Once it passed the Senate and the House there was really no doubt, but I am really excited about the new version of this bill. We have had a lot of first time home buyers that have been very excited to close on a house and be eligible an $8000 tax credit. We have had a few that were getting very worried because for one reason or another it didn't look like they would find a house and be able to close by the end of November.
Now they have until the end of April to get into a contract. It's not a lot of time to waste, but it's enough time to make wise decision. Plus now if someone wants new construction that is an option, since they have until the end of June to close.
I really like the part of the new bill that allows buyers that have owned a house to get a tax credit of up to $6500 if they buy a new home. I really don't know why that couldn't have applied to all owner-occupant buyers, but at least there is one other group eligible..
The income limits have now been increase also, from $75,000 to $125,000 for a single person and $250,000 for a married couple. One of my doctors is young and has never owned any real estate. He's renting right now, but he did not qualify under the old plan. Maybe he will qualify now.
For additional information I posted the information and changes on my website.
Our company has several agents who have experience assisting sellers who were facing foreclosure. They have helped sellers stay in their homes longer and/or they have been successful in working with the seller's bank or mortgage company to sell the property before it was foreclosed on.
The following agents have also taken our Short Sale class. Seller's that are facing foreclosure may have better options. These agents can represent a seller in a short sale situation.
Email: Doug Martin
Email: Becca Fields or visit her website
Email: Debra Williams
Email: Sarah Pugh
Email: Katie Baluyut or visit her website
Email: Libby Davis or visit her website
Email: Julie Martin or visit her website
Though the temperatures might argue otherwise, the holiday season is quickly approaching, and it's time to begin planning for decorations and activities to draw folks downtown. In recent years Downtown Mobile has been woefully unadorned for the holidays, but an energetic group of Royal Street businesses have decided to make downtown THE place to visit to see fun and fancy decorations. See the story below for details on how you can participate.
In the meantime, enjoy the fabulous fall temperatures... take a walk at lunch to see the new plantings...come down for the countless events... contribute to the great street scene the defines downtown!
For obvious reasons we love announcing new businesses that have located or moved downtown, but we especially love it when the business is an entirely new enterprise. That's the case with Boom Buggy, a pedicab operation that will carry passengers through the streets of Downtown Mobile during the day and night. The buggies will begin operation in about two weeks and will not charge a fee...instead, the passenger will tip the driver (or pedaller as the case may be). June Reddix-Stennis bought two of the cabs from a manufacturer in England and plans to begin operation the first week of November.
In other development news:
Fine Dining and Catering just opened its doors at the corner of Jackson and St. Francis streets last week. The establishment is currently open for lunch Monday - Friday and dinner on Friday & Saturday evenings. The menu, which changes daily, features a soul food centered menu.
In other news:
Some Upcoming Live Entertainment:
The below chart shows recent sold properties in the City of Mobile, for the past six months of HUD properties that sold during the first two weeks, with the percentages of List/Sold and List/Net.
| Purchase Price | Net Price | List Price | % List/Sold | %List/Net |
| $90,101 | $82,893 | $100,000 | 90.10% | 82.89% |
| $38,000 | $34,960 | 48,000 | 79.17% | 72.83% |
| $72,000 | $66,240 | $72,000 | 100.00% | 92.00% |
| $73,000 | $67,160 | $76,000 | 96.05% | 88.37% |
| $35,127 | $32,327 | $45,000 | 78.06% | 71.84% |
| $85,000 | $78,250 | $95,000 | 89.47% | 82.37% |
| $150,100 | $138,092 | $159,000 | 94.40% | 86.85% |
| $89,000 | $82,750 | $108,900 | 81.73% | 75.99% |
| $32,000 | $29,440 | $31,000 | 103.23% | 94.97% |
| $35,000 | $33,250 | $40,000 | 87.50% | 83.13% |
| $53,000 | $48,760 | $53,000 | 100.00% | 92.00% |
| $106,000 | $97,520 | $106,000 | 100.00% | 92.00% |
| $91,000 | $84,950 | $108,000 | 84.26% | 78.66% |
| $83,000 | $77,350 | $90,000 | 92.22% | 85.94% |
| $21,000 | $19,950 | $23,000 | 91.30% | 86.74% |
| $130,000 | $119,600 | $145,000 | 89.66% | 82.48% |
| $90,000 | $85,000 | $100,000 | 90.00% | 85.00% |
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This Blog by: Julie Martin, CRB, e-PRO, Broker/Realtor, Port City Realty, Mobile, AL;
877-880-8110 toll free; 251-665-4665 my cell; julie@portcityrealty.com.
