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Montgomery Real Estate For Sale

3115 Lexington Road Montgomery, AL 36106

This classic home sits on a quiet street as is waiting for a new owner. Covered front porch invites you in to large living room with fireplace and built-in bookshelves. Moorish style archway leads you into formal dining room, which is adjacent to the oversized eat-in kitchen with LOTS of counter and cabinet space. Bedroom three is a "swing" room off the kitchen and has previously been used as a den/study. Out back is a deck for relaxing, a fenced and well-manicured yard, and a detached 1 car garage best suited for workshop/storage. Current owner has already done all of the expensive upgrades like new roof, new water heater, and fresh exterior paint...now this home is ready for YOUR personal decorating touches . You can find all this in historic Cloverdale/Idlewild, one of Midtown's favorite neighborhoods, at a price that is RIGHT!

Sandra Nickel and the Hat Team have distinguished themselves as leaders in the 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.

 You can reach Sandra by filling out the online contact form below or give her a call anytime.

 

 

Montgomery AL Foreclosure Trends - November 2012

by The Hat Team

There were 802 Montgomery AL foreclosure homes for sale with 1 in every 775 housing units receiving a foreclosure filing in November 2012. The average selling price of a Montgomery AL home was $102,112 and the average foreclosure selling price was $92,251, a $9,861 savings according to RealtyTrac.com.

Montgomery AL Foreclosure Activity and 30 Year Interest Rate

Montgomery interest rates averaged 3.35% in November while the number of foreclosed homes climbed from 104 to 122.

montgomery al foreclosure

Foreclosure activity is based on the total number of properties that receive foreclosure filings – default notice, foreclosure auction notice or bank repossession – each month. Interest rate is based on the average 30-year fixed rate from Freddie Mac Primary Mortgage Market Survey.

Montgomery AL Foreclosure Geographical Comparison

Montgomery AL foreclosure activity was 0.01% lower than national statistics, 0.03% higher than Alabama and 0.01% higher than Montgomery County statistics in November 2012.

montgomery al foreclosure

Montgomery AL Foreclosure Activity by Month

The number of Bank-Owned properties increased from 52 homes in October to 69 in November. The number of Auctions rose from 52 to 53 and there is a 6-month rising trend.

montgomery al foreclosure

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.

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.

 

Montgomery Real Estate For Sale

441 S Highland Court Montgomery, AL 36104

Potential abounds in this late Victorian 2-story that once was a beauty (photos shot in 2004 when owner occupied) and can be again! Good bones and needs plaster repair and fresh paint AFTER new owner installs badly needed new roof. Great dead-end location keeps gremlins away and adjacency to church parking lot allows for entertaining in the style which a renovated like this home will provide you. Perfect candidate for an FHA 203k renovation loan--call your agent or favorite lender for details.

Sandra Nickel and the Hat Team have distinguished themselves as leaders in the 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.

 You can reach Sandra by filling out the online contact form below or give her a call anytime.

 

 

Midtown Montgomery Market Trends - Dec 2012

by The Hat Team

With the gift-giving season in full swing, some parents are considering a sizable and meaningful present for their children and/or grandchildren - real estate. This is the sign of a solid trend, with a growing number of parents are currently helping their children purchase homes, whether they’re buying these homes for their sons and daughters outright, helping them pay for closing costs, or coming up with the money for their down payments.

While such a gift is certainly in keeping with the spirit of the season, those who are giving or those relying on monetary donations from their parents or family members to buy real estate should follow some fairly simple underwriting and IRS rules.

  • You can gift a total of $13,000 a person without being taxed on that money.
  • The person giving the gift must file a form 709 (gift tax return) for any gifts over $13,000 per year per recipient.
  • Buyers applying for a conventional mortgage loan must use their own funds for at least 5 percent of their down payment.
  • When buyers are providing a down payment of at least 20 percent of their home’s purchase price, they can rely on gift funds for the entire down payment.
  • Mortgage lenders will need to see documentation showing the origin of gifted funds.
  • A gift of real property is accomplished through a deed. A warranty or grant deed is normally used, but in some cases a quitclaim deed may be appropriate. You will identify the property being transferred and sign, notarize, and register the deed as clear evidence that the property has been given to your children.

As with all major financial decisions, you would be wise to consult your accountant and/or tax attorney before gifting monetary assistance for the purchase of real estate or the property itself.

Take a look at sales figures in our local real estate market for November. Unfortunately, Midtown Montgomery has yet to "jump on the upswing bandwagon." Our numbers continue to disappoint.

