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December 30, 2008

Mobile Eastern Shore Real Estate Podcast

Filed under: Buyers, Mobile Bay Area, Real Estate, Sellers — Morgan @ 1:40 pm

Judy Niemeyer of RE/MAX By The Bay presents:

This month’s edition covers Mobile Eastern Shore real estate market activity and then we’ll share three important tips for buying and selling in today’s holiday market.

Features special guest Terri Murphy of US Learning.

Program length: approximately 6 1/2 minutes

download podcast mp3 file | subscribe to podcast feed

Learn more about Baldwin County real estate, please contact us at 251-990-0569 or visit JudySells.com

Begin searching for Baldwin County real estate and homes for sale.

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December 24, 2008

Baldwin County Real Estate: America Seeks Lending Oversight

Filed under: Real Estate — Morgan @ 6:45 am

Baldwin County Real Estate: America Seeks Lending Oversight

Americans are ready for more government oversight of the mortgage and lending industry.

According to the 2008 National Housing Pulse Survey, 56 percent of those surveyed favor a more active government role. Nearly eight out of 10 consumers believe the country is headed in the wrong direction, and a majority rate the current economy as poor. 

Foreclosures are also a big concern among those surveyed. Over one-quarter were worried about their home or the home of a family member entering foreclosure. 

However, there were signs of optimism. Eighty percent are confident they could refinance should they have the need, and only 8 percent are worried about their ability to make their mortgage payments over the next year. 

Read the entire report here.  

Learn more about Baldwin County real estate, please contact us at 251-990-0569 or visit JudySells.com

Begin searching for Baldwin County real estate and homes for sale.

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December 21, 2008

Do You Believe In Santa Claus Baldwin County?

Filed under: Mobile Bay Area — Morgan @ 8:31 am

Do You Believe In Santa Claus Baldwin County?

If you are a skeptic, this story may turn you into a believer. The author is unknown.

I remember my first Christmas adventure with Grandma. I was just a kid. I remember tearing across town on my bike to visit her on the day my big sister dropped the bomb: “There is no Santa Claus,” she jeered. Even dummies know that!” My Grandma was not the gushy kind, never had been. I fled to her that day because I knew she would be straight with me. I knew Grandma always told the truth, and I knew that the truth always went down a whole lot easier when swallowed with one of her “world-famous” cinnamon buns. I knew they were world-famous, because Grandma said so. It had to be true. Grandma was home, and the buns were still warm. Between bites, I told her everything. She was ready for me.

“No Santa Claus?” she snorted….”Ridiculous! Don’t believe it.
That rumor has been going around for years, and it makes me mad, plain mad!! Now, put on your coat, and let’s go.” “Go where Grandma?” I hadn’t even finished with my second cinnamon bun yet.

“Where” turned out to be Kerby’s General Store, the one store in town that had a little bit of just about everything. As we walked through its doors, Grandma handed me ten dollars.

That was a bundle in those days. “Take this money,” she said, “and buy something for someone who needs it. I’ll wait for you in the car.” Then she turned and walked out of Kerby’s. I was only eight years old. I’d often gone shopping with my mother, but never had I shopped for anything all by myself.

The store seemed big and crowded, full of people scrambling to finish their Christmas shopping. For a few moments I just stood there, confused, clutching that ten-dollar bill, wondering what to buy, and who on earth to buy it for. I thought of everybody I knew: my family, my friends, my neighbors, the kids at school, and the people who went to my church.

I was just about thought out, when I suddenly thought of Bobby Decker. He was a kid with bad breath and messy hair, and he sat right behind me in Mrs. Pollock’s grade-two class. Bobby Decker didn’t have a coat. I knew that because he never went out to recess during the winter. His mother always wrote a note, telling the teacher that he had a cough, but all we kids knew that Bobby Decker didn’t have a cough; he didn’t have a good coat. I fingered the ten-dollar bill with growing excitement. I would buy Bobby Decker a coat!

I settled on a red corduroy one that had a hood to it. It looked real warm, and he would like that. “Is this a Christmas present for someone?” the lady behind the counter asked kindly, as I laid my ten dollars down. “Yes, ma’am,” I replied shyly. “It’s for Bobby.” The nice lady smiled at me, as I told her about how Bobby really needed a good winter coat.

I didn’t get any change, but she put the coat in a bag, smiled again, and wished me a Merry Christmas.

That evening, Grandma helped me wrap the coat (a little tag fell out of the coat, and Grandma tucked it in her Bible) in Christmas paper and ribbons and wrote, “To Bobby, From Santa Claus” on it. Grandma drove to Bobby Decker’s house, explaining as we went that I was now and forever officially, one of Santa’s helpers. Grandma parked down the street from Bobby’s house, and she and I crept noiselessly and hid in the bushes by his front walk. Then Grandma gave me a nudge. “All right, Santa Claus,” she whispered, “get going.”

