Real Estate Information Archive

Blog

Displaying blog entries 621-630 of 759

Montgomery AL Foreclosure Trends - October 2012

Friday, December 7, 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.

 

Add Comment

Montgomery Al Real Estate For Sale:3526 Gilmer Avenue Montgomery, AL 36105

Tuesday, November 27, 2012
by The Hat Team

Montgomery Al Real Estate For Sale

3526 Gilmer Avenue Montgomery, AL 36105

Stylish redo with columned entry, 5-seat breakfast bar and modern open feel. Nice brick patio and landscaping that will make you plenty proud to call this house your new home! Be sure to click on photos to see all the interior shots. Then you're bound to agree that this is a blooming bargain!!

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

 

 

Add Comment

Midtown Montgomery Real Estate Market Trends - November 2012

Tuesday, November 20, 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.

Add Comment

Good News For Montgomery AL Real Estate

Thursday, November 15, 2012
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.

 

Add Comment

Montgomery AL Foreclosure Trends - Sept 2012

Thursday, November 8, 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.

 

Add Comment

Midtown Montgomery Real Estate Market Trends - October 2012

Thursday, November 1, 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.

Add Comment

Fall Gardening At Your Montgomery AL Home

Thursday, October 25, 2012
by The Hat Team

Yes, summer has come to a close, but that doesn’t mean that you need to bid adieu to gardening or enjoying colorful blossoms in your Montgomery AL home.  Actually, cooler temperatures, moist soils, and the absence of pesky insects in autumn make for ideal conditions for fall planting and spending time in your garden.  Generally, the items on your to-do list fall into three categories:  enjoying it now; housekeeping, and preparing for the future.

fallEnjoy It Now

Probably the favorite activity of gardeners who owns a Montgomery AL home involves the planting of flowers, trees, and shrubs which will provide bright colors for the next few months.  Before investing in fall plantings, however, click here for information and planting advice for your geographic region.  Some colorful and popular blooms include asters, red spider lily, Mexican sage, goldenrod (that it is a source of hay fever is a misconception), fall crocus, witch hazel, and perennial sunflower (smaller than the annual sunflower).  For a wider, more unusual variety, this Better Homes and Gardens website offers a large selection of lesser-known—but just as colorful—species for fall planting as well as planting information for each one.

This is also a favorable time to plant trees and shrubs with brightly-colored foliage on the grounds of your Montgomery AL home.  Consider amur, sugar, and Japanese maples; burning bush; birch, and ginkgo, or click here for more unusual varieties.

Housekeeping

While you’re outside admiring your handiwork, you can take advantage of that time to tend to some gardening “housekeeping” tasks.  This list includes the following “do’s”:  picking bagworms from evergreens, deadheading perennialsand disposing of all diseased foliage, dividing and transplanting perennials, fertilizing trees and shrubs, adding plant debris to your compost pile, weeding, and watering trees and shrubs, particularly evergreeens, generously.  Note:  There are also three “do not’s” on this list.  Resist the temptation to do any severe pruning until early spring, defer mulching until mid-November, and discontinue fertilizing your roses.

Preparing For The Future

Finally, you will want to prepare the plants in the garden of your Montgomery AL home for the future.  You still have time to purchase and plant tulip, crocus, and daffodil bulbs for glorious color in the spring, and you can dig up and the bulbs of begonias and gladiolus in peat moss or vermiculite.  Before the night temperature dips below 55 degrees, bring houseplants back inside—only after carefully inspecting them for insects and thoroughly washing the leaves and the container.

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.

 

Add Comment

Pre-Approval: The First Step To Buying a Montgomery AL Home

Thursday, October 11, 2012
by The Hat Team

Few people can buy a home for cash. According to the National Association of REALTORS® (NAR), nearly nine out of 10 buyers of Montgomery AL homes finance their purchase, which means that nearly all buyers -- especially first-time purchasers -- require a loan.  The real issue with real estate financing is not getting a loan home(almost anyone willing to pay lofty interest rates can find a mortgage). Instead, the idea is to get the loan that's right for you -- the mortgage with the lowest cost and best terms.

Realtors routinely urge prospective buyers to get pre-approved for a loan before they even begin looking at Montgomery AL  homes. They also stress the importance of obtaining a letter of pre-approval rather than of pre-qualification.  Although many homebuyers use these two terms interchangeably, there are significant differences between the two.  Simply stated, pre-qualification lets sellers know that a prospective buyer of their home is likely to qualify for a loan, whereas pre-approval, although not an absolute guarantee, indicates that a loan officer has determined a borrower is credit-worthy and financially able to qualify for a certain loan.

