Real Estate Information Archive


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Playing the Real Estate Game in a Down Market

by The Hat Team

Although the real estate market is slow in many areas, you may still want or need to sell your home or purchase a new one due to circumstances such as a job relocation.


This article from offers some tips on how you can still make a smart move in this unpredictable real estate market.  Here is a summary of the tips:


  • Sell smart – if you are trying to sell your home, make sure you set a realistic price based on the current market.  You will also want to discuss with your Realtor the current average “days on market” that most properties are taking to sell.  This will help you better plan for your move.  If you are not willing to list for the current market value, and you do not want your house to be on the market for long, consider waiting out this down market as it is likely to turn around soon.
  • Spend wisely – try to follow the rule of thumb of spending no more than 20% of your home’s value on renovations.  At a time when your home may be worth less than it was this time last year, this is not the time to be sinking money into it.
  • Foreclosures are still your problem – remember that, even though you are not facing foreclosure, the other properties in your neighborhood that are foreclosed upon will decrease your home’s value.  As a general rule, for every home that goes into foreclosure in your neighborhood, your property value drops about 1%.  That value will stay depressed for about two years.  To find out where the foreclosures are in your area, go to or and type in your zip code.
  • Recheck your mortgage – many homeowners do not know what kind of mortgage they have.  If you are one of them, pull out your old closing documents and find out how often you're rate will increase and what caps there are to how much that increase can be.  This information should be on the Adjustable Rate Rider, among the first few pages in your documents.

Remember, the Montgomery AL real estate market is always changing from month to month and neighborhood to neighborhood.  To find out what your home is worth, click here for a complimentary market analysis.  You may also visit to learn more about Montgomery AL real estate, or call me at 800-HAT-LADY.


Happy new year – see you in 2008!

Montgomery AL Real Estate Market Trends Update

by The Hat Team

The National Association of REALTORS® has published the results of its quarterly sales survey and found that the median home price continues to rise in most metropolitan areas.  The median is a typical market price – meaning half of all homes sold for more, and half of all homes sold for less.


Lawrence Yun, NAR chief economist, said the data underscores the fact that all real estate is local.  “Some metro areas are hot, while others are experiencing localized problems,” he said.


The November sales statistics for Midtown Montgomery will give us a better idea of our local market:


The Midtown Montgomery market again saw a decrease in pending and sold listings in November 2007, when compared against November 2006.  Pending sales were down 19% and sold listings decreased 14%.  Average market times increased 8% in November to 89 days.  The increase in the average sales price from last November to this November was negligible.




Market Times

Sales Price

November 2007





November 2006





Remember, as Yun said, all real estate is local and changes from month to month.  Also remember that, unlike newer areas where all the homes are pretty much alike, Midtown contains Montgomery's most diverse selection of residences.  Thus, not all swings in value and sales are attributed to "market conditions."  Rather, those fluctuations often reflect periods when homes that are more renovated and/or larger have or have not changed hands.  Overall, we continue to hear from our Realtor peers in other parts of town that they are struggling; and we remain busy and productive!

To get the latest information on Montgomery AL real estate, please call me at 800-HAT-LADY or visit  To receive a complimentary home value analysis, please visit 


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

Montgomery AL Real Estate Podcast

by The Hat Team

The Hat Team presents the latest edition of the Montgomery Real Estate Podcast.

This month's edition covers Montgomery real estate market activity and then we’ll cover the important items you need know about buying and selling in winter.

Features special guest Terri Murphy of US Learning.

Program length: approximately 7 minutes

download podcast mp3 file   |   subscribe to podcast feed

For more information about Montgomery AL real estate, visit our website, or give us a call for more personalized service, 800-428-5239.

Montgomery AL Home For Sale - 6256 Nature Dr.

by The Hat Team

This well maintained Montgomery East home has easy care vinyl trim and brick exterior. Living room has brick accent wall with cedar trim (could be used as formal DR.) Den/family room boasts vaulted ceiling and real fireplace. Kitchen with breakfast nook. Large fenced back yard with covered patio. Priced right, so don't delay!

For more information on this home or other Montgomery real estate, visit our website, or give us a call for more personalized service, 800-428-5239.

How to Add Light to Your Montgomery AL Home

by The Hat Team

Now that we’ve rolled our clocks back an hour and are beginning to adjust to the earlier onset of evening, our homes can seem darker than usual even during the daytime.  But there are ways to use the natural light that is available in your home to brighten things up.  Money Magazine has published a list of “Do’s” and “Don’ts” for adding light to any home – among the topics covered are:


  • Skylights (pick ones that open and choose carefully where to put them)
  • Big windows (install them to showcase your best views, but don’t forget to add small windows above or below them that open)
  • Window height (put windows high on the wall, but not tight to the ceiling)
  • Window grouping (group several windows together, but don’t separate them with fat supports)
  • Window shades (install shades in windows that face east, west, and south; avoid using UV-inhibiting coating)

Following these tips for adding light to your home will help to increase your home’s value.  To receive a complimentary comparative home value analysis, please visit  For more information about Montgomery AL real estate, please visit or call me at 800-HAT-LADY. 

Displaying blog entries 1-5 of 5




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