Midtown Montgomery real estate sales statistics for November show the number of homes sold decreased by 90% when compared to November 2011. The average sales price increased by 23% to $156,890 during the same period. The median sales prices increased by 14%, and market times increased by 19% or 31 days. The highest selling home price decreased by 27%, and the lowest selling home price was the same.

Midtown Montgomery Nov 2012 Nov 2011
Homes Sold 37 366
Average Selling Price $ 156,890 $ 117,500
Median Selling Price $ 117,500 $ 101,250
Days On The Market 163 132
Highest Selling Price $ 575,000 $ 785,000
Lowest Selling Price $ 3,000 $3,000


The good news is that the level of buyer activity in the Midtown Montgomery market is up substantially, which may mean and upturn ahead.

For the latest Midtown Montgomery 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.

A Modern Christmas To All Montgomery AL Homeowners

by The Hat Team

Yes, it is once again the Christmas season, and each of us has a favorite yuletide memory or a tradition that we include in our celebration each year.  Yet, in our fast-paced world, time marches on and customs change.  Just as real candles on the tree gave way to bubbling lights, twinkling lights, and now LED lights and hand-strung popcorn and cranberries were replaced by tinsel garlands and ribbons, Christmas 2012 brings with it new creations and unusual ideas which may well become traditions over time. Read on for the latest in tree and home decorations, stocking stuffers, unique gifts, and, of course, recipes.

Trees:

Trends for 2012 include an emphasis on skinny trees, metallic trees, and multiple trees spread throughout your home.    HGTV.com suggests thinking outside the box and reflecting your personality and lifestyle when it comes to decorating your tree(s).  Consider, then, silk flowers in your favorite color(s), ornaments made from sheet music or old books, or depicting a theme.  Nature-inspired motifs such as natural materials, birds, the sea, or your favorite animal are possibilities. Some with-it decorators even showcase their hobbies on their tree.  Gardening, golf, cooking…?      

Even tree toppers are changing.  While angels, stars, and bows are still popular additions for the tree in your home, creative sorts are replacing those with a floral arrangement, feathers, Santa’s hat, Frosty, Yoda, a cluster of colorful balls, and even the Eiffel TowerClick here for help in making unusual angels to crown your conifer.

Deck the Halls – and the Walls                                                                                    

Experiment with some low-cost “funky shui” in your home this year.   With a can of spray paint, unwanted picture frames, ribbon, old seasonal greeting cards, and wrapping paper you can achieve the reputation of an inventive decorator as you create unusual wall art, festive displays of branches, colorful lampshade stripes and “Christmas package” pillows, and one-of-a-kind paint-swirled bottles and glasses. 

Unexpected Stocking Stuffers Sure to Surprise

RealSimple.com and Perpetualkid.com have outdone themselves this year in terms of “who would have thought” suggestions for unique stocking stuffers for under $20.  Have fun as you fill those Santa stockings with a robot tea infuser, a hand-held sound effects machine, a cupcake shower cap, or scented straws.  Not full yet?  You can also add paper airplane push pins, permanent bubbles, or HotWheels’ new Ballistiks.  Not “outre” enough for you?  Then embrace the trendy mustache craze and include portable kits for emergency use, bracelet charms, gummy candy, or a baby’s pacifier reflecting the latest fad!

Food, Glorious Food

Tired of relying on standard fare such as plum pudding, Santa cookies, green bean casserole, and traditional turkey? Dare you try saffron turkey, cumin roasted potatoes, pine nut parsnips, and braised red cabbage—all covered in white wine gravy? If so, click here to get started.  Another appetizing menu has all the classics you want for the ultimate Christmas dinner updated with a stylish, modern flare.  FineCooking.com. gives you recipes for champagne cosmos, horseradish bread pudding, lemon thyme spinach, and ginger cake trifle—each sure to please even the most discriminating

 

 palates.

 

Let’s Not forget The Cookies

While chocolate chip, sugar, peanut butter, and candy cane cookies will never go out of style, there should always be room on the table in your  home—and in your stomach—for newcomers of the delicious sort.  Does your mouth water when you imagine chocolate/orange (or chocolate/hazelnut) cookie cups, gingerbread pinwheels, peppermint blossoms, or turtle bites?  If so, then Pillsbury can certainly help satisfy your sweet tooth.

Present Day Presents

Yes, Furbies are indeed back, but they are joined by the not-so familiar WHISKEY STONES and a new WINE-OPOLY BOARD GAME, both available at Gifts.com. Want something more cutting edge? Allmodern.com provides suggestions in 15 different categories and features items such as a gear clock, a molecule building set, and Ipad/Mp3 accessories. 

