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Displaying blog entries 61-70 of 83

Montgomery AL Foreclosure Trends - July 2013

Friday, August 30, 2013
by The Hat Team

In July, the number of properties that received a foreclosure filing in Montgomery, AL was 96% higher than the previous month and 8% lower than the same time last year, according to RealtyTrac.com.

Montgomery AL Foreclosure Discount

The median sales price of foreclosed homes is $25,991 less than regular homes.

montgomery al foreclosure


Montgomery AL Foreclosure Geographical Comparison

Montgomery AL foreclosure activity was the same as national statistics, 0.04% higher than Alabama and the same as Montgomery County statistics in July 2013.

montgomery al foreclosure

Montgomery AL Foreclosure Activity by Month

The number of Bank-Owned properties increased 100.0% compared to June and dropped 24.2% compared to July 2012. The number of Auctions increased 91.7% compared to June and decreased 21.1% from July 2012.

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.
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Find the "Right" Agent Before the "Right" Home

Thursday, August 29, 2013
by The Hat Team

It’s a common practice for buyers to make a list of what they want in a home during the search process and to explain it to their agent. However, maybe the first list they should make would have the skills they want their agent to have.

what buyers wantThe Profile of Home Buyers and Sellers identifies what buyers want most from their agents and as you’d expect, help with finding the right home was ranked highest most often. While it is important, it may not be the most unique of the desired area of expertise.

Equally essential to the success of the transaction are the combination of help with price and terms negotiations and assistance with the paperwork, comparable sales, qualifying and financing.

To summarize the responses in the survey, Buyers want help from their agents with two things: to find the right home and to get it at the right price and terms. Some agents are actually better equipped with tools and acquired knowledge to assist buyers with financial advice and negotiations.

Since an owner’s cost of housing is dependent on the price paid for the home and financing, a real estate professional skilled in these specialized areas can be invaluable in finding the “right” home. An agent’s experience and connections to allied professionals and service providers is irreplaceable.

Ask the agent representing you to specifically list the tools and talent they have to address these areas.

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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Get Regular Check-ups!

Thursday, August 22, 2013
by The Hat Team

Following his heart surgery last week, after an issue was discovered during his annual physical, President George W. Bush encouraged everyone to get regular check-ups. 

 

doctorAnother important checkup that should be done on a regular basis and can be just as beneficial for your finances is an annual homeowner advisory. Why would you treat your investment in your home with less care than you treat your car or even your HVAC system?

Consider investigating the following:

• Know the value of your home by obtaining a list of comparable sales in your immediate area as well as what is currently on the market for sale.

• Have you compared your assessed value for tax purposes to the fair market value in order to possibly reduce your property taxes?

• Even if you’ve refinanced in the last two years, can you save money and recapture the cost of refinancing in the time you plan to remain in your home?

• Have you considered reducing your mortgage debt with low-earning cash reserves that will not be needed in the near future?

• Have you considered investing in rental homes in good neighborhoods to increase your yields and avoid the volatility of the stock market?

• Recommendations of repairmen and other service providers from a trusted source who deals with them more frequently than you do.

Our goal is to create a lifelong relationship to help you be better homeowners. We want to be your “go to” person whenever you have a real estate question. We want to help you not only when you buy and sell but all of the years in between.

We want to provide good, consumer-based information about homeownership on a regular basis through email and social networking. If it benefits you by helping you be a better homeowner, hopefully, you’ll consider us your real estate professional for life.

Anytime you or your friends need help, please call. Knowing where to get the answer is just as important as knowing the answer. If you’d like information on any of the items we suggested, please let us know.

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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How the Death Of a Spouse Effects Your Mortgage

Thursday, August 15, 2013
by The Hat Team

The death of one partner in a marriage can have significant consequences for a mortgage on a Montgomery AL home.  Exactly what effect it has will depend on whether it is a single or joint mortgage, what balance remains on the mortgage, and other debts and assets of the deceased.

  • mortgageIn the case of a couple having a joint mortgage, the death of one spouse will simply mean the other spouse becomes the sole mortgage-holder. As long as she can continue making the payments, the property will be unaffected.  Federal law prohibits the lender from calling the entire mortgage due because one spouse has passed away.
     
  • If the mortgage is only in the name of the deceased and she had more assets than debts, then the state will pay off the mortgage as part of the probate process. The worst-case scenario is that the house may have to be sold to pay the mortgage off if there aren’t enough other assets to cover the outstanding amount. However, when there is no will and assets are distributed to heirs according to the intestacy laws of the state, the surviving spouse is always one of the first in line to receive the remainder of the deceased’s assets after debts, taxes, and funeral expenses are paid. If the mortgage can be paid off through other assets, in many cases, the spouse would receive the paid-off  Montgomery AL home as his share of the estate.
     
  • If the surviving spouse sells the house within two years of the death, has not remarried prior to the sale, and meets required conditions, she has the right to exclude up to $500,000 of her profit from the transaction.  For further information read US Government Publication 523.
     
  • If the surviving and now sole-owner of the Montgomery AL home realizes he is not going to be able to continue make mortgage payments for a long period of time, he may want to look into a reverse mortgage.  A reverse mortgage is a loan for senior homeowners that uses a portion of the home’s equity as collateral.  The loan generally does not have to be repaid until the last surviving homeowner permanently moves out of the property or passes away. At that time, the estate has approximately 6 months to repay the balance of the reverse mortgage or sell the home to pay off the balance.

