SELLERS:

1. Choose a successful, aggressive real estate agent.

You will want someone who is familiar with your neighborhood and will be proactive in selling your Mobile Eastern Shore real estate. Ask in advance about his/her plan for marketing your property and make sure it includes, at the very least, an MLS listing, on-line and newspaper advertising, and regularly scheduled open houses.

2. Remember the importance of curb appeal in attracting would-be buyers.

3. De-personalize and de-clutter your home.

Put away family photos and prized collections. Clear countertops. Potential buyers need to be able to envision themselves, not you, in your home and clearly view the favorable features of the property without being distracted by too much “stuff.”

4. Hire a professional appraiser.

An “expert” third party opinion is quite useful in supporting your asking price.

5. Be realistic about pricing your Mobile Eastern Shore real estate.

Look at recent comps, listen to your realtor’s advice, and be competitive. Don’t let your emotions interfere with price negotiations and understand that a “designer décor” doesn’t make the home worth more.

6. Offer incentives to attract buyers.

Such items might include helping defray closing costs or moving expenses, making repairs, replacing appliances and/or carpeting, etc. You should also consider providing a home warranty program for the first year.

7. Be flexible.

You certainly don’t want to lose a buyer because of a settlement date or a request for a conveyance of furniture, tools, draperies, etc. Keep an open mind in your negotiations and be willing to meet the potential buyer halfway. 

BUYERS:

1. Get pre-approved for a loan.

This will provide peace of mind for both you and the seller of Mobile Eastern Shore real estate.

2. Be prepared before you look.

Have a firm idea of what you can spend and a list of features you must have, would like to have, and can do without if necessary.

3. If possible, list your home before buying another.

Contingent contracts can result in complications, and both sellers and lenders are more comfortable with straight-forward purchases.

4. Look beyond the décor of a home.

Walls can be repainted, wallpaper removed, and appliances updated. What should be important are the location, structural condition, and features of the home.

5. Be realistic about price. Check the recent comps in the neighborhood and stay in that range when making an offer. If you make a ridiculously low offer and make the owner feel that you are trying to “steal” his home, you run the risk of eliminating any type of negotiating.

6. When touring a home, practice buyer etiquette.

Watch your children carefully (or leave them at home), remove your shoes, and treat the seller’s belongings with respect.

7. Get a home inspection.

Better to learn of any defects, problems, or even deal-breakers before you buy.

8. Negotiate in a civil and mature manner.

Demanding is not negotiating, and owners of Mobile Eastern Shore real estate will be more likely to consider making repairs and concessions, offering incentives, and/or adjusting the time schedule, etc., if they feel you are “playing fair” with them. Remember that their emotions are also involved in the selling/moving process and that they will appreciate not having to deal with a contentious buyer.

Search all Mobile Eastern Shore homes for sale.

The Judy Niemeyer Team knows that selling or buying a Mobile Eastern Shore home is a major event in your life. It represents one of the largest single investments you may make in your lifetime. It is, therefore, our Goal to make this experience a seamless one. Whether buying Mobile Eastern Shore real estate or marketing Mobile Eastern Shore homes for sale, we will provide unparalleled professional, quality service and the most productive approach to achieving your goals.

You can contact Judy by email or by calling 251-990-0569.

The Mobile Eastern Shore Real Estate Podcast

RESEARCH:

            1. The very first thing you need to do is to become familiar with your state’s foreclosure laws. These statutes will dictate what you can and can’t do in terms of purchasing, financing, and selling foreclosures.

            2. Locate foreclosed properties. Search public records, newspapers, HUD listings, magazines/newsletters specifically dealing with this type of real estate, and the Internet. Also check with your realtor.

            3. Check public records for liens and/or encumbrances.

            4. Know the assessed value of the property and comparable sales prices in the neighborhood.

            5. Learn the differences in buying pre-foreclosures, buying them at a public auction, and buying real estate owned (REO) foreclosures.

PREPARATION:

            1. Find a realtor experienced in foreclosures.

            2. Obtain pre-approval from a lender so that you can act quickly when you find the Mobile Eastern Shore home you want.

            3. Tour the property and inspect it as closely as possible. Have the home inspected by a professional if the lender will allow it.

