Wednesday, February 22, 2012
Philip Winburn will lead the realtors and property managers in a meeting.
Philip Winburn will lead the realtors and property managers in a meeting.
February 22nd, 2012 2:58 PM
JUST ANNOUNCED
Philip Winburn will lead the realtors and property managers in a meeting at the same time and place as Camille and Michelle. That meeting will take place at the Cahaba Shriner's Temple at 6:00PM on Thursday, February 23, 2012 (yes, that is tomorrow). The address is 6001 Pulaski Pike (where Winchester Road dead ends into Pulaski Pike).
A REMINDER
Wednesday, February 22, 2012 @ 12:00PM Suzanne Hicks will lead the meeting of the multi-family housing industry. That meeting will take place at Arbor Park Apartments. That address is 4401 Spartacus Drive. You can call my office (256) 562 - 1999 for directions or reach Suzanne directly at (256) 852 - 0131. Thursday, February 23, 2012 @ 6:00PM Camille Mueller and Michelle Cummings will lead the meeting for investors and owners. That meeting will take place at the Cahaba Shriner's Temple. That address is 6001 Pulaski Pike (where Winchester Road dead ends into Pulaski Pike). You can call my office at (256) 562 - 1999 for directions or reach Michelle at (256) 715 - 0625.
This is a reminder of the meetings that will occur this week. Michelle Cummings and Camille Mueller attended the HCNA meeting last night and will be available to give an update on what happened.
I hope that everyone will be able to attend these meetings. It will be a meaningful opportunity to discuss new developments as well as strategy - especially now that the mayor's race has gotten more interesting!
Huntsville AL Flowering Trees
Downtown Huntsville AL
Preliminaries (should we organize?):
Should this organization be perpetual?
What do we see as goals for this organization?
What would we like to call this organization?
What assets and benefits does our particular group have that the other groups could use (i.e., for Suzanne, this would be the resources of the ANAA, for Philip, this would be the resources of the HAAR)?
Response to Ordinance (if we organize, what do we want to do?):
An internal self-monitoring system to Homes for sale in Huntsville appease the HCNA that works in conjunction with the HCNA?
A letter of introduction to the City Council and mayor asking to be kept in the loop?
A letter writing campaign that specifically addresses the HCNA resolution?
The most important question, however, is "how do we stay unified (if we organize, and have a set agenda, how do we make sure everyone works for the common goal?)" If people aren’t going to be able to stick to the “talking points” and/or whatever the decision is re: party line, then we are all sort of wasting our time. I know a lot of people have "gone rogue" and we have some VERY strong personalities in the room, so perhaps if we ask the group how to stay unified, they would have some suggestions.
Dallas Mill water tower Huntsville AL
The proposed ordinance requires an annual inspection of all rental property at a cost of $20 per apartment and $50 per house. The cost of the inspection will be the responsibility of the owner.
In our experience city inspectors are not well trained or experienced. They tend require homeowners to repair anything they can find. These inspections can result in thousands in unneeded repairs by the homeowner. Older homes could be required to be upgraded to current building codes. In addition to the costs of inspections and repairs a homeowner mayhave to wait weeks for inspections and certificates of occupancy. During this time, owners are potential loss of rental income.
The Alabama Tenant Landlord law prevents entry to an occupied rental dwelling without the approval of the tenant or a posted two day notice except in the case of emergency. The logistics of coordinating the proposed annual inspections with the city inspector, tenants and homeowners is mind boggling. It would be an enormous drain on the resources of property managers requiring additional staff and expenses. Property managers would have no option except to pass those costs to the homeowner.
Dallas Mill water tower Huntsville AL
Under the proposed ordinance the city will level fines on homeowners for failure to comply with the ordinance. The fines are $300 for the first offense, $400 for the second offense and $500 for the third offense.
Under the proposed ordinance Homeowners will be required to get a certificate of occupancy before their property can be occupied.
Under the proposed ordinance the homeowner will be responsible for the actions of their tenants under the Nuisance Abatement Law.
Under the proposed ordinance Homeowners will be required to have a criminal background check done on each tenant. The cost of the investigation will be the responsibility of the homeowner. The proposal is not specific on what is required in the background check. The check could require local, state and national database research. The proposal does not specify what action or inaction the homeowner must take with data from a background check or if fines would be imposed for renting a property with any sort of criminal action or misdemeanor on their record. The ordinance does not state if the homeowner could be fined for renting to a tenants with a minor traffic offense.
