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Thanksgiving Is Always in Season

by The Hat Team

thanksgiviingMost school children would probably say that Thanksgiving dates back to the Pilgrims at Plymouth as early as 1621. By the late 1660’s, it had become traditional to hold a harvest festival in New England.

President George Washington declared the first nation-wide thanksgiving in 1789 “as a day of public thanksgiving and prayer to be observed by acknowledging with grateful hearts the many and signal favours of Almighty God.”

One hundred fifty years ago during the Civil War, in October, 1863, President Abraham Lincoln proclaimed the first national day of Thanksgiving.

William Seward, Lincoln’s secretary of state, drafted the proclamation: “No human counsel hath devised nor hath any mortal hand worked out these great things. They are the gracious gifts of the Most High God…they should be solemnly, reverently and gratefully acknowledged as with one heart and one voice by the whole American People.”

Even though the country was in the middle of the costly Civil War, the people of America started an enduring tradition to give thanks. In 1941, Congress determined that Thanksgiving will be celebrated on the fourth Thursday in November.

Search all Montgomery AL Real Estate And Homes For Sale.

Sandra Nickel and the Hat Team have distinguished themselves as leaders in the Montgomery AL real estate market. Sandra assists buyers looking for Montgomery real estate for sale and aggressively markets Montgomery AL homes for sale. Sandra is also an expert in helping families avoid foreclosure through short sales and is committed to helping families in financial hardship find options. For more information you can visit AvoidForeclosureMontgomery.com.

Interested in buying a bank-owned home? Get bank-owned listings alerts FREE!

You can reach Sandra by filling out the online contact form below or give her a call anytime.

Montgomery AL Real Estate: 516 E. Fairview Avenue

by The Hat Team

Montgomery Homes for Sale: 
516 E Fairview Avenue, Montgomery, AL 36106

MLS #305627

Grand old house with magnificent spaces, architectural detailing and across from LeGrande Park!

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What a grand old house! From the moment you and your guests walk through the front door, everyone will find that this is no ordinary home. Magnificent spaces and architectural detailing provide the perfect backdrop for your treasured possessions. More than ample parking also helps enable entertaining on any scale, whether it be intimate family gatherings or parties for a huge crowd. It needs only your vision to create the kitchen that will make those occasions a pleasurable part of the process. Situated on an incredible lot right across from LeGrande Park, means it's close to some of the best restaurants, shopping and entertainment Midtown has to offer.

Search all Montgomery AL Real Estate And Homes For Sale.

Sandra Nickel and the Hat Team have distinguished themselves as leaders in the Montgomery AL real estate market. Sandra assists buyers looking for Montgomery real estate for sale and aggressively markets Montgomery AL homes for sale. Sandra is also an expert in helping families avoid foreclosure through short sales and is committed to helping families in financial hardship find options. For more information you can visit AvoidForeclosureMontgomery.com.

Interested in buying a bank-owned home? Get bank-owned listings alerts FREE!
You can reach Sandra by filling out the online contact form below or give her a call anytime.

Midtown Montgomery Real Estate Market Trends - November 2013

by The Hat Team

Chase has released its November Market Report reflecting the following trends:

1. Average home prices decreased for each property type in September.

2. Investors increased their share of purchases of damaged REO properties.

3. The housing market continued its seasonal slowdown.

Take a look at sales figures in our local real estate market for October 2013.

Midtown Montgomery real estate sales statistics for October 2013 show the number of homes sold increased by 53% when compared to October 2012. The average sales price increased by 20% to $ 119,488 for the month. The median sales prices increased by 16%, and market times increased by 25 days from October 2012.  The highest selling home price increased by 32%, and the lowest selling home price decreased by 74% from October 2012.

Midtown Montgomery October  2013 October 2012
Homes Sold 38 18
Average Selling Price $ 119,488 $ 95,103
Median Selling Price $ 108,300 $ 90,500
Days On The Market 148 123
Highest Selling Price $ 365,000 $ 250,000
Lowest Selling Price $ 5,300 $ 20,700

 

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.

Appealing To Today's Buyer When Selling Your Montgomery AL Home

by The Hat Team

Are you looking for ways to make your older Montgomery AL home edge out the competition?  Want to wow the modern buyer with clever, but practical, innovations which will set your property apart from all the rest?

At the recent International Builders’ Show in Las Vegas, exciting new products and technology for the home were featured, some of which would certainly appeal to a wide variety of buyers and most likely hasten the sale of your Montgomery AL home.

  • ideaWant hot water for your morning tea in only 10 seconds?  Check out GE”s new Café French-door refrigerator. Price? About $3200. 
     
  • The Solar Powered "Fresh Air" Skylight features a solar panel that captures any available daylight and uses it to recharge a highly efficient, fully concealed, battery powered operator and control system that opens and closes the skylight, especially when it senses rain.  Eligible for a 30% federal tax credit.
     
