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Montgomery AL Foreclosure Trends - Sept 2011

Wednesday, November 2, 2011
by The Hat Team

There were 973 Montgomery AL foreclosure homes for sale with 95 new foreclosures in Sept 2011. The average selling price of a Montgomery AL home was $129,586 and the average foreclosure selling price was $59,568, a $70,018 savings, according to RealtyTrac.com.

Montgomery AL Foreclosure Activity and 30 Year Interest Rate

Montgomery interest rates averaged 4.11% in September while the number of foreclosed homes increased from 80 in August to 95 in September.

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. 0.03% higher than Alabama and the same as Montgomery County statistics for the month of September.

montgomery al foreclosure

 

Montgomery AL Foreclosure Activity by Month

The number of Bank-Owned properties decreased from 55 homes in August to 53 in September. The number of Auctions increased from 25 to 42. 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.

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

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Midtown Montgomery Real Estate Trends - Sept 2011

Friday, October 28, 2011
by The Hat Team

A buyer purchasing a typical American home at the prevailing average mortgage rate today would have a mortgage payment of  $698 a month. This figure is not much different from what a home buyer would have faced 30 years ago. In 1981, home prices were much lower but mortgage rates were reaching 18 percent. Today, home prices have come down by about 33 percent on average from the bubble years, but prices still remain comfortably higher than those of the 1980s. However, thanks to record low mortgage rates, the monthly payment obligations have been greatly reduced. This should be good news and bring new buyers into the market. However, very tight underwriting standards, unfortunately, are keeping some good, hard-working Americans from taking advantage of the super affordable conditions.

Now take a look at how the Midtown Montgomery real estate market performed in September.

Midtown Montgomery real estate sales statistics for September show the average sales price decreased by 14% to $143,362 when compared to September 2010.  The number of homes sold decreased by 4% in September 2011.  The median sales prices decreased by 5%, and market times increased 25% or 45 days.  The highest selling home price decreased by 7%, and the lowest selling home price decreased by 99%.

Midtown Montgomery September 2011 September 2010
Homes Sold 24 25
Average Selling Price $ 143,362 $ 166,118
Median Selling Price $ 130,500 $ 137,000
Days On The Market 179 134
Highest Selling Price $ 425,000 $ 455,000
Lowest Selling Price $ 1 $ 6,000

For the latest Midtown Montgomery real estate market conditions in your area, please call me at 800-HAT-LADY or visit HomesForSaleInMontgomeryAlabama.com.

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.

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.

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Tips for Cleaning Up The Clutter

Friday, October 14, 2011
by The Hat Team

Why? How? What? Where?

Let’s start with the why? The most common incentive to clear away clutter occurs when you’re selling your Montgomery AL real estate and want to stage it for prospective buyers. Real estate agents will tell you that clutter-filled, disorganized homes appear smaller, and every website offering tips for a fast sale includes--and stresses- the need to show a clutter-free home. Another postitsstrong reason for eliminating clutter is to lower the stress in your life by having everything in its place ((how nice it would be not to spend valuable time and energy looking through clutter for misplaced items!) and returning home to a serene and neatly organized setting. (Polls and studies have shown that physical surroundings do indeed affect one’s level of stress. ) Other mess-removing motivators include selling unused items to bring in extra money, donating still-good items to people who need them, and joining the green movement by recycling unwanted possessions.

How to begin such a daunting task?

All “experts” in the field strongly advise tackling the job in small steps. Begin with one room at a time, play soothing music, and allocate 20 to 30 minutes a day to the job. Bring to each room boxes or bins labeled keep, toss, donate, and recycle. Be ruthless!! If you haven’t used an item in the past year, remove it from your Montgomery AL real estate. (Hint: also check expiration dates on foodstuffs when you de-clutter the kitchen.) Assess your storage capacity and discard accordingly.

What should you dispose of?

