The coastal properties in Alabama, Florida, Louisiana, Mississippi and Texas will be affected by this catastrophic oil spill for years to come. As of today, now 47 days and still counting, BP Oil has been ineffective in successfully stopping the flow of oil. Therefore, our Gulf Coast is faced with environmental devastation, loss of marine life and wildlife, further property devaluation (not that inept governmental and political faux pas were enough to damage), illusion of an economic recovery, businesses closing, and loss of livelihoods for longtime residents.

As a person who has lived in the Mobile Bay Metro Area (Baldwin County and Mobile County of Alabama) the majority of my life, this massive oil spill in the Gulf of Mexico conjures up so many emotions and thoughts inside me and, many unkind words (please forgive) towards all who have dragged this on for much too long. Also, the lack of expedience and nondisclosures which could be labeled lies has certainly not helped to comfort Gulf Coast residents. It is quite evident that many Gulf Coast residents do not believe BP Oil and the government have properly handled this oil spill catastrophe.

Anyway, this oil spill catastrophe will apparently be with us for many months and years to come. Our Gulf Coast area will never be the same and will definitely affect the United States as a whole and potentially have International negative implications. Also, unfortunately, coastal properties more than likely will be faced with further decline in value; not that government intrusions and regulations as well as poor and restrictive lending practices have already been enough to damage our property values and the real estate industry as a whole.

So, how will the coastal real estate marketability be affected within the Gulf Coast states? Whether true or not, the stigma of an oil spill catastrophe will, in my opinion, have a potential affect on the marketability of properties along the Gulf Coast. How much of an affect is still an unknown? The future selling of coastal properties should begin to hold the answers to these questions. So, “time will tell.”

Is your property rich in oil? If so, it’s certainly not the way you want to discover oil on your property. Contact a professional you trust and get sound advice when the stigma of oil has knocked on your door. There are many good Certified Real Estate Appraisers and Attorneys in the Gulf Coast states. It is always important to understand the affects of this oil spill upon our coastal properties.

Information and opinions have been provided by Cheney Appraisal Services, Albert Marshall Cheney, a Certified Residential Real Property Appraiser for the state of Alabama, (251) 533-2424. Albert Cheney has over 35 years of real estate experience in the southern part of Alabama.

The Kings Mill subdivision is located along the western side of Knollwood Road, south of Cottage Hill Road, the western part of Mobile, Alabama.

The Kings Mill development has 39 homes, built between 1998 and 2004, with most having 1,850+- square feet to 2,700+- square feet of living area. The majority of homes have 3 bedrooms and 2 or 2 1/2 bathrooms. There are about nine homes having 4 bedrooms. The home values will mostly range between $275,000 and $300,000.

Albert Cheney, Cheney Appraisal Services, covers the Mobile Bay Metro Area, Baldwin County and Mobile County of Alabama. Albert Cheney is an active Certified Residential Real Property Appraiser and FHA Approved Appraiser with 35+ years experience in the real estate industry. Call Albert Cheney at (251) 533-2424 or Albert@CheneyAppraisalServices.com if you require more information about Alabama real estate and ordering a “Certified” real estate appraisal report.

“The Woodlands At Malbis” is located along the east side of Alabama State Highway 181, a few miles south of U. S. Interstate Highway 10 and also south of U. S. Highway 90.  The Malbis Regional Shopping Center is located on the northern side of U. S. Highway 10 and only minutes from this subdivision.

“The Woodlands of Malbis” has 35 lots and eight common area parcels according to online records.  This subdivision is described as “a fantastic tree-lined upscale neighborhood with lakes and estate-sized lots.”  

The Baldwin County Association of REALTORS’ online records indicate 4 active listings ranging from $494,900 to $1,900,000 with 3,258 to 5,740 square feet and 9 past sold properties selling between $550,000 and $840,000 with 4,296 to 4,939 square feet .

For further information, contact Barbara S. Reeves at 251-510-0629, 251-621-2588 or toll free direct by calling 888-489-8001.

