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Montgomery Real Estate For Sale: 1314-1316 Hull Street

Tuesday, March 31, 2009
by The Hat Team

Montgomery Real Estate For Sale:

1314-1316 Hull Street, Montgomery AL 36104
MLS# 263041

Potentially wonderful and currently acceptable triplex in Montgomery's historic Garden District. 1314 occupies entire first floor and is over 1500 sq ft including living room with decorative fireplace, formal dining room, breakfast room, modern kitchen, sunroom, laundry room, 2 bedrooms, 1 bath. Each charming upstairs unit (1316A&B) has living room, breakfast room, modern kitchen, 1 bedroom, 1 bath. All have front porches and rear balconies--just the kind of thing historic neighborhood tenant’s desire. And a wonderful place to enjoy the peal of the church bells from The Ascension, just down the block. Off-street parking at rear for 4 or more cars.
Learn more about 1314-1316 Hull Street and other Montgomery real estate at HatTeam.com.

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Montgomery Homeownership 2008 Tax Deductions

Friday, March 27, 2009
by The Hat Team
Montgomery homeowners can get an income tax deduction on the mortgage interest they pay. But there are other tax deductions you can take on your principal residence or second home, such as property taxes, and in some cases, for Private Mortgage Insurance. Read 2008 guideline from Turbo Tax:
You can deduct:
  • Your property taxes.
  • Property taxes for taxpayers who don't itemize. New for tax year 2008, if you do not itemize deductions for 2008, you can increase your standard deduction by up to $500 of real estate taxes paid in 2008 if you file as a single person, or by up to $1,000 of property taxes paid if you file jointly.
  • The mortgage interest on your primary residence, as well as any secondary residence you own. (There are limits, but relatively few taxpayers are affected.)
  • The interest on up to $100,000 borrowed on a home-equity loan or home-equity line of credit, regardless of the reason for the loan.
  • Points that you paid when you purchased the house (or those that you convinced the seller to pay for you).
  • The premiums paid for Private Mortgage Insurance (PMI) in 2008, but only for policies issued after 2006. (The right to this deduction disappears as Adjusted Gross Income rises from $100,000 to $110,000 on a joint return, and from $50,000 to $55,000 on a single return.)
  • Home improvements required for medical care.
How much can I save?
 
The actual amount of money you save on your annual income tax bill depends on a variety of factors:
  • Your filing status (single, head of household, married filing jointly, married filing separately)
  • Your standard deduction amount
  • Your other itemized deductions
  • Your taxable income
Your home-related deductions, plus your other itemized deductions must add up to more than the standard deduction (increased by the amount of property taxes noted earlier that are allowed to non-itemizers), or they won't save you any money.
 
What can't I deduct? 
  • You can't deduct the following payments for your primary residence:
  • Dues to a homeowners association
  • Insurance on your home
  • Appraisal fees for your home
  • The cost of improvements to your home. (But keep those receipts. They may help you reduce your taxes when you sell your home.)

Interested in becoming a Montgomery homeowner and taking advantage of the available tax deductions? Visit HatTeam.com or give us a call for more personal service.

Search all Montgomery homes for sale.

 And if you bought the home in 2008, you may be able to deduct more than you think. Don’t forget to include real estate taxes you reimbursed the seller for – taxes the seller had already paid for the time you actually owned the place after your purchase. That amount will be shown on the settlement sheet.
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Montgomery Homes For Sale: 3813 Ware Hill Drive

Tuesday, March 24, 2009
by The Hat Team

Montgomery Homes For Sale:

3813 Ware Hill Drive Montgomery AL 36109
MLS# 262898

Don't let the plain-Jane exterior fool you. Inside it's party time! Imagine all your friends gathered in your home. Some in front of the big screen TV lounging on the sectional. Some playing ping pong or shooting pool, others sunning next to the pool and everyone in and out of the open kitchen/dining area for snacks and drinks. Yes, buy this squeaky-clean, up-to-date beauty and your home will be party central! All for as little as approximately $1500 cash and payments MUCH cheaper than rent!

Learn more about 3813 Ware Hill Drive and other Montgomery homes by visiting HatTeam.com.

