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Displaying blog entries 1081-1090 of 1998

Montgomery AL Home for Sale: 1860 Llanfair Road

by The Hat Team

Montgomery AL Home for Sale:

1860 Llanfair Road, Montgomery AL 36106
MLS# 312207

Affordable and Move-in Ready!

1860 llanfair road


With 4 bedrooms, living room and den, your family will have plenty of space in this nicely updated home. Tucked away on a quiet street, you will be amazed at how convenient this location is! Children can walk to Vaughn Road elementary school, or Trinity. Convenient to I-85, you can get almost anywhere in town in a jiffy. Large fenced back yard is pet perfect. Affordable and move-in-ready!

Marketed by Montgomery Real Estate Broker Sandra Nickel, Sandra Nickel Hat Team.

7 Tips For Purchasing The Home Of Your Dreams

by The Hat Team

At a time when there is a shortage of homes for sale in Montgomery, buyers need to give themselves an edge on the competition for their dream home.

home buyer1. Get pre-approved for financing prior to shopping for your dream home. Three to four months before you start shopping for your dream home do some homework. Review your credit scores and take action to clear up any credit discrepancies. Michael Corbett, author of Before You Buy, then recommends getting a bank or mortgage lender to pre-approve your loan. That does not guarantee you will receive a loan, but it shows credibility to the sellers and realtors involved with your potential transaction. It shows you can afford a mortgage for a given amount.

2. Don’t lowball your first offer on a property you really want. In the current market there are often multiple buyers interested in the same property. You may not have a second chance to “sweeten the deal” later. Make sure your Realtor has provided you with comparable property prices that justify your offer. Submit a strong offer the first time.

3. Consider an escalator clause in your offering contract. This is a clause where you agree to increase your offer if a higher offer is received by the seller.

4. Add extra earnest money to your deposit. This signals to the seller that you are really serious. To show your true commitment, consider doubling what the seller has asked for as a deposit.

5. Keep contingencies to a minimum when writing the final contract. Take a good hard look at the property and temper your contingency demands. The more chance there is the deal will not go through due to financing or inspections contingencies, the less inclined the seller will be to accept your offer.

6. Give the gift of time to the seller. Express your willingness to work with the sellers to make the closing timetable convenient to them. Be willing to close on the purchase and lease back to them if their timing is difficult. If you’re bidding on a short sale make it clear you understand the timeframe could be drawn out. Express your patience to work with sellers.

7. Consider using a Realtor to help you find your dream home. Such help can be invaluable, especially when it comes to the details of a contract. Best of all the sellers often pay for the cost of the buyers’ agent through commission split at the closing.

Information courtesy of Montgomery Alabama Realtor Sandra Nickel, Sandra Nickel Hat Team Realtors.

Montgomery AL Home for Sale: 2719 Boykin Place

by The Hat Team

Montgomery AL Home for Sale:

2719 Boykin Place, Montgomery AL 36117
MLS# 306546

One Of THE Best Floor Plans!

2719 boykin place

Uber convenient to everywhere! No matter where you're headed, this home makes it easy. Your new home features lovely, low-maintenance hardwood floors and a huge fenced backyard, large enough for even the biggest dog to play. You'll love the formal living and dining rooms when entertaining, as well as the more relaxed feel of the den. If you're a work-at-home mom or dad, the 4th bedroom can easily be converted into a home office. Call us at (334) 834-1500 for a tour of your new home!

Marketed by Montgomery Real Estate Broker Sandra Nickel, Sandra Nickel Hat Team.

Montgomery AL Foreclosure Trends for July 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.

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

Cash Flow and Equity Build-up

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.

Montgomery AL Home for Sale: 1813 Winona Ave

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.

Montgomery AL Real Estate: 1229 Autumn Ridge Road

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.

Montgomery AL Home for Sale: 521 Chatsworth Drive

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.

Midtown Montgomery Real Estate Market Report for July 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.

Montgomery AL Home for Sale: 1569 College St

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.

Displaying blog entries 1081-1090 of 1998

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