Home for Sale at Sedlack Rd. South of Highway 104, Silverhill, AL 36576

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Sedlack Rd. South Of Highway 104
Silverhill, AL 36576

Online Sales Advisor with D.R. Horton - Baldwin, original listing -

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Property Details

List Price:	$384,900
Beds:	4
Baths:	Full: 2
Status:	Active
SqFt:	2047 Square Feet
Agency:	D.R. Horton - Baldwin
Agency Phone:

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Description/Comments

Lot Size:	0 sqft
Property Type:	Residential-Single Family Residence
Year Built:	--
Notes:	Step into the Carin at Adeline Estates in Silverhill, Alabama. This spacious home with a great layout boasts 2 ,047 sq.ft., 4 bedrooms, 2 bathrooms and a 2-car garage. It is a one-story home offering great convivence and flexibility. The Cairn has a fabulous, open kitchen perfect for gatherings featuring a walk-in pantry and large island. The kitchen overlooks the dining and living room combination leading outside to a large, covered porch for an extended living and entertaining space. You will love the private bedroom which has a roomy ensuite, double bowl vanity, 5 separate shower, soaking tub, and an oversized walk-in closet. The bedroom suite allows natural light from large windows creating an inviting, spacious retreat. The second and third bedrooms are to the front of the home, nestled close to the second full bath and laundry room. The fourth bedroom is across from the second and third bedrooms, behind the garage. This home has plenty of storage space with multiple closets, the garage and laundry room, and the large pantry. This home is a ''Smart Home'', a standard package that includes: Kwikset lock, Sky Bell and digital thermostat, all of which are integrated with the Qolsys IQ touch panel and an Echo Dot device. This home is being built to Gold FORTIFIED HomeTM certification (See Sales Representative for details.) There is so much to love about this spacious floorplan. Schedule a tour to see for yourself and find your new home at Adeline Estates in Silverhill, AL today! Pictures are of similar home and not necessarily of subject property, including interior and exterior colors, options, and finishes. Buyer to verify all information during due diligence.
MlsNumber:	--
ListingId:	56884+5ECF

Listing Provided By:	D.R. Horton - Baldwin, original listing
Phone:	(251) 325-1292
Agent Name:	Online Sales Advisor
Disclaimer:	Copyright © 2024 D.R. Horton. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

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