If this ill-conceived proposal ordinance were to be approved by the City Council, it would be a horrible blow to homeowners and property managers. I foresee a spike in foreclosures resulting in neighborhood blight and lower property values city wide.
Tuesday, February 21, 2012
homes for sale in huntsville
Update on Huntsville's UAH hockey program
February 21st, 2012 9:03 AM
Huntsville Alabama evening skyline
Source; Alumni and Friends of Charger Hockey
As the hockey season comes to an end for the UAH Chargers this month, a new beginning, a NEW ERA of Charger Hockey will be born! Publicly things have been quiet, but behind the scenes a lot of work has gone into a major fundraising campaign, tickets and packages to be sold to local companies and much more. Under the leadership of new UAHuntsville President Dr. Robert Altenkirch, UAH Hockey has not only been saved, it is being reconstructed and set up to be successful for the long-term.
Here are a few updates that the group consisting of Ralph Drensek, Bob Ludwig, Joey Ceci, Doug Martinson and Nathan Bowen would like to share with you since the University made the commitment to keep UAH Hockey at the NCAA DI level:
1. The University is committing a minimum of $650,000 to support the program. This is outstanding. It is comparable to institutions in a conference being considered, and it exceeds the average institutional support among DI hockey programs. We need to do our part to contribute substantially to filling out the financial support for hockey to sustain it at least the median D I hockey budget of $1,5000,000 .
2. Dr. Altenkirch is putting University resources to work to support this initiative, with several high ranking University folks involved in the campaign.
3. Dr. Altenkirch is personally making calls and meeting with individuals and companies in search for the necessary financial support.
4. A committee is being organized with UAHuntsville representatives and members of the Alumni and Friends group in an effort to work together to raise funds and awareness on how the program will move forward.
5. As most of you know, a "Hockey Specific" online giving portal has been set up for you to execute your pledge. Please visit http://www.uah.edu/2012hockeycampaign/
6. An account has been set up with full transparency of funds, with all going directly to support the hockey program.
As we all know a key component and variable to long term program success is gaining entrance into a conference. There are some key milestones coming up. Potential conferences are watching us closely to see if we have the financial support from alumni, friends, the community and businesses. We need you to go online before March 1st and fulfill your commitment and pledge. Payment options are available and if you did not pledge, please visit and do what you can. For those who have pledged and fulfilled your commitment, we sincerely thank you.
The University's firm financial commitment is a great first step to establish a budget that supports a competitive Division 1 hockey program. UAH's $650,000 annual commitment represents 43% of the median budget for D I hockey programs as noted above, and we need your help, along with ticket sales and corporate support, to raise the additional funds that will make us attractive to a conference and allow us to compete at a high level. Our group is working closely with Dr. Altenkirch, Dr. Brophy, and other University officials to make this dream a reality. Our collaborative efforts have been successful thus far, but we need your help to generate the additional funds to achieve our goal. The University has stepped up and made the necessary commitments and more to keep NCAA DI hockey alive, now it is time for all of us to step up and do our part, live up to the financial commitments that we made and support the program moving forward. This is critical and the time is now to give us the best chance to advance the program into a conference.
February 21st, 2012 9:03 AM
Huntsville Alabama evening skyline
Source; Alumni and Friends of Charger Hockey
As the hockey season comes to an end for the UAH Chargers this month, a new beginning, a NEW ERA of Charger Hockey will be born! Publicly things have been quiet, but behind the scenes a lot of work has gone into a major fundraising campaign, tickets and packages to be sold to local companies and much more. Under the leadership of new UAHuntsville President Dr. Robert Altenkirch, UAH Hockey has not only been saved, it is being reconstructed and set up to be successful for the long-term.
Here are a few updates that the group consisting of Ralph Drensek, Bob Ludwig, Joey Ceci, Doug Martinson and Nathan Bowen would like to share with you since the University made the commitment to keep UAH Hockey at the NCAA DI level:
1. The University is committing a minimum of $650,000 to support the program. This is outstanding. It is comparable to institutions in a conference being considered, and it exceeds the average institutional support among DI hockey programs. We need to do our part to contribute substantially to filling out the financial support for hockey to sustain it at least the median D I hockey budget of $1,5000,000 .
