Mobile Alabama Realtor - Jason Stewart
YAERD Approved Partner for Real Estate In Mobile AL
Jason Stewart, a real estate agent with Keller Williams Realty in Mobile, AL (Alabama) provides professional real estate brokerage services for Mobile and Baldwin Counties.
- resale homes
- new construction (new homes)
- land
- subdivision lots
- waterfront homes
- waterfront lots
- pre-construction
- condominiums
- duplexes
- resort community homes
- beach front property
- Home sales should be easy and profitable for the seller.
If you have a home that you wish to sell, let him take the headache out of the process. As an effective advertiser, a strong negotiator, and a member of both Mobile County and Baldwin County Multiple Listing Services (MLS double-exposure), Jason will make it happen for you.
His superior service will deliver superior results.
- Home buyers should receive service from their agent.
If you are still thumbing through home magazines and juggling the numbers of a dozen different home owners and real estate agents, you are indirectly paying for a service that you are not getting.
As a member of two MLS systems on Alabama's Gulf Coast, Jason can help you buy properties listed by any brokerage in Mobile County or Baldwin County. He will also make sure that you have information on homes for sale that match your criteria--as soon as they hit the market. When it is time to make an offer, he will provide you with up-to-date comparable home sales data to help you negotiate with confidence.
Let Jason show you how easy buying a home can be.
Contact YAERD's Approved Partner in Alabama
(251) 366-6428
- Mobile, AL (Alabama)
- West Mobile, AL (Alabama)
- Daphne, AL (Alabama)
- Spanish Fort, AL (Alabama)
- Fairhope, AL (Alabama)
- Semmes, AL (Alabama)
- Saraland, AL (Alabama)
- Dauphin Island, AL (Alabama)
- Foley, AL (Alabama)
- Loxley, AL (Alabama)
- Theodore, AL (Alabama)
- Orange Beach, AL (Alabama)
- Gulf Shores, AL (Alabama)
- Grand Bay, AL (Alabama)
- Wilmer, AL (Alabama)
- Bay Minette, AL (Alabama)
- Satsuma, AL (Alabama)
Jason enjoys helping people find homes that suit their lifestyle. He also provides the same level of first-class home selling service to home owners who need to sell homes that they have since outgrown.
By leveraging his formidable computer skills (Degree in Computer Engineering + Years of Commercial Software Development Experience), Jason harnesses the full power of the internet to:
- quickly sell his clients' homes for top dollar through extensive internet exposure
- keep his buyers well informed of suitable homes as soon as they hit the market
- automate menial tasks so he will have more time to assist you personally
As a life-long resident of Alabama's Gulf Coast, Jason is very familiar with both Mobile and Baldwin Counties. When it comes to subdivisions, restaurants, shopping, attractions, and things to do, Jason can give you the lowdown from memory.
He represents sellers and buyers with the purchase and sale of residential, commercial, and multi-family properties. Whether it is new construction, pre-construction, beach front condominiums, resale, resort communities, land, or golf getaways--if you can live in it, Jason can help.
Pricing
Correct pricing is a critical precondition for a successful sale. To quickly achieve a sale at an ideal sales price, we will need evidence to support the asking price.
It may be wise to have the home professionally appraised. This will cost anywhere from $250 to $400, but it could be money well spent. An appraisal can help you sell faster by making interested buyers feel a little more comfortable about accepting your price.
If you would like to save yourself the expense of a professional appraisal, you can request a home value market analysis from a real estate agent. A home value market analysis is an estimate of your home's current value based on recent sales data made available by the local Board of REALTORS®.
To request a home value market analysis, call Jason at (251) 366-6428, or send him your request via e-mail to jstewart@housinghangout.com.
One caveat to the aforementioned approach is that a home value market analysis may have to be adjusted down on a "for sale by owner" sale. This is because the home value market analysis is based solely upon sales made by REALTORS® which, on average, sell for 15% more than the typical FSBO sale.
Why 15%?
- Since no agent commission is being paid, a purchaser who shops "For Sale By Owner" properties is probably doing so with the expectation of a considerable discount.
- Real estate agents have advertising opportunities available to them which are more cost effective than those available to the general public.
- The extensive market exposure that a real estate agent provides translates into more showings and a higher probability of finding a buyer who is ready, willing, and able to purchase your home at full price.
- An agent has more experience pricing homes, dealing with buyers, negotiating contracts, and closing sales than most sellers do (including sellers who have sold homes before).
If a REALTOR® charges a commission of 6%, and he earns 15% more money for you on the home sale than you would have gotten on your own, you will net more money by having the professional do the work for you.
| FSBO |
The sales price you could achieve on your own. |
What you should net on your own. |
| REAL = |
1.15 x 0.94 x FSBO
(15% increase + [6% reduction (100% - 6% = 94%)]) |
What you should net using a REALTOR®. |
| REAL = |
1.081 x FSBO |
The REALTOR® helps you net 8.1% more money in the average case. |
We have found a buyer for your home who is willing, ready, and able, and we have an accepted contract in our hands. Is is over yet? Not really.
