44 yr old realtor. Raised my 1st child as a single mom. Not an easy job. But he is now 16 and is amazing. You should be very proud. God gives us all the tools we need. What we do with them is up to us. Call me and I can help guide you through this. My number is256-348-5346
I was able to attend the Huntsville Area Association of Realtors Economic Summit that was held just a few months ago and I found it very encouraging. The Chief Economist for the National Association of Realtors was the keynote speaker. In his speech, he pointed out that our economy is relatively stable and in a good position compared to many areas in the US. That said, we have seen some reduction in prices on some homes in our area. We do have a lot of new construction in North Alabama and that has also increased competition between existing and new homes. Unfortunately, there are short sales and foreclosures as well, which may also affect the value of the surrounding homes.
My personal opinion is that as long as people are still relocating into this area, we are in good shape. The Chief Economist also relayed that when consumer confidence is down, home sales are down and a pent up demand is created as consumers stay in rentals until their confidence returns.
If you need some more information about the history of home values in a particular neighborhood, let me know!
Good luck and let's be confident!
Keller Williams Madison
I'm not in AL, but a financing contingency is pretty typical in most contracts. Sounds like you need for find a REALTOR to assist you in this process. He/she will work for you as a Buyer's Agent, and it doesn't cost you anything! They typically get paid by the seller through the listing brokerage. There should be other forms such as a seller's property disclosure, square footage disclosure, etc. Find a good agent. Good luck!... more
Getting new business is always a challenge for any business. Best thing to do is go out and talk to people about what you do. Network, pass cards, get referrals. Posting on forums help, but should be done appropriately. Try Craigslist as well. The rate on forum listings is low, but some successes if done constantly.
Join a local BNI group as well, they are always looking for members that are trade service related.... more
Hello Dan, Yes the median sales prices are down considerably. Builders are now building at a cost per square foot lower than existing homes appraise for.
If you would like to receive some recent local statistics from me you can directly email me at; firstname.lastname@example.org. Rachael Andree Realtor/ALC Member Keller Williams Huntsville... more
Alabama is a buyer-beware state, so you don't have to disclose anything in regards to problems.......unless it is health, safety, or structurally related. So, discovered black mold in the basement? YES. Leaky water heater? NO. That's technically the buyer and home inspector's job to find.... more
Getting angry may be a bit much. HOWEVER, please always remember to let an agent know if you are working with another agent. Our time and energy is valuable and it is a little less rewarding when we know you will take your business elsewhere!
I'd probably show you the property but would tell you just what I said above. Good luck!... more
There are definitely some areas that sell better than others. What is your general price range of homes? That would make it pretty easy to send you a list of what you're looking for. New construction is especially hot right now and accounts for approximately 30-35% of the current market.... more
Visit a neighborhood several times to get a sense of belonging; check out area statistics; real estate professionals are prohibited from steering, enticing a buyer to purchase, or not, in specific neighborhoods; so, you should check out demographics on your own to assure your comfort level can be reached. Also consider checking local census figures.
I would start spreading the word with all of the people in your sphere of influnce. Since referrals are the best way to get work let them help you. If you already have trust with these people then proving yourself through your work should be easy.
In the eyes of a Lender, a 'short sale' is viewed the same as a 'foreclosure' in that the original 1st lien lender did not recover 100% of their principal amount back from their original loan.
That said, it would be a minimum of 3 years and you would have to re-establish good credit for FHA financing.
3 years is the minimum and each Loan Application is underwritten seperately so you could be eligible at 3 years plus a day or it might be longer depending on why you entered into a short sale in the first place.