2. Dr. Altenkirch is putting University resources to work to support this initiative, with several high ranking University folks involved in the campaign.
3. Dr. Altenkirch is personally making calls and meeting with individuals and companies in search for the necessary financial support.
4. A committee is being organized with UAHuntsville representatives and members of the Alumni and Friends group in an effort to work together to raise funds and awareness on how the program will move forward.
5. As most of you know, a "Hockey Specific" online giving portal has been set up for you to execute your pledge. Please visit http://www.uah.edu/2012hockeycampaign/
6. An account has been set up with full transparency of funds, with all going directly to support the hockey program.
As we all know a key component and variable to long term program success is gaining entrance into a conference. There are some key milestones coming up. Potential conferences are watching us closely to see if we have the financial support from alumni, friends, the community and businesses. We need you to go online before March 1st and fulfill your commitment and pledge. Payment options are available and if you did not pledge, please visit and do what you can. For those who have pledged and fulfilled your commitment, we sincerely thank you.
The University's firm financial commitment is a great first step to establish a budget that supports a competitive Division 1 hockey program. UAH's $650,000 annual commitment represents 43% of the median budget for D I hockey programs as noted above, and we need your help, along with ticket sales and corporate support, to raise the additional funds that will make us attractive to a conference and allow us to compete at a high level. Our group is working closely with Dr. Altenkirch, Dr. Brophy, and other University officials to make this dream a reality. Our collaborative efforts have been successful thus far, but we need your help to generate the additional funds to achieve our goal. The University has stepped up and made the necessary commitments and more to keep NCAA DI hockey alive, now it is time for all of us to step up and do our part, live up to the financial commitments that we made and support the program moving forward. This is critical and the time is now to give us the best chance to advance the program into a conference.
Monday, February 20, 2012
Homes for sale in huntsville
How is the real estate investment market in Huntsville?
There's not a short answer to "How is the real estate investment market in Huntsville?"
The rental market has been remarkable for the past three years. There are still jobs moving into the area and often the emigrants are not in a position to purchase homes. With the slow economy many have had credit issues and others are underwater on the homes they are leaving. During the peak summer season our rentals are often rented before the current tenant moves and it's not uncommon for the homes to be rented sight-unseen.
Huntsville's population is fairly mobile with many people moving for job opportunities. Those that aren't unable to sell their homes often turn to us to rent them until they are able to sell. We pick up two to three new rental homes per month this way.
Huntsville real estate sales is much more complicated. Some areas and price ranges are doing quite well while others are still very slow. Complicating the equation is a local production builder that is building attractive homes in desirable areas for a remarkably low price. While many builders failed during the crash, Breland Homes had the resources to acquire the developments of several builders and is thriving. While I have sold several of their homes and my clients are happy, it is very difficult for existing homes to compete for buyers in the $95,000 to $250,000 range.
With interest rates low and sales of existing homes for sale in huntsville slow, now is a good time to consider a purchase. I do think that overall Huntsville's real estate market is coming off the bottom.
There is talk of another Base Realignment and Closings federal hearing in 2013 and Huntsville's Redstone Arsenal is expected to have a substantial net increase in defense positions. While the Obama administration de-funded NASA's Constellation heavy lift space vehicle program resulting in a loss of about 2,500 aerospace positions, Marshall Space Flight Center's budget for 2013 has been describes as adequate. There is talk of another space vehicle program but to my knowledge nothing firm yet.
If you have followed my ramblings on Huntsville's multi-family housing market you will understand that finding decent multi-family property in Huntsville is near impossible and we wouldn't consider managing most of what is available.
Our preference is single family homes in the $120,000 to $280,000 range that will rent in the $1,100 to $1,600 range. We should start our property search on location and schools then filter further on age. Newer homes will be more appealing and have lower maintenance costs. I prefer full brick for lower maintenance and ranch style verses two story to appeal to a wider group of tenants and on resale, to buyers.
Once we start to focus on specific neighborhoods and properties I can research the neighborhood sales, the properties listing history, the sellers mortgages, check for flood zones and consider traffic and traffic noise. We can estimated rental amounts based on research and our experience.
