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Three Hottest Subdivisions in Dothan Right Now - 09/29/07 08:19 AM
Here are the three subdivisions in Dothan that have recorded the most homes sold since July 1. Whether that makes them 'hot' areas is certainly debatable. I'm calling them hot because we need something hot in this market. Crestwood Village Located off of Fortner Street in southwest Dothan, outside Ross Clark Circle Nine sales in this subdivision with a sold price range of $140,000 to $200,000 Average days on market was 141 days Interestingly, six of these sales have been... Read more by CLICKING HERE (0 comments)
Buy a house. Save for college - 09/25/07 10:12 AM
Morningstar recently ranked Alabama's 529 College Savings plan among the worst in the country. If you are like many Alabamians, you may be looking for an alternative to save for your child's college education. Let me introduce you to a way to save up to $3,000 from the sale or purchase of a home toward your childs (or childrens) college education. The program is called UPromise... Read more by CLICKING HERE (0 comments)
Fall is here. See you in the spring? - 09/25/07 10:03 AM
Several weeks ago, I was asked in my capacity as President of the Dothan Assocation of REALTORS to comment for a newspaper article on the state of the Dothan real estate market. In particular, I was asked what advice we are giving potential home sellers during this slowdown in sales. I will try to expand on those thoughts a little in this space. First, if you don't have to sell right now, you should wait six months to see what happens. Read the rest of this post by CLICKING HERE (0 comments)
Buyer Beware - 09/19/07 04:23 PM
A couple of situations have arisen recently that cause me to remind everyone of a fact about living in the great State of Alabama. We live in a caveat emptor, or buyer beware, state. What this means is that consumers in the State of Alabama must satisfy themselves as to the condition of the product they are buying, whether it is dinner at your favorite restaurant, a piece of furniture, a car, or a home. Granted there are but a few buyer beware states remaining, but Alabama is one of them. Continue reading by CLICKING HERE (0 comments)
Six Reasons to Retire in South Alabama Instead of Florida - 09/17/07 05:02 PM
Thinking of retiring or moving to Florida? Before you do, take a look at what southeast Alabama and the Dothan area has to offer. You may find Dothan has a lot more to offer. Six reasons owning property and living in Alabama is as good or better than owning and living in Florida. Property Taxes Property taxes in Alabama, especially south Alabama, are among the lowest in the nation. For example... To continue reading, go to dothanhomesearch.com (0 comments)
A Chicken in every pot, and a house on every street - 09/14/07 02:34 PM
At the end of August, there were 885 single family properties listed for sale in the Dothan Multiple Listing Service. Inventory continues to rise, and we are fast approaching what would be an all-time high. In the last three months, close to 600 new listings have been brought to the market, while there have been only about half that many (335) sold. Of the 885 listed properties, over 200 are new construction homes. It certainly looks like there is at least one home for sale on every street in Dothan. Continue reading at dothanhomesearch.com (0 comments)
Dothan Real Estate 101 - What does MLS stand for? - 09/11/07 10:29 AM
Delaine McCallister, REALTOR Associate with CENTURY 21 Key Realty, submitted this story for our company blog, http://www.dothanhomesearch.com/ This particular post has to do with what we call the MLS, which is an acronym for Multiple Listing Service. Nearly all of the real estate companies in Dothan are members of the Dothan Multiple Listing Service, Inc., which basically is a central database of all the information on the homes listed for sale by each member company. Here is how it works. Each time a member of the MLS lists a house or other property for sale, with the seller's permission, we list it in the (0 comments)
What everyone ought to know about changing mortgage rates - 09/11/07 10:21 AM
We as real estate professionals are asked all the time about the relationship between what is called the Federal Funds Rate (fed rate for short), and mortgage rates. The most common question is "I heard on the news that the government lowered the fed rate, so will mortgage rates come down?" To answer that question, we first need to look at how and by whom each of these rates is determined. The Federal Runds Rate is the interest rate the Federal Reserve Banks charge depository institutions on overnight loans. The fed rate is an administered rate, set by the Federal Reserve Banks, rather than a market rate of (1 comments)
What is Absorption Rate? (No, it doesn't have anything to do with toilet paper) - 09/11/07 10:12 AM
I have been trying to find a better way to convey to our audience how the Dothan real estate market has changed in the past 18-24 months. I have mentioned in several previous posts about how inventory has doubled during that time span, and what effect that has had on market time. I have found another way to present this information to you, our readers, and it has to do with something called absorption rate. Simply put, the absorption rate is the amount of time it would take to sell every home on the market today, if no more homes were listed. (0 comments)
New to Dothan and Proud of It- A Tribute to Southern Hospitality - 09/11/07 10:03 AM
Leslie Spradley, REALTOR Associate with CENTURY 21 Key Realty, wrote this post for our company blog, http://www.dothanhomesearch.com/ Growing up, I was taught a song that had a line stating "the stars at night are big and bright... deep in the heart of Texas". Little did I know these stars were actually brighter in Alabama. I was also taught to introduce myself before carrying on a conversation, or in this case sharing with you on our company blog, so here we go. My name is Leslie Spradley, and over the coming months I hope to post information here on many different topics that will appeal (0 comments)
Envision Dothan - Creating Meaningful Change in our Community - 09/11/07 09:52 AM
The Dothan Association of REALTORS welcomed Mr. Thomas Harrison to our monthly membership meeting and luncheon last Thursday. Mr. Harrison is the Executive Director of the Dothan Area Chamber of Commerce, and serves as Coordinator for ENVISION. In short, ENVISION Dothan is a community strategic plan for effecting change in our community in the areas of education, economy, regionalism, and quality of life. Take a few minutes to visit the website at http://www.envisiondothan.com/, and volunteer to do some small part in making Dothan a better place for all of us to live, work, and raise a family. (0 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.