Gulf Shores Foreclosures and Short Sales
If you love relaxing on the beach and listening to the gentle waves roll on shore, the Gulf Shores area is the place for you. Family-friendly neighborhoods, great schools, and a bountiful amount of activities are more than enough to convince visitors to stay and call Gulf Shores their home. Whether you like sitting down on the beach and sipping a nice drink or going out and discovering the secrets of Mobile Bay, you’ll definitely find something to keep you entertained.
Activities & Attractions around Gulf Shore include:
- Water sports – sailing, boating, swimming, jet skiing, snorkeling
- Gulf Shores and Championship Golf Course
- Visiting the historic Fort Morgan
- Taking a cruise along Orange Beach
- Touring the Alabama Gulf Coast Zoo
Why Buying Gulf Shores Foreclosed & Short Sale Homes is Beneficial
A house in foreclosure means the current owner was unable to keep up mortgage payments and is in the process of being repossessed by the mortgage lender. Reasons for this could range from the owner having excessive debt or being laid off from work. When a house goes on “short sale,” it means the owner is facing the threat of foreclosure and agrees with the mortgage lender to sell the property for less than is owed.
There are several benefits to buying foreclosed and short sale properties. One, is you can buy the house for a bargain price. Usually homes will be priced below market value, and you still have room to bargain. Second, they are great for first-time home buyers, since lenders will offer the property for low-down payments. Third, is that it allows you to move into better neighborhoods such as those in Gulf Shores. People who weren’t able to keep up with the higher-priced area are now offering a cheaper price tag in order to sell quickly. And lastly, it allows you to build wealth. If you buy a house at below-market price, typically that property will gain value over the years, allowing you to use the extra money to buy a higher-priced house or to invest.
Gulf Shores Real Estate
Properties in foreclosure or on short sale are some of the best buys in Alabama. Homes range from large estates to bay houses, and they’re offered at below-market prices. You’ll be able to enjoy the proximity of the beach and many outdoor activities.
Some areas that contain foreclosure and short sale homes are: