerts with different musicians – all starting at 6:00pm and all free!

 

Pensacola Beach Air Show

The Pensacola Beach Air Show takes place on July10th-13th. Our globally renowned Blue Angels will be performing over Pensacola Beach on Santa Rosa Island. Civilian acts begin at noon and the Blues will fly at 2:00 pm.

 

20UWF Summer Festival Chorus: Choral Masterpieces

If you like wine and food with flavors from all over the world – this is an event you won’t want to miss.

On July 28th, Skopelos at New World will host award-winning Chefs serving gourmet national and international culinary bites. Live jazz will set the tone of the event and there will be complimentary raffles with many prizes. The festival will be from 3:00-6:00pm.Parking is free but tickets are $55 before/$65 at the door. Tickets include all drink and food tastings in the event

Posted in Community News