Real Estate Information Archive


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Montgomery Real Estate For Sale: 3114 LeBron Avenue Montgomery, AL 36106



Looking for the perfect three bedroom two bath cottage in Cloverdale? Come quickly because everyone else is too! The old house lovers will appreciate the hardwood floors, high ceilings, built-ins, wide central hallway plus updated kitchen and bathrooms. The outdoor lovers will appreciate the covered front porch with swing and the wrap-around party deck out back shaded by grand old trees. 

Learn more about 3114 LeBron Avenue and other Montgomery Real Estate by visiting

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Montgomery AL Real Estate Market Trends - Feb 2010

by The Hat Team

Owning a home is its own reward, but home ownership can also bring rewards at tax time. This year is especially beneficial for people who are in the market to buy a home, thanks to the $8,000 first-time buyer credit and the $6,500 tax credit for repeat buyers.

Current homeowners can benefit, as well. Tax credits are available for owners who improve the energy efficiency of their home, including replacing exterior windows, skylights and doors and installing efficient heating and air conditioning systems. Certain home improvements may qualify for as much as 30 percent of the project cost, up to $1,500.

Homeowners also enjoy a mortgage interest deduction; allowing them to deduct all the interest paid on up to $1 million in mortgage debt. If you bought a home in the past year, be sure to provide a copy of your HUD-1 statement to your tax preparer. The interest you paid at closing is not reflected in your year-end mortgage statement. Points and other closing costs may also be tax deductible.

Many housing markets were affected by an extremely harsh weather in February. Take a look at what February looked like in our Montgomery AL real estate market:

Montgomery AL real estate sales statistics for February show pending sales have remained consistent in 2010 compared to February 2009. The average sales price decreased by 38% to $118,700 while sold listings were up by 32% from 2009.  Market times were 17 days less than 2009.




Market Times

Sales Price

Feb 2010





Feb 2009





To take advantage of these tax benefits and for the latest Montgomery AL 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.

Montgomery Real Estate For Sale: 88 Hummingbird Lane, Pike Road, AL 36064

MLS #272865

 Enjoy the best of town and country! Indulge your love for sleek, modern open styling and still enjoy all the benefits of country life! Over 10 acres plus pond to give you privacy and peace while you luxuriate in a beautifully crafted almost new and very sophisticated town-style home. Gleaming wood floors, custom doorways (most with transoms!) and a kitchen open to both the dining and living areas so your friends can congregate and help you cook. Two-room master suite on the first floor and great kids' rooms with big closets upstairs. Great value, too, so make arrangements to see (and own) this one before it gets caught on someone else's hook!


Learn more about 88 Hummingbird Lane and other Montgomery Real Estate by visiting


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Montgomery Foreclosure Statistics - February 2010

by The Hat Team

There are 1,397 Montgomery foreclosure homes for sale with 175 new foreclosures in February 2010. The average selling price of a Montgomery home is $171,767 and the average foreclosure selling price is $124,967, a $46,799 savings, according to

Montgomery Foreclosure Activity and Home Price Index

Home price appreciation remained the steady in February while the number of new Montgomery foreclosure homes dropped to 175.

montgomery foreclosure

Montgomery foreclosure activity is based on the total number of properties that receive foreclosure filings - default notice, foreclosure auction notice or repossession notice - each month. Home price appreciation is based on month-over-month percentage change of the Home Price Index. The Home Price Index is calculated from home sales records.

Montgomery Foreclosure Geographical Comparison

Montgomery foreclosure activity is 0.07% lower than national statistics and 0.06% higher than Alabama statistics.

montgomery foreclosures

Montgomery Foreclosure Activity by Month

The number of Bank-Owned properties dropped  from 123 homes in January to 73 in February. The number of Auctions rose from 39 to 102. The 6-month trend reflects a rise in Montgomery foreclosures.

montgomery foreclosures

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.

Will You Owe Capital Gains When Selling Your Montgomery Home

by The Hat Team

Something to consider when selling your home is the Capital Gains ramifications. Will you owe Uncle Sam money after the sale of your Montgomery home? Capital Gains are calculated as the difference between what you paid for your property and what you sell it for. Here is how you calculate your Capital Gains.

Calculating Capital Gains

(+) PURCHASE PRICE - Price paid for property

(+) COST OF PURCHASE - Transfer fees, attorney fees, inspections

(+) COST OF SALE - Repairs, commissions, attorney fees, inspections

(+) COST OF IMPROVEMENT - Room additions, deck, for example, though not replacing existing




A Special Real Estate Exemption for Capital Gains

Even though the above calculation may indicate you owe Capital Gains, there is a special real estate exemption. Since 1997, up to $250,000 in capital gains ($500,000 for a married couple) on the sale of a Montgomery home is exempt from taxation if you meet the following criteria:

  • You have lived in the home as your principal residence for two out of the last five years.
  • You have not sold or exchanged another home during the two years preceding the sale.