We would make offers contingent on a home inspection and radon testing. We would ask to be able to market a property for rent upon acceptance of an offer and before closing. We have been able to have a tenant ready to move in immediately after closing.
There's not a short answer to "How is the real estate investment market in Huntsville?"
The rental market has been remarkable for the past three years. There are still jobs moving into the area and often the emigrants are not in a position to purchase homes. With the slow economy many have had credit issues and others are underwater on the homes they are leaving. During the peak summer season our rentals are often rented before the current tenant moves and it's not uncommon for the homes to be rented sight-unseen.
Huntsville's population is fairly mobile with many people moving for job opportunities. Those that aren't unable to sell their homes often turn to us to rent them until they are able to sell. We pick up two to three new rental homes per month this way.
Huntsville real estate sales is much more complicated. Some areas and price ranges are doing quite well while others are still very slow. Complicating the equation is a local production builder that is building attractive homes in desirable areas for a remarkably low price. While many builders failed during the crash, Breland Homes had the resources to acquire the developments of several builders and is thriving. While I have sold several of their homes and my clients are happy, it is very difficult for existing homes to compete for buyers in the $95,000 to $250,000 range.
With interest rates low and sales of existing homes for sale in huntsville slow, now is a good time to consider a purchase. I do think that overall Huntsville's real estate market is coming off the bottom.
There is talk of another Base Realignment and Closings federal hearing in 2013 and Huntsville's Redstone Arsenal is expected to have a substantial net increase in defense positions. While the Obama administration de-funded NASA's Constellation heavy lift space vehicle program resulting in a loss of about 2,500 aerospace positions, Marshall Space Flight Center's budget for 2013 has been describes as adequate. There is talk of another space vehicle program but to my knowledge nothing firm yet.
If you have followed my ramblings on Huntsville's multi-family housing market you will understand that finding decent multi-family property in Huntsville is near impossible and we wouldn't consider managing most of what is available.
Our preference is single family homes in the $120,000 to $280,000 range that will rent in the $1,100 to $1,600 range. We should start our property search on location and schools then filter further on age. Newer homes will be more appealing and have lower maintenance costs. I prefer full brick for lower maintenance and ranch style verses two story to appeal to a wider group of tenants and on resale, to buyers.
Once we start to focus on specific neighborhoods and properties I can research the neighborhood sales, the properties listing history, the sellers mortgages, check for flood zones and consider traffic and traffic noise. We can estimated rental amounts based on research and our experience.
We would make offers contingent on a home inspection and radon testing. We would ask to be able to market a property for rent upon acceptance of an offer and before closing. We have been able to have a tenant ready to move in immediately after closing.
Friday, February 17, 2012
Huntsville City ordinance doesn’t have legs
February 17th, 2012 10:07 AM
Huntsville AL downtown
The ordinance to which you are referring is NOT a City Ordinance. It is a proposed resolution by the Huntsville Council of Neighborhood Associations addressing the need for an ordinance to help neighborhoods that are experiencing issues with rental properties.
The Huntsville Council of Neighborhood Associations is not sanctioned by the City of Huntsville and does NOT have authority to pass such an ordinance. The passage of an ordinance of this magnitude would require drafting of legislation, public hearings, etc.., and is not something that would happen overnight.
We have been monitoring the proposed resolution by the Huntsville Council of Neighborhood Associations and have been in discussion with them as well as with the City of Huntsville. We certainly understand the concern that property managers and real estate investors have over an ordinance of this kind, which in our opinion would be onerous and pose an economic hindrance to our industry.
We will continue to maintain a dialogue with all parties involved and make certain property managers and investors have a seat at the table. We will notify the HAAR membership if there is a need to mobilize on any proposed ordinance(s), but at this stage, there is no proposed rental ordinance in play for the City of Huntsville to even consider.
