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Home Buying in Baldwin County : Real Estate Advice

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  • Local Info1
  • Home Buying5
  • Home Selling0
  • Market Conditions0

Activity 178
Tue Jul 14, 2015
Bweichert answered:
Make sure you purchase a entire brick home. No vinyl siding. Also, see if home has storm windows or protection for the windows in the event of a storm. Finally, look at the number of BIG trees in the yard and how close they are to the house. ... more
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Tue Jul 14, 2015
Bweichert answered:
Cheap. $300 to $400 a year. But make sure you apply for homestead at the court house. If you do not apply your cost will double.
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Tue Jul 14, 2015
Bweichert answered:
depends on what side of hwy 98 you live on and if your in a flood plan. However, I think the average cost is around $1,800 to $2,500 depending on sqft. Also, depends on how much you are willing to cover first. Most people do 2%, but I have seen coverage as high as 10% for deductible. ... more
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Thu Jul 9, 2015
Janel Smith answered:
I am a Realtor so I cannot answer that but I would love to email you some lenders I like to use and they may be able to answer that for you if you would like?
janelasmith@gmail.com if you would like to receive some info of lenders in the area! ... more
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Sat May 2, 2015
Sally Grenier answered:
Are you asking as a buyer or seller? You should contact a Realtor in your area who can give you a better answer.

For agent commissions: Typically the seller pays the listing agency a commission (and that agent offers a co-op fee to a buyer's agent). So a buyer doesn't have to their agent's commission.

On top of commissions, a seller may have to pay title insurance, title company fees, county recording fees, HOA fees, etc. (again, this varies from area to area & state to state).

A buyer's closing costs include loan fees, title fees, county recording fees, HOA fees, etc. (again, your agent and lender should be able to give you an idea of what your closing costs will be.

Sometimes a buyer can negotiate and as the seller to pay all or part of their closing fees. A lot depends on the market conditions in your area. If you're in a seller's market, it's less likely a seller will agree to pay your closing costs. Or...they may ask for a higher purchase price and then agree to pay your closing costs.

Does this help?

Good luck!
... more
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Sat May 2, 2015
Dan Tabit answered:
Rdabbot,
I wouldn't trust any answer you didn't get from an accountant licensed in Alabama.
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Wed Apr 22, 2015
Anna M Brocco answered:
If you qualify, yes; therefore visit with any licensed loan officer to determine qualification, be aware that a mortgage pre approval letter is necessary to determine your price range and for any offers to be taken seriously. ... more
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Tue Mar 17, 2015
Lorraine Zavala answered:
I would advise to call your insutance agent as well. I don't think you can have it double insured.
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Tue Mar 17, 2015
Lori Hicks answered:
Mon Mar 9, 2015
Cathy Smith answered:
Please get in touch with an attorney and call the local police department to let them know of the incident. Best of luck to you!
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Wed Mar 4, 2015
Dakota Murdock answered:
http://www.linkedin.com/pub/dakota-murdock/b3/b69/a51
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Wed Feb 18, 2015
Dave Harbour answered:
I can't answer it all in here; there is a lot of information! But, most of the beach condo owners rent the condo out. In any decent rental program, even if you do it yourself, you should get about 10% of the value of your condo in gross rental income each year. Yes, it varies. Yes there are tax implications, good and bad, depending on your situation, and you should ask your cpa. The expenses may "help you", depending on your situation. You can depreciate the condo. Your CPA will know the current rules on all this.

So if you buy a condo for $300,000, you should be able to gross $30,000.00 each year. The cost of ownership includes your note, if you financed, the HOA dues and any assessments, insurance, electricity, etc. These things also add up to about 10% of the value of your condo each year.

The management company handles everything - marketing, booking, cleaning, maintenance and repair, and communication with you. The rates vary. The results vary.

I hope I've answered your question. I'm happy to talk about the condo market and condo ownership with you at any time! Just call me on my cell (251)233-3004.
... more
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Thu Feb 12, 2015
David & Angie Swiger answered:
The Gulf Shores/Orange Beach market can be a challenge for appraisers. Appraisers typically explore the comps in the building or surrounding area and determine the fair market value for the unit compared to those comparables. Seems simple enough as long as the market is stable; however, as appraiser usually doesn't take into account a rising or falling market, so he/she may not be able to appraise a property to meet the rising selling prices or desirability of the building.

For this reason, if an appraiser is able to justify the contract price, they will typically appraise the property at that value since fair market value is what a buyer is willing to pay for the property.
... more
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Thu Feb 12, 2015
David & Angie Swiger answered:
The last person to sign an AL purchase agreement could be the buyer or the seller, depending on the negotiating process. Once Buyer and Seller come to an agreement and both parties sign, the contract is considered executed. ... more
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Thu Feb 12, 2015
David & Angie Swiger answered:
Although some Sellers may be more inclined to reduce their selling price after the summer season, you will probably not see any drastic price reductions during the shoulder season. You may, however, have more to choose from as a buyer since many Sellers wait until after the season to put their properties on the market. ... more
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Wed Feb 4, 2015
Sandra Walker Payne answered:
I just sold 15 acres in Robertsdale. Does this property have wetlands? Also is it wooded or farm land/
This really makes a difference. Call me and I can discuss this with you.
Thank You, Sandra Walker
Realty 1st
256-339-4193
... more
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Thu Jan 15, 2015
Christine Esteves asked:
Wed Dec 10, 2014
Murphy Team answered:
I believe you would need to close in 2014 to have the sale count for 2014. Not sure what "deductions" you would benefit from except for the closing costs of the loan. You will not have any real interest deductions. Best to talk to your accountant on this one. ... more
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Wed Nov 12, 2014
Daniela Nielsen answered:
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