Amazon.com has compliled—and updates hourly-- a list of toys and games very popular with children this Christmas.  Sought-after selections include Moshi Monsters, Lego Creationary Board Game, and any Angry Birds Star Wars Item.  And, iIn spite of the advent of the IPad, Kindle, and numerous other electronic devices, many children still enjoy reading books and playing board games.  Ask your public or school librarian for age-appropriate suggestions or peruse Amazon’s book lists.

Remember, too, that not all gifts need to be tangible.  The sharing of your time and talents is most appreciated by all recipients, including children.  Think about an outing to a museum or the zoo, a shopping expedition for an Angel Tree child, caroling, cooking lessons, or a project in which the entire family participates,

So there you have it—a modern-day take on many elements of Christmas. There is one more relatively new idea which is quickly gaining in popularity, however, and that is.the determination to slow down, relax a bit, and actually enjoy the season with friends and family.  May your holiday be a rewarding and peaceful one!

Montgomery AL Foreclosure Trends - October 2012

by The Hat Team

There were 820 Montgomery AL foreclosure homes for sale with 1 in every 909 housing units receiving a foreclosure filing in October 2012. The average selling price of a Montgomery AL home was $105,308 and the average foreclosure selling price was $90,944, a $14,364 savings according to RealtyTrac.com.

Montgomery AL Foreclosure Activity and 30 Year Interest Rate

Montgomery interest rates averaged 3.38% in October while the number of foreclosed homes dropped from 107 to 104.

montgomery al foreclosure

Foreclosure activity is based on the total number of properties that receive foreclosure filings – default notice, foreclosure auction notice or bank repossession – each month. Interest rate is based on the average 30-year fixed rate from Freddie Mac Primary Mortgage Market Survey.

Montgomery AL Foreclosure Geographical Comparison

Montgomery AL foreclosure activity was 0.03% lower than national statistics, 0.03% higher than Alabama and the same as Montgomery County statistics in October 2012.

montgomery al foreclosure 

Montgomery AL Foreclosure Activity by Month

The number of Bank-Owned properties dropped from 63 homes in September to 52 in October. The number of Auctions rose from 44 to 52 and there is a 6-month rising trend.

montgomery al foreclosure

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.

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.

 

Midtown Montgomery Real Estate Market Trends - November 2012

by The Hat Team

Hurricane Sandy’s immediate impact on real estate in the hardest hit Northeastern neighborhoods has become painfully evident, from New Jersey shore houses completely swept away by the sea to entire neighborhoods like Queens’ Breezy Point tragically leveled to the ground. But this latest natural disaster won’t just affect certain ZIP codes, it will weigh on America’s housing market as a whole, according to Forbes.com.

In many parts of the country a housing recover has begun. Nationally, home sales have been notably higher this year as compared to last. In September, existing home sales were up 11% year-over-year and pending sales up 14.5%, according to the National Association of Realtors. Prices have risen too, with the national median sales price $183,900, or about 11% higher than September of 2011.  Inventory has fallen drastically in many parts of the country, fueling the uptick in prices. The rising numbers have helped housing become a bright spot in recent economic reports, with analysts projecting that residential investment will positively contribute to gross domestic product this year for the first time since 2005.

Now, that rosy recovery is sure to dampen. “This will certainly create a negative in the short term,” says Lawrence Yun, chief economist of the National Association of Realtors. “The bottom line is we clearly anticipate a slowdown, but it will be temporary.”

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

Midtown Montgomery real estate sales statistics for October show the number of homes sold decreased by 25% when compared to October 2011. The average sales price decreased by 17% to $95,103 during the same period. The median sales prices increased by 19%, and market times increased by 18% or 22 days.  The highest selling home price decreased by 47%, and the lowest selling home price increased by 36%.

Midtown Montgomery Oct 2012 Oct 2011
Homes Sold 18 24
Average Selling Price $ 95,103 $ 114,128
Median Selling Price $ 90,500 $ 73,250
Days On The Market 124 102
Highest Selling Price $ 250,000 $ 476,000
Lowest Selling Price $ 20,700 $13,200


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.

Good News For Montgomery AL Real Estate

by The Hat Team

Perhaps the person who coined the maxim “Good things come to those who wait” had owners of Montgomery AL real estate in mind, for after a long period of struggling and unpredictability, the housing market is finally touting some good news. 

  • montgomery al real estateResults from Fannie Mae’s September 2012 National Housing Survey show Americans’ optimism about the recovery of the housing market has grown, bolstered by a series of mortgage rate decreases throughout the summer. Consumer attitudes about the economy also improved substantially last month.
     
  • According to Kiplinger, sales of new and existing homes are climbing:  20% for new homes this year; 18% next year. For existing homes, a 2% gain in 2013 will follow about an 8% jump in 2012.
     
