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City hopes waterfront land attracts fun, food

By: Huntsville Real Estate Expert Mike Manosky On July 14, 2006

Hearing to zone tract for business, recreation Aug. 24
Friday, July 14, 2006
By JOHN PECK
Times Staff Writer john.peck@htimes.com

Two years after buying a huge chunk of waterfront property along the Tennessee River, the city of Huntsville is taking steps to develop it into something useful for the public.

The 134-acre, oblong tract stretches west from the twin Whitesburg bridges to near the boundary of Redstone Arsenal. When the city bought the land in May 2004, city leaders talked of building a mile-long greenway that could continue under the bridges to the Ditto Landing Marina.

The land sat dormant until recently when it was finally annexed into the city. Thursday night, the City Council set a public hearing for Aug. 24 on a proposal to zone the land Commercial Recreation C-5 District.
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Tags: huntsville real estate, park, waterfront

Agency Law – Who Represents Whom? *

By: Huntsville Real Estate Expert Mike Manosky On

In a routine Huntsville real estate transaction, real estate agents normally represent the party who has signed an agreement with them to market their home, i.e. the Seller. It is important that you, as a purchaser of real estate, fully understand that all Realtors legally represent the seller, and must protect the seller’s best interests at all times. Realtors have a responsibility to you to be honest and ethical in presenting property to you and are required to divulge all KNOWN facts and defects about a property in order for you to make an intelligent buying decision. However, at no time can they give you any information detrimental to the seller, and they must pass on to the seller any information they have about you, such as your willingness to pay more for a property than your offer indicates. You may, however, enter into a written agreement with the Agent to have him or her act on your behalf. This is called Buyer Agency or buyer representation.

In my Huntsville real estate business, I choose to offer Buyer Representation, and will specifically represent you, as my client, in the buying process, if you wish. As a member of the Real Estate Buyer’s Agent Council (REBAC), I am skilled in providing excellent representation for buyers. The law requires that we have a written agreement, stating our mutual obligations. Under such an agreement, we have a legal duty to divulge to all parties that we are working under a “buyer agency” agreement. Under such an agreement, your interests will be represented. Costs are typically paid from the sellers’ funds at closing.

*Alabama Real Estate Law requires that both buyers and sellers of real estate sign an Agency Disclosure Form.

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Mike Manosky
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