New Developments in Fairhope AL

By Barbara Reeves | Published: March 30, 2009

New condos in Fairhope Alabama are well on their way to completion with 10 built out of the 48 planned units.  The project by developers Matt Bryne and Todd Boothe, is on 4.8 acres and is being built in phases, including a pool and gazebo after the fourth phase is complete.  Given that some of … Continue reading New Developments in Fairhope AL

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Part II: Additional Things Of Importance To Know About The Reverse Mortgage

By lheraty | Published: March 30, 2009

Here are some more important things that anyone considering a Reverse Mortgage should know:
 
 

FHA Reverse Mortgage loan limit is $625,500
Eligible property types include single family residences, condos and town homes, one to four unit properties and newly constructed homes that can provide proof of completion and a Certificate of Occupancy.
Participants are required to complete a [...]

Posted in Home Buyer and Seller Tips, Loan Modification, Reverse Mortgage | Tagged | Comments closed

Seniors Age 62 And Older May Qualify For A Reverse Mortgage

By lheraty | Published: March 27, 2009

Did you know that in our country someone turn age 50 every 76 seconds? We are living in a rapidly ageing population, so thank goodness the Department of Housing and Urban Development insures the Reverse Mortgage. It was created to assist seniors live out their golden years in comfort without fear of losing their homes.
Seniors aged 62 and [...]

Posted in Home Buyer and Seller Tips, Loan Modification, Reverse Mortgage | Tagged | Comments closed

ThyssenKrupp Delays Calvert river terminal to Cut Costs

By Barbara Reeves | Published: March 27, 2009

The German Steel company ThyssenKrupp’s Calvert plant site will have a delay in the building of a portion of the river terminal.  The planned terminal will be on the Tombigbee River with berths for five barges, but two berths are being delayed.  As ThyssenKrupp has been going through ways to cut costs, the delay of … Continue reading ThyssenKrupp Delays Calvert river terminal to Cut Costs

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You May Qualify For A Tax Credit If You Have Installed New Windows Or Other Energy Efficient Upgrades

By lheraty | Published: March 24, 2009

On February 17th, 2009 President Barack Obama signed into law the American Recovery and Reinvestment Tax Act of 2009. It extends tax credits for certain energy efficient additions or replacements in existing homes only. Be aware that the maximum amount of homeowner credit for ALL improvements combined is $1,500, during 2009 and 2010. Following is [...]

Posted in Home Buyer and Seller Tips, tax credit | Tagged | Comments closed

Everything You Need To Know About Reverse Mortgages

By lheraty | Published: March 21, 2009

Reverse Mortgages are available to anyone who is over 62 years of age, owns their home and uses it as their primary residence. It is a very good option if you need cash and want to stay in your home for as long as possible.
 In a nutshell, Reverse Mortgages work by allowing borrowers to swap the equity [...]

Posted in Home Buyer and Seller Tips, Loan Modification, Reverse Mortgage | Tagged | Comments closed

Baldwin and Mobile AL Rank high in 2008 Fastest Growing Counties

By Barbara Reeves | Published: March 19, 2009

The U.S. Census Bureau data reported today that Baldwin and Mobile counties were among the 10 fastest-growing counties in Alabama last year.  This will be the third year in a row that both Baldwin and Mobile counties made the top ten list; Baldwin County grew by 2,691, while Mobile County grew by 2,212, as recorded … Continue reading Baldwin and Mobile AL Rank high in 2008 Fastest Growing Counties

Posted in Baldwin County Real Estate, economic growth in Baldwin county AL, Economic Growth in Mobile AL | Tagged , , , , , , , , , , , | Comments closed

If Your House Is On The Market, Here Are Some Interesting And Creative Ways To Help Sell It!

By lheraty | Published: March 18, 2009

Putting your house on the market is always a challenge in that you must look for ways to make it the most appealing it can be to potential buyers. Beyond the tried and true rules of emptying closets and keeping all rooms tidy and clean, here are some things you may not have thought of [...]

Posted in Home Buyer and Seller Tips, Sellers | Tagged | Comments closed

Mobile’s February Property Sales Report

By Barbara Reeves | Published: March 17, 2009

February was a difficult month nationwide for housing, and Mobile County was not exempt. In the Springhill/ USA area, February saw 11 homes sold for an average of $175,695 ($112.22/sq ft). This is a 24% drop from January. Nineteen pending sales averaging $265,643 ($94.04/ sq ft) is a significant drop from January’s $300,738 average ($113.57/ sq … Continue reading Mobile’s February Property Sales Report

Posted in Financial Considerations, First-time Homebuyer, Gulf Coast Homes, Mobile Alabama real estate, Mobile real estate, Tax, tax credit | Tagged , , , , | Comments closed

Water Conservation Is So Important For The Environment: Here Are Ways To Save

By lheraty | Published: March 15, 2009

People can make small changes in everyday life to reap the benefits of huge water savings. The Environmental Protection Agency’s experts say that not only are our drought-prone states in big trouble with water shortages, but that sooner or later the rest of the country will be affected by shortages as well. Shocking but true: the average American citizen [...]

Posted in "Green" Living, Home Buyer and Seller Tips, Water Conservation | Tagged | Comments closed

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