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Midtown Montgomery Real Estate Market Trends - Sept 2016

Wednesday, October 26, 2016
by The Hat Team

mortgage rates

Freddy Mac reports that mortgage rates staying low. Here are the national averages for mortgage rates during the week ending Oct. 6:

  • 30-year fixed-rate mortgages: averaged 3.42 percent, with an average 0.5 point, unchanged from last week. A year ago, 30-year rates averaged 3.76 percent.
  • 15-year fixed-rate mortgages: averaged 2.72 percent, with an average 0.5 point, also unchanged from last week’s average. Last year at this time, 15-year rates averaged 2.99 percent.
  • 5-year hybrid adjustable-rate mortgages: averaged 2.80 percent, with an average 0.4 point, dropping slightly from last week’s 2.81 percent average. A year ago, 5-year ARMs averaged 2.88 percent.

With rates like this, is it time for you to buy a home? If so, just hit reply to get started!

Take a look at how many folks bought homes in our market last month…

Midtown Montgomery Real Estate Market Trends

Midtown Montgomery real estate sales statistics for September 2016 show the number of homes sold increased 36.6%. The average sales price increased by 14.5%. The median sales price increased by 14.4%. Market times dropped by 87 days.

Midtown Montgomery Sept 2016    Sept 2015
Homes Sold 41 30
Average Selling Price $130,667 $114,082
Median Selling Price $109,000 $99,000
Days On The Market 87 174
Highest Selling Price $469,000 $417,000
Lowest Selling Price $12,000 $15,600


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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Midtown Montgomery Home For Sale: 1948 Graham St

Saturday, October 22, 2016
by The Hat Team

1948 graham st

Midtown Montgomery Home For Sale:

1948 Graham St, Montgomery AL 36106
MLS# 409031

3 bedrooms | 2 Baths | 1,472 Square Feet | Cloverdale

Adorable Cloverdale cottage on one of the most desirable streets! Step right in to find a wonderful open floor plan, perfect for entertaining family and friends. The charming kitchen is updated and has a huge breakfast bar. The bedrooms are spacious and the master bath has been beautifully renovated and there's even a walk-in closet! Other recent upgrades include newly refinished hard wood floors, freshly painted interior and exterior, brand new HVAC and a 3 year old roof. In the back yard there is a wired building that could be a workshop, studio/office, man cave or just storage. Literally steps away from fabulous restaurants and shopping district of Midtown Montgomery that has everything you would need. Check it out today!

Marketed by Montgomery AL Realtor Lauren Layfield, Sandra Nickel Hat Team.

 

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Montgomery AL Home For Sale: 614 Federal Drive

Thursday, October 20, 2016
by The Hat Team

614 federal dr

Montgomery AL Home For Sale:

614 Federal Drive, Montgomery AL 36107
MLS# 407607

3 Bedrooms | 2.5 Baths | 1,662 Square Feet | Montgomery Heights

Wonderful starter home or investment property in Montgomery Heights. One family has owned this property for the past 73 years and it has been well cared for. Plenty of room with a spacious living room/dining room, breakfast room, den and a finished attic for an additional bedroom or bonus room. Last but not least, is a nice sun room overlooking a huge deck and lovely backyard. There is a green house and storage building in the back as well. Don't miss this opportunity for a great deal!

Marketed by Montgomery AL Realtor Lauren Layfield, Sandra Nickel Hat Team.

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Tips for Remodeling Your Home and Where to Start

Thursday, October 20, 2016
by The Hat Team

remodel

The housing market is doing well and therefore many folks are starting to think about putting their homes on the market.  Folks may sometimes decide to do a little bit of remodeling before they put their house on the market so that they may get the money they want or need out of it. There are many ways to remodel your home without having to put a lot of money into it. Let's take a look at a few tips for remodeling your home and where to start. 

