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Displaying blog entries 1921-1930 of 1998

Montgomery AL Home For Sale - 3202 S. Hull St.

by The Hat Team
 

What a COOL house! Mid Century modern at it's best! This wonderful and pristine custom home is probably one of the most interesting and fun houses in Montgomery. Unassuming from the exterior, you'll be wowed when you enter and see the living room/dining room with sloped ceiling and wall of floor to ceiling windows and french doors leading to a courtyard style back yard. The galley kitchen has a breakfast bar that could double as a home office/work station. Down the hall is a 2nd bedroom with stunning views of the rear gardens, and a cozy den, also with floor to ceiling french doors and access to the rear. A cool sunroom/breezeway leads to the private master bedroom with it's own bath, walk-in closet, and PRIVATE courtyard with sun deck. Fresh paint inside and out, this one is MOVE-IN-READY! Houses like this just don't become available often, so jump on this so that you can own the "coolest" house in Montgomery!

For more information on this home or other Montgomery real estate, visit our website,
HatTeam.com or give us a call for more personalized service, 800-428-5239.

Top 10 Montgomery Short Sale Questions…Answered

by The Hat Team

Are you in a crunch and considering selling your home by means of a short sale...but have lots of questions? Below are the Top 10 Montgomery Short Sale Questions…Answered

Number 10  I can't make my house payments, but I do have an ability to pay back all or part of the negative equity. Also, I want to preserve my credit score...is a short sale right for me?  

Probably, not. In cases where the seller can pay back all or part of the negative equity (usually to the 2nd lien holder), it makes sense for them to work out a repayment plan. The lender will then release the lien and allow the home to close.

Number 9  If I pay mortgage insurance and default on my loan, why wouldn't that cover the deficiency amount? 

The mortgage insurance is not there for your protection, just the mortgage lender's.

Number 8  Do I have to have my home "Approved" by the lender prior to offering it for sale as a short sale. 

No. Technically speaking there is no such thing as being "Short Sale Approved." The actual approval only happens with an accepted offer.

Number 7  I just missed a payment and I know I will miss more...how long does the foreclosure process take and is there time to do a short sale? 

The foreclosure process takes differing times depending on your state.  In the Midwest a foreclosure can take over a year. In California its taking 6+ months.  Generally speaking a well priced short sale being processed by an educated Montgomery short sale listing agent will sell and close in less than 120 days.

Number 6  Will I still have to pay property taxes if I do a short sale? 

Property taxes will always have to be paid as part of any accepted short sale. Whether it's you or the lender, it depends on their policies and the specific agreement you reach while negotiating the short sale.

Number 5  I owe more than my home is worth and I can't make the payment. Do I have to somehow qualify for a short sale? 

The simple answer is NO. If someone can't make their payment and they are otherwise insolvent, they qualify for a short sale. Note: insolvent simply means their total debts are great than their assets.

Number 4  Do I have to pay income taxes...I have heard that I will get a 1099. Will the loss the bank takes be treated as a taxable gain to me...the seller...is this true? 

It WAS true, now it's not. Consult your Tax Attorney or Qualified CPA.  Very recently the tax law was modified and now most people who do a short sale will have no taxes due.

Number 3  How do you, my listing agent get paid...who pays your commission? 

The bank will pay the commission along with all the other usual closing costs.

Number 2  Do I have to miss a payment to do a Short Sale? 

No. Late last year most major lenders started accepting short sale offers from sellers who have never missed a payment.

Number 1  I want to do a short sale and have a 2nd mortgage, does this make me ineligible? 

No. Both of your lenders will need to be satisfied in some way to complete the short sale. If your first lender will be paid off by the sale, then you just negotiate the terms with the second lender. Most short sales do involve 1st and 2nd lien holders. 

Article courtesy of:  Tim and Julie Harris, www.AgentShortSaleSecrets.com

If you would like more information about short sales or Montgomery real estate, visit our website, HatTeam.com or give us a call at 800-428-5239 for more personalized service. Interested in the current market value of your home? Visit MontgomeryHomeInfo.com. Your home valuation will be emailed to you.

Montgomery AL Tax Rebates

by The Hat Team

Congress’ recent $170 billion economic stimulus plan centers around tax rebates; because the details of the plan are still foggy, many Montgomery AL real estate owners and taxpayers have questions about the rebates and how they will benefit.

Though the details are still being worked out, some facts have been made available:

  • To be eligible for a full rebate, single tax filers must have 2007 adjusted gross income (AGI) below $75,000.  These filers will get rebates up to $600.
  • Joint filers must have AGI below $150,000 and are eligible to receive rebates of up to $1,200.
  • Parents will receive $300 rebates per dependent child and there is no cap on the maximum number of children eligible.
  • Filers who do not owe income taxes because of various credits and deductions but who do have at least $3,000 in income (can include Social Security or disability payments) will get $300 rebates per person or $600 per couple.
  • The rebate is a one-time tax cut – an advance on a credit you’ll receive on your 2008 return.

If you make the IRS deadline and file your taxes by April 15, you can expect to receive a rebate check in the mail sometime between May and July.

Have you considered putting your tax rebate toward the purchase of Montgomery AL real estate?  To learn more about Montgomery AL real estate, please visit HomesForSaleInMontgomeryAlabama.com or begin searching for homes here.  For more personalized service, please call me at 800-HAT-LADY.

