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Displaying blog entries 1081-1090 of 1998

Montgomery AL Foreclosure Trends for July 2014

Friday, September 5, 2014
by The Hat Team

In July, the number of properties that received a foreclosure filing in Montgomery, AL was 44% lower than the previous month and 44% 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 57.4% of foreclosure activity in July 2014 and Bank-owned properties accounted for 42.6%.

montgomery al foreclosure

Montgomery AL Foreclosure Activity by Month

The number of Bank-Owned properties decreased 41.0% compared to the previous month and 54.0% from the previous year in July. The number of Auctions decreased 46.6% compared to the previous month and 36.6% from the previous year.

montgomery al foreclosure

Montgomery AL Foreclosure Geographical Comparison

Montgomery AL foreclosure activity was 0.02% lower than national statistics, 0.01% higher than Alabama numbers and the same as Montgomery County statistics in July 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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Cash Flow and Equity Build-up

Friday, September 5, 2014
by The Hat Team

Many years ago, Las Vegas hotels would entice customers with inexpensive rooms, meals and entertainment so they would gamble.  It may have worked initially but if you’ve been to Las Vegas recently, the bargains are gone.  Hotels expect each division to be a profit center on its own.  As a consumer, I might not like the changes but as an investor, I’d have to be pleased with increased profitability.

cash flowYears ago, real estate investors used to accept negative cash flow buoyed by tax incentives in hopes of making a big payday due to appreciation when they sold it.   Today’s investors are focusing on tangible, current results like cash flow and equity build-up.

Cash flow is the amount of money you have left over after collecting the rent and paying the expenses.  Since rents have gone up considerably due to supply and demand in the last few years and mortgage rates are at near record lows, income is up and expenses are down, making the cash flows attractive.

If the cash flow is sufficient, you could have a good investment even if the value of the property never increased.  Cash on Cash doesn’t consider appreciation and measures the cash flow before tax advantages by the initial investment.  A rental with $3,170 CFBT divided by an initial investment of $29,000 would generate a 10.93% Cash on Cash rate of return.

Low down payments on investor properties are also a thing of the past.  Non-owner occupied mortgage money is available but the investor should expect to put down 25-30%. An advantage of having a smaller mortgage is a lower payment.

Most mortgages are amortized loans with both principal and interest due with each payment.  The forced savings of the principal contribution builds equity in the property and can be considered a part of the rate of return.

A $100,000 mortgage at 4.5% for 30 years would have $1,613.29 applied to principal in the first year.  Divide that by the same $29,000 initial investment and the amortization would generate another 6%.

Without factoring in appreciation or tax advantages, this rental example generates much more than most alternative investments.  There certainly are many different aspects that affect the risk and return on rental investments.  If you haven’t scrutinized single-family rental opportunities in a while, you should look again.

Information courtesy of Sandra Nickel, Sandra Nickel HatTeam Realtors in Montgomery, Alabama.

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Montgomery AL Home for Sale: 1813 Winona Ave

Thursday, September 4, 2014
by The Hat Team

Montgomery AL Home for Sale:

1813 Winona Ave, Montgomery AL 36107
MLS# 312001

Picture Perfect Restoration!

1813 winona ave
WOW! Impeccable complete and total restoration in historic Capitol Heights! Get the old house charm but absolutely everything is brand new. From the large front porch to the gorgeous hardwood floors, magazine quality kitchen and baths and huge deck overlooking shaded back yard, it's simply picture perfect. Check out this fabulous home today.

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

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Montgomery AL Real Estate: 1229 Autumn Ridge Road

Tuesday, September 2, 2014
by The Hat Team

Montgomery AL Real Estate For Sale:

1229 Autumn Ridge Road, Montgomery AL 36117
MLS# 311881

Neat As A Pin And Ready To Move In!

1229 autumn ridge road
One of the largest plans in Halcyon Summit! This home is well maintained and ready to move into. Popular split design puts master bedroom on one side of the house, and two larger guest rooms on the other side. 4th bedroom could also be study/office/nursery. If you have lots of belongings, or enjoy separate living areas, this might be the floor plan for you with a living room, dining room, and a den/family room off the kitchen. Pretty backyard with mature trees providing shade has covered patio. And, from the covered front porch area, you have a great view of the "lake" and fountain across the street (and peaceful canal runs beside the property!). Neat as a pin, clean, neutral colors, and ready to be YOUR next home.

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

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Montgomery AL Home for Sale: 521 Chatsworth Drive

Tuesday, September 2, 2014
by The Hat Team

Montgomery AL Home for Sale:

521 Chatsworth Drive, Montgomery AL 36109
MLS# 311868

You’ll Be Pleasantly Surprised!

521 chatsworth dr
Desirable Dalraida! This immaculate home doesn't feel like the typical 60's ranch. This one has beautiful hard wood floors (zero carpet!) and a nice open floor plan. The kitchen opens onto a great family room/den, the hall bath has a double vanity and plenty of counter space and the master bedroom has a huge walk-in cedar closet that you won't believe! Have more than one vehicle, then check out the 3 bay attached carport that can double as a covered patio too. Check out this one soon, you'll be pleasantly surprised.

