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Montgomery AL Foreclosure Trends - May 2012

Friday, June 29, 2012
by The Hat Team

There were 807 Montgomery AL foreclosure homes for sale with 1 in every 756 housing units receiving a foreclosure filing in May 2012. The average selling price of a Montgomery AL home was $88,579 and the average foreclosure selling price was $68,562, a $20,018 savings according to RealtyTrac.com.

Montgomery AL Foreclosure Activity and 30 Year Interest Rate

Montgomery interest rates averaged 3.8% in May while the number of foreclosed homes rose from 101 to2501.

montgomery al 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 AL Foreclosure Geographical Comparison

Montgomery AL foreclosure activity was 0.02% lower than national statistics, 0.06% higher than Alabama and 0.01% higher than Montgomery County statistics for May 2012.

montgomery al foreclosure 

Montgomery AL Foreclosure Activity by Month

The number of Bank-Owned properties increased from 35 homes in April to 42 in May. The number of Auctions rose from 66 to 83. There is a 6-month rising trend.

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!

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

 

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Montgomery Real Estate For Sale: 3171 Cloverdale Road Montgomery, Al 36106

Thursday, June 28, 2012
by The Hat Team

Montgomery Real Estate For Sale:

3171 Cloverdale Road Montgomery, Al 36106

MLS#294058

Location, location, location! This charming Cloverdale Idlewild cottage is right across from the park, and within walking distance to restaurants, shops and plenty of entertainment. Cute brick covered porch, beautiful hardwood floors, updated kitchen, huge master bathroom with walk-in closet that includes the laundry room! Check this one out today!

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.

 

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Montgomery Real Estate For Sale: 3357 Wilmington Road Montgomery, AL 36105

Thursday, June 28, 2012
by The Hat Team

Montgomery Real Estate For Sale:

3357 Wilmington Road Montgomery, AL 36105

MLS#294075

Great space and good flow for entertaining! This South Hull District home has classic features like hardwood floors and charming kitchen, large formal living room and dining room PLUS a good sized den/family room addition on the back side of the house. If you enjoy outdoor living, there is a large covered patio, another open brick patio, and covered parking. Master bedroom addition has handicap-accessible bath. Move-in ready and SO much for the money.

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.

 

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Midtown Montgomery Real Estate Market Trends - June 2012

Thursday, June 21, 2012
by The Hat Team

Everyone knows that the Montgomery real estate market has been rather daunting for the last several years. Ups and downs, reports of good news and bad news, short sales, foreclosures, declining inventory, increase in mortgage applications, buyer frustrations, and seller indecision—all have kept the real estate industry on a roller coaster for too long.  Hope springs eternal, however, and rays of optimism from several fronts may well signal better times ahead.

  • In a recent survey, more than three-quarters of homeowners (78 percent) said that owning a home is one of their greatest achievements, and 85 percent of U.S. adults (which includes both homeowners and renters) agreed that they always dreamed of owning a home.
  • Builder confidence in the market for newly built, single-family homes gained five points in May. This is the index’s strongest reading since May of 2007 and bodes well for Montgomery real estate.
  • The median existing single-family home price rose in 74 out of 146 metropolitan statistical areas (MSAs) based on closings in the first quarter from the same quarter in 2011.
  • In Fannie Mae’s Monthly National Housing Survey, the percentage of respondents who say it is a good time to sell increased from 10 percent for the fourth straight month to 15 percent

Lets look at the statistics in our local real estate market? 

Midtown Montgomery real estate sales statistics for May show the number of homes sold increased by 38% compared to May 2011. The average sales price decreased by 13% to $99,619 during the same period. The median sales prices increased by 5%, and market times increased by 22% or 28 days.  The highest selling home price decreased by 21%, and the lowest selling home price decreased by 54%.

Midtown Montgomery May 2012 May 2011
Homes Sold 56 35
Average Selling Price $ 99,619 $ 114,116
Median Selling Price $ 78,000 $ 74,000
Days On The Market 130 102
Highest Selling Price $ 380,000 $ 480,000 
Lowest Selling Price $ 5,800 $12,500


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.

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Montgomery Real Estate For Sale: 225 Stoney Point Titus, AL 36080

Tuesday, June 19, 2012
by The Hat Team

Montgomery Real Estate For Sale: 

225 Stoney Point Titus, AL 36080

MLS#293768

What you see is exactly what you'll get! All of the designer furniture, amenities and appliances are included. This picture perfect house sits on 1.82 acres of private woods and professionally landscaped yard complete with a sprinkler system and a well. The living space is all open and there's plenty of room for all of your family and friends to hang out. Walk out on the huge screen porch that has a spectacular view of big water. There are double docks and the one on the point is where you can tie up your boat. Walk right in and begin your life on the lake as soon as you get the key!

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.

 

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Deconstruction - A Green Alternative For Montgomery AL Real Estate

Friday, June 15, 2012
by The Hat Team

Deconstruction, the careful removal of building materials for reuse, has for the past ten years been gaining popularity as an alternative to demolition.  Spurred by environmental, aesthetic, and economic concerns, it is an idea whose time has come within the home building and remodeling business.