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Montgomery Homes For Sale: 3554 Bankhead Avenue

Monday, March 23, 2009
by The Hat Team
Montgomery Homes For Sale: 
 
3554 Bankhead Avenue, Montgomery AL 36111
MLS# 262854  

Fashionable Bankhead Avenue! Not your traditional ranch...this spacious brick home has a bright open feel. Large living/family room with fireplace has gorgeous views of the expansive back yard. Updated kitchen opens to "morning" room with 3 sets of double closet pantries giving more than plenty storage for all your "stuff." Got kids, the bonus room/den off the kitchen is a perfect playroom/hangout and has its own half bath. Two of the three spacious bedrooms have walk-in closets. If you enjoy outdoor living, you'll never want to leave the private screened porch that overlooks the beautiful backyard.

Learn more about 3554 Bankhead Avenue and other Montgomery homes by visiting HatTeam.com. 

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Montgomery Real Estate Sales Statistics - February 2009

Thursday, March 19, 2009
by The Hat Team
Pending homes sales continued their decline as potential buyers waited for clarity on the housing stimulus bill and the weakening economy according to the National Association of Realtors®.
 
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in January, fell 7.7 percent to 80.4 from a downwardly revised reading of 87.1 in December, and is 6.4 percent below January 2008 when it was 85.9. The index is at the lowest level since tracking began in 2001, when the index value was set at 100.
 
Lawrence Yun, NAR chief economist, said the downturn in the economy also weighed heavily on the data. “Even with many serious potential home buyers on the sidelines waiting for passage of the stimulus bill, job losses and weak consumer confidence were a natural drag on home sales,” he said. “We expect similarly soft home sales in the near term, but buyers are expected to respond to much improved affordability conditions and from the $8,000 first-time buyer tax credit.”
 
Let’s take a look at the Midtown Montgomery real estate sales statistics for February to see how the market looks:

Montgomery AL real estate sales statistics for February show pending sales decreased by 36% in 2009 compared to February 2008, the average sales price increased by 31% to $190,729 while sold listings were down 4% from 2008.  Market times showed an increase of 2 days or 2% from 2008.

While February pending sales this year were down 36% compared to 2008, the average sale price of closed sales in the same month was up 31% to $190,729.  This is a clear indicator that last year's statistics were heavily affected by foreclosure sale activity in Montgomerys' least expensive market areas.  Unit sales held steady with only a decrease of one homesale February 2009 vs 2008. 
 
Active inventory continues to decline, with the number of homes on the market for sale down over 10% in February 2009 vs 2008.  Declining inventories are one of the earliest signs of a market recovery.  And we expect a big spike in first-time buyer sales this spring as Montgomerians realize they can acquire a home with very little cash outlay and get back as much as $8,000-10,000 at tax time.

Midtown
Montgomery

Pending
Sales

Sold
Listings

Average
Market Times

Average
Sales Price

 Feb 2009

34

21

110

$190,729

Feb 2008

53

22

108

$131,682

For the latest Montgomery AL 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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5 Things To Do Before Putting The 'For Sale' Sign In Your Montgomery Yard

Thursday, March 12, 2009
by The Hat Team
If you are thinking of selling your Montgomery home this spring, now is the time to start getting ready to sell. Below are 5 things to do before putting the ‘For Sale’ sign in the yard: 
 
1. Have a presale home inspection. Be proactive by arranging for a pre-sale home inspection. An inspector will be able to give you a good indication of the trouble areas that will stand out to potential buyers, and you’ll be able to make repairs before open houses begin.
 
2. Organize and clean. Pare down clutter and pack up your least-used items, such as large blenders and other kitchen tools, out-of-season clothes, toys, and exercise equipment. Store items off-site or in boxes neatly arranged in the garage or basement. Clean the windows, carpets, walls, lighting fixtures, and baseboards to make the house shine.
 
3. Get replacement estimates. Do you have big-ticket items that are worn our or will need to be replaced soon, such your roof or carpeting? Get estimates on how much it would cost to replace them, even if you don’t plan to do it yourself. The figures will help buyers determine if they can afford the home, and will be handy when negotiations begin. 
 
