Chasity, I have a home for sale by owner at 10687 Belforest Cemetery Road in Daphne. We have 2.82 acres and a huge L shaped pool!! You can view my listing on forsalebyowner.com. It is a wonderful family home!... more
I've just sold one there not too long ago. The average at the time was about $77 dollars a square foot. That is not the most current CMA, so I would have to do another before I can give you current conditions.
If your buying a condo that lets say is 80,000 and your putting down 20%, then your looking at a $64,000 mortgage. If you finance a 30 year mortgage at 4.5% interest your looking at $325 dollars a month in payment. Be aware that YC does have HOA fees that are about $400 a month. So your looking at spending $725 monthly.
Hope that helped! The numbers were only an estimate and not fact. A lender would give you the exact amount, because it would vary depending on interest rate and home value.
We're in the middle of Bellforest in our new office located on Hwy 181 and Co. Rd. 64 across the street from Kravers Seafood. Stop by and we'll look at other pieces of property similar to yours in Bellforest and determine a price. If you live too far away, give us a call at Shamrock Properties at 251-533-9445 and we'll be happy to give you a free evaluation and our pricing opinion for your property.... more
George the great thing about our area and Daphne specifically is there are so many choices. If waterfront is your thing we have some spectacular properties and neighborhoods that front Mobile Bay with incredible views and amazing sunsets. If you are looking for something off the water there are some extremely well done subdivisions that will fit anyone's definition of spectacular. If you are interested in our area feel free to contact me directly at Shamrock Properties. We are centrally located in Daphne, Alabama and can help you find the right neighborhood for you.... more
I have a beautiful home in Daphne, Al that is not in a subdivision. It is perfect for you. I have it listed on FOR SALE BY OWNER.COM. I have it listed for $ 142,200. located at 907 Camellia Court on a cul-d-sak... more
The taxes run about $650. per year if you are claiming this as your homestead. If it is investment property the taxes run around $1,300. per year and if you are going to rent the property the taxes would be approximately $1,950. per year. If you claim H-1 homestead you will get a credit lowering the taxes to approximately $600. If you do not have over $12,000. of taxable income you could be exempt. If you are totally and permanently disabled your taxes could be 0. If you are over 65 years of age there is a discount for that!
Now that I have probably totally confused you, you may contact me for further information or to help you relocate to Baldwin County.... more
I see your question about attorneys, but also your additional comments below. I'll attempt to address what I'm understanding to be your two primary questions as best I can.
As Barbara pointed out, Realtors cannot give legal advice. However, our areas of expertise are many.
First, we help sellers to price their home correctly when listing a property for sale or help buyers looking for property to weed through the vast choices and determine a fair offer when the right property has been located.
Second, once a deal as been struck, it's our job to make sure the details of the contract are fulfilled by coordinating with the other Realtor, when applicable, the title company handling the closing and issuing the title insurance, the bankers issuing and closing out loans, making sure inspections have been conducted, surveys secured, termite bonds issued, etc.
When using a title company to handle a closing, they don't have to have lawyers as part of their company. However, I'm yet to work a closing that doesn't have attorneys reviewing the contract prior to securing the title insurance. Although these attorneys have to remain neutral, it is helpful to have those extra sets of eyes reviewing the documents and knowing to recommend that one or both sides seek independent counsel if issues need to be ironed out legally in order for clear title to be conveyed.
It is also helpful to use an attorney if the transaction of selling real estate goes hand in hand with selling a business that uses that property, especially if the need for the real estate is only necessary if also buying the business.
As for prices per square foot, there is no "average." The location issue can change within one or two blocks based on the obvious issues that make one location more desirable over another. You also have to look at the houses being used as comps in light of age, condition, amenities and style. When doing a thorough comparative market analysis, adjustments are made for those things that add or take away from specific properties so as to make the properties as equal as possible. Price per square foot is only one small part of the equation. You also can't use foreclosed properties as comps unless the property being considered is also a foreclosure; to do so skews the fair market value.
I hope this helps to answer your questions. If you aren't already being assisted by a Realtor, I would be please to be of further assistance as you consider your options. In such a case, please don't hesitate to contact me directly.... more
My understanding is that the right of redemption is usually forfieted if the owner does not vacate by the date stated on the foreclosure notice. Regardless, I would think that the owner should get the mortgager's promise in writing.... more
My office is the largest selling company in the Eastern Shore of Mobile Bay, so it is likely that we are going to see changes in the market on our sales board before the news is out that the market has turned in our area. As of yesterday we have 10 sales on our board for October and one new listing. This is quite a change! For the last couple of years, because we have been in a definite "buyer's market" our listings have outpaced sales. This is a big deal, but we are waiting to see if this is a trend or an anomaly.
2010 through the first quarter of 2011 remain a mystery. The election in November may have a great influence, and no one has that crystal ball. All predictions are that we will see a very slow recovery, however we are greatly affected by all the foreclosures on the market and that continues to increase as large numbers of ARM loans are due to balloon this year and next year. If-as recent news has indicated-lenders such as Bank of America and JP Morgan stop or temporarily pause foreclosures, our market will be directly impacted. In other words, right now we simply don't know what is going to happen in this area. With the huge amount of inventory available and with interest rates so spectacularly low I can't imagine why anyone who is able to do so wouldn't purchase real estate right now, especially if you are planning on holding on to it for another couple of years. In several areas around Mobile rent prices per square foot are much more expensive than existing home sales prices. Yes, you do need to look at each area individually, but we are taling about the Mobile market, and that is what the case is here.... more