  • Need a double oven in the kitchen of your Montgomery AL home?  Frigidaire’s Gallery Double Oven Range gives you two in the size of one and even includes a convention-bake setting.  Sells for about $1700.
     
  • The use of glass for stairs and flooring has become fashionable in today’s contemporary architecture and is ideal for both commercial and residential construction.  Dependable Glass Works produces and installs custom-made glass stairs and flooring.
     
  • For a high-tech twist on singing in the shower, Kohler Co.’s Moxie shower head and wireless speaker system plays up to seven hours and has wireless range of 32 feet. Magnets secure the speaker to the shower head, making it easy to pop out when it’s time to recharge the lithium ion battery.   Plus, you can take your music with you anywhere. The Moxie speaker plays wirelessly in or out of the shower, so you can charge it up to use in the kitchen or take to the beach.
     
  • Kohler also offers kitchen sinks in fabulous new colors that are guaranteed to appeal to buyers. Visit Kohler.com to catch a glimpse of  Piccadilly Yellow, Greenwich Green, Palermo Blue, and Annapolis Navy.
     
  • Ever wished for a little more light on the subject? Under-cabinet task lighting can be moved around with Halo’s track system and magnetic LED pucks from Cooper Lighting.
     
  • Responding to consumer demand for better-organized homes and storage, ClosetMaid moved out of the bedroom closet. On display were systems for specialized craft rooms, the laundry room, and the garage.

Search all Montgomery AL Real Estate And Homes For Sale.

Sandra Nickel and the Hat Team have distinguished themselves as leaders in the Montgomery AL real estate market. Sandra assists buyers looking for Montgomery real estate for sale and aggressively markets Montgomery AL homes for sale. Sandra is also an expert in helping families avoid foreclosure through short sales and is committed to helping families in financial hardship find options. For more information you can visit AvoidForeclosureMontgomery.com.

Interested in buying a bank-owned home? Get bank-owned listings alerts FREE!

You can reach Sandra by filling out the online contact form below or give her a call anytime.

Who's Paying Your Mortgage?

by The Hat Team

question markAs a homeowner, you obviously pay for your mortgage but as an investor, your tenant does.  Equity build-up is a significant benefit of mortgaged rental property.  As the investor collects rent and pays expenses, the principal amount of the loan is reduced which increases the equity in the property.  Over time, the tenant pays for the property to the benefit of the investor.

Equity build-up occurs with normal amortization as the loan is paid down.  It can be accelerated by making additional contributions to the principal each month along with the normal payment.  Some investors consider this a good use of the cash flows because interest rates on savings accounts and certificates of deposits are much lower than their mortgage rate.

In the example below, is a hypothetical rental with a purchase price of $125,000 with 80% loan-to-value mortgage at 4.5% for 30 years compared to a 3.5% for 15 years.  The acquisition costs were estimated at $3,000, the monthly rent is estimated at $1,250 and $4,800 for operating expenses. 

11-11-2013 7-42-16 AM.png

Notice that both properties have a positive cash flow before tax.  The cash on cash return is the revenue less expenses including debt service divided by the initial investment to acquire the property.  The 15 year mortgage will obviously have a smaller cash flow and lower cash on cash but the equity build-up is significantly higher.

If the goal of the investor is to pay off the property to provide the highest possible cash flow at a later date, a shorter term mortgage with a lower interest rate will help them achieve that.  A simple definition of an investment is to put away today so you’ll have more tomorrow.  Sacrificing cash flow now, during an investor’s earning years, is a reasonable expectation to provide more cash flow in the future when it might be needed more.

Contact me if you’d like to explore rental property opportunities.

Search all Montgomery AL Real Estate And Homes For Sale.

Sandra Nickel and the Hat Team have distinguished themselves as leaders in the Montgomery AL real estate market. Sandra assists buyers looking for Montgomery real estate for sale and aggressively markets Montgomery AL homes for sale. Sandra is also an expert in helping families avoid foreclosure through short sales and is committed to helping families in financial hardship find options. For more information you can visit AvoidForeclosureMontgomery.com.

Interested in buying a bank-owned home? Get bank-owned listings alerts FREE!

You can reach Sandra by filling out the online contact form below or give her a call anytime.

Montgomery AL Real Estate: 3424 Woodhill Road

by The Hat Team

Montgomery AL Real Estate:

3424 Woodhill Road, Montgomery AL 36109
MLS# 305281

Incredibly Maintained One-Owner Home!

3424 woodhill rd
Incredibly maintained home by the same owner for the past 30 years! Take advantage of recently new HVAC, water heater, dishwasher and more! This home has been loved, it shows, and owner is sacrificing as it is time to downsize! Cozy and large great room features beamed ceilings and fireplace! Nice updated eat-in kitchen will please most cooks. Fruit bearing pear and fig trees, as well as, blueberry bushes. Fully fenced yard, two storage areas, one with dog door, and a double carport add to the quality you will find in this home. Almost forgot, zoned for Dalraida Elementary. Hurry to see before it’s gone!

