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Montgomery Real Estate Home Inspection Ins and Outs

by The Hat Team

So you’ve finally found the piece of Montgomery real estate you’ve searched for months! What next? Before you sign a contract, make sure it contains a home inspection contingency, a clause stating that your offer is contingent dependent on the results of a home inspection.

A home inspection is of primary importance because it allows you to obtain an unbiased professional assessment of all the components of the property. It is a step necessary for you to decide if you will stay with your original offer, renegotiate based on documented issues and needed repairs, or back away from the purchase of that piece of Montgomery real estate altogether.

montgomery real estateSelecting a qualified inspector is vital. Your Realtor can provide you with the names of reputable firms, or you can go online to research services offered and credentials. Specific information you should know about the inspector and the inspection process included the following:

      1. Credentials and background: Is he/she licensed in your state? Is he affiliated with any respected organizations such as the American Society of Home Inspectors? Membership in these groups requires that inspectors follow strict guidelines about ethics and continuing education. Be sure to inquire about experience and training. A construction-based background is a plus, as is attending a college with an emphasis on construction or attending a home inspection school.

    2. Fees: Although you don’t want to spend money unnecessarily, this is not a place to scrimp. Your house purchase is a very large investment, and you need to know as much as you can about it. Do remember that money spent on a quality inspection now will be returned to you by avoiding unexpected costly repairs in the future.  The price of an average inspection varies depending on the age, size, and condition of the house. Some inspectors base their fees on the list price of the Montgomery real estate. Get estimates from all you contact, but don’t assume that the lowest priced is the best choice for you.

    3. Type of report: Some inspectors use computer generated onsite reporting, some a handwritten checklist, and others a computer generated report you won’t receive for few days. By and large, the last option is in your best interests since it gives the inspector time to review his findings, look up any questions he may have, and send you a detailed, descriptive report. He should also be able to provide you with pictures of the problem areas. Feel free to ask him for a sample report.

    4. The actual inspection: Make sure that you will be allowed to accompany the inspector and ask questions as he checks out the house and grounds. This is a good time for you to become familiar with the home‘s inner workings, locate shut-off valve and breaker panels, and pick up tips on operating and maintaining different systems.

A thorough home inspection of an average home should take between 2 ½ and 4 hours and should cover both internal and external components of the property. Major items examined should include:

            a. Siding, foundation, brickwork, etc.

            b. Insulation

            c. Deck, roof, garage

            d. Attic/basement

            e. Driveway and walkways

            f. Electrical system

            g. Plumbing

            h. Doors and windows

            i. Heater, air conditioner, and hot water heater

            j. Ceilings, walls, and moldings

Having your Montgomery real estate inspected will allow you to make an informed decision about the purchase of a house and will provide you with both essential knowledge and peace of mind.

2520 College Street Montgomery - beautifully renovated Old Cloverdale home!

MLS #281021

Wonderful Old Cloverdale home with a modern twist! Previous owner was a local architect who opened up the kitchen and added a built-in computer/home office station and entertainment center. The huge master bedroom addition has an entire wall of built-in closets, drawers and shelves. The updated master bath has split his/hers vanities, walk-in travertine tiled shower and another entire wall of closets and storage. In addition to the lovely formal living room and dining room that are perfect for entertaining, there is a cozy sun porch for morning coffee or reading, an office/playroom with more built-in shelves so you and the kids can be organized and a spacious covered back patio that opens onto the private backyard for relaxing most anytime of the year.

Learn more about 2520 College Street and other Montgomery Real Estate by visiting HatTeam.com.

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Midtown Montgomery Real Estate Trends - Dec 2010

by The Hat Team

The 2011 real estate market forecast depends on who you talk to. There are conflicting signs but most experts predict a slow growth in sales nationwide. Real estate guru Barbara Corcoran has this to say about buying a home in 2011:

“Of course people are nervous about buying with so many mixed signals, but my advice would be: Do not wait. If there's one thing I learned about this real estate is that it's very slow to unwind and usually takes years to do it. But once it decides to turn around, those prices move up very quickly, and you'll just be joining every Tom, Dick and Harry bidding on the same house. If you have an inclination to move, you'll get no better time than now, with cheap money, cheap prices and an embarrassment of riches to choose from. Why wouldn't you buy now if you were so inclined?”

The only way to know when you are at the bottom of the market is when you bounce off of it. We bounced in December!

Let’s compare December 2010 to 2009 real estate statistics to see what improvement has taken place in our local market.

Midtown Montgomery real estate sales statistics for December show the average sales price increased by 2% to $142,814 when compared to December 2009.  The number of homes sold decreased by 3% in December.  The median sales prices increased 5% and market times decreased 1% or 1 day.

Midtown
Montgomery

December 
2010
December
2009
Homes Sold
29 30
Average Selling Price $142,814 $140,690
Median Selling Price $125,000 $118,750
Days On The Market 122 123
Units On the Market 2,969 2,969

For the latest Midtown Montgomery real estate market conditions in your area, please call me at 800-HAT-LADY or visit HomesForSaleInMontgomeryAlabama.com.

Information is provided by the Montgomery Area Association of Realtors and is deemed accurate but not guaranteed.

