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Displaying blog entries 151-160 of 422

Montgomery AL Real Estate: 3013 Brewton Street

Monday, October 28, 2013
by The Hat Team

Montgomery AL Real Estate For Sale: 3013 Brewton Street, Montgomery, AL 36109

MLS #305159

Your chance to own a meticulously maintained 1950’s split level that’s priced right!

Here's your chance to own a meticulously maintained 1950's split level contemporary home! If you watched The Brady Bunch and thought their house was cool, you will want to take a look at this one. Enter on one level with foyer and expansive woodwork, go down a few steps to the bedroom/bath level, and up a few more steps to the living/dining/kitchen level with vaulted ceilings. Original woodwork and architectural features are all in tact, and there is a great deck off the living room for outdoor enjoyment. The terraced lot also has a wired, heated and cooled, workshop and multiple patio levels. Mature trees and even an RV pad round out this unique and PRICED RIGHT property.

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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Why Borrowers Pay Different Rates

Thursday, October 24, 2013
by The Hat Team

interest ratesLenders, like any business, have to make a profit.  The cost of acquiring the funds, the operating costs to service and the expected profit margin are easily identified.  The variable in pricing is the type of mortgage and the credit worthiness of the borrower. 

A loan with a 3.5% down payment is riskier than a loan with 20% down payment.  If the lender has to take the property back to recover their expense, the margin is greater between what is owed and what the property is worth on an 80% mortgage. 

Credit scoring is a risk-based pricing method that allows a lender to be competitive in the market for the best loans from different borrower groups.  Individual lenders set their own levels for what they consider “A” credit which is reserved for the best rates.  If good credit is approximately 710 to 740, scores below that are considered higher risk and will have higher rates.

Risk must be assessed for both the borrower and the property that collateralizes the loan.  The borrower’s credit history and income stability are strongly evaluated by the lender but if a default should occur, the property must secure the loan to avoid a loss to the lender. 

Mortgage pricing.png

The challenge for some buyers is they are unaware of what their credit score is and how it will affect the interest rate offered by the lender.  It is to the buyer’s advantage to be pre-approved by a reputable lender prior to starting the process of looking for a home.  In some cases, the lender can actually improve the borrower’s credit score to help them qualify for a lower interest rate.

Contact me for a recommendation of a trusted mortgage professional - [email protected]

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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Rating Your Best Friend

Monday, October 14, 2013
by The Hat Team

Man’s best friend enjoys many of the benefits of his master’s home besides food and shelter and a comfortable place to live and play.  In return, dog owners expect companionship and possibly, protection; after all, even a small dog can bark to signal intruders.

dogFew people doubt that most dog owners love their pets and treat them well.  The costs associated with having a dog can include medical and dental that rivals human expenses, premium food, toys, grooming and license fees.  However, one of the expenses not anticipated by pet owners is a higher homeowner’s insurance premium.

There are almost five million dog bites a year with children being the main victims.

“Dog bites accounted for more than one-third of all homeowner’s insurance liability claim dollars paid out in 2012, which amounted to more than $489 million,” said Peter Robertson, representing the Property Casualty Insurers Association of America, testifying against the bill at a hearing of the Committee on Financial Services.  He said, “The total cost of dog bite claims increased by more than 51 percent between 2003 and 2012.”  It is now estimated that dog bites cause losses of over one billion dollars a year.

Some insurance underwriters have denied or canceled coverage or increased the premium of the owner’s liability insurance based on the homeowners’ specific breed of dog such as Pit Bulls, Dobermans, Akitas, Mastiffs, Malamutes and even German Shepherds.  The aggressive nature of certain types of dogs combined with specific training or lack of training, abuse or neglect are identified by insurer’s refusal to provide liability coverage.

If you are considering what insurers identify as a high-risk pet, you might want to visit with your insurance agent prior to acquiring your new best friend to see if it affects your rates.

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 AL Real Estate: 3827 Duquesne Dr

Thursday, October 10, 2013
by The Hat Team

Montgomery AL Real Estate:

3827 Duquesne Dr, Montgomery AL 36109
MLS# 304774

Priced To Sell And Ready for YOU!


3827 Duquesne Dr Montgomery AL

Calling first time home buyers and savvy investors. This BRICK rancher is priced to sell and ready for a new owner. This floor plan has living room/dining room combo with hardwood floors PLUS a den and eat-in-kitchen. PLUS, there is a bonus room off the kitchen with a closet that has been used as a 4th bedroom, study, game room, office, and extra storage space. Out back there is a fully fenced back yard, patio, large workshop, and covered area for various uses. Hallway and all 3 bedrooms have oak hardwood floors under the carpet. Needs lipstick and rouge, but otherwise ready to go!

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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Midtown Montgomery Real Estate Market Trends - September 2013

Friday, September 27, 2013
by The Hat Team

The American Dream of homeownership is alive and well, according to a majority of renters surveyed for the NAR 2013 National Housing Pulse Survey. The survey found that more renters are thinking about becoming homeowners than in past years and the number of Americans who prefer to rent is declining. Thirty-six percent of renters said they were thinking about purchasing a home, compared to only 25 percent in 2011. 