            4. If you’re an investor, determine what the property will rent for.

            5. Explore financing options.

            6. Determine the extent and cost of needed repairs.

PATIENCE AND PERSEVERENCE:

            1. Be prepared for a great deal of paperwork when you buy a foreclosed Mobile Eastern Shore home.

            2. If at first you don’t succeed…try, try again. Know in advance that this type of purchase can be time-consuming, frustrating, and even risky and that it requires time, effort, and very often, multiple tries before being successful.

The Judy Niemeyer Team knows that selling or buying a Mobile Eastern Shore home is a major event in your life. It represents one of the largest single investments you may make in your lifetime. It is, therefore, our Goal to make this experience a seamless one. Whether buying Mobile Eastern Shore real estate or marketing Mobile Eastern Shore homes for sale, we will provide unparalleled professional, quality service and the most productive approach to achieving your goals.

You can contact Judy by email or by calling 251-990-0569.

Search all Mobile Eastern Shore homes for sale.

The Mobile Eastern Shore Real Estate Podcast

February 2010: This month’s edition covers Mobile Eastern Shore real estate market activity and then we’ll offer three top tips to make sure you get the most of today’s opportunity! Features special guest Terri Murphy of US Learning. Program length: approximately 7 1/2 minutes

The Mobile Eastern Shore Real Estate Podcast

October 2009:

This month’s edition covers Mobile Eastern Shore real estate market activity and then we’ll focus on opportunities for buyers and sellers who to advantage of the $8,000 tax credit before the deadline!

Features special guest Terri Murphy of US Learning.

Program length: approximately 8 minutes

The Emergency Economic Stabilization Act of 2008, also known as ‘the bailout bill,’ has real estate leaders talking about its impact on the industry. Dave Liniger, chairman and co-founder of RE/MAX International, offers his thoughts about the bailout, what it means to consumers and the government’s new role in real estate in an interview with RISMedia.com. Here’s what Mr. Liniger had to say:

RISMedia: What are your overall thoughts about the bailout?

Dave Liniger: The fact that the House did not approve the first version of the bill tells me they were trying to listen to the public. I hope they continue to listen. This bill is likely to go through a few changes, and a new administration and congress in January will make a lot of changes that we can’t foresee right now. But if our legislators listen to the consumer and create legislation that is truly responsive, I think it has a very good chance of having a positive impact on our industry.

RISMedia: Will the bill help restore real estate consumer confidence?

DL: Consumer confidence is really difficult to gauge. Most often it’s based upon what the media is reporting and the media pays very close attention to what the government does. So, if the reporting on this bill demonstrates some real workable solutions, the public will take notice and it may restore some confidence. But when inventories go down and buyers come back to the market, that’s when we’ll really see its impact.

RISMedia: Will the bill help restore real estate practitioner confidence? How can industry leaders help steer brokers and agents away from pointing fingers and into positive action?

DL: If the final bill addresses relevant issues, keeps families in their homes and reduces our inventory, brokers and agents will certainly see a changing market and have a more positive outlook. Our role is to keep providing motivation and practical strategies for succeeding in this market.

RISMedia: How patient do we, as an industry need to be? In your opinion, when might real estate consumers and professionals start to feel some relief from the bailout?

DL: I think it’s important that real estate professionals focus on being productive in this market. It’s hard to predict when everything will turn around. We have to work with the hand that we’ve been dealt. For consumers, sellers either need to price their home right or consider staying off the market right now. And buyers should take advantage of the high inventory and lower prices. If they’re buying to occupy a home, we’re at or near the bottom and they probably won’t do much better by waiting.

RISMedia: How can real estate practitioners work with their clients in explaining what the bailout means and how it might help them with their housing concerns?

DL: They need to read as much as they can about the government’s plan. Become familiar with the details and the various programs available to homeowners and buyers. For example, the New Home Buyer’s Tax Credit is a great program for those who haven’t owned their primary residence in the last three years.