For more information about Certified Residential Real Property Appraisers and Approved FHA Appraisers, contact Albert Marshall Cheney with Cheney Appraisal Services at 251-533-2424.  Albert Cheney covers Daphne, Fairhope, Loxley, Malbis, Montrose, Point Clear, Robertsdale, Spanish Fort and many other communities and towns within Baldwin County, Alabama.  Al Cheney suggests clicking onto these web site links, http://www.CheneyAppraisalServices.com & http://www.MobileAlabamaFHARealEstateAppraisers.com for much more information!

“Charleston Ridge” subdivision is one of the newest Saraland subdivisions located along the eastern side of Celeste Road and about 3.2 miles north of U. S. Interstate Highway 65.  This subdivision is located 15+- minutes from downtown historic Mobile, Alabama.

The square foot minimum is 2,800 and a double garage is required per restrictions.

“Charleston Ridge” has 47 lots and, to date, around 28% of the lots have been sold.  The average asking price per square foot is $101.78 based on only four active listings shown within the Mobile Area Association of REALTORS’ multiple listing service (MLS).  The asking prices are between $289,000 and $310,000 with homes ranging from 2,834 to 3,027 square feet.  These homes have 3 or 4 bedrooms and 2 1/2 or 3 bathrooms according to the available online records.

For more information, go to http://www.kevinloper.com/areas/index.cfm?City=SARALAND&State=AL&StateFull=ALABAMA.

For FHA Appraisers, go to http://www.mobilealabamafharealestateappraisers.com/.

This information has been provided by Al Cheney, FHA/HUD Appraiser located within the Mobile Bay Metro Area of Alabama, Baldwin and Mobile Counties.  Al Cheney has over 30 years real estate experience!  Al Cheney can be reached by clicking on the above web link or call (251) 533-2424.

I know there are supposed to be changes coming. I don’t know what exactly those changes are going to mean for the appraisers as of yet but what I do know is that although every “appears” to be running scared, no one really is. There are cries for help from the lenders losing money and cries for help from the homeowners losing their homes, and cries for help from the PMI companies, and appraisers who are honest and want some protection, and the list just goes on and on, but the AMC’s are still calling and asking who can do the jobs the cheapest and the fastest, and the rouge appraisers are still sending their trainees out to do these jobs as poorly as possible, and no one wants to pay a little more to make sure the job is done right the first time and the end result is not what everyone is crying about…

How can they keep on crying when they keep on doing what they were doing before this all happened and nothing changes? The same appraisers who came in high on all the appraisals that are inflated and in foreclosure are doing the really bad REO appraisals and are destroying the foreclosure market and short sale market for the lenders, leaving houses on the market for over a year because of inflated, poorly done appraisals and BPO’s (which is a whole different ball of wax)…

Does anyone have any input here?

Julie

Sedona, AZ

But Albert’s experience, interest and knowledge does not stop with the real estate industry. Currently, Albert is a member of the Mobile Area Chamber of Commerce and, in past years, held chairmanships for various civic projects, vice-president positions and a president within two local Jaycee organizations.

Albert also has creative interests, such as, advertising, art, design & layout, marketing, photography and writing as well as previous advertising and publishing experience through a local Jaycee publication, a Chamber’s magazine, the creation of Mobile Bay Monthly magazine (part-owner for the first two issues, then sold) and, for over 10 years, in charge of program advertising, copy and publishing for a local celebrity golf tournament.

Albert is currently interested in writing a few real estate, or related, articles. And, hopefully, the goal of completing a novel before “the grim reaper comes a knockin’ at the door!”

Albert would enjoy your comments, thoughts and article or novel suggestions. You may email at AlbertCheney@comcast.net. Also, Albert would like for you to visit his residential appraisal web site, http://www.CheneyAppraisalServices.com/, for various informational topics and web links for daily use. It is updated periodically so please keep as one of your favorites and visit it often. Thank you very much!

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