Beware of Montgomery AL Real Estate Scam!

by The Hat Team

Despite Congress’ recent efforts to relieve Montgomery AL homeowners, the rate of foreclosure is still increasing across America. 

 

Although this CBS News video spotlights a foreclosure scam artist in southern California, the problem is rampant nationwide.  As the video shows, it is too easy to be taken advantage of by scam artists trying to make a buck off the vulnerability of others.



Remember, if you may be facing foreclosure – or if you are interested in investing in Montgomery AL – the best resource is an experienced Realtor who can help explain your options.  To learn more about Montgomery AL real estate, please call me 302-677-1335 or visit HomesForSaleInMontgomeryAlabama.com.  You may also learn more about investing in Montgomery AL real estate at InvestInMontgomeryAlabama.com.

REDUCED! Montgomery AL Home For Sale - 1230 Woodward Ave.

by The Hat Team

RECENTLY REDUCED!  Bring your contractor and bring this house back to what it once was!!! Seller has already done the Home Inspection and Structural inspection for you. Now all you have to do it to determine how far you want to go with the restoration. Has been a rental property but owner now says sell, so priced accoringly. Has central heat & air, on a great lot, in a great location, but the floors roll like the Gulf of Mexico. If you are looking for an affordable property in the heart of Old Cloverdale, and want a project, then this house is for you. Call today to see it before it's gone.

For more information on this home or other Montgomery real estate, visit our website, HatTeam.com or give us a call for more personalized service, 800-428-5239.

NOW REDUCED! Montgomery AL Home For Sale - 663 Hubbard St.

by The Hat Team

NOW REDUCED!  This wonderful cottage is located in the heart of historic Cloverdale Idlewilde on a quiet tucked-away street. Lovely formal living and dining rooms, cozy sunroom, eat-in kitchen, and master bedroom/bath downstairs. There are two guest bedrooms each with quaint alcoves and a guest bath on the second floor. You'll love entertaining on the private rear deck or having a quiet breakfast on the patio overlooking lush landscaping. Beautiful rose gardens and iron fence separate private deck/patio from large fenced backyard perfect for kids, pets, pool, etc. Driveways on each side of the house and parking pad on the left.

For more information on this home or other Montgomery real estate, visit our website,
HatTeam.com or give us a call for more personalized service, 800-428-5239.



Montgomery AL Real Estate Market Trends

by The Hat Team

The volume of Montgomery AL real estate sales of existing homes is expected to hold steady through late spring, with a gradual recovery during the second half of the year as the mortgage situation improves in high-cost areas, according to the latest forecast by the National Association of Realtors.

 

Lawrence Yun, NAR chief economist, said many buyers have been waiting for higher mortgage loan limits.  “The higher loan limits for both FHA and conventional loans will increase consumer choice and provide greater access to lower interest rate mortgages in high-cost regions,” he said.  “Therefore, a notable rise in home sales can be anticipated in the second half of the year.”

 

Let’s take a look at the real estate sales statistics for February 2008 to see how the market is looking in Midtown Montgomery:

  

The Midtown Montgomery market continued to see a bit of a slowdown in February 2008 when compared against February 2007.  The number of pending sales increased by 6%, while the number of sold listings was 22% lower than in February of 2007.  Homes were on the market for an average of 13 more days than last year, and the average sales price went down 19% to $134,032.

Midtown
Montgomery

Pending
Listings

Sold
Listings

Average
Market Times

Average
Sales Price

February 2008

53

31

101

$134,032

February 2007

50

40

88

$165,071

Spring is a great time to consider buying or selling a home in Montgomery.  If you would like to get more information about Montgomery AL real estate, please call me at 800-HAT-LADY or visit HomesForSaleInMontgomeryAlabama.com.  You may also sign up to receive automated emails of new listings at EmailMontgomeryAlabamaHomes.com!

 

I
nformation is provided by the Montgomery Area Association of Realtors and is deemed accurate but not guaranteed. 

REDUCED! Montgomery AL Home For Sale - 3352 Lexington Rd.

by The Hat Team

NOW REDUCED!  If you think the outside is beautiful, just wait until you get inside.  Beautiful hardwood floors, 9' ceilings, plaster crown molding plus a sun porch.  The updated kitchen has a wonderful view of the lush landscaped backyard.  There is a detached storage building and don't miss the rear toilet.  This is a must-see, so put it first on your list.

For more information on this home or other Montgomery real estate, visit our website, HatTeam.com or give us a call for more personalized service, 800-428-5239.

Montgomery AL Real Estate Podcast

by The Hat Team

This edition covers Montgomery real estate market activity and then we'll talk about how low interest rates and higher housing inventories make today one of the best times in recent memory to invest in real estate.

Features special guest Terri Murphy of US Learning.

Program length: approximately 6 minutes

 

To learn more about Montgomery AL real estate and housing trends, please call me at 800-HAT-LADY or visit HomesForSaleInMontgomeryAlabama.com.  You may also begin searching for homes here!

 

download podcast mp3 file | subscribe to podcast feed

Montgomery AL Home For Sale - 3455 Cloverdale Rd.

by The Hat Team

Current owner has loved this home for the last 43 years but is now ready to pass on to the next family. This home has very spacious, light filled rooms, including the sunroom that overlooks the goldfish pond. This is also a deck the opens to a private backyard paradise. Put this first on your list.

For more information on this home or other Montgomery real estate, visit our website, HatTeam.com
or give us a call for more personalized service, 800-428-5239.

Displaying blog entries 1921-1930 of 1998

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