Search all the listings in Mobile County & Baldwin County any time for free with no sign in requirement from PortCityRealty.com.
Current Foreclosure List and Information
Current Waterfront List and Information
Current Mobile Condo List and Information
Active Foreclosures as of October 13, 2009
of the 3586 Active Single Family Listings in Mobile County - 141 are Foreclosures
89 are listed under $99,999
40 are listed between $100-000-$199,999
12 are $200,000+
The most expensive foreclosure is on Dauphin Island at $349,900
Foreclosures Under Contract as of October 13, 2009
Of the 500 Single Family Listings Under Contract in Mobile County - 67 are Foreclosures
43 are listed under $99,999
17 are listed between $100,000-$199,999
7 are $200,000+
The most expensive foreclosure under contract is in Springhill at $1,475,000
Sold Foreclosures 3rd Quarter 2009 in Mobile County
Of the 861 Sold Properties in Mobile County 3rd Quarter 2009 - 155 were Foreclosures
108 were sold under $99,999
34 were sold between $100,000-$199,999
13 were sold $200,000+
The most expensive foreclsoure sold was in Springhill at $800,000
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This Blog by: Julie Martin, CRB, e-PRO, Broker/Realtor, Port City Realty, Mobile, AL;
877-880-8110 toll free; 251-665-4665 my cell; julie@portcityrealty.com.
Search all the listings in Mobile County & Baldwin County any time for free with no sign in requirement from PortCityRealty.com.
Current Foreclosure List and Information
Current Waterfront List and Information
Current Mobile Condo List and Information
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Contact me if you are buying or selling real estate in the Mobile Alabama area, including Dauphin Island, Gulf Shores, Orange Beach, waterfront, investments, foreclosures, lots & land, condos & homes
A YouTube Video of Downtown Mobile
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Looking for a Condo? PortCityCondos.com
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Contact me any time at 251-665-4665 / 877-880-8110
Search for Real Estate on the Baldwin MLSjulie@portcityrealty.comMobile AL Condos and Townhomes
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I have the e-PRO certification and the CRB (Certified Residential Broker) from the National Association of Realtors. I opened Port City Realty in 2001. Port City Realty now has over 20 agents and has been the #1 real estate office in South Mobile County since 2004. I am married and have three children and three grandchildren. I have lived most of my life in Mobile. I also lived briefly in Michigan and Memphis, TN and lived several years in the Metro Atlanta area. I currently lives on the water in Cypress Shores, in South Mobile County.
I sell properties from Orange Beach, AL to the Mississippi Gulf Coast, but have three main areas of specialization.
1. Home on and near the water
I live on the water and opened Port City Realty, first on Higgins Road and then moved to Rangeline Road, in the Dog River/Rabbit Creek area of Mobile in 2001. We occassionally caravan by boat so everyone can be aware of where the company's listings are on the water and therefore better able to serve our customers and clients. I keep a complete list of waterfront properties in Mobile on my website at www.PortCityRealty.com.
2. Investment Properties
I have worked with investors for years, have been a listing agent on foreclosure properties for the past 6 years. I am an approved HUD broker. I keep a complete list of current foreclosure properties on www.PortCityRealty.com.
3. Condos
I am a member of the Mobile Historic Society Leadership Class of 2007 and enjoy selling condos in Mobile's downtown and midtown historic districts. My condo website is www.PortCityCondos.com.
Mobile City Lights
A View From the The Historic Battle House Hotel.
Click thumbnails to Enlarge.
Links
Helpful Local Links
City of Mobile Mobile Chamber of Commerce Economic Development
The Mobile Bay Convention Visitors Bureau Mobile Civic Center
The Mobile Airport Authority Mobile County Public School System
Mobile Area Sports Commission Fort Blakeley
Mobile Visitors Business Indicators New Mobilians
Lookout Mobile for new Mobilians Mobile Public Library
African-American Travel Guide The Wave Transit System
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Area Parks and FacilitiesBiking Trails Mobile Disc Golf Assoc.
The Wave Transit System Bayfest
Mobile Parks and Street Scenes
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