Real Estate Market

Midtown Montgomery Market Trends

Upsizing - Now is the Time in Montgomery, AL

We hear a lot about people downsizing and simplifying, but if you are looking for a larger home, now is a great time to sell your smaller home and move up to something that better suits your wants and needs.  Perhaps you have a growing family and need more space, or an additional income-earner has joined your household or maybe you have enough equity in your current home that you can now afford your dream home. Whatever the reason, movin’ on up is an exciting prospect!

Ok, now let’s contain that excitement a bit and think about what it means to purchase a more expensive house.  First, just because you can afford something on paper, doesn’t mean you should commit all your resources to the most expensive property on your radar.  It would behoove you to take a thorough look at your current budget and then play with the numbers a bit to determine how much more you’re willing to spend each month on a higher mortgage payment.  A dream house is wonderful, but being house-poor is not.  Think about your lifestyle and don’t make the mistake of getting into a financial bind that doesn’t allow you to do the activities you enjoy.

When financing your new home, you have a couple of options.  If you haven’t sold your current home yet, you can choose a home equity loan or a bridge loan to make the down payment on the new home.  A home equity loan allows you to borrow against your current home’s equity and is usually less expensive than other loans.  A bridge loan is a short-term loan that is used until you can obtain permanent financing.  Because they are short term, the interest rates on them will be relatively high.

Before you put your house on the market and commit to purchasing a new one, educate yourself about the prices of houses in the areas where you will be selling and buying. Whether it’s a buyer’s market or a seller’s market, a professional Realtor will be able to assist you in navigating the process.  The goal is to sell high and buy low, and in today’s market that is an achievable dream!



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Spring Fever! Three Home Maintenance Projects to Transition from Winter to Spring

March is here and chances are the winter doldrums are getting to you.  Now is a good time to start tackling some home maintenance tasks that will remind you that spring is right around the corner!

Clean Your Gutters

Once the last frost of winter has passed, it is important to have your gutters and downspouts cleaned and, if necessary, repaired.  Clogged gutters and downspouts can cause wood trim in the eaves to rot and that can leave and opening for all kinds of critters to invade your house.  If you’re not sure what to look for, you can have a Home Inspector come and look for you.

Another benefit to cleaning out your gutters and downspouts early in the season is that it can help to prevent damage from spring rains. If they are installed and cleaned properly, they will divert water away from the house and keep it from collecting around your foundation.

Prep Your Yard

Your lawn may be looking sad as the winter months have taken their toll, but it doesn’t have to stay that way.  Giving your lawn a little attention toward the end of winter will make for a lush, green lawn this spring and summer.

The first step is to aerate your soil.  When soil is compacted, it is too hard for water, air and roots to penetrate.  That makes it hard on grass.  You can rent a core aerator from a local equipment rental store. A half day’s rental generally costs about $40.  This machine, which resembles a large rotary tiller, uses steel tubes to take plugs of soil from the lawn and deposit them on the ground.  You can reduce compaction by aerating once a year and this will increase the vitality of your lawn.

The second step is to mow the old grass low.  If you have cool-season grass such as bluegrass, fescue, or perennial ryegrass, you can skip this part.  But if you have warm-season grass such as Bermuda, buffalo grass centipede, St. Augustine or Zoysia, you will want to mow that old, brown grass low at the end of winter to remove the accumulation of thatch, an accumulation of dead stems and leaves.  If you leave the thatch, it will prevent water and nutrients from reaching the roots and will encourage disease.  Cut Bermuda lawns to ½ inch and leave the clippings in place to decompose.  Mow other types to 1 inch.  If you use a regular mower, bag the clippings; then compost or discard them.  Mowing low allows more sun to reach and warm the soil which helps the grass to green up.

The final step is to stop weeds.  As the temperatures rise and reach 70 degrees, the seeds of lawn weeds begin to sprout.  Late winter is a good time to stop them by applying a pre-emergence lawn weed preventer.  When used properly, it creates a barrier atop the soil to keep weeds from sprouting.  Make sure not to aerate after using the weed preventer or you will break the barrier.  Do not use this type of product if you are planting new grass though, because it will keep grass seeds from coming up as well.

Once you have your lawn ready, then you can start thinking about selecting plants and flowers for your home garden!

Caulk Windows and Doors

Winter can be hard on your home.  Now is the time to inspect the caulking around your windows and doors and to repair any damage left behind by old man winter. Check around your windows, doors, and corner trim to prevent water infiltration and avoid costly repairs.

Using high-quality siliconized acrylic latex caulk that is rated for exterior use will cut down on the amount of caulking you will have to do.  It has good adhesion and flexibility, cleans up easily with water, and is paintable as well.  Make sure you know what you are doing and avoid common mistakes in caulking.

If you’re thinking about selling your home, spring home maintenance is a step toward making your house more alluring to potential buyers.  The professionals on Sandra Nickel's Hat Team can help you get your house on the market and sold today!  Contact them at 334-834-1500.

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Midtown Montgomery Market Update

The Cost of Waiting: Interest Rates Edition

  • Interest rates are projected to increase steadily heading into 2019.
  • The higher your interest rate, the more money you end up paying for your home and the higher your monthly payment will be.
  • Rates are still low right now. Don’t wait until rates hit 5% to start searching for your dream home!

From the KCM Crew for Buyers

Midtown Montgomery Market Update

Midtown Montgomery real estate sales statistics for February 2018 show the number of homes sold fell by 9.7% when compared to February 2017.  The average sales price decreased by 25.3%, and the median sales price increased by 5.9%. Market times decreased by 9 days.

Midtown Montgomery Feb 2018   Feb 2017
Homes Sold 28 31
Average Selling Price $122,382 $163,804
Median Selling Price $125,000 $118,000
Days On The Market 114 123
Highest Selling Price $465,000 $551,000
Lowest Selling Price $12,000 $11,500

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

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

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