Mobile Bay Real Estate: Regulatory Reform Expected With Obama Presidency

Mobile Bay Real Estate: Regulatory Reform Expected With Obama Presidency

The upcoming presidential transition comes at a time of great challenges within the housing industry and the economy at large. Consequently, many are wondering what a Barack Obama presidency will mean for real estate and housing issues.

National Association of Realtors analysts expect the Obama administration and the new Democratic-controlled Congress to focus on regulatory reform of the financial services industry, with potential changes to Fannie Mae and Freddie Mac.

This fall, Obama responded to Realtor® Magazine‘s questions about the mortgage crisis, sustainable development, housing affordability and other topics. Read the interview here.

If you want to learn about Mobile Bay real estate, please contact us at 251-990-0569 or visit

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Mobile Bay Real Estate And Homes For Sale: 450 Village Drive

Mobile Bay Real Estate And Homes For Sale:

450 Village Drive, Daphne AL 36526
MLS# 131381


Learn about Mobile Bay real estate at or give us a call, 251-990-0569.

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Mobile Bay Real Estate & Homes For Sale: Gayfer Court

Mobile Bay Real Estate & Homes For Sale:

mobile bay real estateGayfer Court, Fairhope AL 36532

MLS Number: 131882  

Incredible Bayfront in Baldwin County! Walking distance to Fairhope pier and yacht club. Wonderful covered pier plus crabbing and swimming pier. 2 boat lifts with water, electric and 2 fishing lights. Must see home. Custom built. Maple cabinets, and granite. Open floor plan. Built-in flat screen TV. Asl about the extra lot. MUST SEE!

For more information on Gayfer Court or other Baldwin County AL real estate, visit or give us a call, 251-990-0569.

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Mobile Bay Real Estate: Do I Really Want to Own Rental Property?

Mobile Bay Real Estate: Do I Really Want to Own Rental Property?

Investing in Mobile Bay real estate and owning rental property sounds glamorous, but it isn’t for everyone.

Be sure you know what you’re getting into and understand what you are getting into before signing on the dotted line. Here are some questions you should ask yourself before purchasing an investment property:

  • Where will the down payment come from for this property?
  • Do you have cash reserves so you handle periods of vacancy, i.e. no income?
  • How about reserves for unexpected repairs and other expenses?
  • Do you need property to rent immediately or do you have time and money for a “fixer-upper”?
  • Will you make needed renovations and repairs or hire someone else for the job?
  • What type of property do you want: single family, apartment, duplex, condominium, or vacation property?

Thinking it through ahead of time assures that you won’t get caught making a rash decision you will regret later.

If you decide now is the time to take advantage of lower market prices and invest in Mobile Bay real estate and rental property, visit or give us a call, 251-990-0569.

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Mobile Bay Real Estate For Sale: 16265 Scenic Highway

Mobile Bay Real Estate For Sale

16265 Scenic Highway 98 in Point Clear

GORGEOUS BAYFRONT ESTATE IN POINT CLEAR—COMPLETELY RENOVATED! THIS 4 BR/6 BA, 6,472 SQ. FT. HOME HAS SPECTACULAR BAYFRONT VIEWS AND INCREDIBLE POOL AND PAVILION. Over 170 Front Feet on Mobile Bay with approximately 2 acres of land in sought-after Point Clear. Bordered by Bailey’s Creek to the South. Phenomenal open floor plan with Travertine floors throughout. Unbelievable views.

As you drive up to this grand Bayfront estate, you’ll fall in love with the beautiful tree-filled grounds with a winding private drive to the Regional Bay House with a Contemporary Flair. Four imposing two-story columns frame the Porte-Cachere in front. Inside, the light-filled, expansive Foyer is just as magnificent—it invites you to wander through the spectacular main level or take the hand-crafted curving iron staircase to the upper level. On the main level, the Foyer opens up to the spacious Dining Room with coffered ceilings. To one side of the Dining Room is the generously proportioned Living Room, with even taller coffered ceilings. On the other side, you’ll discover the ample Family Room and the substantial gourmet Kitchen, with every amenity a chef could desire.

There’s a large Guest Bedroom and Bath on the main level as well. Upstairs, you’ll find the oversized Master Suite and two additional roomy Bedrooms, each with its own Bath, that are connected by a big, comfortable Den the entire family can enjoy together.

Back downstairs, exit French Doors to a sizeable Courtyard off the Family Room that is perfect for entertaining or just reading and relaxing. Or you may be tempted to go through the double Bayfront doors to the extraordinary Saltwater Pool and Pavilion—it’s truly a separate living space all its own, with a Kitchen, walk-in Shower and Bathroom. There’s also a huge Backyard, where, from virtually every angle, you have breathtaking views of Mobile Bay and Bailey’s Creek. You will want to call this exceptional house your family’s home forever.

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Mobile Bay Real Estate: Realtors Praise Senate

The National Association of Realtors, yesterday, praised the Senate for passing the Economic Stabilization Act. Below is what the NAR President had to say (keep in mind, this bill still needs to pass in the house):

WASHINGTON, October 02, 2008

The National Association of Realtors®  commends the U.S. Senate for passing the Emergency Economic Stabilization Act of 2008. The Senate’s bold action will help the country emerge from the current credit crisis and put the economy back on its way to improved financial and housing stability.

“This far-reaching and meaningful legislation would go a long way in helping restore confidence in the nation’s financial system,” said NAR President Richard F. Gaylord. “Provisions in the bill would directly benefit Main Street by making financing more available. The legislation would not only help make home mortgages more available, which would help stabilize home sales and prices, but also help families who are trying to secure a car loan or borrow money to send their children to college. It would help protect Americans’ retirement savings and small businesses across the country.”

The act would require financial institutions to work with lenders and mortgage servicers to find ways to avoid foreclosures. It would also create a Troubled Asset Relief Program to purchase and guarantee the troubled assets from financial institutions that hold mortgages or mortgage-backed securities.

“If done right, the cost of such a plan will possibly be below the figures that have been widely reported,” said NAR Chief Economist Lawrence Yun. “In fact there is a very good chance that taxpayers will reap a positive return on this investment over the long term.”

“By unclogging the financial pipeline, liquidity will be greatly improved and mortgages will become more accessible and affordable, allowing families who dream of owning a home to do so and at the same time help current owners keep the home they have,” Gaylord said.

“There will not be an economic recovery without a housing recovery, and this ambitious legislation is what our economy needs. We will work hard with the House of Representatives and the administration to ensure a quick and smooth enactment and implementation,” said Gaylord.