I took a deep breath, dashed for his front door, threw the present down on his step, pounded his door and flew back to the safety of the bushes and Grandma.

Together we waited breathlessly in the darkness for the front door to open.

Finally it did, and there stood Bobby.

Fifty years haven’t dimmed the thrill of those moments spent shivering, beside my Grandma, in Bobby Decker’s bushes.

That night, I realized that those awful rumors about Santa Claus were just what Grandma said they were: ridiculous. Santa was alive and well, and we were on his team. I still have the Bible, with the coat tag tucked inside: $19.95.

Think about doing something this holiday season that will make you one of Santa’s helpers!

 

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December 16, 2008

Mobile Bay Real Estate: Regulatory Reform Expected With Obama Presidency

Filed under: Mobile Bay Area, Real Estate — Morgan @ 9:46 am

Mobile Bay Real Estate: Regulatory Reform Expected With Obama Presidency

The upcoming presidential transition comes at a time of great challenges within the housing industry and the economy at large. Consequently, many are wondering what a Barack Obama presidency will mean for real estate and housing issues.

National Association of Realtors analysts expect the Obama administration and the new Democratic-controlled Congress to focus on regulatory reform of the financial services industry, with potential changes to Fannie Mae and Freddie Mac.

This fall, Obama responded to Realtor® Magazine’s questions about the mortgage crisis, sustainable development, housing affordability and other topics. Read the interview here.

If you want to learn about Mobile Bay real estate, please contact us at 251-990-0569 or visit JudySells.com

Begin searching for Mobile Bay real estate and homes for sale.

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December 12, 2008

Mobile Bay Real Estate And Homes For Sale: 450 Village Drive

Filed under: Mobile Bay Area, Real Estate, Residential — Morgan @ 7:51 am

Mobile Bay Real Estate And Homes For Sale:

450 Village Drive, Daphne AL 36526
MLS# 131381

MONTROSE VILLAGE IN DAPHNE, AL- MINUTES TO MOBILE. 130 FRONT FEET PLUS 5 ACRES ON MOBILE BAY. INCREDIBLE VIEWS, SANDY BEACH, MANY UPGRADES. DOUBLE MASTER FLEXIBLE FLOOR PLAN, INCREDIBLE DECKS, INDUSTRIAL ROOF. A MUST TO SEE.

Learn about Mobile Bay real estate at JudySells.com or give us a call, 251-990-0569.

Search all Mobile Bay real estate and homes for sale.

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December 9, 2008

Baldwin County AL Real Estate: Reverse 1031 Exchange Demand Rising

Filed under: Real Estate, Sellers — Morgan @ 9:27 am

Baldwin County AL Real Estate: Reverse 1031 Exchange Demand Rising

A slower Baldwin County AL real estate market is creating more of a demand for reverse 1031 exchanges. Properties are taking longer to sell making it difficult for sellers to adhere to 1031 exchange 180 day rules. But there is another option called a Reverse 1031 Exchange allowing for the roll-over of proceeds after closing on another property. Inman had a great article by Ilyce Glink addressing reverse exchanges. Read what she has to say:

Q: We are Canadian citizens who have owned a home in Fort Myers, Fla., for four years. There is no mortgage on the property.

We have put the property up for sale, and have made a down payment on a new house. We have bought and sold in the past, and I understand that as long as the new house is equal or higher in value, there are no capital gains taxes owed on the profits under IRS tax code 1031.

What happens if we have to close on the new house and the existing one has not sold yet? When it does sell, will we be able to use the proceeds of the sale to pay off the new mortgage with no penalty?

A: A 1031 tax-free exchange is used when a real estate investor sells a piece of property and purchases a replacement property that costs at least that much or more. The exchange must happen within a specified period of time. You have 45 days to identify the property and 180 days in which to close.

Many real estate investors are finding that the slow real estate market makes it tough to adhere to the deadlines. What can you do? You can set up a reverse exchange, in which you purchase the new property first and then sell the existing property afterward.

A qualified 1031 exchange company should be able to handle a reverse exchange. But be prepared, as reverse exchanges cost significantly more than a regular 1031 exchange. You should also hire a real estate attorney to make sure you’re doing it correctly and meeting all of the necessary deadlines.

A 1031 tax-free exchange cannot be used on personal property, so be sure that you are not using the property more than the time allotted by the Internal Revenue Service (IRS). Your 1031 exchange company should be able to advise you.

Are you selling Baldwin County AL real estate qualifying for a 1031 exchange? Visit JudySells.com or give me a call for more information.

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