For the last several months, I have been almost underground. When it comes to blogging about Huntsville Alabama Real Estate, I have been non existent. I know we have to keep it up and it has hurt me in the search engines. However, I am still seeing a surge in contacts and sales. It is almost like the faucet has been turned on again. It will likely be short lived but my team and I have several things under contract. It looks like they will all close.
As I mentioned, we have been working on several new things. I will give you some detail about these things.
We were investigating a new contact manager with a builtin drip email syatem. There are many quality programs out there. Some are very expensive for up start agents and teams. There are other problems with these systems. They don't integrate very well with other system. So, I usually spend a lot of time logging in and changing multiple systems. To solve this dilemma, I have teamed up with a new website/graphics' designer and a programmer.
We are building a new system, that will roll out in the Huntsville Alabama area. This system will have a CMS website manager, website hosting, Google Analytics, blog, forum, Flyer Designer, Email Designer, Contact Manager, IDX solution, MLS Gateway, property websites, listings' module, virtual tours and a Drip Email System. There will be only one interface to work from, only one login area.
We are taking it slow to be sure and do it right. We have the content manager, website hosting, and listing module in place and functional. I was building this system for my business and asked the opinion of some of my REALTOR friends; they loved the idea.
When the system has been fully tested. We will unveil this to the general real estate industry.
Alabama has many positive attributes, especially in Huntsville Alabama. Huntsville boasts low crime, low unemployment and a very family friendly community. There is one Alabama law that can have a very negative impact on buyers.
A vast majority of states require a disclosure from sellers to reveal hidden problems to potential buyers. This gives those buyers the opportunity to evaluate the property fairly and make decisions directly on the facts at hand. In Alabama that is not the law. Alabama's law is "Buyer Beware". If the buyer doesn't discover problems the seller doesn't have to reveal them.
I was called today by a buyer I had been talking with over the last couple of months. They called to ask my opinion on a situation. I had explained to them a few weeks ago about how they had no representation if they didn't get a buyer's agent. They found a piece of property, called the agent from the sign and made an offer over last weekend. The buyers discovered there was an easement they didn't like after making the offer. This was neither disclosed by the seller nor was it written into the conditions of the offer. They cancelled their check before it was deposited. After hearing this story they told me the selling agent is also the owner of the property and the buyer proceeded to call her a few unflattering names.
This problem is a very common theme in Huntsville Al Real Estate. We cannot catch everything, but if a buyer enters into a contract with no representation, they will likely make greater mistakes. Alabama clearly tells the buyer "if you don't do your due diligence, it is your problem". There are so many things an average person isn't thinking about. The easement issue isn't specifically covered in the verbiage of the contract. So, if the buyer doesn't thoroughly review the deed, serious issues can slip through the cracks. These things do not have to be revealed and the buyer can be forced to buy a property even though they no longer want it.
I am ashamed of the position of our state. I personally tell my clients to require a seller disclosure statement. If a seller purposely doesn't disclose information they will lie on the disclosure statement. If you discover these things shortly after buying there could be some recourse for the buyer.
This article is provided by Bryan Pearl a Huntsville Alabama real estate agent with Keller Williams Realty.
BRAC and other companies are creating Huntsville's employee needs, providing good news for concerned Americans.
Thousands of people are migrating to Huntsville Alabama over the next few years. Due to the Base Realignment and Closure Act (BRAC), the shuffling of military personnel will mount into the thousands heading into Huntsville. BRAC will trickle down into many areas of the Huntsville market. Missile Defense contractors across the region are seeing a surge in job openings as well. These affects will be felt well into 2011.
Redstone Arsenal will be receiving the largest portion of employees but their families will also be looking for work. Huntsville has the second largest research park in the country, Cummings Research Park, and the second largest bio-tech community in the country. With companies such as Boeing, NASA, Northrop Grumman, Toyota and Siemens, skilled and experienced workers can find work in Huntsville. Due to the expansion Huntsville Alabama Real Estate is a growing industry. So, if you are an agent you can visit Huntsville Area Guide for more information.