The most obvious clutter creators seem to be mail, clothing, newspapers and magazines, documents, books, and home décor accessories. Think, too, about furniture, baby items, food, toiletries, appliances, bedding, electronics, and hardware. Have you heard about the “80/20 rule”? It is generally believed that you can safely let go of 80% of the papers you’ve kept.

Where should your unneeded/unwanted treasures go?

For many of them, the answer is, of course, the trash. (You can easily arrange for bulk pickup for large items.) Others may be candidates for recycling. Perhaps you can list some of them under the Free tab on Craig list or search nearly 5000 groups who use discarded materials.

Ask around your community for organizations which would welcome used books and toys--libraries, hospitals, nursery schools, churches. Give old magazines to doctors’ offices. Lions Club groups collect old eyeglasses, and many organizations eagerly accept working but unwanted cell phones. There are innumerable websites which suggest new homes for your discards. Try RecycleNow.com or Earth911.com (supplies locations of local charities by zip code). Many organizations such as Goodwill Industries, Salvation Army, and Disabled Veterans, have handy drop-off boxes or centers or will come to your Montgomery AL real estate location for pickup. (Extra bonus: in addition to the joy of giving to others, you may also receive a tax deduction for your contributions.)

The fact that much of our clutter reflects our memories, values, and achievements makes it difficult to let go of it, but with strong motivation, resolve, and continued effort, you can free yourself of accumulated “stuff”, give yourself extra time, money, and energy, and lessen your stress level while enhancing the lives of others. How to keep your home this way? That’s another article!

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.

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

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Montgomery AL Foreclosure Update

Saturday, October 8, 2011
by The Hat Team

“Foreclosure litigation is on the rise as borrowers are increasingly challenging foreclosures because mortgagees continue to struggle proving mortgage ownership,” says MortgageDaily.com’s partner Pat McManemin. “Repurchase and secondary market litigation is also increasing as institutions fight over responsibility for the substantial losses suffered by the holders of these loans.”

Foreclosure timelines have soared over the past year, with the average loan in foreclosure having been delinquent for a record 587 days as of June, according to Lender Processing Servicers. Slower processing has increased inventories of foreclosureforeclosures, both listings and “shadow” inventories, in markets across the nation. Concern over litigation is often cited as a contributing factor increasing the time it takes to process a foreclosure.

Short sale transactions of Montgomery AL foreclosures have long been problematic for buyers and sellers alike, with typical approval times of several months after a homebuyer first submits an offer. Factors slowing down short sale approvals and causing short sales to be less popular with first-time buyers include lost paperwork, coordination with multiple investors, slow appraisals, and mortgage servicer understaffing.

Because millions of homeowners share a feeling of helplessness, not knowing where they stand with their bank and not understanding the foreclosure process, a new resource called the Foreclosure Defense Academy aims to rescue these homeowners from their information abyss.  The assistance began with an educational webinar on Sept. 22 – 24, when viewers learned learn how to navigate their own foreclosure situation even without legal representation.

Topics covered in this online event included the securitization of loans and how it effects over 60 million mortgages today and explanations of how homeowners can navigate the foreclosure process to level the playing field with their bank. For homeowners of Montgomery AL real estate currently working with legal representation, the webinars helped them become an active participant in the process.

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.

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

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Montgomery Real Estate For Sale: 3386 Lexington Road Montgomery Al

Friday, October 7, 2011
by The Hat Team

Montgomery Real Estate For Sale: 3386 Lexington Road Montgomery Al 36106

MLS#277076

Live Downstairs Rent Upstairs! She needs some lipstick and rouge, a little spackle and some eyeliner to be a very nice 3 bedroom 1 bath single family residence with a 2 bedroom 1 bath income producing apartment upstairs.  Or for the ambitious investor, a great duplex in a historically designated neighborhood with architectural controls.  Either way, this one is priced too good to pass up!  Call today to schedule an appointment to view this deal in Cloverdale. "Property to be sold as is."

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.