Americans’ concerns about home values continuing to drop have also diminished. A majority of respondents revealed that housing prices in their area are higher than last year, and 38 percent reported an increase in local housing market activity in the past year.

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

Midtown Montgomery real estate sales statistics for August 2013 show the number of homes sold increased by 19% when compared to August 2012. The average sales price increased by 38% to $133,319 for the month. The median sales prices increased by 9%, and market times increased by 20 days from August 2012.  The highest selling home price increased by 67%, and the lowest selling home price increased by 2% from August 2012.

Midtown Montgomery August  2013 August 2012
Homes Sold 31 26
Average Selling Price $133,319 $96,731
Median Selling Price $84,000 $76,500
Days On The Market 128 108
Highest Selling Price $590,000 $352,000
Lowest Selling Price $9,640 $8,000

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.

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

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Montgomery AL Homes for Sale: 3340 Montezuma Road in Cloverdale Idlewild

Friday, September 27, 2013
by The Hat Team

Montgomery AL Homes For Sale:

3340 Montezuma Road, Montgomery AL, 36106
MLS #304489

Large Spacious Brick Cottage w/ First Floor Master Suite!
 

Live large in great space in this classic story and a half 1920's Cloverdale cottage! Large formal living with fireplace! Dining room looks out on great attached enclosed front porch. The kitchen is up to date with built in china cabinet, center island and tons of cabinets. Nice old house gleaming oak floors, moldings and wainscoting complement downstairs area. Downstairs main bedroom will satisfy most buyers with large sitting area and plenty of room for king bed. Built in desk, bookcases and huge walk in closet complete this suite. Upstairs has two bedrooms, bath and a large den. Wonderful back deck with built in grill for cookouts! Fully fenced yard for kids and pets! Smooth Move pre-inspection on hand for buyers review. View this great spacious home today with us or your favorite agent.

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 AL Real Estate: 3124 Woodley Terrace

Thursday, September 26, 2013
by The Hat Team

Montgomery AL Real Estate:

3124 Woodley Terrace, Montgomery AL 36106
MLS #299025

Land In Hip Cloverdale Area!

Click on Photo to Enlarge

Nice lot...one of a scant few still available in the highly desirable Cloverdale area. Surrounded by storybook-looking tudor cottages, this might be your opportunity to have a NEW house in cool, hip area of much older and historic homes.

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

Equity Dynamics

Tuesday, September 24, 2013
by The Hat Team

Equity is the difference in what your home is worth and what you owe. Ideally, as the value goes up and the unpaid balance goes down with each amortized payment made, the equity grows from two directions.

equity dynamicsThis dynamic leads to increasing a person’s net worth much faster than many other investments.

A homeowner has minimal control over value. It is necessary to maintain the property to avoid depreciation and make good decisions on capital improvements. After that, appreciation is generally controlled by supply and demand and the economy.

Mortgage management is something that the homeowner does have control. Making the decision to select a shorter term mortgage at a lower interest rate can have an impact on equity build-up. Lower interest rates amortize faster than higher interest rates which will also affect equity growth. Currently, it is possible to get a 1% lower rate on a 15 year mortgage than a 30 year mortgage.

Compare two alternatives of a 30-year and a 15-year mortgage. The payments will definitely be higher on the shorter term because it pays off quicker. However, if a person can afford the higher payments of $362.53 more per month in this example, the equity will be greater. Even after you take into consideration the higher payments, the increased equity is $17,236 at the end of the seven year holding period.

Equity dynamics.png

Another decision that can affect equity build-up is making additional principal contributions along with the regular payments. Whether you’re making an occasional lump sum payment toward principal or regular monthly contributions, it will save interest, build equity and shorten the term on a fixed rate mortgage. Estimate your personal savings with this Equity Accelerator.

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 AL Real Estate: 3505 Blair Place

Monday, September 23, 2013
by The Hat Team

Montgomery AL Real Estate:

3505 Blair Place, Montgomery AL 36109
MLS# 304343

Good Investment Potential!

3505 Blair Place

This spacious duplex has been owner occupied for over 50 years! While left side is basically in original condition (and currently used by owner as storage) the right hand unit has had upgrades to bath, electrical, and HVAC. Large corner lot has many shade trees, and plenty of parking (two separate two-car carports.) Good investment potential, great location!

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 AL Homes for Sale: 2757 Fairmont Road

Sunday, September 22, 2013
by The Hat Team

Montgomery Homes for Sale

2757 Fairmont Road, Montgomery, AL 36111
MLS# 304287

This Gem is Sure to Please!

With over 2,200 square feet and spacious living areas, this gem is sure to please! Versatile spaces allow creative use of rooms (current living room is used as family-sized dining room.) Oversized den/family room has wall of built-ins for books and collectibles, as well as a fireplace and picture window overlooking private courtyard. Eat-in kitchen has rich solid wood paneling and pine cabinets. HUGE master bedroom has fireplace and seating area, and opens to a private screened porch. Out back the covered patio is truly an extension of inside living space and overlooks park-like back yard.

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

Displaying blog entries 151-160 of 422

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