With today's Real Estate Market being a bit flat nation wide. Sellers and potential seller are still holding out on price. Not wanting to reduce the price on their properties thinking they will get the price "they want for a home. Not realizing a home will only sell for what the market will bare. In other words a home is only going to sell for what a buyer will pay for it. Seller have in their mind what they think their house is worth. They may have done upgrade and improvements and drop invested money into the property with the expectation of making that money back when they sell. This also can end up being a bad deal for the seller because the modifications to the home or upgrade may or may not be what a potential buyer deems worthy of a particular price.

Enter the Comparable property Analysis. A way the check the potential value of a home. The comparable are done via statistical data in the surrounding area. Its best not to use to wide of range in miles around a piece of property. CMA cannot be considered information for appraisal but just a professional opinion of how much a home is worth. Most multiple Listing Services provide a wealth of information and computer generated reports. There are many pubic resources for comparing property values. However the problem is that they draw from tax table and keys that are based on assed property value. Most tax fare market values run 15 to 20% below what a property will sell for on the market. The general public is not aware of this fact. Most think that information give them an accurate assessment.

The best way to get your homes value is by using the professional opinion of a Realtor. The other way it to get an appraisal. The appraisal will cost you anywhere from $250 to $400. If you don't want to plunk down that kind of money then you are back to using a Realtor. Most will provide you a professional opinion at no coast. Or at the very least provide you enough information to help you make a decision on just how much you can get for your property. Remember it is not what you think your house is worth. But how much someone else will pay for your house after it is shown. Would you like the profession opinion of a Realtor in the City of Mobile Alabama?

Then visit www.compareyourproperty.com

 I am at your service!

 

Recently my office did a little free seminar on blogging. I was not able to attend due to scheduling issue. However seeing that I have several blogs and web sites I could not resist lending a hand off site. Knowing that blogging and running web sites can be time consuming, I did not expect much turn out. However there was one Agent in my office that did show interest after taking part in the seminar. Daisy asked me about blogging and wanted some help to get started. Well needless to say she did have a start up blog at another web site. However the first thing I did was tell her to forget about it and come on over to activerain! The best Real Estate Network on the internet.

I took her to my main web site and got her over via the referral link know that it would mean a few points. I have been quite busy and not active so why not! Those few point put me over the 8000 range for just the referral. Daisy is not set up as a member and on her way to using the site. I figure she will have a lot more fun and learn alot more about blogging. Not to mention the huge potential of networking with activerain! So lets all welcome Daisy to activerain with some comments and tips and information. Share your experiences here and more !!

 

This is her activerain web site http://activerain.com/exitwithdaisy

 

 

The Market is alive and well in the Atlanta Georgia area. This Luxury home is for sale. 2916 Dunhill Trail WOODSTOCK, GA 30189 4 Bed, 4.5 Bath | MLS ID #3808613 $419,900 Why do I have a home in Atlanta and I am in Mobile? It belong to a relocation I am working with in mobile. The home is on the market in Atlanta. Visit the web page 2916_Dunhill_Trail_WOODSTOCK_GA_30189 and bring your buyer. Contact the agent that has this listing. He is waiting to here from you.

Yes its true to say they are desperate to kick start the economy. With the 700 billion dollar bail out passed and in the works. Now the Fed Chairman kicking around with Bush  and wanting to see another stimulus package of hand out checks to citizens. The talk of buying up Corporate paper to loosen up and release the credit market for Banks.

All this seems to be going for naught right now. Tweaking here and there trying to see what will work. With the only positive effect being the slow down in the economy having a positive effect for the consumer in the lowering of the price of oil that has cascaded down to lowering of gas prices at the pump. Lower gas prices will in no means boost the sluggish economy. With retailers gearing up early for the holiday season with lower prices and sales trying to make sure the holiday season is profitable. Knowing full well its make or break for them during this time of year.

Another stimulus package is not a bad idea from my point of view. What the heck I will take another check from Ol' Uncle Sam. However the last stimulus package had little if no effect on the economy with most citizens taking that money and putting it away or paying off some debt. Not really putting it back into the system with purchase of consumer goods as expected.

My confidence is secure in the ability of the economy and the Country to bounce back. I see it as the natural order of things. We are simply reaching the bottom of natural swings of up and down. Good times and bad times... a natural boom and bust.This country has seen many swing over its life time over the centuries. As time goes by and things improve we will be talking about the days when things were slow. You just can't have it good all the time. There must be swing of up and down.