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

 

 

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Montgomery Real Estate For Sale: 1458 S Perry Street Montgomery, AL 36104

Friday, October 7, 2011
by The Hat Team

Montgomery Real Estate For Sale:1458 S Perry Street Montgomery, AL

MLS #269344

 

Grace and grandeur await you here. And thanks to a tireless, old-house-loving owner, every room has been renovated but with respect for history. From the breathtaking front entry hall to the immense master bath, every space welcomes you to make this elegant house your next home. And its location on an entire block of estate-sized properties guarantees your investment will pay dividends one day. One more bonus: if you're a crafter, a do-it-yourselfer or just have tons of stuff to store, over 1000 sq ft of partially finished basement will meet your need for extra usable space. Pre-inspected so be sure to click on photo for a look at the gorgeous interior and to review inspection and other information.

Learn more about 1458 S Perry Street and other Montgomery Real Estate by visiting HatTeam.com.

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.

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

 

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Montgomery AL Foreclosure Trends - August 2011

Thursday, September 29, 2011
by The Hat Team

There were 1,008 Montgomery AL foreclosure homes for sale with 80 new foreclosures in August 2011. The average selling price of a Montgomery AL home was $152,124 and the average foreclosure selling price was $82,798, a $69,326 savings, according to RealtyTrac.com.

Montgomery AL Foreclosure Activity and 30 Year Interest Rate

Montgomery interest rates averaged 4.27% in August while the number of foreclosed homes decreased from 92 in July to 80 in August.

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 0.10% lower than national statistics. 0.02% higher than Alabama and the same as Montgomery County statistics for the month of August.

montgomery al foreclosure

Montgomery AL Foreclosure Activity by Month

The number of Bank-Owned properties decreased from 68 homes in July to 55 in August. The number of Auctions increased from 24 to 25. 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.

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

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Questions To Ask Before Buying Montgomery AL Real Estate

Friday, September 16, 2011
by The Hat Team

So your life circumstances indicate that now is the time for you to buy a piece of Montgomery AL real estate. Perhaps this will be your first home or you need a larger space to accommodate a growing family. You may be in search of a better school district or be forced to move because of your job. Whatever the reason for your housing search, there are four basic areas you need to investigate and specific questions you should ask before making a final decision on any house.

WISH LIST:

Before you actually tour any Montgomery AL real estate, you should determine exactly what you are looking for by asking yourself (and your family members) questions such as “What type of house do I want”? How much space will I need? What type of community and amenities are important to me? How much can I realistically afford to pay?

LOCATION:

Once you have narrowed down your neighborhood choices, do further exploration of these locations by asking about zoning, since apartments and commercial/industrial buildings lower the real estate value of homes. Is the appearance of the community appealing? Does the school district have a good reputation/rating? What about noise? Consider nuisance factors such as traffic sounds, barking dogs, railroad tracks, etc.--anything that will disturb or annoy you on a recurring basis. Ask, too, about property easements, commuting time to and from work, and demographics. Will you be the only family with young children or the sole 50+ resident in the neighborhood?

CONDITION OF THE MONTGOMERY AL REAL ESTATEquestion mark:

In order to determine and structural or maintenance issues, ask about the age of the house, roof, and appliances. What kind of foundation and insulation does the home have? If you’re looking at an older property, ask if the plumbing and electrical systems have been updated. Has the house been inspected or appraised recently, and, if so, were any problems documented? Will the exterior of the residence require annual maintenance?

COST:

Asking the right questions in this area is extremely helpful in determining your offer on the Montgomery AL real estate. Inquiring about neighboring comps, what the seller paid, and how much he owes will give you an idea of the rise/fall of nearby prices and alert you to possible short sale or foreclosure status. Ask how long the house has been on the market and if there have been any offers; perhaps the seller will be willing to negotiate price or offer incentives. Addition inquiries should be made re: the cost of insurance and property taxes on the property and the amount of any homeowners’ association fees.

Arming yourself with answers to questions such as these should help you make an educated decision as to whether or not a particular piece of Montgomery AL real estate is for you.

