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Montgomery AL Real Estate For Sale: 1948 Graham St

Wednesday, February 4, 2015
by The Hat Team

Montgomery AL Home for Sale:

1948 Graham St – Montgomery, AL 36106
MLS# 315039

If you can be patient, you can own this sweet cottage on a sought after street for a lot less than you'd expect! Desirable open-space floorplan created in 2005 total restoration, which included foundation repair according to structural engineer plan. Master bedroom boasts walk-in closet, luxury bath. Detached building has heat/cool pump which makes it ideal for a home office or studio. Short sale so be prepared for a wait--it'll be worth it!

Marketed by Montgomery Alabama Realtor, Sandra Nickel Hat Team.

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Montgomery, AL Home For Sale: 1919 Norman Bridge Ct

Tuesday, February 3, 2015
by The Hat Team

Montgomery, AL Home For Sale:  

1919 Norman Bridge Ct Montgomery, AL 36104​
MLS# 314979

Great Family Home!

1919 Norman Bridge Ct

Tucked away on a quiet cul-de-sac in the Garden District, sits this cute white brick house that is a lot bigger than it appears. Check out the hard wood floors, master suite and sunroom plus two more bedrooms and a bath upstairs. With a little TLC this house would make a great home for your family. Walking distance to restaurants, shopping and entertainment.

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

 

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Montgomery AL Home For Sale: 2737 Chevy Chase Dr

Thursday, January 29, 2015
by The Hat Team

Montgomery, AL Home For Sale:  

2737 Chevy Chase Dr – Montgomery, AL 36107
MLS# 314895

Great Starter Home!


Great starter home or PERFECT addition to your investment portfolio! recent updates include paint, updates in kitchen, and creation of laundry room, accessible from the interior. Quiet cul-de-sac is so conveniently located to shopping, dining, and the interstate/downtown area. Hardwood floors throughout (except kitchen) are a plus! Carport means your vehicle is protected from elements, and you don't have to deal with getting wet in the he rain!

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

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Montgomery AL Home For Sale: 8206 Lochwood Dr

Thursday, January 29, 2015
by The Hat Team

Montgomery, AL Home For Sale:  

8206 Lochwood Dr  Montgomery, AL 36117
MLS# 314870

Great Location & Features!

Come take a look at this wonderful home in Halcyon Meadows. Convenient to Eastchase and the interstate, and literally walking distance to Halcyon Elementary (and zoned for the new Park Crossing high school!) This split floor plan design is great for families, and the living room even has a built-in armoire! Custom plantation shutters in most rooms. Back patio is covered for shady outdoor living, and there is a large detached storage building out back. Best price in Halcyon Meadows, so don't let this one get away!

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

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Midtown Montgomery Real Estate Market Trends for Dec 2014

Thursday, January 22, 2015
by The Hat Team

2015 is off to a great start for home buyers according to an executive order announced last week authorizing FHA to cut .5 percent from the annual mortgage insurance premium for the FHA backed loans with terms greater than 15 years.  For most FHA loans this will reduce the annual premium from 1.35 percent of the loan balance to .85 percent. Loans with balances above the loan limits in effect in most areas and with current MIP of 1.50 to 1.55 percent will see new premiums of 1.00 or 1.05 percent respectively. The upfront premium for all loans will remain unchanged at 1.75 percent.

Borrowers with FHA-insured loans can refinance and obtain the lower annual MIP, as long as the original endorsement was after May 31, 2009 (Older loans have a lower annual MIP. The annual MIP was increased from 0.55% to 0.90% in October 2010, to 1.15% in April 2011, to 1.25% in April 2012, and to 1.35% in April 2013 for borrowers with less than 5% down.)  

Take a look at December’s real estate sales statistics.

December 2014 Midtown Montgomery Real Estate Market Update

Midtown Montgomery real estate sales statistics for December 2014, show the number of homes sold decreased by 17.24% when compared to December 2013. The average sales price increased by 58% to $136,785 for the month. The median sales prices decreased by 4.55% to $105,000, and market times decreased by 17 days.  The highest selling price decreased by 10.96%, and the lowest selling home price increased by 16.88% compared to $9,000 from December 2013.

Midtown Montgomery  December 2014  December 2013
Homes Sold 24 29
Average Selling Price $136,785 $135,399
Median Selling Price $105,000 $110,000
Days On The Market 135 152
Highest Selling Price $455,000 $511,000
Lowest Selling Price $9,000 $7,700

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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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.

Interested in buying a bank-owned home. Get bank-owned listings alerts FREE!

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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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