Montgomery Homes for Sale: 7331 Heathermoore Loop

by The Hat Team

Montgomery Homes for Sale:

7331 Heathermoore Loop, Montgomery AL 36117
MLS# 280858

7331 heathermoore loop

Mrs. Clean lives here!! And you can, too! If you're tired of grimy, gloomy houses, call today to see this meticulously kept gem of a home. From the dramatic entry with hard tile floor and soaring ceiling to the master bath with its squeaky-clean double vanity and all-glass separate shower to the immaculate kitchen, every surface shines and every room welcomes. Priced to make you smile, too, so make this one-owner house your new home now!

Learn more about 7331 Heathermoore Loop and other Montgomery homes for sale by visiting HatTeam.com

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Montgomery Real Estate For Sale:1229 Felder Avenue Montgomery, AL 36106

MLS#280781

Unique 1930's Cloverdale cottage just a few blocks from both Cloverdale and Fairview business districts. Step beyond the cozy sun porch to find it has been nicely updated with a large open kitchen, beautiful hardwood floors and modern light fixtures. Relax or entertain in the pretty landscaped backyard...when in bloom!

 

Learn more about 1229 Felder Avenue and other Montgomery Real Estate by visiting HatTeam.com

Search all Montgomery Real Estate and homes for sale.

 

Montgomery Foreclosure Trends - December 2010

by The Hat Team

There were 1,250 Montgomery foreclosure homes for sale with 119 new foreclosures in December 20100. The average selling price of a Montgomery home was $144,257 and the average foreclosure selling price was $84,812, a $59,445 savings, according to RealtyTrac.com.

Foreclosure Activity and 30 Year Interest Rate

Montgomery interest rates averaged 4.71% in December while the number of foreclosed homes increased from 106 in November to 119 in December.

montgomery foreclosure

Foreclosure activity is based on the total number of properties that receive foreclosure filings – default notice, foreclosure auction notice or bank repossession – each month. Interest rate is based on the average 30-year fixed rate from Freddie Mac Primary Mortgage Market Survey.

Montgomery Foreclosure Geographical Comparison

Montgomery foreclosure activity was 0.08% lower than national statistics. 0.03% higher than
Alabama statistics, and 0.01% lower than Montgomery County for the month of December.

montgomery foreclosure

Montgomery Foreclosure Activity by Month

The number of Bank-Owned properties decreased from 80 homes in November to 72 in Dec. The number of Auctions increased from 26 to 45. There is a 6-month rising trend.

montgomery foreclosure

Are you or someone you know behind on mortgage payments and facing a Montgomery foreclosure? You do have options. A short sale may be the answer to saving you, your family and your home. I am a Certified Distressed Property Expert (CDPE) with specialized training in helping families avoid foreclosure. Give me a call for a private consultation.

Montgomery Real Estate For Sale: 2221 Allendale Place Montgomery, AL 36111

MLS#280698

 

Rooms with a view! Wow, talk about sight lines...step inside the double lead glass front French doors of this Allendale home and look right through to the magnificent swimming pool and beautiful back yard! Spacious living room has huge picture window across the back with stunning views. In addition to the formal living room with marble fireplace, there is a large real wood paneled den/family room. The galley kitchen has cool custom cabinetry and built-ins, and boasts a sub-zero refrigerator. Front guest bedroom is large and has en-suite bathroom. Master bedroom is HUGE and has glass doors to pool patio, as well as a spacious updated bathroom. The real jewel in this crown is the back yard...recently painted oversized gunite pool, extensive brick patios, soaring trees, brick walls, mature landscaping, and an outside pool bathroom! 

Learn more about 2221 Allendale Place and other Montgomery Real Estate by visiting HatTeam.com.

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Montgomery Real Estate For Sale: 5408 Handel Drive Montgomery, Al 36109

MLS #280651

Take advantage of this classic traditional brick home meticulously maintained by the same owner for last 18 years, not to mention less than 2 year old roof, beautiful real hardwood and brick floors with no carpet in sight. Four baths will give each their own, and unlimited hot water via two water heaters. Separate laundry room with storage, breakfast room, and well organized kitchen will make housework a breeze. You'll enjoy living, dinning combo for formal events and large den with wood burning fireplace for your comfortable living space. Programmable thermostat, double panned windows, and insulated doors will keep utilities to a minimum. The attached storage room, detached storage, and fully fenced yard will accommodate lawn equipment, tools, pets and last but not least your most valuable asset, the children. This is by far the best value for your hard earned money in this well kept great Carol Villa neighborhood. Call us or your favorite agent today for a showing.

Learn more about 5408 Handel Drive and other Montgomery Real Estate by visiting HatTeam.com

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Montgomery Real Estate For Sale: 2233 McKinley Avenue Montgomery, AL 36107

MLS #280484

Cute Capitol Heights bungalow with some great architectural features. Once past the cozy enclosed front porch you enter a living room with a wonderful barrell-vaulted ceiling and fireplace. In addition to the formal dining room there is a large eat-in kitchen with lots of cabinet space and a pantry. Three well proportioned bedrooms, plus a bonus area off the master. Nice sized fenced back yard with lots of shade in the summer. Priced well below other properties of similar size and quality...so put this one on your list to view!

Learn more about 2233 McKinley Avenue and other Montgomery Real Estate by visiting HatTeam.com

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Displaying blog entries 1-9 of 9

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