The preservationist's answer to bulldozing a building and dumping the splintered remains into a landfill, deconstruction involves going room by room, handpicking features to be salvaged: millwork, crown moldings, leaded windows, still-sound kitchen cabinets, crystal chandeliers, and hardwood floors.  Items typically salvaged also include bricks, camontgomery al real estatebinets, windows, lighting fixtures, and countertops.

The eco-friendly construction and renovation business is growing in popularity not only among do-it-yourself consumers but also in the building and construction sector with contractors and architects. When it first emerged, green building was popular almost exclusively among environmentalists. But now those who want to save substantial dollars on building materials have joined those wanting to reverse the “throw away” trend.

The obvious advantages to such a program are the recycling of valuable resources and the decreasing impact on already over-burdened landfills.  Other positive impacts are the economic savings to the re-modelers of Montgomery AL real estate, the ease in procuring municipal permits, governmental training for deconstruction workers, and the cooperative efforts of contractors, suppliers, and homeowners.

Deconstruction stores are rapidly gaining popularity, with over 750 nationwide to date.  The inventory of these retail outlets consists of a large variety of items donated by those who are in the process of remodeling their Montgomery AL real estate and surplus materials from distributors and/or manufacturers.

 Purchasers of used items generally save one third of the cost, and buyers of new merchandise can save up to one half of the retail price.  Other economic incentives for those who donate materials include not having to pay disposal costs (pick up of the items if free) and frequently a tax deduction if the store is charity-based.

Popular stores involved in the deconstruction movement are Habitat for Humanity's Re-store, Build It Green, Green Demolitions, ReNew Salvage, and EcoBuilding Bargains.  Check with your contractors to find others near to your Montgomery AL real estate.

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.

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Montgomery Real Estate For Sale: 1439 Adrian Lane Montgomery, AL 36111

Saturday, June 9, 2012
by The Hat Team

Montgomery Real Estate For Sale: 1439 Adrian Lane Montgomery, AL 36111

MLS#286954

Pretty hardwood entry opens to beautiful living room. Formal dining room has fantastic views out double doors to patio and pool. The cook will love the spacious kitchen with and abundance of cabinet and counter space plus tiled floors. There is carpet over hardwood in living areas and bedrooms. Shows beautifully and immaculately maintained!

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.

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

 

 

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Time is Right to Invest in Montgomery AL Real Estate

Thursday, June 7, 2012
by The Hat Team

Simply stated, low home prices and low interest rates make this a great time to become an investor in Montgomery AL real estate.  "We haven't seen home prices this low in so many years, coupled with the rates being so low," says Jill Sjolin, an agent in Washington who specializes in investment properties. "When the money is cheap to borrow and the houses are cheap to buy, it's absolutely the best time to invest."

montgomery al real estateIt goes without saying, of course, that the first step in acquiring investment property is to analyze your finances to make sure you can afford it without compromising the security of your other assets.  Look closely at your income, savings, and spending habits. Check each of your three credit reports well before you start looking at Montgomery AL real estate or shopping for lenders. Consider tax implications, property taxes, and renovation costs. Online calculators can provide you with a guide to possible financial outcomes of the purchase and rental of an investment property.

The next step is to determine the goal for your purchase. Investment property can yield income two ways--through regular rents and/or capital gains. Most experts advise novices to invest for the long term rather than try for quick flips and to begin with residential Montgomery AL real estate rather than commercial properties.  Click here for more tips, including financing options, for first-time investors.

Once you have determined the how? and the why? of your investment transaction, you move on to the where?  Locating the right property is easier if you work with a real-estate agent experienced in investment property deals who can help you locate promising properties.  A second option is to collaborate with a more experienced real-estate investor and close a deal together. In this economy, an experienced real-estate investor may be willing to work with you in exchange for the capital you can provide, giving you the opportunity to glean investment knowledge and experience firsthand.

With foreclosures flooding the real estate market, many investors are hitting the auction circuit looking to capitalize on the next great deal. For those who are new to this venue, there are a few ‘rules of thumb’ you’ll want to keep in mind before placing your bid. PropertyAuctions.com provides detailed information, explanations, and some essential tips for those looking to get in on the auction action. 

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.

Add Comment

Montgomery Real Estate For Sale: 2617 Chesterfield Court Montgomery, AL 36117

Tuesday, June 5, 2012
by The Hat Team

Montgomery Real Estate For Sale: 

2617 Chesterfield Court Montgomery, AL 36117

MLS#292413

This one owner for past 17 years has enjoyed high ceilings and open floor plan which makes this home feel much larger than it's economically to heat and cool 1563 sq. ft. You will enjoy the split bedroom layout along with separate laundry room with cabinets, storage and double attached garage. Current owners have added a modern tile surround to wood burning fireplace and brand new carpet for your enjoyment. New dishwasher, some bath fixtures have been updated as well as hvac, roof, neutral paint and light fixtures. You will have little to do but move yourself and belongings into this wonderful clean updated well maintained home which also features a community pool for your summer fun. Give us or your favorite agent a call to see this private Cul-de-sac home today!

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.

 

 

 

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