Many of those relocating are looking online for quality resources. The two largest groups of searchers are looking for jobs and the Huntsville MLS. There seems to be an increase in Huntsville Green Homes. The job market has not look brighter in the Huntsville Area. The increased employment opportunities are driving the Huntsville Alabama Real Estate market.
In the search engine results there is significant searchers every month. The search terms are trailing off this time of year. There is always a little slack off after school starts back. The month of October typically shows higher numbers.
This article is provided by Bryan Pearl of Huntsville Area Guide.com
When you are looking to make the greatest investment of your life you don't want to fly by the seat or your pants. Buying Huntsville real estate can be challeng. A home inspection usually costs around $400 dollars. Sometimes it reveals nitpicky little problems like nail holes in sheetrock. Other small problems maybe like a non functioning burner of a and electric range. These aren't that big but you might want them fixed.
What about larger issues. What if there is a weak floor from a water leak while it is raining around a wood deck. Water has been seeping in for a couple of years. It is in an area of the house where you can't see it unless you go under the house specifically looking at that area. It will rot out and be a major repair bill in a couple of years. If this problem is fixed now the underneath wood will only be a little stained.
There will be some small problems found in any inspection. You may want to request the seller repair those and then again, you may not. You want to uncover any big problem that you can't see on the surface.
A home inspector will look for the overall structure and systems of a home. The focus will be on structural issues, plumbing, electrical, foundation, appliances, proper ventilation of gases, water heaters, fire places and heating and cooling systems. They will also focus on doors, windows and cabinets. You don't want to let real problems slip through in your purchase of a new home.
If you don't inspect a home before you buy you are asking for trouble. Alabama is a "buyer beware" state. It is the responsibility of the buyer to ask questions, discover problems, and verify everything. The owner doesn't have a responsibility by law to disclose things.
One thing that could help a buyer legally is to require the seller to provide a property disclosure. Talk to your REALTOR like Bryan Pearl of Huntsville Alabama and ask them to provide one to you. This will cause the seller to disclose the problems or falsify them. You could have some legal recourse if the document is a lie. Even if you get a seller disclosure statement, make sure you get the home inspection. If both of these are good, then you can seriously consider moving ahead with the purchase.
I wanted to write to you about a specific incident involving one of my investor clients.
My client can spot a good deal in seconds. However, there can be many unforseen problems with foreclosure properties. One day he called me up to open the door at a house located between Triana and Madison. It was a foreclosed property. It was 3 bedrooms and 1 bath, a basic ranch. It only needed a little TLC to bring it back up to a sellable property. So, my client spent the next month completing the repairs. He also included a new washer, dryer, dishwasher and refrigerator. He repainted and recarpeted the house.
When he was done, a family member to the previous owner wanted to buy the property. This was a very sweet deal for me, the seller and buyer already confirmed before listing the property. We did the paper work and the buyer qualified for an FHA loan. So, I ordered the title work and got the mortgage underwriting process moving.
This deal didn't end up being so sweet. The loan was rejected at the appraisal process. The appraiser couldn't find any comparibles within 5 miles of this property. I even tried to find sold properties for them. We couldn't prove a reasonable value making it unmarketable.
Then I received a call from the title company. The title company revealed the property was land locked. There was a very small parcel of land between the house and the road owned by another family member of the previous owner. The gravel drive from the road was owned by that family member. The title search for the foreclosure should have revealed the land locked condition. Also, the title search at the point my client purchased should have revealed the problem. I am not sure as to why it was not rectified by an attorney in Birmingham who managed the foreclosure. However, all my client can do is file a claim against the title insurance. I think the title company is recommending he do this.
Now, I will always recommend to my investor clients purchasing investment properties to do a new title search before they buy any Huntsville Al real estate, especially foreclosures. The office of Michael Brodowski are very thorough and I haven't seen their staff miss anything. They caught this problem and told me it was due to negligence by the other attornies.
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