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 Real Estate: 1314 S Hull St

Tuesday, August 6, 2013
by The Hat Team

Montgomery AL Real Estate:

1314 S Hull St, Montgomery AL 36104
MLS# 303305

No More Student Loan Debt!

1314 S Hull St Montgomery AL

Grab this Garden District triplex as an owner occupant and you can move in for  as little as 3.5% down and payments so low your rents will more than cover them.  So YOU live rent-free and use your hard earned money for going to school!  What’s more, you’ll be building equity and developing the all-important skill of thinking like an entrepreneur!  Just reduced over $20,000 so call now.

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 Real Estate For Sale: 404 S Holt St

Friday, August 2, 2013
by The Hat Team

Montgomery AL Real Estate For Sale:

404 S Holt St, Montgomery AL 36104
MLS# 303267

A Lot Of House For the Money!


404 S Holt St Montgomery AL

Here is your opportunity to own a home built in the 1800's, with updated features. Most recently used as a state sponsored group home, this structure retains its original floor plan with large rooms and high ceilings. Because of its recent use, the systems have all been upgraded to meet code. A LOT of house for the money.

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

How To Be a Competitive First-time Home Buyer

Friday, August 2, 2013
by The Hat Team

Five years ago first-time buyers had a glut of properties from which to choose, little competition, and plenty of leverage when it came to submitting offers.

No longer so. The housing inventory is down sharply, bidding wars abound, investors are pouring money back into house keyreal estate, and sellers are far more likely to accept those fast-moving cash deals than one involving an FHA loan, the preference of many first time purchasers of Montgomery AL homes.

The number of first-time buyers of Montgomery AL homes is shrinking.  New home buyers made just 34.7 percent of all purchases in October, the lowest since September 2009. Three years ago, first-time borrowers were 47 percent of all buyers, motivated at the time in part by a tax credit.

First-time homeowners, who typically buy lower-priced homes and need extra financing, are losing out as the market shifts from distressed properties, such as foreclosures. Distressed sales, which usually cost less, were almost half of all of purchases a year ago, but now they’re just over a third of sales. At the same time, prices for all existing homes have been rising—prices were up 4.4 percent in September over the previous year, according to the Federal Housing Finance Agency—making homes less affordable for first-time buyers.

According to a summer survey by The Wall Street Journal, the decrease in supply and the increase in multiple offer situations is both surprising and frustrating to buyers. More than one-quarter of potential purchasers said they would stand back from the market if prices went up or they were in a multiple-offer situation.  The survey also found that 16% of first-time purchasers of Montgomery AL homes were worried about bidding wars and that 21% were concerned about prices rising beyond what they could afford.

So what can a first-time buyer do to compete?  Here are some suggestions:

  • Broaden the search, even just a little.  Expect to compromise on size, location,features, etc.
  • Be prepared to act very quickly when a good property comes along.
  • Shop around for financing other than FHA loans. There are conventional loans that require just 5 percent down, and sellers will view them as more financially stable.
  • Seek a lender that can process the loan quickly. Look into working with a community bank or a local mortgage banker who can meet your needs in a timely manner.

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: 3547 Southmont Dr

Wednesday, July 31, 2013
by The Hat Team

Montgomery AL Real Estate:

3547 Southmont Dr, Montgomery AL 36105
MLS# 303136

Opportunity To Score A Bargain!


3547 southmont dr montgomery al

Perfect opportunity to score a bargain and stop paying rent. This home has been loved by the same owner for the past 38 years. There's plenty of living space to spread out, a huge backyard for the kids to play in and a two car garage that has been converted to a workshop for all your tools or just use for storage. This is a lot of house for the money, come see for yourself 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.

Add Comment

Montgomery AL Foreclosure Trends - June 2013

Sunday, July 28, 2013
by The Hat Team

In June, the number of properties that received a foreclosure filing in Montgomery, AL was 66% lower than the previous month and 54% lower than the same time last year, according to RealtyTrac.com.

Montgomery AL Foreclosure Activity and 30 Year Interest Rate

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 0.05% lower than national statistics, 0.01% higher than Alabama and the same as Montgomery County statistics in June 2013.

montgomery al foreclosure

Montgomery AL Foreclosure Activity by Month

The number of Bank-Owned properties declines 75.0% compared to May and decreased 28.6% compared to June 2012. The number of Auctions decreased 44.2% compared to May and 66.2% from June 2012.

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: 6716 Greenbrook Dr

Thursday, July 25, 2013
by The Hat Team

Montgomery AL Real Estate:

6716 Greenbrook Dr, Montgomery AL 36117
MLS# 302970

Incredible Eastside Value!

6716 greenbrook dr


Incredible Eastside value!! Maintained and loved by one owner for the past 27 years, ready for a new family. Need 2 main bedroom suites with one on the main level? Want an updated kitchen with hard surface counter-tops , floors and pull out food storage? Need interesting architectural details? Want a double garage and a two car carport? Want an oasis for a backyard with pool and covered patio? Fireplace in living area for cozy nights as well as sun-room off living for sunny days! Fully fenced yard, ready for children and pets. New energy efficient windows will save lots of dollars and keep you comfortable in any season. It's time for this owner to downsize and you have the rare opportunity to make it yours. Call to see this well-kept home 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.

Add Comment

Displaying blog entries 61-70 of 83

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