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Montgomery AL Home For Sale: 2185 Woodley Rd

Thursday, May 28, 2015
by The Hat Team

Montgomery AL Home For Sale:

2185 Woodley Rd, Montgomery AL 36111
MLS# 318131

Your Dream Home Awaits!


2185 woodley rd

Your dream home awaits! Buy this home and lovely lot and either renovate or demolish the structure to make way for the home of your dreams. Whether you're the creative type yourself or have an architect or designer, the potential of this location will be obvious. Attractive financing products make it easy to go from concept to completion. And the end product will be surrounded by other homes of extremely high value, too. So think big and call your REALTOR today!

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 Home For Sale: 208 N Lewis St

Tuesday, May 26, 2015
by The Hat Team

Montgomery AL Home For Sale:

208 N Lewis St, Montgomery AL 36107
MLS# 318000

Incredible Old House Renovation!

208 n lewis st


Who says you can't have it all?! You'll get the best of both worlds with this priced-to-sell 1920's era bungalow! Old home charm and modern updates make this a great first home. Contemporary stainless steel appliances, spacious rooms and storage spaces, hardwood flooring throughout most of the house and a backyard deck - what more could you ask for? Call us at (334) 834-1500 for a tour.

Marketed by Montgomery AL Real Estate Experts Sandra Nickel Hat Team.
 

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Montgomery AL Duplex For Sale: 3201 Audubon Rd

Tuesday, May 26, 2015
by The Hat Team

Montgomery AL Duplex For Sale:

3201 Audubon Rd, Montgomery AL 36106
MLS# 318015

Savvy Investor Gem!

3201 audubon rd

Classic Cloverdale architecture, a tucked-away and highly sought after location in Midtown, and quality tenants who pay and care for their homes. What more could a savvy investor want?! So call now to see first-hand why this property needs to be in your portfolio!

Marketed by Montgomery AL Realtors Sandra Nickel HAT TEAM!

 

 

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Midtown Montgomery Real Estate Market Trends - April 2015

Friday, May 22, 2015
by The Hat Team

Decades ago, it was not uncommon for people to work at the same job for the entirety of their professional career. Similarly, many people kept the same home their whole lives. Those trends, however, have shifted. Today most homeowners buy and sell several homes throughout their lifetime. The reasons to sell one’s home vary—changes in family situations, neighborhood transformations, financial changes, and many others. However, the most popular reasons sellers decided to leave their home for another are quite simple—people moving to new areas and outgrowing their homes. According to the National Association of REALTORS® 2014 Profile of Home Buyers and Sellers, 15 percent of sellers sold their previous home because the place was too small. That number was much higher (30 percent) among first-time sellers. Additionally, another 15 percent sold their last home due to job relocation. Are you considering selling your home? Get a free current market analysis here.

Take a look at April 2015's real estate sales statistics.

April 2015 Midtown Montgomery Real Estate Market Update

Midtown Montgomery real estate sales statistics for April 2015, show the number of homes remain the same. The average sales price decreased by 3.47% to $153,448 for the month. The median sales price decreased by 1.85% to $127,500, and market times decreased by 24 days.  The highest selling price decreased by 1.51%, and the lowest selling home price decreased by 3.45% compared to $14,500 from April 2014.

Midtown Montgomery  April 2015   April 2014
Homes Sold 30 30
Average Selling Price $153,448 $158,971
Median Selling Price $127,500 $129,900
Days On The Market 135 159
Highest Selling Price $391,000 $397,000
Lowest Selling Price $14,000 $14,500

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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Live the Dream

Wednesday, May 20, 2015
by The Hat Team

Consumers are more easily living the American Dream of owning a home because of the incredibly low mortgage rates. Today, most buyers can get a much lower rate than their parents or grandparents got on their first home.

American dream2.png

In a recent housing survey, FNMA released information about consumers' thoughts on the current market. Almost two-thirds would rather buy than rent and believe that now is a good time to buy. Half of the respondents expect rent and home prices will go up.

Top Ten reasons to move the dream to reality:

  1. It’s cheaper than renting in most cases
  2. Avoid rental increases in the future
  3. Equity build-up with amortization of each payment going to principal
  4. A home is a forced savings account
  5. Appreciation increases your equity and your overall investment
  6. Mortgage interest and property tax deductions
  7. Home equity interest deduction
  8. A place you can call your own
  9. A place to share with friends and family
  10. Capital gains exclusion on profit

Buyers need the confidence that they can afford a home and proof for the sellers when they’re ready to submit a contract. If a buyer has steady reliable income, a good record of paying their bills, money saved for a down payment and are prepared to pay the mortgage each month, the next step is to get pre-approved by a trusted mortgage professional.

Take a look at the Rent vs. Own to see what the real cost of owning a home for your price range.

Information courtesy of Montgomery AL Real Estate Experts Sandra Nickel Hat Team Realtors.

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Things to Think About Before Moving To the Country

Friday, May 8, 2015
by The Hat Team

Moving to the country may sound appealing to you however there are a few things you need to think about before doing so.  Living in the country can be rewarding if you are willing to take a few things into consideration before moving there.  Getting away from the hustle and bustle of the city may be just what you are in need of.  In this blog post we are going to give you a few tips for making your move to the country a peaceful one.

