Mobile, AL

Below you will find a table that contains the Market Activity report for 11-24-09 activity in the Mobile AL Real Estate market according to the Mobile Association of Realtors MLS system.

This information is derived daily directly from the local MLS System. For more free Mobile AL real estate information, reports, and statistics, please visit http://www.GulfRegionProperties.com or http://www.AlabamaBestHomes.com. Please e-mail me or call 251-215-9382 if you would like additional information on any of the listings shown.

Mobile AL Real Estate Market Snapshot 11/24/2009

Single Family Homes and Condominiums

Looking for a new home? Below you will find a link to search for homes.

Search Mobile Alabama and Nationwide Homes for Sale.

Below you will find a table that contains the Market Activity report for 11-23-09 activity in the Mobile AL Real Estate market according to the Mobile Association of Realtors MLS system.

This information is derived daily directly from the local MLS System. For more free Mobile AL real estate information, reports, and statistics, please visit http://www.GulfRegionProperties.com or http://www.AlabamaBestHomes.com. Please e-mail me or call 251-215-9382 if you would like additional information on any of the listings shown.

Mobile AL Real Estate Market Snapshot 11/23/2009

Single Family Homes and Condominiums

Looking for a new home? Below you will find a link to search for homes.

Search Mobile Alabama and Nationwide Homes for Sale.

Well if you would have came to me about 2 years ago with that question. I would not have hesitated to tell you sue lets find you the house you want and get a offer written. We would have sat down at the office and followed a buyer process that delt with various steps toward home ownership.

After a initial consultation and a few questions on what you were looking for. We would then search the MLS and look around the city for properties that would fit your preferences. Maybe lining up anywhere from 20 to 30 house and then narrowing them down to about 10 and then actually looking at about 5 of them.

After picking what you want we would write a offer on the property and begin to negotiate on price with the listing agent to reach a meeting f the minds to close the deal.
Not even a thought about financing in this scenario. Just going right along with the confidence that that we can get financing because then it would not have been a problem. Credit score at 580 no problem. Debt to income ration marginal, no problem, low income not quite enough to make the mortgage payment , no problem, no down payment and just enough for closing cost, no problem. Then a person could have all those particulars or a few of them and get down payment assistance and contribution form the seller and get 100% financing and get a loan.

That type of lending is what caused the damage to the housing market. Years of sub-prime lending caught up with us all. Went to the well a fe to many times and now the water has run dry. The cupboard is bare and the funds are locked up tight as a drum.
So you want to buy a house? Can you buy a house? Sure you can. You can still become a home owner and still get down payment assistance and also 100% financing. However you now must be fully qualified and meet the requirements for the risk of lending. Now you have to be and show that you are sound financially. You have to be able to show you have what it takes to be a home owner. You have to show you have paid your bills on time the majority of the time for a period of years. In other words you must have a middle score of 620 or better. You have to show you know how to manage your money. You have to have a debt to income ratio that allows plenty of income to comfortably pay your mortgage. You have to show that you have the ability to save money by having money in the bank even after you have put up the money for a down payment, anywhere from 6% to 20% of the sales price of the property. Those fly by night days of lending are orve and done. Yep you can buy a home but now you must show you got what it takes. Actually the landscape has gone back to the way things used to be. Now the traditional way of purchasing a home having a long term job, paying your bills on time, saving money toward a down payment, then finding a home to purchase.

It was a nice idea trying to make it possible for everyone to have a home. But the result ended in disaster and damaged the market. Not everyone is supposed to have a home because to many people cannot manage their finances as they should. Too many live above their means. This is a drawback of living in a material world. Wanting more than what you can afford.
As a Real Estate Professional I have not given up on the market. If you cross my path and ask for help in buying a home be ready. My first question is what is your middle score? Then how much do you have on have in cash for a down payment closing cost and pre- paids. Then how long have you been on your job and what is your gross income. If you can't answer with good answers well..... it's a no go. I will however help you prepare to purchase if you have the discipline to get it done. Home buying is no picnic anymore.

Below you will find a table that contains the Market Activity report for 11-17-09 activity in the Mobile AL Real Estate market according to the Mobile Association of Realtors MLS system.

