- Find a Real Estate Professional
- Realtors®
- Mortgage Lenders
- Home Improvement Pros
- Other Real Estate Services
- Review an Agent, Lender or Pro
- Marketing on Zillow
- Real Estate Agent Advertising
- Join the Professional Directory
- Popular
- Real Estate Market Reports
- More
Answers (11)
- Clay Branch, "Georgia Loans"
- Contributions:7838
gttom, has anyone built any restaurants on Ft Morgan Road? I used to stay near the end of the road and had to come back to 59 to eat. A dumpy little seafood place would work. Thx.
- sunnyview
- Contributions:25139
It's great that you got the information gttom! Do you think that it's an agent that you can work with if you find a place down the line?
- gttom
- Contributions:6
I finally did find a realtor with the data to back up his opinions, Ricky Carruth. The latest data from the University of South Alabama, courtesy of Mr. Carruth shows median price for the Alabama coast down 8.9%, the number of sales down 25% and ADOM up 14.8% year over year.
- Debra (Debbie) Rose, "Livingston NJ"
- Contributions:2734
gttom - I am surprised no one from your area has come along and offered some of those specific numbers - they are part of any market analysis, and a quick search on any MLS should generate that information.
Good luck
Good luck
- Debra (Debbie) Rose, "Livingston NJ"
- Contributions:2734
gttom - I am curious if you created the link with the word "realtor" in your post, or if it is an "auto link" created by zillow?
I ask, because it could appear/suggest that the agent you are referencing is the agent listed first on the linked list.
If you did not create the link, this is just another example of why I am against the auto linking.
I ask, because it could appear/suggest that the agent you are referencing is the agent listed first on the linked list.
If you did not create the link, this is just another example of why I am against the auto linking.
- SoCal_Engr
- Contributions:5667
@ Gloria,
You may have missed your opportunity. Might have wanted to provide at least some of your supporting data with your original post, as the OP seems to have already done some homework and has some initial data in hand. Too much yada-yada, not enough data-data.
You may have missed your opportunity. Might have wanted to provide at least some of your supporting data with your original post, as the OP seems to have already done some homework and has some initial data in hand. Too much yada-yada, not enough data-data.
- Gloria Sims Crump, "Gloria Sims Crump"
- Contributions:5
I will be happy to provide that data to you. Did you ask your agent for that information as well?
- sunnyview
- Contributions:25139
I think you are asking good questions. If your inventory is what you describe, it is unlikely that your local market is "hot".
You need to ask about historical prices in your area about 2001-2003, see if you can get information on the trends for your areas rents prior to the last 5 years, ask about the length of time to absorb all listed houses whether it is rising or falling and compare current asking prices PITI to rent.
Few agents will advise you not to buy, but good agent can help you collect the data you need to make the best decision you can. Trust your gut.
You need to ask about historical prices in your area about 2001-2003, see if you can get information on the trends for your areas rents prior to the last 5 years, ask about the length of time to absorb all listed houses whether it is rising or falling and compare current asking prices PITI to rent.
Few agents will advise you not to buy, but good agent can help you collect the data you need to make the best decision you can. Trust your gut.
- gttom
- Contributions:6
Any one else have any hard data to support those comments? From what I have seen inventory is triple what it was five years ago and sales are a third of what they were. How does that translate into "heating up". Without data to back up your comments it is just a sales pitch.
- Gloria Sims Crump, "Gloria Sims Crump"
- Contributions:5
The market is warming up overall in this area. Fort Morgan does have an abundance of listings. Since there aren't as many foreclosure listings and there are more buyers in the market, the really good deals do sell quickly. For instance, some of my buyers have missed out on great opportunities because of the multiple offer/bids and didn't bid high enough or they didn't act on it as fast as they should have. This might be what the agent was referencing to. If you don't mind the wait, short sales can be another way to purchase a great deal and you don't have to compete with all the other buyers like on the foreclosures. The lot sales are picking up some but the prices have dropped so much that most buyers are holding on to them for resale in the next few years. If you find something you do like, the best thing to do is to put an offer on it quickly because all the buyers in this market are looking for a "deal!" If you think it is a deal, so will the other buyer. Good luck in this market!!!
What's the truth in Fort Morgan Al.
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.