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Montgomery AL Foreclosure Trends for December 2014

Friday, January 16, 2015
by The Hat Team

In December, the number of properties that received a foreclosure filing in Montgomery, AL was 39% lower than the previous month and 56% lower than the same time last year, according to RealtyTrac.com.

Montgomery AL Foreclosure Status Distribution

The current distribution of foreclosures based on the number of active foreclosure homes in Montgomery, AL.

Auctions accounted for 67.3% of foreclosure activity in December 2014 and Bank-owned properties accounted for 32.7%.

montgomery foreclosure

Montgomery AL Foreclosure Activity by Month

The number of Bank-Owned properties increased 88.9% compared to the previous month and decreased 66.0% from the previous year in December. The number of Auctions decreased 53.9% compared to the previous month and 49.3% from the previous year.

montgomery fl foreclosure

Montgomery AL Foreclosure Geographical Comparison

Montgomery AL foreclosure activity was 0.04% lower than national statistics, the same as Alabama numbers and the same as Montgomery County statistics in December 2014.

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.

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Reducing Interest Expense

Wednesday, January 14, 2015
by The Hat Team

0% financing has induced car buyers into taking the plunge because it doesn’t cost anything to use someone else’s money.  While mortgage rates are not at zero, they’re close enough that many buyers are applying similar logic.

value of debt-free homeQualified mortgage interest is deductible on taxpayers' returns subject to the maximum acquisition debt of one million dollars.  For the fortunate homeowners who have paid off their mortgage, their acquisition debt was reduced to zero and only the interest on a maximum home equity debt of $100,000 is deductible.

If you have to pay interest, deductible interest is preferable because it reduces your actual cost.

Consider the following example of a taxpayer with a $500,000 debt-free home.  If they did an 80% cash-out refinance of $400,000, $100,000 would be considered home equity debt and the interest on that would be deductible on their income tax.  The other $300,000 of debt is considered personal debt and the interest is not deductible.

However, because the rates are currently so low, the loss of deductibility of the interest doesn’t have as much impact as if the rates were higher.  The key is to have a good purpose for the money that would offset the actual cost of the interest.

Paying off a higher rate debt such as credit cards, student loans, possibly, business debt could all have significantly higher interest rates.  Refinancing a home and eliminating debts like these could be a big savings.

All lenders are not the same.  Call for a recommendation of a trusted mortgage professional.

Information courtesy of Montgomery Real Estate Experts Sandra Nickel Hat Team!

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Montgomery AL Home for Sale: 1557 College Ct

Tuesday, January 13, 2015
by The Hat Team

Montgomery AL Home for Sale:

1557 College Ct, Montgomery AL 36106
MLS# 314390

Rare Opportunity For A Classic Old Cloverdale Cottage!

1557 college ct

Rare opportunity to own a classic Cloverdale cottage on one of the best kept streets Old Cloverdale has to offer!! Walk to Montgomery’s only independent theater, restaurants and hot nightspots. Brick exterior will keep maintenance and upkeep low. Real varnished plank board ceilings will make you feel you are in a spread out of Architectural Digest. The last two homes that sold on this one block cul-de sac were only on the market days!! Painted kitchen floor, vintage light fixtures in bath and iron windows lend to its charm. Private back deck. Fenced yard perfect for children and pets is a blank canvas waiting on your landscape ideas. Be the first to see this wonderful home! Call us or your favorite agent today!

Marketed by Montgomery AL Realtor Sandra Nickel, Sandra Nickel Hat Team REALTORS!

