First-time Homebuyer

The Advantages of Buying instead of Renting in Gulf Coast AL


After years of renting, you are finally looking to own your own home.  So what should you know about the pros of buying versus renting?  Here are just a few things to consider among the advantages of buying your first home: You are building equity, rather than throwing your money to a landlord.  When renting … Continue reading The Advantages of Buying instead of Renting in Gulf Coast AL

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West Mobile Real Estate Activity


West Mobile/ Semmes is one of the largest areas of listings in Mobile County, with 525 current home listings. In November, 35 homes sold for an average price of $146,160 or $84.22/ square foot. These homes sold after an average 76 days on the market, which is relatively quick compared to the rest of Mobile/ … Continue reading West Mobile Real Estate Activity

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Breaking Down the First Time Home Buyer Tax Credit


There is no doubt that the first time home buyer tax credit is a great thing but there are a few things to know before you assume that you qualify for the full $8,000.  The tax credit breaks down as follows:
Who qualifies? First time home buyers and people (or spouses) who have not owned a [...]

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Attention: First-Time Home buyer $8,000 Tax Credit Expires 12/01/2009


If you decide to purchase a home by December 1, 2009, you will be entitled to an $8,000 tax credit. This amendment to the economic stimulus bill will be available to if you purchase your first home between 1/1/2009 and 12/1/2009. Home buyers will be entitled to claim a total tax credit of $8,000 or 10% of the [...]

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Learn How To Figure Out Exactly How Much Mortgage You Can Afford


If you are a first-time home buyer, before you even look at houses for sale, the most important thing you can do is figure out exactly how much you can afford on a mortgage payment per month. This will save you wasted time and the disappointment of looking at houses that you may later learn [...]

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If You Are Buying Now, Know These Ins-And-Outs To Get The Most For Your Money


If you are in the enviable position right now of looking to buy a home, enjoy the current market: the buyer’s market! Many folks that have to sell their homes right now are happy to start a dialogue with a potential buyer, so arm yourself with any and all information to get the best deal possible!

Right now [...]

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Closing Procedures 101


If you are planning to become a first-time home buyer, the following information about what occurs during a closing will keep you in-the-know.

When you are ready to make an offer on a home, it is good to make an offer that is 10% less than the asking price. This will give you plenty of room to negotiate with the [...]

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For Any First-Time Home Buyer, Consider These Points Before You Take The Plunge


Buying your first home can be a very exciting milestone in a person’s life. It is very easy to picture all of the good times you will have there in the future, but many people get lost in the excitement and forget to plan for a rainy day. To avoid losing that home to unforeseen circumstances [...]

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Are You Moving? Here Are Helpful Tips To Find The Neighborhood Of Your Dreams


Choosing the right community is so important, as how you can you really love where you live unless you love the neighborhood? In the frenzy of finding a home and scheduling moving day, many people forget that researching the neighborhood is one of the most important ways to insure happiness at your new destination. Before [...]

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Mobile’s February Property Sales Report


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

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