Search all Montgomery AL Real Estate And Homes For Sale.

Sandra Nickel and the Hat Team have distinguished themselves as leaders in the Montgomery AL real estate market. Sandra assists buyers looking for Montgomery real estate for sale and aggressively markets Montgomery AL homes for sale. Sandra is also an expert in helping families avoid foreclosure through short sales and is committed to helping families in financial hardship find options. For more information you can visit AvoidForeclosureMontgomery.com.

Interested in buying a bank-owned home? Get bank-owned listings alerts FREE!

You can reach Sandra by filling out the online contact form below or give her a call anytime.

Finding the Best Montgomery AL Real Estate Agent for Your Needs

by The Hat Team

Buying or selling Montgomery AL real estate is a complex procedure, so it’s important to select a competent, honest agent who will skillfully represent your best interests throughout the entire process.  As you begin your search for property or for a new owner of your home, keep your eyes and ears open.  Notice the names on real houseestate signs in your neighborhood, ask friends and relatives for referrals, attend open houses in your target area to meet the agent on duty, and check the real estate section of your community newspaper,

Once you have compiled a list of names, you will next want to determine if the person is a Realtor, agent, or broker.  A Realtor is someone who is licensed by the National Association of Realtors (NAR), is bound by a Code of Ethics, and has access to the Multiple Listing Service (MLS). 

As you prepare to interview Montgomery AL real estate agents on your list, be sure to discuss the following topics:

  • The price range of most of their transactions.  Some agents specialize in high-end properties and won't give their best effort on properties under a set value. If they usually deal in fixer-uppers, they may not have the experience to navigate "Millionaire's Row".
     
  • Their familiarity with and experience in your target area.  If you're buying, a Realtor should be able to provide you with information on the community, the schools, taxes, traffic, nearby amenities .and other facts. If you're selling, you want your agent to be able to talk to prospective buyers about these details.
     
  • The amount of time they can give you—and availability to meet at your convenience.  If you need someone on weekday evenings or can meet only in the morning, will the agent be able to accommodate you?
     
  • What services can you expect from them? In addition to helping you buy or sell Montgomery AL real estate, interviewing potential clients, previewing and showing property, discussing sales conditions, drawing up and presenting offers, holding open houses, and writing contracts—all the while meeting deadlines and hand-holding when necessary—you should also expect your agent to be current on marketing strategies, federal/state programs, and area real estate trends and comps.
     
  • References from previous clients.  Listen to what their past customers have to say. Google their names, too, and check the state for any licensing or disciplinary information.

Search all Montgomery AL Real Estate And Homes For Sale.

Sandra Nickel and the Hat Team have distinguished themselves as leaders in the Montgomery AL real estate market. Sandra assists buyers looking for Montgomery real estate for sale and aggressively markets Montgomery AL homes for sale. Sandra is also an expert in helping families avoid foreclosure through short sales and is committed to helping families in financial hardship find options. For more information you can visit AvoidForeclosureMontgomery.com.

Interested in buying a bank-owned home? Get bank-owned listings alerts FREE!

You can reach Sandra by filling out the online contact form below or give her a call anytime.

Montgomery AL Foreclosure Trends - September 2013

by The Hat Team

In September, the number of properties that received a foreclosure filing in Montgomery, AL was 23% lower than the previous month and 29% lower than the same time last year, according to RealtyTrac.com.

Montgomery AL Foreclosure Status Distribution

The current distribution of foreclosures based on the number of active foreclosure homes in Montgomery, AL.

Auctions accounted for 55.3% of foreclosure activity in Sept 2013 and Bank-owned properties accounted for 44.7%.

montgomery al foreclosure

Montgomery AL Foreclosure Activity by Month

The number of Bank-Owned properties decreased 10.5.0% compared to the previous month and dropped 46.0% from the previous year in Sept 2013. The number of Auctions decreased 31.1% compared to the previous month and 4.5% from the previous year.

montgomery al foreclosure

Montgomery AL Foreclosure Geographical Comparison

Montgomery AL foreclosure activity was 0.02% below national statistics, 0.03% higher than Alabama and the same as Montgomery County statistics in Sept 2013.

montgomery al 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.

Search all Montgomery AL Real Estate And Homes For Sale.

Sandra Nickel and the Hat Team have distinguished themselves as leaders in the Montgomery AL real estate market. Sandra assists buyers looking for Montgomery real estate for sale and aggressively markets Montgomery AL homes for sale. Sandra is also an expert in helping families avoid foreclosure through short sales and is committed to helping families in financial hardship find options. For more information you can visit AvoidForeclosureMontgomery.com.

Interested in buying a bank-owned home. Get bank-owned listings alerts FREE!

Displaying blog entries 1-8 of 8

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