For mortgage and title purposes, a few things need to be done before the closing can take place. In the best of circumstances, the following items can be resolved in a couple days. In more complicated situations, it can take much longer.
- Alabama Wood Infestation Report - $90
This report, required by state law for any residential sale, is ordered by the seller at his own expense and is furnished to the buyer at closing. The wood infestation report is neither a bond nor a warranty. It is simply an inspection of visibly accessible areas for wood destroying organisms. Infested parts of the dwelling will have to be treated before the sale can close.
- Appraisal - Buyer's Expense
A licensed appraiser is sent by the buyer's mortgage company to appraise your home prior to loan origination. The home must appraise for at least the buyer's loan amount since the home serves as collateral for the loan.
If the home does not appraise for the sale price, the price can be re-negotiated down to the appraised value so that the mortgage can go through. If that is not acceptable, the contract can be voided through a mutual release, and you can attempt to sell the home for a price above the appraised value to a cash buyer (who is not governed by the appraisal since he is using his own money instead of the bank's).
- Title Search
To ensure that clear title is conveyed to the buyer at closing, the title company performs a title search for any existing liens, judgments, claims, or bankruptcies affecting the property.
If there are any tax liens, mechanics liens, mortgage liens, or any other liens on the property, those liens will have to be fully paid at or prior to closing.
When selling a home that is part of a bankruptcy estate, you will need permission from the bankruptcy court before the sale can close. Make sure that you have acquired this permission prior to putting your home on the market.
The Advantages of Home Ownership
If your credit is good, and you plan to stay in an area for more than a few years, buying a home may be the best decision you ever make.
Home ownership provides the following advantages:
- Fixed Principal and Interest Payments
Unlike rent, principal and interest payments on most mortgages are fixed. Increases in your monthly payment will be limited to taxes and homeowner's insurance.
- Private Ownership
When you buy, your home is truly yours. Decorate, re-model, landscape, and improve as you wish.
- Equity Build-Up
As you make payments, you build equity in your home that can be borrowed against.
- Tax Savings
The interest portion of your mortgage payment is tax deductible. You can deduct this interest from your taxable income. This should lower your tax liability.
- Appreciation
A home is more than just a place to live. It is an investment. When it comes time to sell your home, in many circumstances you may realize a positive return on your investment.
To obtain a sufficient mortgage on favorable terms, you will need good credit up to close of sale.
To accomplish this:
- Maintain a history of timely payments and low balances on all accounts.
- Avoid any large financed purchases prior to buying a home (auto loans and such).
- Pay all bills on time.
- Resolve any outstanding judgments, liens, bankruptcies, or unpaid bills. For each item resolved, request a letter from the other party stating their acknowledgement that the issue has been resolved.
- If you have recently divorced, make sure that any joint accounts which still bear your name are not in default.
- Do not pull your credit score excessively. This can lower it.
- Beware of companies that claim to clean credit overnight for a fee. It is a lengthy process, regardless of who does it.
To find out how much you can comfortably spend on a home, get pre-qualified by a mortgage lender.
The benefits of getting pre-qualified:
- It gives you a better idea of what you can afford.
- It strengthens your bargaining position in the multiple-offer situations that come up frequently in seller's markets.
- It gives you an opportunity to "lock-in" your interest rate. This could save you thousands if rates increase before you buy. Even if rates decrease, you can still get approved at the lower interest rate.
Traditional forms of home financing require a down payment of three to five percent of the purchase price. Many mortgage companies offer zero down payment loans with terms less favorable than those of traditional loans. The Alabama Housing Finance Authority offers down-payment assistance programs to qualified buyers.
To buy a home, you will need to budget for the following items:
- $350 Home Inspection Fee (if you choose to have one done)
- $50 Credit Report Fee (required by mortgage lender at time of loan application)
- $375 Appraisal Fee (required by mortgage lender)
- Down Payment (Percentage of Purchase Price):
- 5% for Conventional financing
- 3% for FHA financing
- 0% for VA financing or a non-conforming loan
Do not spend your last dime to buy a home. Homes periodically need maintenance, so keep enough cash in reserve to fix small problems before they become big ones.
If you plan on relocating to South Alabama (AL), Jason would like to help.
He will provide you with information on areas, cities, homes, lots, neighborhoods, prices, restaurants, attractions, and anything else that you would like to know.
Call him at (251) 366-6428 or send an e-mail request to jstewart@housinghangout.com for a consultation or a free relocation package
