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The Business Cycle and Buying a Home in the Mobile AL Area

Posted in: Buyers
Recession and Expansion

The Mobile AL home market moves logically.  There are times when the economy is brisk and everyone feels confident about his or her prospects for the future. As a result, they spend money. People eat out more, buy new cars, and...
 ... They buy new homes in Mobile, or Eastern Shore and Gulf Shores homes.

Then, for one reason or another, the economy slows down. Companies lay off employees and consumers are more careful about where they spend money, perhaps saving more than usual. As a result, the economy decelerates even further. If it slows enough, we have a recession.

Determining Your Offer Price for Alabama Eastern Shore Real Estate

Posted in: Buyers
When you prepare an offer to purchase a home in Alabama Eastern Shore real estate, you already know the seller's asking price. But what price are you going to offer and how do you come up with that figure?

Determining your offer price is a three-step process. First, you look at recent sales of similar Mobile properties on the Eastern Shore to come up with a price range. Then, you analyze additional data, such as the condition of the home, improvements made to the property, current market conditions, and the circumstances of the seller. This will help you settle on a price you think would be fair to pay for the Eastern Shore AL home. Finally, depending on your negotiating style, you adjust your "fair" price and come up with what you want to put in your offer.

Parker CO

Lucinda Briggs
Re/Max By The Bay

Office
251-621-2588
Fax
 
251-625-3325
Cell/Text
 
251-423-7127

lucinda@lucindabriggs.com


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