  • A good place to start when remodeling your home is your front door. The front door is one of the first things people see when they take a look at your home and therefore it is an important focal point to concentrate on. You can paint your front door a color that will stand out while still matching the exterior of the house or you may want to purchase a new front door with some decorative glass to give it an extra flair. 
  • Adding a fireplace to a home is a great way to remodel it and make it more appealing to potential buyers. This time of year makes a fireplace a very desirable addition to any home.
  • If your home has carpet you may want to consider replacing the carpet with hardwoods. If you are lucky enough there may even be beautiful hardwoods underneath the carpet. If that is the case you won't have to do much except pull up the carpet and refinish the floors. 

You can choose to remodel many rooms in your home or you may decide to just do a small amount of remodeling, either way you are likely to get more money for your home once you put it on the market so make your remodeling choices wisely. If remodeling sounds like a daunting task to you, go ahead and hire a professional to get the job done for you. Plan to have enough time to do the job well and to do it right the first time and then plan to put your house on the market once you are finished with all of the remodeling.  Do not put your house on the market before you have completed all the remodeling in its entirety. The last thing you need is folks coming to look at your house with a remodel going on and all the mess that comes along with that. 

Courtesy of Montgomery AL Realtor Sandra Nickel, Sandra Nickel Hat Team.

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Open House: 3225 Audubon Rd

Wednesday, October 19, 2016
by The Hat Team

Open House: 3225 Audubon Rd, Montgomery AL 36106
Sunday, October 23. 1:00 - 3:00pm

3225 audubon rd

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Montgomery AL Home For Sale: 1569 Hallwood Lane

Friday, October 14, 2016
by The Hat Team

1569 hallwood lane

Montgomery AL Home For Sale:

1569 Hallwood Lane, Montgomery AL 36117
MLS# 407783

3 Bedrooms | 2 Baths | 1,481 Square Feet | Thorington Trace

Move-in ready in beautiful Thorington Trace! This one owner home situated on a quiet cul-de-sac has been meticulously cared for. Split floor plan with tall vaulted ceilings in the master and living room give it an open feel. Wonderful neighborhood that has a great community atmosphere and ideal location just minutes from restaurants, shops and East Chase. Check it out today!

Marketed by Montgomery AL Realtor Lauren Layfield, Sandra Nickel Hat Team.
 

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Midtown Montgomery Home For Sale: 321 Felder Ave

Thursday, October 13, 2016
by The Hat Team

321 felder ave

Midtown Montgomery Home For Sale:

321 Felder Ave, Montgomery AL 36106
MLS# 407861

3 Bedrooms | 3 Baths | 1,951 Square Feet | Garden District

Located in the center of Midtown Montgomery's vibrant historic district, this classic bungalow is within walking distance to some of the town's best eateries and drinking establishments. Covered porches and shady yards compliment outdoor living and exchanges with lovely neighbors passing by. If you appreciate old-world charm and vintage architectural details, you will absolutely love being greeted each day by the massive arched front door. Continuing that detail, three arched front windows flood the living room with light, and the stone fireplace will give warmth and atmosphere for cozy evenings. Grand or intimate dinner parties can be enjoyed in the formal dining room, while more casual meals suit the butler's pantry area with great built-in serving station (and doubles as additional counter space.) And, you won't have to scrimp on master bathroom space, as this one has plenty of room and has been nicely updated. Call us or your favorite agent for a private tour of this charming bungalow.

Marketed by Montgomery AL Realtor Billy Young, Sandra Nickel Hat Team REALTORS.
 

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4 Common Real Estate Myths Debunked

Wednesday, October 12, 2016
by The Hat Team

real estate myths

If you are in the process of buying or selling a home, you may have already come across some of these common real estate myths.  Real estate myths are abundant and are quite prevalent in the real estate world.  Below you will find a few real estate myths to be wary of whether you are buying or selling a home. 