 

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Real Estate Predictions For 2015

Friday, January 9, 2015
by The Hat Team

A new year has begun and it seems to me that time goes faster and faster each day. The economy is predicted to grow around 3% in 2015 and as you can guess that is good news for the real estate business!  The real estate market holds a few more predictions for 2015…

  • 2015Interest rates are still low compared to what they have been in years passed but Freddie Mac is predicting that interest rates will rise above the low 4% they had dipped to in 2014 to up to 5% by the end of 2015.  Still these interest rates are extremely low so if you are in the market for a new house you should go ahead and plan on making a purchase sometime in the year of 2015. 
  • Prices for houses by the end of 2015 are predicted to be a little higher than in years passed but not so high that they won’t still be affordable.  Home appreciation will likely move to 4.5 percent instead of 9.3 percent as in 2014.  It may be that home appreciation will drop to 3 percent by the end of 2015.
  • If building a home is in your plans then you are apparently on target with a lot of other folks. The building of new homes is expected to rise 20 percent from 2014.  If you don’t find the house that fits your every need this coming year on the market, it will be a great year to build it to your own specifications. 
  • Not as many folks will be refinancing in 2015.  As a matter of fact refinances will drop to make up only about 23 percent of single family orientations this coming year.  In 2014 refinances made up roughly more than half of single family orientations. 
  • It will be a bit easier to get a loan for your new home purchase in 2015 as some of the restrictions that were once placed on new home buyers will be eased.  Funding sources will grow for new home buyers in 2015 as well. 

As you can see there is a lot of good news for the real estate market in 2015.  If you are considering buying a home, don’t wait another day longer…get on the phone and call a qualified Real Estate agent today to get you started in the right direction. 

Information courtesy of Montgomery Realtors Sandra Nickel Hat Team!

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Montgomery AL Home for Sale: 2059 Woodley Rd

Monday, January 5, 2015
by The Hat Team

Montgomery AL Home for Sale:

2059 Woodley Rd, Montgomery AL 36111
MLS# 314246

Don’t Pass This One Up!


Don't pass this up - literally! One block south of Huntington and across the street from Edgewood, backing up to Allendale, it's tucked away behind a wall of trees and you would never know it's there. This spacious cottage style house is full of 1920's character and charm with the hard wood floors, high ceilings, transoms, crown molding and plantation shutters. The updated gourmet kitchen with Viking gas range with grill, huge step down den with gas fireplace and French doors to deck, pool and guest cottage make it the perfect setting to entertain family and friends. This traditional yet contemporary home is a rare opportunity for the neighborhood.

Marketed by Montgomery Alabama Realtors, Sandra Nickel Hat Team.

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Montgomery AL Home for Sale: 1815 Highland Ave

Monday, January 5, 2015
by The Hat Team

Montgomery AL Home for Sale:

1815 Highland Ave, Montgomery AL 36107
MLS# 314247

Trouble Free Investment!

1815 highland ave
Old world charm including high ceilings, big rooms and huge windows that provide wonderful natural light. Up-to-date mechanicals for trouble-free ownership. Just-redone modern open concept interiors that will attract and retain quality tenants. Good ones already in place--management, too--so snag this investment now!

Marketed by Montgomery real estate experts Sandra Nickel Hat Team, REALTORS.

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Montgomery AL Home for Sale: 3844 Dalraida Place

Monday, December 29, 2014
by The Hat Team

Montgomery AL Home for Sale:

3844 Dalraida Place, Montgomery AL 36109
MLS# 313493

Tip Top Condition!

3844 dalraida pl

Workshop to die for!! Owner built with intention of staying forever, but new job has him moving to a new city! If Dalraida school district and move in ready are on your check list look no further! Beautiful real hardwood floors through-out! The kitchen in this home has been updated with granite counter-tops and tile backslash. Opening from kitchen to great room gives a very open feeling. Covered area for entertaining just off kitchen and great room. Fenced, level, and private rear yard for family, friends and pets. All in tip top condition by current picky owner, will leave little if anything for you to do except move in and start Living!! Please call us or your agent of choice to see this super clean well laid out home today!

Marketed by Montgomery Real Estate Expert Sandra Nickel Hat Team.

 

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Montgomery AL Home for Sale: 1204 Federal Drive

Friday, December 19, 2014
by The Hat Team

Montgomery AL Home for Sale:

1204 Federal Drive, Montgomery AL 36107
MLS# 313873

Located In Beautiful Montgomery Heights!

