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Steps To Buying Mobile AL Short Sales - 08/30/08 11:29 AM
In the current Mobile AL real estate market, there has been a lot of buzz around "short sales." What is a short sale, exactly? A short sale is when a lender agrees to accept a mortgage payoff amount less than what is owed in order to facilitate a sale of a property by a financially distressed owner - in essence, the lender forgives the outstanding balance of the loan. There are pro's and con's to short sales on both sides of the deal. For the seller, credit history is seriously damaged, but not as badly as it would be by foreclosure. Sellers (0 comments)
Mobile AL Real Estate Sales Statistics: May-July 2008 - 08/26/08 08:37 AM
The latest survey by the National Association of Realtors® shows existing-home sales rose from the first quarter in 13 states, largely from buyers responding to discounted home prices. Nearly one-quarter of metropolitan areas showed rising home prices in the second quarter from a year ago, with greatly mixed conditions continuing around the country. Let's take a look at the latest Mobile AL real estate sales statistics from Trulia to see if Mobile AL home sales have increased. Trulia compared May-July 2008 sales with May-July 2007 sales: Mobile AL Real Estate Sales Statistics, May-July Comparison The number of Mobile AL homes that (0 comments)
How To Sell Your Eastern Shore & Mobile AL Real Estate – In a Hurry! - 08/18/08 12:54 PM
If you have been trying to sell your Eastern Shore and Mobile AL real estate recently, you probably have realized that this is not the ideal time to try to sell a house. With a struggling economy and negative media surrounding the housing market, homes are staying on the market for longer and longer as fewer buyers are making offers on them. So - what do you do if you find yourself in a situation that requires you to sell your home in a hurry? The Wall Street Journal offers the following tips that I hope you'll find helpful: 1. DON'T WAIT (1 comments)
7 Reasons To Own Your Own Mobile AL Home - 08/15/08 04:59 AM
You've probably seen lots of financial arguments about why you should invest in Mobile real estate and own your own home rather than rent. This includes budgeting (no rent increases) and the tax savings you'll most likely have. Now we're going to give you some reasons you probably haven't heard. 1. Freedom to pursue other goals in life once the major goal of home ownership is achieved.Strange as it sounds, many of our first-time buyers have told us that once they bought the house, other things in their life started to fall into place. It's as if not owning took so much of (0 comments)
Eastern Shore of Mobile Bay AL Real Estate: Is Renting Your Vacation Home For You? - 08/11/08 12:17 PM
One of the biggest decision Eastern Shore of Mobile Bay AL second-home buyers must decide is whether or not to rent their property when they are not using it. According to the U.S. Census Bureau, one-half of all second-home owners leave their home unoccupied for more than 330 days a year. The question becomes, will your vacation home be a financial burden or a financial cow with the rental income is can generate, thus paying for itself Renting does have its pros and cons. Some owners don't like the idea of ‘strangers' in their home. Others don't want the hassle of being a (0 comments)
How Does The Housing Recovery Act Help Mobile Home Buyers - 08/07/08 05:13 PM
President Bush signed into law this week The Housing and Economic Recovery Act. This is the most sweeping change to housing reform since the New Deal of 1934. It is designed to assist more Americans invest in home ownership and shore up the faltering housing and mortgage markets. Like any legislation, it comes with the good and the bad. I encourage you to write your Congressmen to see if we can get legislation to revoke some of the bad. For example, effective October 1, 2008, FHA will increase the minimum required down payment from 3% to 3.5% for Mobile home buyers. The legislation (0 comments)
Eastern Shore & Mobile Real Estate Update - 08/04/08 08:29 AM
Most of you are asking, "What's happening in the Mobile real estate market?" Listings are selling, but at a slower pace. Prices seem to be adjusting, but not as low as the media presents to the public. Yes, we do have foreclosures and short sales, but a very small number. Today is a great day for a qualified buyer to purchase MObile real estate. The biggest problem with today is having qualified buyers. What do we project for the future? I think this market will continue as it is until the beginning of 2009. The election will play heavily on people's (0 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.