Alabama Home Buyers 
Alabama Home Buyers | First Time Home Buyers | Alabama Home Buying tips
This section of our Alabama Real Estate blog is filled with Alabama Home buyer tips and tricks. If you have questions about Alabama Mortgage products and programs you might just find what your looking for on this page.
There are currently 11 blog entries related to this category.
Credit Cards can sometimes help a poor Credit file
Wednesday, February 1st, 2012 at 5:40pm. 576 Views, 0 Comments.
When you have bad credit, poor credit, and or limited credit it is often hard to get a lender or bank to take a chance and extend any type of credit to you. There by making it diffecult to every establish or rebuild your credit rating. A solution to this problem could be a secured line of credit or better known as a secured credit card.
There are several ways opening a secured credit card can jump start your credit file in the right direction.
- Opens a new line of good credit that reports to the credit companies such as Equafax
- A new credit card with a zero balance (or less than 30%) will jump your credit score up about 3-15 points
There are some situations were a new credit card will negativly affect your credit…
New upgrade to Alabama Homes website
Thursday, November 3rd, 2011 at 1:32pm. 1164 Views, 0 Comments.
You should notice that all of the listings you find will have similar properties located at the bottom, this should help you with searches and insure you don't miss any great properties. So lets say you were on the Birmingham Homes page and you clicked on a property for $400,000 you would see related or similar properties at the bottom. I hope you like the updates and still to come is a mobile application with should be installed by the end of the month.
Below you will find some Birmingham Homes in the $200k price range as examples.
Bills before Congress - Do you know what happens in Washington
Monday, October 17th, 2011 at 4:29am. 825 Views, 0 Comments.
Everyday it seems that Congress changes laws and makes new laws that affect you. Do you know what they are and how they affect you, if not then you need to take 20 minutes and check out some of these bills before Congress. If by chance you disagrees with any of the bills currently before Congress, now is the time to act. Call your representative today and let them know how you feel. It is your job to express your opinion before the bills before Congress become a Law you have to follow. Also before I get to involved with this post, I need to get my pluge in "When your ready to start looking at Birmingham Homes be sure to give our Executive team a call."
There are currently "bills before Congress" pertaining to Real Estate matters
S.1616 -…
Get A Second Opinion!
Tuesday, October 4th, 2011 at 1:36pm. 630 Views, 0 Comments.
I had a customer contact me wanting to do a lease purchase on a house. She said she talked to a bank and they told her she did not qualify to buy. I suggested that she speak to a lender before she made that decision. After talking to one of my preferred lenders, she was approved for a conventional loan and we are going house-hunting on Thursday! It is sort of like going to the doctor - - getting a second opinion is a smart idea!
Alabama Real Estate: Buyer and Seller Tools
Friday, September 23rd, 2011 at 5:28pm. 690 Views, 0 Comments.
I pride myself on having the best Alabama Real Estate website in central Alabama. That being said there are some tools that I do not have on this website but that I do have on other websites managed by Barry Miller's "Executive Team"
1. Market Insider
The information on this web page is consolidated from multiple resources and includes active listings, recently sold property, and much more. It does not matter if you're a buyer or seller, the knowledge you obtain will help put you in control of your Alabama real estate transactions. It has Community Information, Local Schools, Insider Tips, and an option to compare areas of interest.
2. Marketing Report
For all our current home sellers and/or Alabama Real Estate clients. To view the…
Alabama Real Estate Market: supply, demand, and "FINANCING"
Monday, September 19th, 2011 at 7:29pm. 1194 Views, 4 Comments.
After reading all the news papers and listening to all the news television spots about the housing market. It's a wonder how most Alabama Real Estate Agents get out of bed in the morning, the negativity is enough to put the average person over the edge.
The "Executive Team" of Keller Williams Trussville, an Alabama Real Estate sales team, meet last week and discussed this very issue and come to the conclusion that although Alabama has it's rough spots for the most part we still have seller's who want to sell and buyers who want to buy. We know it's not the Alabama Mortgage Rates they are at an all time low.
Most economic equations are simple supply and demand, as long as keep the a good balance, just about any business will be OK. Our problem…
Save or Borrow the Money for a Down Payment
Monday, May 23rd, 2011 at 5:57pm. 910 Views, 0 Comments.
The numbers do not lie if you buy now it will cost you less thease
numbers are based on saving over 700 per month and who can do that these
days.
Information About You and the Home You Wish to Buy
Expected Period in House If You Buy Now 30 years
Estimated Property Appreciation Rate 4.00% per year
Income Tax Bracket 27%
Pre-tax Rate of Interest on Savings 5.00%
After-tax Rate of Interest on Savings 3.65%
Number of Months You Rent Before You Buy 48 months
Current Monthly Rent $650
Monthly Real Estate Taxes $55 per month
Monthly Home Owners Insurance $65 per month
Monthly Rental Insurance $35 per month
Loan Information Buy Now Save First
Purchase Price $200,000 $233,972
Down Payment $7,000 $46,794
Loan Amount $193,000 $187,178
Interest Rate 6.000% 6.500%…
Alabama Lease Purchase Homes
Wednesday, April 6th, 2011 at 8:09pm. 4019 Views, 0 Comments.
There are literally hundreds of Lease option homes with as little as $1,000-$9,500 down, in the 5 counties
surrounding Birmingham Alabama and you can look at some of those at Alabama Lease Purchase Homes Keller Williams has a full list of Alabama homes available to you and we
would be happy to send you a list of Alabama homes that might interest you.
I will need the following Items in order to send you an accurate list for you review.
1. Area in which you would like to live - City or school system recommended
2. Amount you have to put down - give me a range so not to limit your options
3. Amount you would like to pay per month - give me a range so not to limit your options
4. Number of Bedrooms and Bathrooms needed
Our Lease purchase buyers…
Paying off your real estate debt in Alabama
Friday, March 11th, 2011 at 2:55pm. 1027 Views, 0 Comments.
Paying off your real estate debt in Alabama
Alabama is a recourse state. This means that the lender can pursue you for the deficit amount even after your home gets foreclosed (if it does). The lender can sue you for the deficiency and it is not at all a situation which you may want in your life. Foreclosure hurts your credit badly enough and with the judgment, you credit rating will be hurt all the more. Thus, it is better to try and pay off your real estate debt rather than carrying it along.
Paying off real estate debt
When you take out a real estate loan, it is important for you to know your state laws on real estate debt. You should also first check with your affordability and then take out a mortgage. This helps you to go on…
Buy vs. Rent
Tuesday, August 10th, 2010 at 8:40pm. 731 Views, 0 Comments.
Buy vs. Rent: Cost Comparison
The chart below will show a cost comparison for a renter and for a homeowner over a seven year period. The renter starts out paying
$800 per month with annual increases of 5%.
The homeowner purchases a home for $110,000 and pays a monthly mortgage
of $1,000. After 6 years, the home owner's payment is lower than the
renter's monthly payment. With the tax savings of home ownership, the
home owner's payment is less than the rental payment after 3 years.
| Yrs | Rent | Mortgage Payment | Monthly Diff. | After Tax Savings | Yearly Diff. | After Tax… |