1204 federal dr
This well maintained brick home sits on a large corner lot in beautiful Montgomery Heights. Traditional floor plan provides spacious living and dining rooms. Eat-in kitchen has a wonderful built-in banquette table/sitting area, and sports some really cool display shelving for collectibles. Third bedroom (between kitchen and hallway, often called a "swing" room) has original REAL knotty pine paneling, and has most recently been used as a den/TV room. Other bedrooms are well proportioned, and bathrooms are original but retro-cool! Nice patio out back overlooks huge pecan tree, and single carport is accessed off side street for convenience.

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

 

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Seriously? I Want To Sell During the Holidays!

Thursday, December 18, 2014
by The Hat Team

If your home is currently on the market, you may be tempted to take it off during the busy December holiday season that is currently upon us.  I would suggest that you leave your home on the market regardless of what time of year it is and do your best to make sure that it shows better than any of the other houses out there for sale.  Selling your home during the holidays  doesn’t have to be overwhelming.  Here are a few tips for selling your home during the busiest time of the year!

  • christmas treeDecorate your home like you have never decorated it before to make it stand out above all the other homes that are for sale during the holiday season.  You may not feel like doing this because you are most likely ready to move out and get on with your life, but if you take the time to make your home look beautiful for the holidays, it is most likely going to get the attention of several buyers that might not otherwise take a second look at your home.  Be sure to have a few showings during the evenings if your Realtor will agree so that you can show off your awesome light display.
     
  • Have tea or hot cocoa waiting for your potential buyers when they walk through your door for a showing.  You may also want to have holiday music playing throughout your home as well.
     
  • Offer some sort of small gift if your potential buyer is willing to purchase your home during the holiday season.  You can make this gift as small or as elaborate as you wish and may want to gear it towards your buyer’s personality.  Your Realtor will be able to help you know what your buyer likes and what kind of incentive will get their attention. 
     
  • If anything in your home needs updating, you may want to go ahead and make these improvements,  However if you don’t have enough money in your pocket to take care of the holiday for your family and make the updates at the same time, you may want to take that into consideration when setting an asking price.  You don’t have to jump through hoops to sell your home, however you DO want to get the best price you possibly can, so weigh the pros and cons of going ahead and taking care of updating versus lowering your price and then figure out which one works best for you and your family. 

Don’t let the holidays overwhelm you and make you think that you can’t sell your home during this time of year.  There is no reason to take your home off the market in December.  All you need to do is bling out your home like a huge Christmas present and I am sure folks will take notice! 

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

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Being a Good Neighbor

Tuesday, December 16, 2014
by The Hat Team

A good neighbor might be characterized as someone who’ll look after your home when you’re out of town by picking up your mail and watering your plants.  You’d most likely reciprocate for anyone who’d be so generous toward you.

good neighborIn some cases, you might only be able to name one or two of your neighbors who would step up to that level of service.   Wouldn’t it be nice if more people on your street would be happy to make that offer?

The solution may just start with being a better neighbor first.  The following suggestions go a long way to improving your neighborhood and making new friends at the same time.

  • Meet your neighbors and exchange phone numbers and email addresses.  Agree with each other that you’ll let them know if you see something strange going on at their home. 
  • Slow down when driving through the neighborhood; it will make it safer and everyone will appreciate it. 
  • Control your dog: keep it on a leash; pick up after it; don’t let it bark too much.
  • Don’t park in front of your neighbor’s home.
  • Notify your immediate neighbors when you’re having remodeling done and ask them to let you know if any of the contractors cause damage to their property.
  • Let your neighbors know when you’re having a party and that there will be more cars on the street than usual.
  • Maintain your home and yard so that it adds to the beauty of the neighborhood.
  • Put your garbage out for collection on the correct day and bring the containers back in promptly.

In reality, it is fairly obvious; you just have to think of the things that you’d want from your neighbors.  Be friendly; don’t be noisy; offer a helping hand when available and respect each other’s boundaries.  Having a sense of community and that you all share the neighborhood can be underlying principles that will guide your behavior.

A good neighbor would be aware of suspicious activity and would call their neighbors and the police if warranted.  This might be something you can discuss with your neighbors.  Click here for a template to record your immediate neighbor’s contact information and keep readily available if needed.

Information courtesy of Montgomery Realtor Sandra Nickel.

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