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.

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

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Montgomery Real Estate For Sale: 41 Mountain Terrace Wetumpka, AL 36093

Wednesday, September 14, 2011
by The Hat Team

Montgomery Real Estate For Sale: 41 Mountain Terrace Wetumpka, AL 36093

MLS#287212 

This immaculate home was built as a "Parade of Homes" model and boy does it come loaded with extras! Situated on an oversized lot in a pristine private neighborhood atop Redland, yet minutes away from daily conveniences. From the impressive foyer, you have full view of the exquisite formal dining room with its extensive molding as well as the living /great room with fireplace, built-in entertainment center, and faux finished walls. If entertaining is your thing (or you just like open floor plans) then you are sure to appreciate the chef's delight kitchen with custom cabinets, and tons of "extras". The split plan has a large master suite on one end (off kitchen) and three more bedrooms with jack-and-jill baths on the opposite end of the house, allowing much privacy! Enjoy morning coffee or afternoon drinks on the covered back patio. Rear yard large enough for pool if that's your thing, and perfectly pretty as it is. Oversized garage has attached storage room with double doors for riding mover, and attic above garage provides tons of floored storage. Don't miss this rare opportunity to live in Mountain Terrace!

Learn more about 41 Mountain Terrace and other Montgomery Real Estate by visiting HatTeam.com. 

Search all Montgomery Real Estate and homes for sale.

 

 

 

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Tips For Maintaining The Appliances In Your Montgomery AL Home

Friday, September 9, 2011
by The Hat Team

The average homeowner has thousands of dollars invested in major appliances, so it makes good sense to operate and maintain them properly to protect your investment and ensure that they will provide many years of trouble-free service. As an added bonus, proper maintenance and use almost always results in a decreased consumption of electricity/gas in your Montgomery AL home.

soapThe following suggestions are helpful tips in appliance care:

REFRIGERATOR:

  • Clean cooling coils which are located at floor level with a coil brush once or twice a year.
  • Clean interior shelves and gaskets every three months
  • Keep the temperature at 37 degrees
  • Check to see if the door(s) is sealing properly. If it won’t hold a dollar bill in place, it isn’t.
  • Vacuum underneath and behind the unit every year or two.

DISHWASHER:

  • Regularly check the filter and clean the inside of the unit.
  • Occasionally run an empty cycle to clear inner workings and hoses. Other, run only with a full load.
  • Run the garbage disposal in your Montgomery AL home before running the dishwasher.
  • Let dishes air dry whenever possible.
  • Make certain that the dishes do not obstruct the rotating arm sprays.
  • Recoat rust spots with a rubber-like fluid found in hardware stores. In addition, replace broken rollers and insert replacement tips on damages vertical prongs.
  • Reopen clogged holes in spray arms with hot vinegar and a safety pin.

WASHING MACHINE:

  • Check resiliency of older rubber hoses and replace with metal ones if necessary.
  • Add detergent before you load the washer.
  • Make sure there is a clear path from the unit to the floor drain.

DRYER:

  • Clean lint trap after each load.
  • Use a dry paint brush to clean lint from corners and cracks in the unit’s interior annually.
  • Disconnect and thoroughly clean the duct pipe every three to five years.
  • Once a year clean the outside of the exhaust tubing.

STOVE:

  • Keep reflector bowls clean at all times.
  • Test the seals on the oven door with the dollar bill trick mentioned above.
  • Periodically check the exhaust fan in your Montgomery AL home for grease build-up.

GARBAGE DISPOSAL:

  • Run the disposal for 30 seconds with each use.
  • Always run cold water when using the disposal to maintain the integrity of the blades and coagulate any grease (thus making it easier to chop)
  • Continue to run water for a while after the unit is shut off.
  • Put larger amounts of food into the garbage rather than down the drain.
  • Occasionally add vinegar or citrus peels to deodorize and prevent buildup of food particles.

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.

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

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