The advantages of searching for a Montgomery AL  home with evidence of pre-approval in hand are many.  In essence, they include the following:

  • Mortgage preapproval is going to tell you exactly how much money you can borrow. This way, you will know how much your mortgage payment is going to be ahead of time.
  • You won’t waste time (or be sorely disappointed) by looking at houses you can’t afford.
  • Sellers and Realtors will take you seriously.  They are much more comfortable with the certainty that you can obtain a loan (and that the deal won’t fall through), and thus may be more willing to negotiate.
  • Once you find a home, the mortgage process can proceed more quickly because your lender will already have.

Although lender requirements for pre-approval may vary somewhat, be prepared to supply the following information:

  • Purchase Agreement
  • Social Security Number and Date of Birth
  • W-2/1040 Forms
  • Recent pay stubs
  • Bank account statements
  • Credit card statements
  • Debts and liabilities
  • Mortgage or rental histories
  • Investment properties
  • Employers
  • Asset statements
  • Personal property
  • Current and previous statements

Supplying all this information may seem like a time-consuming process, but in the end of your house-hunting journey, you’ll be glad you did it!

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.

 

Add Comment

Montgomery AL Foreclosure Trends - August 2012

Saturday, October 6, 2012
by The Hat Team

There were 792 Montgomery AL foreclosure homes for sale with 1 in every 1,295 housing units receiving a foreclosure filing in August 2012. The average selling price of a Montgomery AL home was $90,545 and the average foreclosure selling price was $81,953, a $8,611 savings according to RealtyTrac.com.

Montgomery AL Foreclosure Activity and 30 Year Interest Rate

Montgomery interest rates averaged 3.60% in August while the number of foreclosed homes dropped from 104 to 76.

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 0.07% lower than national statistics, 0.01% lower than Alabama and 0.01% higher than Montgomery County statistics in August 2012.

montgomery al foreclosure 

Montgomery AL Foreclosure Activity by Month

The number of Bank-Owned properties decreased from 66 homes in July to 18 in August. The number of Auctions rose from 38 to 55. There is a 6-month falling 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.

 

Add Comment

Midtown Montgomery Market Trends - Sept 2012

Sunday, September 30, 2012
by The Hat Team

With the Presidential election just around the corner, it is time to look at what effect both President Obama and Mitt Romney have on real estate.

A second Obama term could provide homeowners and real estate investors:

  • President Obama supports extending homebuyer credit to those interested in purchasing their first home.
  • The Obama administration has consistently vouched for mortgage debt relief. While the evaluation of economic observers remain mixed, the Making Home Affordable Program (MHA) offers support for mortgage payment in addition to relief for those facing foreclosure and underwater mortgages.
  • The reduction of interest rates under President Obama has made borrowing and loans easier to sustain, which could spell positive ramifications for those who handle their mortgages with prudence.

Mitt Romney as president could provide boons to homeowners and property investors:

  • Mitt Romney has frequently been critical of lowered interest rates. Increasing interest rates would prove a blessing for homebuyers with a high volume of personal investments.
  • Mitt Romney broadly endorses rolling back government programs like MHA and encouraging the capital back into the private sector. Those who advocate this position (like his recently confirmed running mate) point to it as a means of stimulating the economy and overall curtailing the recession.
  • Those who hold faith in government-exempt solutions to lifting the economic quagmire will likely take heart with Romney’s favoring of cutting targeted programs like debt relief and housing loans, and letting the private sector economic gears turn unaltered.

Whoever ends up occupying the oval office come 2013 will quickly be forced to address our national property concerns.

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

Midtown Montgomery real estate sales statistics for August show the number of homes sold decreased by 14% when compared to August 2011. The average sales price decreased by 11% to $100,084 during the same period. The median sales prices decreased by 10%, and market times decreased by 13% or 16 days.  The highest selling home price decreased by 24%, and the lowest selling home price decreased by 33%.

Midtown Montgomery Aug 2012 Aug 2011
Homes Sold 25 29
Average Selling Price $ 100,084 $ 112,293
Median Selling Price $ 85,000 $ 94,000
Days On The Market 106 122
Highest Selling Price $ 352,000 $ 465,000
Lowest Selling Price $ 8,000 $12,000


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.

 

Add Comment

Displaying blog entries 621-630 of 759

Syndication

Categories

Archives

   cdpe    crsHat Lady on Zillow