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Gulf Shores Beach Condos
A Statistical Analysis of how to determine the best offer to make on a Beach Condo

1. Introduction

“Toes in the water, ass in the sand, not a worry in the world a cold beer in my hand, life is good today...” lyrics that come to mind when I think about owning my own beach condo. Growing up my grandmother had a condo in Gulf Shores, Alabama and we would go every summer. I have very fond memories of the beach. I recently purchased my first home, a condo in downtown New Orleans, and I am already eager to own more real estate. I learned through the process of purchasing a home how important the offer you make on the property is. The offer you make can make or break the deal. My dream is to one day own my own little piece or paradise, a condo on the beach. Condos differ from regular houses in many ways. While you do have to pay a condo fee, you do not have to worry about many maintenance issues. For example a roof or landscaping, and often times if something does break there is a maintenance person on site that can fix it for you. I personally love condo living, getting to know your neighbors at the pool and the social aspect is certainly my favorite.

Condos on the beach in Gulf Shores, Alabama are high demand real estate just as condos in downtown New Orleans. On average homes in America sell for 4% less than the listed price. How does one go about obtaining high demand real estate? You don’t want overpay, though you don’t want to insult the seller with a low offer and lose your chance at your dream property. I took a sample of 30, 2-3 bedroom condos on the beach in Gulf Shores, Alabama from the site Zillow. I found that often the listing/asking price was not far from the price sold, and in some cases the listing price was exceeded. In this study I will analyze the difference in the price listed versus the price sold of high

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