RISMedia: What role can the industry play in helping to prevent a similar economic crisis in the future?

DL: This is a critical time for our industry and a time when I think we need to provide some leadership. When we see workable solutions proposed, we need to point them out and make sure the public understands the situation. We also need to be advocates for all those who make a living in our industry. I think these two actions are the most important right now.

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

Search all Baldwin County real estate and homes for sale.

Mobile Bay home prices tend to rise with commodity prices over the long term. Currently, the Producer Price Index for construction is up 39 percent over the past five years, and prices for commodities like oil, copper, steel and cement are sky-high. Sooner or later the increasing costs of these raw materials will push home prices higher. 

As the supreme commodity, every home is full of materials like steel, wood, and copper wiring. Presently, an oversupply of homes, along with an excess of foreclosures is keeping prices low, but home prices are rooted in hard costs and will eventually adjust to reflect the price of production. 

Learn what your Mobile Bay home is worth.

Search all Mobile Bay homes for sale.

There’s been a lot in the news recently about the government takeover of government-sponsored enterprises Fannie Mae and Freddie Mac. But what does that mean for the AL Eastern Shore real estate market?

These agencies guarantee more than 40 percent of the nation’s mortgages and own or guarantee more than $5 trillion worth of mortgages, so assuring their continued operation is crucial in the current economic environment. 

The government’s actions aimed to restore confidence and bring stability and continued liquidity to the nation’s mortgage market. Interest rates came down immediately after the takeover, and it’s likely that this will keep them low for some time to come. 

Buyers benefit from lower rates, and sellers benefit from the increased demand created by buyers entering the market.

Learn more about AL Eastern Shore real estate at JudySells.com or give us a call, 251-990-0569.

Search all AL Eastern Shore real estate and homes for sale.

WASHINGTON, October 02, 2008

The National Association of Realtors^®  commends the U.S. Senate for passing the Emergency Economic Stabilization Act of 2008. The Senate’s bold action will help the country emerge from the current credit crisis and put the economy back on its way to improved financial and housing stability.

“This far-reaching and meaningful legislation would go a long way in helping restore confidence in the nation’s financial system,” said NAR President Richard F. Gaylord. “Provisions in the bill would directly benefit Main Street by making financing more available. The legislation would not only help make home mortgages more available, which would help stabilize home sales and prices, but also help families who are trying to secure a car loan or borrow money to send their children to college. It would help protect Americans’ retirement savings and small businesses across the country.”

The act would require financial institutions to work with lenders and mortgage servicers to find ways to avoid foreclosures. It would also create a Troubled Asset Relief Program to purchase and guarantee the troubled assets from financial institutions that hold mortgages or mortgage-backed securities.

“If done right, the cost of such a plan will possibly be below the figures that have been widely reported,” said NAR Chief Economist Lawrence Yun. “In fact there is a very good chance that taxpayers will reap a positive return on this investment over the long term.”

“By unclogging the financial pipeline, liquidity will be greatly improved and mortgages will become more accessible and affordable, allowing families who dream of owning a home to do so and at the same time help current owners keep the home they have,” Gaylord said.

“There will not be an economic recovery without a housing recovery, and this ambitious legislation is what our economy needs. We will work hard with the House of Representatives and the administration to ensure a quick and smooth enactment and implementation,” said Gaylord.

Inman News offers some reasons why home ownership still has benefits and advantages, including:

• The opportunity to build equity and create wealth over time.
• Protection from rent increases or eviction at the whim of a landlord.
• The pleasures of a relatively larger home, suitable for a family, and with a backyard, garage or other auxiliary space.
• The freedom — design review boards notwithstanding — to improve, remodel or redecorate to suit one’s own style and budget.
• A variety of lucrative income-tax breaks.
• Pride of ownership and a greater sense of security and stability.

 So, if you are thinking of purchasing Mobile/Eastern Shore AL real estate, now is the time!  Don’t let the negative media attention on the market get you down – home ownership is still an attainable goal and a big part of the American Dream.

If you are ready to begin looking at Mobile/Eastern Shore AL real estate, please call me at 866-560-7474 or visit JudySells.com.