hat team: Montgomery AL Real Estate Investing Tips - 05/22/13 01:26 PM
The word is spreading in the world of real estate—“Now is a good time to invest in Montgomery AL real estate.” The reasons behind this advice appear to be both numerous and sound and include justifications such as low home prices and interest rates, an increased demand for rental property, strong signs of a recovering real estate market, and the continuing volatility of the stock market.
Think that you might like to invest in Montgomery AL real estate and become a landlord? Then continue reading. Investment gurus and experienced Realtors have many sage pieces of advice for you about property selection, … (0 comments)
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hat team: Does Your Neighbor Effect Your Home's Value - 05/10/13 08:58 AM
Generally speaking, real estate articles dealing with the buying, selling, or appraisal of a Montgomery AL home render advice dealing with the condition and appeal of the property. Would-be sellers are reminded to pay particular attention to curb appeal, cosmetic repairs, de-cluttering, and maintenance matters, while potential buyers are urged to focus on location, amenities, and structural stability. There are other, less publicized factors that impact a Montgomery AL home’s value, however, and they, too, should be included in a buyer’s or seller’s check list.
The Appraisal Institute, the nation’s largest professional association of real estate appraisers cautions homeowners and potential … (1 comments)
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hat team: Montgomery AL Foreclosure Trends - March 2013 - 05/02/13 11:55 AM
In March, the number of properties that received a foreclosure filing in Montgomery, AL was 32% higher than the previous month and 8% lower than the same time last year, according to RealtyTrac.com.
Montgomery AL Foreclosure Activity and 30 Year Interest Rate
Foreclosure activity is based on the total number of properties that receive foreclosure filings – default notice, foreclosure auction notice or bank repossession – each month. Interest rate is based on the average 30-year fixed rate from Freddie Mac Primary Mortgage Market Survey.
Montgomery AL Foreclosure Geographical Comparison
Montgomery AL foreclosure activity was 0.01% lower than national statistics, 0.03% … (0 comments)
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hat team: Going Green In The Office Of Your Montgomery AL Home - 03/12/13 11:10 AM
When we consider becoming more “green” at home, we often think about kitchens and bathrooms, spaces which use a lot of energy and water and can pollute the environment of your Montgomery AL home. While these are certainly high-impact areas that could easily be made more efficient, there’s also much potential for going green in your home office. Check out these simple suggestions:
Paper: Look for paper made with the highest amount of recycled post-consumer content. When you can, print on both sides of the paper. If you need to shred documents, keep that shredded paper to use when sending packages … (0 comments)
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hat team: Midtown Montgomery Market Trends - January 2013 - 02/27/13 08:12 AM
If you are wondering what home improvement projects will give you the best return on the sale of your home, think “curb appeal.”
When buyers are shopping for a home, the exterior can make (or break) the first impression. According to the 2013 Cost vs. Value Report, exterior replacement projects are among the most valuable home improvements that sellers can currently invest in, starting with the front door.
A steel entry door topped this year’s survey with an estimated 85.6 percent of the costs recouped at resale. The steel door replacement is also the least expensive of the 35 midrange and … (0 comments)
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hat team: Montgomery AL Foreclosure Trends - Dec 2012 - 02/13/13 04:32 PM
There were 810 Montgomery AL foreclosure homes for sale with 1 in every 1,024 housing units receiving a foreclosure filing in December 2012. The average selling price of a Montgomery AL home was $166,547 and the average foreclosure selling price was $65,632, a $100,915 savings according to RealtyTrac.com.
Montgomery AL Foreclosure Activity and 30 Year Interest Rate
Montgomery interest rates averaged 3.35% in December while the number of foreclosed homes dropped from 122 to 88.
Foreclosure activity is based on the total number of properties that receive foreclosure filings – default notice, foreclosure auction notice or bank repossession – each month. Interest rate is … (0 comments)
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hat team: Why Your Montgomery AL Home Isn’t Selling -- And What To Do About It - 02/08/13 08:29 PM
Yes, you realize that the economy is tough, and, yes, you’re well aware that it is a buyers’ market in the real estate world. But your Montgomery AL home has been for sale for a long time now, and similar houses in the area have been selling. You’re asking what you consider a fair price for the property, and you allow your Realtor to have periodic open house showings, so what is going on?
Generally the problem lies in one of four areas: price, condition, availability, and location.
Price: In today’s economy everyone is looking for a bargain. With access to … (0 comments)
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hat team: Montgomery Al Home For Sale:1505 Fairview Avenue #B Montgomery, AL 36106 - 01/31/13 04:05 AM
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hat team: New Credit Scoring Helps Buyers of Montgomery AL Real Estate - 01/23/13 08:36 AM
The most important item in a consumer's financial resumé today is his/her credit score. The rating system most widely used currently is the "FICO" (Fair Isaac Corporation) score, the standard measure for credit risk. Developed in 1989, this three-digit number between 300 and 850 predicts one’s creditworthiness. The higher a credit score, the more likely loan approval and/or favorable interest rates. Click here and here for more in-depth information on how your credit rating may impact your desire to buy Montgomery AL real estate.
Recently, however, FICO has teamed up with data provider CoreLogic on a new credit scoring system specifically … (1 comments)
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hat team: Montgomery AL Foreclosure Trends - November 2012 - 01/16/13 12:14 PM
There were 802 Montgomery AL foreclosure homes for sale with 1 in every 775 housing units receiving a foreclosure filing in November 2012. The average selling price of a Montgomery AL home was $102,112 and the average foreclosure selling price was $92,251, a $9,861 savings according to RealtyTrac.com.