  1. Some folks believe that if you don’t use a real estate agent you are likely to get a better deal.  This is totally false because no matter which one of you have the agent…one of them is going to get the commission be it the buyer’s agent or the sellers agent.  The only way to get around dealing with paying a commission to a realtor is if you sell or a buy a home that is for sale by owner.  If you do decide to purchase or sell by owner, be very careful because there are a lot of things that can and perhaps will go wrong when you try to go it alone.  Real estate agents deserve all the commission they get because they do a lot of work that you don’t have to worry about doing yourself. 
  2. Another common real estate myth  is that you should set your asking price higher than what you expect to make.  If you price your home too much above the market value you are likely going to be doing yourself an injustice.  Folks are going to pass your home by because they know that it is not in their price range.  Setting your home at a reasonable price is a good way to get buyers to show some interest and not be scared off by sticker shock. 
  3. Yet another common real estate myth is that all of the houses listed in the multiple listing systems are all available to look at online.  Most of the houses on MLS are listed online but if you don’t tell your realtor that you want your home listed online he or she may not do so. 
  4. Another real estate myth  is that having an open house will basically guarantee that you home will sell.  While open houses are good to get folks out looking at your house, they don’t always bring the buyer to your door.  Typically those that look at your house during an open house are just browsing and likely won’t give you an offer. 

Do your part not to let these real estate myths fool you by knowing them ahead of time before you buy or sell a home. 

Courtesy of Montgomery AL Real Estate Expert Sandra Nickel, Hat Team.

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Montgomery AL Home For Sale: 1810 Grove Hill Lane

Friday, October 7, 2016
by The Hat Team

Montgomery AL Home for Sale:

1810 Grove Hill Lane, Montgomery AL 36106

MLS #407327

3 Bedrooms | 2.5 Baths | 1,753 Square Feet | Midtown Montgomery

Great investment property with 3 bedrooms in Grove Hill neighborhood!

Make yourself some money on this great investment property in Midtown Montgomery! Home needs lots of work!! Formal living /dining, kitchen open to den with fireplace. Hardwood floors. Three bedrooms and two full tiled baths. Separate laundry, two car detached garage, and a covered rear patio! Beautiful lot near Publix and shopping on Zelda Road!

Marketing by Montgomery AL Realtor Frank Powell, Sandra Nickel Hat Team!

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How to Eliminate Smells So That Your House Might Sell

Tuesday, October 4, 2016
by The Hat Team

eliminate odor

If you have recently put your house on the market and want it to sell quickly you may need to take a look at a few of these tips on how to eliminate smells so that your house will be more likely to sell. While selling your home quickly may sound good to you, you may not be thinking about exactly how clean your house smells when you have a last minute showing pop up.  If you are caught in a bind with a last minute showing and you need to get rid of a few household odors, be sure to read below for some ideas. 

  1. If you have pets you already know that they have a smell all their own.  Pets that may not be house trained yet may be hard to deal with during a house showing.  If you need to cover up the smell of pet urine quickly there are several ways to go about it.  One way to get rid of pee smell in the carpet is to soak the area with enzyme spray.  Another way to get rid of the smell all together (however it may take a bit longer) is to get rid of the carpet once and for all and put in hardwoods. 
  2. Another way to eliminate smells so that your house might sell is to open up your windows while you are cooking.  If you know you have a showing one night, be sure to keep your windows open while you are cooking with the hood fan on as well.  Another good way to get rid of the smell of a recently prepared meal in your home is to set a bowl of coffee grounds on the countertop over night (if your showing doesn’t happen to be the same evening of course.)  If you don’t want to take any chances of having your dinner linger during the showing you could always just go out to eat for the evening. 
  3. Garbage smell in a home is some of the worst odor possible.  One easy way to get rid of that particular smell is to be sure and take it to the curb before you leave for the showing. 

These are just a few ways that you can get rid of smells in your home  so that your showing might go well and you may be more able to sell your home.  Hopefully they will get you started in the right direction. 

Courtesy of Montgomery AL Realtor Sandra Nickel, Sandra Nickel Hat Team.

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