Real Estate Information Archive


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Midtown Montgomery Real Estate Market Report for August 2014

by The Hat Team

While the number of for sale by owner transactions is on the decline, approximately 9 percent of sellers decide to go it alone and forego outside help from a Realtor®. Typically those that go this route have extenuating circumstances, such as already having a relationship with the buyer (which happened in 40 percent of recent FSBO sales, according to National Association of Realtors® data). However, NAR’s 2013 Profile of Home Buyers and Sellers shows that most sellers benefit from the outside help of a knowledgeable advocate when selling their home. Aside from being experts in the field, Realtors® have the time, know the market and needs of the potential buyers, bring an objective and fresh perspective to the seller, understand the complexity of all of the processes involved, and have the ability to attract qualified buyers.  It’s because of these reasons that sellers using a Realtor® tend to get more for their homes, according to NAR’s report.

Let’s look at how many sellers sold their homes with a Realtor in August.

August 2014 Midtown Montgomery Real Estate Market Update

Midtown Montgomery real estate sales statistics for August 2014, show the number of homes sold decreased by 9% when compared to August 2013. The average sales price increased by 3% to $140,940 for the month. The median sales prices increased by 16% to $107,500, and market times increased by 27 days.  The highest selling price increased by 40%, and the lowest selling home price increased by 14% compared to August 2013.

Midtown Montgomery  August 2014 August 2013
Homes Sold 29 32
Average Selling Price $140,940 $136,497
Median Selling Price $107,500 $92,000
Days On The Market 159 132
Highest Selling Price $830,000 $590,000
Lowest Selling Price $11,000 $9,640

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

Information courtesy of Montgomery Alabama Realtor Sandra Nickel, Sandra Nickel Hat Team.

7 Tips For Purchasing The Home Of Your Dreams

by The Hat Team

At a time when there is a shortage of homes for sale in Montgomery, buyers need to give themselves an edge on the competition for their dream home.

home buyer1. Get pre-approved for financing prior to shopping for your dream home. Three to four months before you start shopping for your dream home do some homework. Review your credit scores and take action to clear up any credit discrepancies. Michael Corbett, author of Before You Buy, then recommends getting a bank or mortgage lender to pre-approve your loan. That does not guarantee you will receive a loan, but it shows credibility to the sellers and realtors involved with your potential transaction. It shows you can afford a mortgage for a given amount.

2. Don’t lowball your first offer on a property you really want. In the current market there are often multiple buyers interested in the same property. You may not have a second chance to “sweeten the deal” later. Make sure your Realtor has provided you with comparable property prices that justify your offer. Submit a strong offer the first time.

3. Consider an escalator clause in your offering contract. This is a clause where you agree to increase your offer if a higher offer is received by the seller.

4. Add extra earnest money to your deposit. This signals to the seller that you are really serious. To show your true commitment, consider doubling what the seller has asked for as a deposit.

5. Keep contingencies to a minimum when writing the final contract. Take a good hard look at the property and temper your contingency demands. The more chance there is the deal will not go through due to financing or inspections contingencies, the less inclined the seller will be to accept your offer.

6. Give the gift of time to the seller. Express your willingness to work with the sellers to make the closing timetable convenient to them. Be willing to close on the purchase and lease back to them if their timing is difficult. If you’re bidding on a short sale make it clear you understand the timeframe could be drawn out. Express your patience to work with sellers.

7. Consider using a Realtor to help you find your dream home. Such help can be invaluable, especially when it comes to the details of a contract. Best of all the sellers often pay for the cost of the buyers’ agent through commission split at the closing.

Information courtesy of Montgomery Alabama Realtor Sandra Nickel, Sandra Nickel Hat Team Realtors.

Montgomery AL Home for Sale: 1813 Winona Ave

by The Hat Team

Montgomery AL Home for Sale:

1813 Winona Ave, Montgomery AL 36107
MLS# 312001

Picture Perfect Restoration!

1813 winona ave
WOW! Impeccable complete and total restoration in historic Capitol Heights! Get the old house charm but absolutely everything is brand new. From the large front porch to the gorgeous hardwood floors, magazine quality kitchen and baths and huge deck overlooking shaded back yard, it's simply picture perfect. Check out this fabulous home today.

Marketed by Sandra Nickel, Sandra Nickel Hat Team, Montgomery Alabama Realtors.

Displaying blog entries 1-3 of 3




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