4. Find your warranties. Gather up the warranties, guarantees, and user manuals for the furnace, washer and dryer, dishwasher, and any other items that will remain with the house.
 
5. Spruce up the curb appeal. Pretend you’re a buyer and stand outside of your home. As you approach the front door, what is your impression of the property? Do the lawn and bushes look neatly manicured? Is the address clearly visible? Are pretty flowers or plants framing the entrance? Is the walkway free from cracks and impediments?
 
Learn more about selling your Montgomery home at HatTeam.com.
 
 
www.REALTOR.org/realtormag Reprinted from REALTOR® Magazine Online by permission of the NATIONAL ASSOCIATION OF REALTORS® . Copyright 2003. All rights reserved.
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Montgomery Real Estate For Sale: 1852 Graham Street

Monday, March 9, 2009
by The Hat Team
Montgomery Real Estate For Sale:
MLS# 262401 (Single Family Res) and 262412 (Multi-Family, Triplex)

Main house: 4 bedrooms/3.5 baths
Attached Mother-in-law apartment: 1 bedroom/1 bath
Detached guest house: 1 bedroom/1 bath

 
LIVE BETTER FOR LESS--LOTS LESS!! Don't let the price on this handsome bungalow fool you. Because there are two rental units included with the property, you can keep your personal living expenses under $900 per month! And my, how you'll live: a totally redone interior with all the old-house detailing you love. Almost 2900 square feet including 4 bedrooms, 3 1/2 baths, a study and a playroom. Gourmet kitchen and double garage, too. Less than two blocks to Cloverdale Village with Derk's, Nancy Patterson, Vintage Year and all the great shops. A short walk to Bud's, 1048, Sinclair's, etc. Come see this beauty because it's the deal of a lifetime!

Learn more about 1852 Graham Street and other Montgomery real estate by visiting HatTeam.com.

 

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Montgomery Homes For Sale: 2632 Boultier Ave

Monday, March 9, 2009
by The Hat Team
Montgomery Homes For Sale:
 
 
Condo living at its best. This 4-unit complex is located just a short walk from the business Hub of Old Cloverdale and Huntingdon College campus. A few of the amenities include parquet floors, fire place, downstairs master bedroom, good storage, and a private courtyard. Smooth Move inspection available. Price reflects the fact that minor cosmetic improvements need to be done. Put this first on your list to see.

 

Learn more about 2632 Boultier Ave and other Montgomery homes for sale by visiting HatTeam.com.
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Montgomery Homes For Sale: 1415 Wedgewood Drive

Monday, March 9, 2009
by The Hat Team
Montgomery Homes For Sale:

Like trees? Then you'll fall for this home in desirable Edgewood. Set among mature majestic pines, you'll find a lovingly updated home with lots of space. For your "special" furniture, there is a formal living room with plenty of wall space. If it's casual family living you desire, there is a separate den/family room (which actually could double as a HUGE fourth bedroom if needed!) If you enjoy cooking, you won't want to leave this spacious and well designed kitchen. And with a large adjacent breakfast room you won't be out of site from your family and friends. Fun times can be had either relaxing under the rear covered porch or watching kids play in the back yard. Industrious? The attached 1 car carport could easily be screened to form a lovely porch for almost year 'round entertaining. Move-in ready and waiting for YOU!

 

Learn more about 1415 Wedgewood Drive and other Montgomery homes for sale by visiting HatTeam.com.

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Montgomery Homes For Sale: 2031 Fernway Drive

Monday, March 9, 2009
by The Hat Team

Montgomery Homes For Sale:

2031 Fernway Drive, Montgomery AL 36111
MLS # 262371

montgomery homes for saleIf you love to entertain, you'll love this Mediterranean style home in Mcgehee Estates. The home's focal point is a central salt-water pool and cabana area providing several private outdoor "rooms for intimate gatherings or lavish parties for many. Unique style and layout make this home perfect for those who like out-of-the-ordinary. Master suite has potential to be exquisite with a little updating. Come take a look, and discover all the unique features and qualities this hidden treasure has to offer.
Learn more about 2031 Fernway Drive and other Montgomery homes for sale by visiting HatTeam.com.

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