NOTE: As of 2003, you may also qualify for this exemption if you meet what the IRS calls "unforeseen circumstances" such as job loss, divorce, or family medical emergency.

Learn more about selling your Montgomery home by visiting

What's your Montgomery home worth?

Always consult a tax attorney regarding current tax laws.

Montgomery Real Estate For Sale: 5910 Carmel Drive Montgomery, AL 36117

MLS# 272597

Hang onto your heart! From the moment you step into the entry of this handsome patio home, you'll sense it's been loved and cared for. The gleaming hardwood floors and tall ceilings will please your eye. And once you discover all the storage, you'll know it's perfect as your next home! Double closets in one bedroom, two walk-in closets and a kitchen chock-full of cabinetry, too. Plus there's a nifty covered patio out back relaxing. Wish we could include interior photos, but it is tenant occupied. So just call your agent and see for yourself!

Learn more about 5910 Carmel Drive and other Montgomery Real Estate by visiting


Montgomery Real Estate For Sale: 3011 Boxwood Drive Montgomery, Alabama 36111

MLS #272333

Updated and affordable in desirable McGehee Estates. If you are looking for the McGehee Estates lifestyle without the price tag, and you want a home that has been tastefully updated, this one should make the cut. Current owners have removed some walls turning cramped ranch style rooms into a LARGE family room. Galley style kitchen opens to informal dining area. Four spacious bedrooms perfect for growing family. The real jewel of this home in the expansive privacy fenced back yard with huge party deck and in-ground BBQ grill. Massive tree provides shade in the summer and is perfect for a rope swing! Convenient to shopping and dining.

Learn more about 3011 Boxwood Drive and other Montgomery Real Estate by visiting

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Montgomery Real Estate For Sale: 2983 Old Farm Rd,Montgomery Alabama 36111

MLS #272390

Are you ready for a re-do?? Desirable location and great floorplan will make it worth your while to check out this end-unit townhome that lives like a "real house!" Needs a good bit of work (click photo for clear structural report, detailed home inspection, roof inspection and re-roof estimate) but priced $31,500 below an identical unit that sold for $141,500. So roll up your sleeves and build some equity. Cash poor? Call about the FHA 203K program, which allows you to finance all the needed improvements with as little as 3.5% down payment and a monthly payment way cheaper than you could rent comparable space!

Learn more about 2983 Old Farm Road and other Montgomery Real Estate by visiting


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The most important piece of a person’s financial life is their credit score. Whether buying a new Montgomery home, applying for a job, refinancing your Montgomery home, paying off debt, or getting utility service, your credit score will drive the outcome. One would think that Americans are all aware of what the scores are measuring and what factors play a part. But, most Americans do not know enough about the three digit rating or what is involved. Avoid these credit score myths when preparing for the purchase of your next Montgomery home.

montgomery homeMyth: Checking a credit report can either damage or lower your score.
A credit report can be conducted by you or someone like an employer as many times as desired with out having any impact on your credit score. Reviewing your credit report will never change your credit score. Just make sure that reports are retrieved through the bureaus or a legitimate score seller.

Myth: Age, sex, and income are factors that affect your score.
None of this information plays a role in determining your score. A higher income may make it easier to pay off debts, but income and net worth have no impact of credit scores.   

Myth: A credit score can be destroyed by shopping for a loan.
When seeking to extend credit, too many inquiries can have a negative impact your credit score. However, when several inquiries are made by the same type of lender with in a 14 day period they only count as one inquiry against your credit.

Myth: Your score can be hurt by credit card offers.
When companies offer you their credit cards it does not have any affect on your score. Unless, your take advantage of all the offers and carelessly use all of the credit available. The number of credit cards a person manages does not matter. The important thing is maintain a low ratio of used to available credit.

Myth: Credit scores of married couples are shared.
A credit score can only belong to one person, just as one person can only have one score. A married could does not share a credit score, but their scores could have an affect each others. When opening a joint account, the information accumulated from that account’s activity will be reflected on both people’s credit report. If all of the couple’s accounts are joint, then their scores will be somewhat similar.

Myth: Closing unused accounts improves credit scores.
Unused accounts most likely contain available credit, which is an important part of a credit score. Closing unused accounts removes available balances from the equation. This causes your ratio of used to available credit to increase, ultimately affecting your credit score.

Myth: Paying off bills is a quick way to boost credit.
Over time, a good record of properly paying bills will improve credit. Credit reports reflect your long term history, scores do not change overnight.

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Displaying blog entries 1-9 of 9




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