This information is derived daily directly from the local MLS System. For more free Mobile AL real estate information, reports, and statistics, please visit http://www.GulfRegionProperties.com or http://www.AlabamaBestHomes.com. Please e-mail me or call 251-215-9382 if you would like additional information on any of the listings shown.

Mobile AL Real Estate Market Snapshot 11/17/2009

Single Family Homes and Condominiums

Looking for a new home? Below you will find a link to search for homes.

Search Mobile Alabama and Nationwide Homes for Sale.

Historic Mobile is always filled with adventures and events each week of each year. Walk around downtown Mobile or take a walking tour of the historic homes and feel the presence of the past-Mobile's history and its people.

Also, consider the following November events

in the downtown area of historic Mobile.

The "Greek Fest" is from the 5^th to the 7^th of November, 2009 and experience the sights and sounds of a "Holiday in Greece!" The event is located at the Annunciation Greek Orthodox Church on Ann Street between Dauphin Street and Government Street. A delicious "Taste of Greece" with entertainment on the grounds of the Hellenic Center next to the church always has many people enjoying live Greek dancing and music. There will be an abundance of wonderful traditional food, such as, roast lamb, Grecian chicken, dolmathes, pastichio, spanakopita. For more information visit this site, http://www.GreekFestMobile.org/, or call (251) 438-9888.

The "Lighting of the Trees" celebration will be held on Friday, 20^th November 2009, in downtown Mobile's Bienville Square beginning at 5pm. Join Santa as the holiday season is kicked off! There will be holiday sights and sounds to amaze. Between the Holiday Gift & Farmers Market, festive children's activities, carolers and crafts, and other local entertainment all evening, there is sure to be something for children of every age. For more information visit this site, http://www.NCSMobile.org, or call (251) 208-7540.

A world of entertainment awaits you at the annual "Mobile International Festival" at the Mobile Civic Center Main Arena on Saturday, 21^st November 2009, from 10:00 am to 5:00 pm! The Gulf Coast's premier international cultural event is celebrating 25 years of exciting family fun. Enjoy the adventure of firsthand experience of varied cultures. See the arts and crafts, hear the sounds, be entertained, participate in children's activities and taste the flavors of the world. For more information, please visit this site, http://www.MobileInternationalFestival.org, or call (251)470-7730.

Looking for city of Mobile "Certified" Home Appraisers in historic downtown?

Then look no further than Al Cheney, Cheney Appraisal Services, for "Certified" Residential Appraisals and FHA Appraisals in the historic areas of downtown and midtown areas.

Al Cheney also covers other outlying areas of

Mobile County, Baldwin County, and the Eastern Shore

(Daphne, Fairhope, Montrose, Mullet Point, Point Clear, Spanish Fort).

Al Cheney is an Alabama "Certified" Residential Real Property Appraiser

for the State of Alabama and a FHA Approved Appraiser,

with over 30 years of real estate experience.

Are you an owner looking to sell your home in historic Mobile? Cheney Appraisal Services offers only a $225 full appraisal report fee within the city limits of Mobile and a $250 fee for all other areas within Baldwin County and Mobile County.

Al Cheney will give you a specially designed and targeted appraisal report with a derived value opinion estimate, value range estimate, and other necessary marketing information to assist you in selling your home. If you are unsure of what asking price to offer, then isn't having a "Certified," specialized, professional appraisal report your answer for a more

targeted marketing strategy and a quicker sale of your home?

Call and talk to Al Cheney today!

Please visit these web sites, http://www.CheneyAppraisalServices.com, http://www.MobileAlabamaFHARealEstateAppraisers.com, and http://www.RealtyLeaders.biz for more information on fees, services,

Mobile's history and real estate, and the Mobile Bay Metro Area,

Baldwin County and Mobile County of Alabama.

Call Al Cheney at (251) 533-2424 with any additional questions.

Are you ready to order your city of Mobile, Alabama appraisal assignment?

Then, please click this web site link, https://cheneyappraisalservices.appraiserxsites.com/iFrame.aspx?FileName=client.x&ReferrerGUID=d4142893-75d8-4681-997d-eaa83d48b8cb#top, an online ordering system for your convenience. You may also send your city of Mobile

appraisal assignment order by facsimile, (251) 252-7737.

The mailing address is Cheney Appraisal Services,

Post Office Box 7907, Spanish Fort, Alabama 36577-7907.