  • countryRealize that most homes out in the country require that you have a well.   Well water although great tasting may need a bit of work in order to get it ready to drink.  Sometimes well’s can be costly if you are moving to a rural area that has hard water.  Just be sure to keep this little fact in mind before you move out to the country and you won’t be surprised by it if you end up needing to purchase some sort of water softener. 
  • Realize that your commute to work may be a bit longer if you work in the city and choose to purchase land or a home in the country.  If living in the country is important to you and your family then making the sacrifice of driving a little bit further to work may be worth it to all of you.
  • Buying land or a home out in the country is also going to mean a more difficult time driving anywhere in the event of inclement weather.   You and your family may have to settle in for a few days and just enjoy one another when bad weather comes once you move out to the country.  This can be a blessing or a curse, depending on the way you look at it.  It is just good to be aware that rural roads typically do not get cleared as fast as roads in the big cities when bad weather sets in.  You may want to consider buying a four wheel drive if you purchase a home in the country so that you can more easily maneuver around the snow covered country roads.
  • The cost of trash removal can get quite expensive in the country.  Many folks that live in the country take their trash to the local dump because they can save quite a bit of money that way. 
  • If you are considering buying a home in the country to get away from loud neighbors, be aware that you may have to deal with gun shots and folks hunting within walking distance of your home once you move out on a bigger piece of land. 

If moving to the country sounds appealing to you and none of these items we have listed for you to think about bother you, then you are likely going to enjoy living in the peace and tranquility the country life has to offer you. 

Information courtesy of Montgomery AL Realtors Sandra Nickel Hat Team.

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Mortgage Rates: Deal Of The Century?

Thursday, May 7, 2015
by The Hat Team

Recently, Freddie Mac published a blog post titled Mortgage Rates: Still the Deal of the Century. They explained that, if you are planning to purchase a home, now may be the time:

mortgage"If you are in the market to buy a home, today's average mortgage rates are something to celebrate compared to almost any year since 1971.

The average 30-year fixed mortgage rate is 3.67% this week. If you take out a $200,000 mortgage at this rate to buy that home you've had your eye on, you'll pay $917 in principal and interest payments each month. One year ago, when mortgage rates were higher and averaged 4.27%, this same mortgage would have cost you an additional $69 in monthly interest payments or $828 per year.

Over the past few years, we've enjoyed a long run of historically low mortgage rates. While no one expects them to change dramatically overnight, they are expected to head up. Most experts agree that mortgage rates will drift up in the coming months to end the year approaching 4.50%.

Since 1971, when Freddie Mac began tracking mortgage rates, they have ranged from a high of 18.63% in October of 1981 to a low of 3.31% in November of 2012. Looking at the all-time highs and lows compared to more recent history offers a good perspective on how your payments on the same $200,000 mortgage would change as mortgage rates change.

  Date Average 30-year Fixed Mortgage Rate Approximate Monthly Payment on a $200,000 Mortgage
One Year Ago April 17, 2014 4.27% $986
This Week April 16, 2015 3.67% $917
Year-end 2015 (Forecast) December 31, 2015 4.50% $1,013
All-Time Low November 21, 2012 3.31% $877
All-Time High October 9, 1981 18.63% $3,117

Source: Freddie Mac Primary Mortgage Market Survey® (PMMS®). Tracking through the PMMS began in March 1971. Mortgage payments are principal and interest only, based on a $200,000 fully amortizing mortgage. All terms are assumed to be 30 years. FreddieMac.com/pmms/

Buying a home is a big investment – perhaps the biggest one you'll make in your life. So, it's important to be sure you are ready to make that purchase. If you are ready, today's rates are not to be missed."

For more information and tools on buying a home and homeownership give us a call or shoot us an email.

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Pay More or Less

Thursday, May 7, 2015
by The Hat Team

Paying more for your house payment does not make your home more valuable. It does mean that the mortgage rate may be higher than it has to be.

more or less.png

Even though fixed rates may never again be as low as they are currently, an adjustable rate mortgage may provide the lowest cost of ownership depending on how long a borrower plans to own a home. There are different types of ARMs but the one in this example is a 30 year mortgage with the rate fixed for five years and can adjust every one year after that based on independent indexes.

Another feature of a FHA ARM is the maximum rate change in one period is 1% and the maximum lifetime cap is 5% over the initial rate.

In the example below, the payment on the adjustable is $153.48 lower for the first five years or 60 payments. Another interesting thing is that lower interest rate loans amortize faster than higher interest rate loans. In this example, the ARM has a lower unpaid balance at the end of the first five years by $4,239.

The total savings on the ARM at the end of the first period is $13,477. If a borrower felt confident they would sell the home prior to the breakeven point of 8.5 years, the ARM would produce a lower cost of housing even if the mortgage rate escalated the maximum at each adjustment period.

To help determine whether you pay more or less, consult with a trusted mortgage professional and your real estate agent to learn the advantages and disadvantages of different programs. To try your own comparison, check today’s rates at the Freddie Mac Mortgage Rate Survey and plug your numbers into an Equity Accelerator.

ARM comparison2.png.jpg
 

Information courtesy of Montgomery Realtors Sandra Nickel Hat Team.
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Montgomery AL Real Estate For Sale: 1305 Wedgewood

Monday, May 4, 2015
by The Hat Team

Montgomery Homes For Sale:

1305 Wedgewood, Montgomery, AL 36111
MLS #317435

1950’s Classic Home!

They just don't build them like this anymore! Built in the mid 1950's by the Liger family, this quaint home in the Midtown Montgomery area has living room, dining room AND a large den & family room. Both bedrooms are spacious enough for king beds, dressers, and other furniture. While mostly original, there is much room left in the price to make upgrades and personalize this solid home to your liking.

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

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Montgomery AL Real Estate For Sale: 2627 Ashlawn Ave

Friday, May 1, 2015
by The Hat Team

Montgomery Homes For Sale:

2627 Ashlawn Ave, Montgomery, AL 36111
MLS #317361

Income Producing Investment Opportunity!

Investors, this one is priced for YOU! Out-of-state owner is ready to let this one go, and has priced it to sell AS-IS. With a little "lipstick and rouge" this old girl in Midtown Montgomery could turn into a cash cow, income-producing rental! Do the numbers, you will see!

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

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