In brief, you should know the following about us. Our company was established over 4 decades ago and had been responsible for providing outstanding service and products ever since. Our specialty is in the area of real estate brokerage, finance, asset management and development. Our regular partners and clients particularly value our dedication to detail and creative cost effective solutions.
Greater Southeast Gulf Coast
As well as the West Coast of America and Mexico. We are also active in the Heart of Dixie Land Gold Coast.
We love this part of this part of the country and are investing in a variety of diversified affordable properties in the undervalued and overlooked area of the beautiful Greater Southern Gulf Coast.
The aging baby-boomer population and emerging demographic trends in the United States are creating new trends in residential real estate, and subsequently influencing all aspects of real estate investment and development.
BABY BOOMERS
Baby boomers represent a large percentage of the American population. Of 294 million Americans, 25% are over the age of 50 and another 35 million baby boomers are between the ages of 40 and 50. That means that 37% of the American population is over 40 years old and are either in or near retirement. This number will only continue to increase as breakthroughs in science and technology are leading to longer life expectancies and improved quality of life. It is estimated that 73 million baby boomers will be retiring in the next 10-15 years. Baby boomers are in their peak earning years, and the leading edge of their generation is approaching retirement as we speak.
VACATION PROPERTY AND SECOND HOMES
As baby boomers continue to have the financial wherewithal to purchase secondhomes as a vacation property, investment opportunity, or perhaps as a retirement retreat, those baby boomers will continue to drive the market for second-homes. “It is likely that over the next decade we will continue to see historically high level of second home sales”
(NAR). As baby-boomers acquire large sums of income, they are buying second homes and investment properties at a record pace. In fact, according to the National Association of Realtors, of all homes purchased in 2004, 23 percent were purchased for investment and 13 percent were purchased as vacation homes. There has been an increase of 19.8% for vacation home sales over the last year. Of these vacation homes, 83% were singlefamily detached homes with a median size of 1,290 square feet. According to Centex Destination Properties, 25% of affluent households today express interest in second-homeownership over the next 2-3 years. Their study notes that the most sought after home attributes are low upkeep and maintenance, proximity to shops and restaurants, walking paths, and outdoor activities. The primary market for potential second-home buyers is projected to double from 5.8 million in 2000 to 11.4 million in 2009. According to this survey, the average purchase price respondents were willing to pay for a second home was $350,000 for a detached home and $295,000 for an attached dwelling. In addition,second homes and vacation properties are now relatively easy to finance, according to LendingTree.com.
DEMOGRAPHIC TRENDS
Moreover, these baby boomers are buying these properties in the red-hot southern states. There is a huge migration to the south. In fact, from 1995-2015, 7 of the 10 fastest growing states (by means of total population gained) will be in the south and west.In fact, the five fastest growing states are all in the south. From 2003 – 2004, the South had the largest numerical increase in population among regions with a surge of 1.5 million people. This trend will undoubtedly continue into the future. According to the U.S. Census Bureau, 88% of the nation’s population growth between 2000 and 2030 will occur in the South and West. The reasons for this are threefold. First, southern states offer a warmer, more hospitable climate. As baby-boomers age, they want to be in a comfortable atmosphere void of snowstorms that hit the northeast. According to this Centex’s study, the most desirable locations for vacation properties and second homes offer a temperate climate.
Secondly, southern states have a relatively large amount of land. As the North and East coasts have grown and become increasingly congested and expensive, a real migration is occurring. The northeast has become one huge suburban metropolis from New York City to Washington D.C. However, the south has plenty of room to grow. Thirdly, people want to be a part of a thriving community. Southern states offer a sense of community that is often lost in huge cities. Southern hospitality is known around the world and continues to be a draw for visitorsfor
INLAND WATERFRONT & RESORT PROPERTIES
The scarcity of inland waterfront property and continued increase in demand will ultimately lead to skyrocketing property values and tremendous returns for investors.
“Vacation homes can be found in every state, with the most popular locations by the water or in the mountains. Most buyers prefer locations within an easy drive” (NAR). In fact, 76% want to be near an ocean, river or lake; 38% close to mountains or other natural attractions.
According to “The Real Estate Series”, small resort towns and recreational areas are the premier real estate buy. The renowned demographer Harry Dent summed it up by saying “Resort and vacation property is the best investment for this decade”. Since there is a relatively limited supply of truly beautiful recreational centers, these towns naturally attract the most affluent retirees and baby boomers.
A typical vacation home was a single-family detached home, accounting for 83% of vacation home purchases in 2004. According to John Dundee, a licensed real estate broker and investor with American Banker Trust and Loan, “The last few years in particular have seen a colossal boom in the selling of inland water and lake front property. Inland waterfront property overall is booming. People are excited and flocking to inland waterfront properties to purchase weekend homes as well as permanent primary homes”.
In Alabama, with no new dams planned for the state, lakefront real estate is at a premium. Additionally, the coasts have become overcrowded and extremely congested. This fact, toppled with the scarcity of coastal land and the increasing demand, has led to astronomical and seemingly unaffordable prices along the coasts of the United States. Additionally, hurricanes are forecasted to be more numerous and therefore more dangerous, deadly, and destructive for people who own property along the coast.
California West Coast & Southwest Sunbelt
We love this part of this part of the country and are investing in a variety of diversified affordable properties in the