  • What's more, if the increases seen in the first nine months of the year continue through the remainder of the year, 2012 will be the first year of rising home prices since 2006. On the current projections pace, prices will rise almost 4 percent by the end of the year, according to Trulia's, ending several consecutive years of painful declines in Montgomery AL real estate.
     
  • Rising home values have brought homeowner equity to its highest level since the third quarter of 2008 and helped lift 1.3 million families above water. Homeowner equity jumped $406 billion, or t5.9 percent, to $7,275 billion in the second quarter of 2012. After a sharp first quarter rise, total equity has grown to $863.
     
  • The national median price for existing homes grew to $187,400, up 9.5 percent from August 2011. The increase was the strongest since January 2006 when the median price rose 10.2 percent from a year earlier. The number of underwater borrowers has declined by 11 percent since the end of the year, down from 12.1.

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.

 

Montgomery AL Foreclosure Trends - Sept 2012

by The Hat Team

There were 772 Montgomery AL foreclosure homes for sale with 1 in every 883 housing units receiving a foreclosure filing in Sept 2012. The average selling price of a Montgomery AL home was $93,066 and the average foreclosure selling price was $81,935, a $11,131 savings according to RealtyTrac.com.

Montgomery AL Foreclosure Activity and 30 Year Interest Rate

Montgomery interest rates averaged 3.47% in Sept while the number of foreclosed homes climbed from 73 to 107.

montgomery al foreclosure

Foreclosure activity is based on the total number of properties that receive foreclosure filings – default notice, foreclosure auction notice or bank repossession – each month. Interest rate is based on the average 30-year fixed rate from Freddie Mac Primary Mortgage Market Survey.

Montgomery AL Foreclosure Geographical Comparison

Montgomery AL foreclosure activity was 0.03% lower than national statistics, 0.02% higher than Alabama and the same as Montgomery County statistics in Sept 2012.

montgomery al foreclosure 

Montgomery AL Foreclosure Activity by Month

The number of Bank-Owned properties rose from 18 homes in August to 63 in Sept. The number of Auctions dropped from 55 to 44. There is a 6-month rising trend.

montgomery al foreclosure

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.

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.

 

Midtown Montgomery Real Estate Market Trends - October 2012

by The Hat Team

Ever since the housing bubble burst, the American public has been bombarded by predictions of all sorts.  Some have included assertions that the real estate market has bottomed out, while others issue dire warnings that it will sink still lower.  Accompanying these negative reports, however, there have usually been optimistic voices insisting that the market is actually improving.  And perhaps it finally is.  Dubious?  Read on…

According to a report issued recently by the Demand Institute, 2012 is the year of the housing bottom. The report states, “The double-digit increases in U.S. housing prices over the first half of the past decade proved unsustainable. But the freefall is over. The point has been reached where housing prices will start to climb, albeit at single-digit rates in most markets over the next five years.”

In addition, Douglas C. Yearley, Jr., CEO of Toll Brothers,says: "It appears that the housing market has moved into a new and stronger phase of recovery as we have experienced broad-based improvement across most of our regions over the past six months. The spring selling season has been the most robust and sustained since the downturn began.”

Numerous recently published articles discuss various stages of a housing market recovery.  Some describe a 3-step process, some 5, and others 7, but all agree that the signs of an upswing are currently here.  Visit Zip Realty, Seeking Alpha, and GMO for in-depth explanations and analyses of these stages.

Moreover, the Wall Street Daily touts 11 positive indicators that point to the beginning of a real estate turnaround.  Among those featured are rising housing starts, declining inventory, growing consumer confidence, spiking rental costs, increasing prices of homes, and rebounding existing home sales.

If you are considering buying or selling a home, this may well be a good time to do so. Interest rates won’t get much lower, prices seem to be stabilizing, and houses are more affordable than they’ve been in a decade.  Why wait any longer?

Lets look at the statistics in our local real estate market for September 2012.

Midtown Montgomery real estate sales statistics for September show the number of homes sold decreased by 16% when compared to September 2011. The average sales price decreased by 5% to $131,321 during the same period. The median sales prices decreased by 3%, and market times decreased by 35% or 60 days.  The highest selling home price decreased by 14%, and the lowest selling home price increased by 100%.

Midtown Montgomery Sept 2012 Sept 2011
Homes Sold 21 25
Average Selling Price $ 131,321 $ 138,288
Median Selling Price $ 122,500 $ 126,500
Days On The Market 114 174
Highest Selling Price $ 367,500 $ 425,000
Lowest Selling Price $ 25,500 $1


For the latest Midtown Montgomery 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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