Montgomery AL Foreclosure Activity and 30 Year Interest Rate
Montgomery interest rates averaged 3.35% in November while the number of foreclosed homes climbed from 104 to 122.
Foreclosure activity is based on the total number of properties that receive foreclosure filings – default notice, foreclosure auction notice or bank repossession – each month. Interest rate is … (0 comments)
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hat team: Real Estate Provisions in “Fiscal Cliff” Bill - 01/08/13 09:45 AM
On January 1, 2013 both the Senate and House passed H.R. 8 legislation to avert the “fiscal cliff.” The bill will be signed shortly by President Barack Obama.
Below is a summary of real estate related provisions in the bill as summarized by the National Association of Realtors:
Real Estate Tax Extenders Mortgage Cancellation Relief is extended for one year to Jan. 1, 2014 Deduction for Mortgage Insurance Premiums for filers making below $110,000 is extended through 2013 and made retroactive to cover 2012 15-year straight-line cost recovery for qualified leasehold improvements on commercial properties is extended through 2013 and made retroactive … (0 comments)
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hat team: Montgomery Real Estate For Sale:2722 Oxford Drive Montgomery, AL 36106 - 11/27/12 09:22 AM
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hat team: Good News For Montgomery AL Real Estate - 11/21/12 11:34 AM
Perhaps the person who coined the maxim “Good things come to those who wait” had owners of Montgomery AL real estate in mind, for after a long period of struggling and unpredictability, the housing market is finally touting some good news.
Results from Fannie Mae’s September 2012 National Housing Survey show Americans’ optimism about the recovery of the housing market has grown, bolstered by a series of mortgage rate decreases throughout the summer. Consumer attitudes about the economy also improved substantially last month. According to Kiplinger, sales of new and existing homes are climbing: 20% for new homes this year; … (0 comments)
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hat team: Midtown Montgomery Real Estate Market Trends - October 2012 - 11/07/12 12:59 PM
Ever since the housing bubble burst, the American public has been bombarded by predictions of all sorts. Some have included assertions that the real estate market has bottomed out, while others issue dire warnings that it will sink still lower. Accompanying these negative reports, however, there have usually been optimistic voices insisting that the market is actually improving. And perhaps it finally is. Dubious? Read on…
According to a report issued recently by the Demand Institute, 2012 is the year of the housing bottom. The report states, “The double-digit increases in U.S. housing prices over the first half of the … (2 comments)
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hat team: Fall Gardening At Your Montgomery AL Home - 10/30/12 09:37 AM
Yes, summer has come to a close, but that doesn’t mean that you need to bid adieu to gardening or enjoying colorful blossoms in your Montgomery AL home. Actually, cooler temperatures, moist soils, and the absence of pesky insects in autumn make for ideal conditions for fall planting and spending time in your garden. Generally, the items on your to-do list fall into three categories: enjoying it now; housekeeping, and preparing for the future.
Enjoy It Now
Probably the favorite activity of gardeners who owns a Montgomery AL home involves the planting of flowers, trees, and shrubs which will provide bright colors for … (0 comments)
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hat team: Pre-Approval: The First Step To Buying a Montgomery AL Home - 10/18/12 11:48 AM
Few people can buy a home for cash. According to the National Association of REALTORS® (NAR), nearly nine out of 10 buyers of Montgomery AL homes finance their purchase, which means that nearly all buyers -- especially first-time purchasers -- require a loan. The real issue with real estate financing is not getting a loan (almost anyone willing to pay lofty interest rates can find a mortgage). Instead, the idea is to get the loan that's right for you -- the mortgage with the lowest cost and best terms.
Realtors routinely urge prospective buyers to get pre-approved for a loan before … (0 comments)
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hat team: Montgomery Home For Sale:930 Tarilton Road Titus, AL 36080 - 10/05/12 10:03 AM
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hat team: Midtown Montgomery Market Trends - Sept 2012 - 10/03/12 01:46 PM
With the Presidential election just around the corner, it is time to look at what effect both President Obama and Mitt Romney have on real estate.
A second Obama term could provide homeowners and real estate investors:
President Obama supports extending homebuyer credit to those interested in purchasing their first home. The Obama administration has consistently vouched for mortgage debt relief. While the evaluation of economic observers remain mixed, the Making Home Affordable Program (MHA) offers support for mortgage payment in addition to relief for those facing foreclosure and underwater mortgages. The reduction of interest rates under President Obama has made … (0 comments)
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hat team: Loan Modification Process Made Easier for Montgomery Real Estate Owners - 09/27/12 12:22 PM
When the Obama administration rolled out the Home Affordable Modification Program (HAMP) in 2009, officials estimated 3 to 4 million borrowers would seek relief from their mortgages through the program during the worst recession and housing market collapse in decades. More than two years later, however, those projections have proven to be optimistic, to say the least. According to the Treasury Department, only about 700,000 homeowners had sought aid from HAMP through the third quarter of 2011.
A major reason for the smaller number is that many distressed owners of Montgomery real estate are intimidated by the confusing process involved in … (0 comments)
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hat team: Montgomery Home For Sale: 5833 Portsmouth Drive Montgomery, Al 36116 - 09/27/12 04:43 AM
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