The Real Estate market Nationally has almost reached its bottom. Probably another year of slide downward in prices as sellers realize they will have to bit the bullet and lower prices in order to move their properties. With pockets around the country still doing well with property values still in appreciation mode. I live and work in one of those pockets here in Mobile. Property values have dropped to some degree. However not as much as the national average. As soon as the credit markets are free the sale of property will resume in earnest. With home buyer having the luxury of being able to pick and choose bargains not seen in years past.

With the country being entrenched in a economic down turn. Volatile stock market and credit bound up. The Real Estate market in Mobile has held its own. Granted there was a bit of a slow down in the market but it was not impacted like the rest of the country. The city of Mobile has plenty of amenities with new industry moving in and innovative leadership that has forward thinking vision of placing Mobile in the position to be a world class city.

Planning controlled growth and expansion with deliberate control on how a what the city and surrounding areas in the County will progress. This steady growth in the Real Estate market in the area is visible with property values holding steady a bit lower but still up. You can buy much more house for your money in the City of Mobile than anywhere else in the country. Instead of being 2 or 3 hours from the beach you are only 10 to 30 minutes from Dauphin Island. 10 to 15 minutes from the many multi cultural activities that take place in the city year round. 10 to 20 minutes from a Cruise Ship that has a permanent home docked right downtown.

New housing starts have remained steady with new construction leading the way. Custom builders and track builders the like have not been swayed by the down turn in the national market and remain confident in selling inventory. Proving buyer incentives to prospective home buyers. The upcoming Parade of homes is a prime example of the confidence in the Mobile housing market. The expectation of job growth is high and the high expectation of new business start ups that are spin offs of new industry.

Things are good down here on the Gulf Coast with the Coty of Mobile leading the way as the National market recovers from the recent down turn. I expect the see overall sales pick up quickly within the next 2 years as the economy recovers from the credit crunch and downturn of the Stock markets. If you are thinking about living on the beautiful Gulf Coast, Mobile Alabama is a best kept secret.

Cumlative Sales 2008

Sales Mobile Alabama 2008
Month	Year	Monthly Sales	Avg ListPrice	Avg Sale Price	% Diff Sell/list	Avg DOM	Current Inventory	Months Inventory
January	2008	147	$133,264	$129,937	97.50%	73.0	1404	9.55
February	2008	179	$160,481	$156,353	97.43%	79.0	1454	8.12
March	2008	195	$154,621	$151,090	97.72%	79.0	1495	7.67
April	2008	196	$169,890	$165,614	97.48%	77.0	1500	7.65
May	2008	264	$169,225	$163,358	96.53%	88.0	1525	5.78
June	2008	221	$184,615	$181,564	98.35%	92.0	1573	7.12
July	2008	206	$165,212	$161,520	97.77%	74.0	1567	7.61
August	2008	180	$156,306	$152,080	97.30%	73.0	1581	8.78
September	2008	169	$161,381	$158,114	97.98%	85.0	1591	9.41
Total	2008	1757	$161,666	$157,737	97.57%	80.0	1,521	7.97
Total	2008-2008	1757	$161,666	$157,737	97.57%	80.0	1,521	8.00

Wow where does the time go!! This month on the 21st will be a full year as a member of activerain. It has been a fantastic place to promote and I actually got a listing via the network. Not a flood of leads but still this network has been a great place to be. Mainly because of the magic word. FREE!!!  

I want to welcome my broker to activerain. He is James  "Jimmy" Lyon. Owner of the state franchise rights of Mississippi with Exit Corp. Also owner of the 1st Exit Corp franchise in Alabama. My brokerage Exit Realty Lyon. One of the best places in the country to practice Real Estate!  

 

Be sure to stop by Jimmy's page and welcome him to activerain! http://activerain.com/jameslyon

For Sale 7613 WILLARD DR W THEODORE, AL 36582
SOLD ! SOLD !!


The Tillmans Corner /THEODORE Alabama areas are actually small townships. But are almost a suburb just south of Mobile. Full of shopping and entertainment. Located 15 minutes from every where this home is perfect for the first time home buyer.
Room Type Lvl Dimnsns
LivingRm 11x18
Sep. DR 11x9
Bedroom 11x12
Bedroom 9x14
Bedroom 12x14
Kitchen 12x9

Located in popular Country Club Estates Subdivision. This home could be right for you!