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

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Midtown Montgomery Real Estate Market Report for July 2014

Friday, August 29, 2014
by The Hat Team

Billionaire money manager and founder of The Paulson & Co, John Paulson believes buying a home to live in is the best investment possible.

July 2014 Midtown Montgomery Real Estate Market Update

Midtown Montgomery real estate sales statistics for July 2014, show the number of homes sold increased by 18% when compared to July 2013. The average sales price increased by 11% to $152,134 for the month. The median sales prices increased by 11%, and market times decreased by 89 days.  The highest selling price decreased by 17%, and the lowest selling home price decreased by 43% compared to July 2013.

Midtown Montgomery  July 2014 July 2013
Homes Sold 39 33
Average Selling Price $152,134 $137,013
Median Selling Price $120,000 $107,500
Days On The Market 198 109
Highest Selling Price $637,500 $750,000
Lowest Selling Price $8,500 $14,980

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 Home for Sale: 1569 College St

Thursday, August 28, 2014
by The Hat Team

Montgomery AL Home for Sale:

1569 College St, Montgomery AL 36106
MLS# 311591

Mid-Century At Its Best!


Mid-century contemporary architecture at its best! Completely renovated several years ago to include a gourmet kitchen with slab granite island, modern style cabinetry, stainless steel professional appliances, tongue and grove ceiling, deep stainless sink, Recent $12,000 renovation to master bath that you will not believe! There are 9' and vaulted ceilings in the great room and dining room and two fireplaces. Very open plan ... with walls of glass through-out giving a beautiful private view of the lush landscape. This truly unique home was once the residence of a noted Montgomery architect… you will not find another home like this in the historic district and on a quiet cul-de-sac directly across from Huntingdon. Must see if "Mad Men" modern is what you seek!! If a third bedroom is a must, small den could easily be converted. Call us or your favorite agent for a viewing today!

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

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Montgomery AL Home for Sale: 1551 Gilmer Ave

Thursday, August 28, 2014
by The Hat Team

Montgomery AL Home for Sale:

1551 Gilmer Avenue, Montgomery AL 36104
MLS# 311836

This One Is Special!

As soon as you step onto the wonderful wrap around porch you will know this one is special! From the coffered ceilings to the hardwood floors, you will find spacious charming rooms with plenty of bookcases. The flow of this home makes entertaining a breeze from the living room to the big updated galley kitchen, on through to the relaxing sun porch and out to the deck overlooking a great salt water pool and beautiful private backyard. Come check out this fabulous Craftsman bungalow on one of the Garden District's most desirable blocks.

Marketed by Sandra Nickel, Sandra Nickel REALTORS, Montgomery Alabama.

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Montgomery AL Home for Sale: 629 Cotton Terrace Loop Deatsville

Wednesday, August 27, 2014
by The Hat Team

Montgomery AL Home for Sale:

629 Cotton Terrace Loop Deatsville, AL 36022
MLS# 311798

One Owner & Shows Like New!

629 cotton terrace loop
One owner home!! Shows like new! Single elderly woman has babied this home since day one! Owner added plantation shutters on all windows, enclosed rear patio into sunroom. Added a power garage screen door to garage and added enough plantings that will leave you with a beautiful yard in all seasons. Nice split plan with nice size bedrooms will please most buyers. Living / separate dining. Separate keeping area open to kitchen with gas log fireplace. Double garage and cannot describe the like new condition of this less than 8 year old home. Please give us or your favorite agent a call to see this like new home today!

Marketed by Sandra Nickel, Sandra Nickel REALTORS, Montgomery AL.

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How's Your Memory?

Tuesday, August 26, 2014
by The Hat Team

home inventoryHow old is your bedroom furniture and what did you pay for it?  Don’t know?  That’s okay, let’s try an easier question.  When did you buy the TV in your family room and is it a plasma, LCD or a LED?

Whether you are the victim of a burglary, a fire or a tornado, most people are comforted they have insurance to cover the losses.  However, unless you’ve filed a claim, you may not be familiar with the procedures.

The adjustor will want to know the date and how the loss occurred.  Assuming you have contents coverage, the claim for personal belongings is separate from damage to the home.

You’ll be asked to provide proof of purchase, like receipts or canceled checks, or a current inventory.  If they’re not available, you can reconstruct an inventory from memory.  The challenge is trying to remember things you may not have used for years and may not miss for years more.

Relying on memory can be a very expensive alternative.  A prudent homeowner will create a home inventory with pictures or videos while all of their belongings are in the home and they can see them.

Download a home inventory to make your project a little easier.

Information courtesy of Sandra Nickel, Sandra Nickel Hat Team.

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Displaying blog entries 1081-1090 of 1998

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