Keywords; Huntsville Houses We can assist you in finding area Huntsville houses that will meet your needs and price range.You can search the entire Huntsville MLS Homes for sale in Huntsville for houses on your own without having to register. Huntsville City ordinance doesn’t have legs
Wednesday, February 15, 2012
Huntsville investment homes
Huntsville AL
The link below is to a summary of sales in the neighborhood since 01/01/11 including both smaller ranch style and larger two-story homes. (Larger homes will tend to have a lower per square foot value than smaller homes in the same neighborhood.) The average sold price was $62 per square foot with a highest sale at $73 per square foot and a lowest sale at $53 per square foot. The subject property is listed at $46 per square foot. At the lowest sold price it would be $166,000. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115356275 Assuming repairs could be made for $5,000 or less, at the list price the house has at least $16,000 in equity. (A copy of the table follows as well)
Huntsville Alabama skyline
The house is located within the city of Madison but is in Limestone County. Limestone County Probate records are not online so we can't look up the mortgage without and on site visit. Tax records put the home value at $210,818.00 https://www.limestonerevenue.net/PRC/UserWSFramesWithBanner.asp?Item1=17%2006%2013%200%20000%20176.000&Item2=2011&Item3=&Item4=&WSName=PROPERTY%20RECORD&WSClose=1&ActiveCmd= Others will recognize the value in this house. We should move quickly to get an offer in front of Bank of America.
Huntsville Alabama's downtown
Rather than risk loosing what we know is an exceptional buy, my counsel is to make a full price offer with seller paying $3,000 of your closing costs and pre-paid costs. The average sold price in the neighborhood was $86 per square foot. If the house was in good condition it would be worth around $140,000. We should make another visit to the house, make a list of repairs and an estimate of the costs. We can deduct the costs of the repairs from the $140,000 to get an idea of what the current value is. We would make an offer that was something less than that amount. I think that the sunroom is not included in the listed square footage. It does add value but the value per square foot will be less than the house proper.
Downtown Huntsville AL
I think the current listing agent just cloned the square footage along with the entire 2004 listing. The current listing and the 1999 listing show 1,623 square feet. The 1999 listing shows 1,756 square feet. The original 1996 listing shows 1,600 square feet. The tax records show 1,626 square feet. A difference of 26 square feet doesn't concern me. We could measure the house three times and come up with a slightly different measurement each time.
Huntsville Skyline
Properties Recently Sold
Addr: 100 PRESTON CIRCLE
MLS#: 993362 S
#1
City/Area: MADISON/MC
PropType: SF
List Price: $139,900
Sold Price: $139,000
$/Sqft: $73.16
Beds: 3
Baths: 2
AprxSqFt: 1,900
Lot: 70 X 115
SldDate: 07/06/2011
Acres: 0.23
AprxAge: 1-5Yr
Fireplc: One
DOM: 29
ElemSch: HERITAGE
Mid: LIBERT
High: BOBJ
Subdivision: OXFORD
Features: Ra FullBrik Rng/Ovn, CookTop, Dshwsh, Disposl, Mcrowav 2CarGar Patio
Seller Paid Costs: $5,476 Seller Paid Points: $0Agent Comments: Remarks: CLEAN AND NEAT AS A PIN BEST DESCRIBES THIS SPACIOUS THREE BEDROOM FULL BRICK RANCH HOME. FORMAL LIVING ROOM WITH HARDWOOD FLOORS COULD BE USED AS A HOME OFFICE. FORMAL DINING ROOM IS PERFECT FOR THOSE FAMILY GATHERINGS. INVITING GREATROOM WITH FIREPLACE IS BATHED IN NATURAL LIGHT. THE BRIGHT & SUNNY KITCHEN FEATURES LOADS OF CABINETS AND IS OPEN TO THE GREATROOM. RELAX AND ENJOY THE OUTDOORS ON THE PATIO. CALL TODAY!
Addr: 203 MILLBURY COURT
MLS#: 401069 S
#2
City/Area: MADISON/MC
PropType: SF
List Price: $169,999
Sold Price: $169,990
$/Sqft: $64.12
Beds: 3
Baths: 3
AprxSqFt: 2,651
Lot: 119X171
SldDate: 01/30/2012
Acres: 0.46715
AprxAge: 1-5Yr
Fireplc: None
DOM: 110
ElemSch: MILL CRK
Mid: LIBERT
High: BOBJ
Subdivision: OXFORD
Features: 2S 3/4Brick Rng/Ovn, Dshwsh, Disposl, Mcrowav, Dryr, Wshr, Refrig 2CarGar, AttGar, DrOpn, FrntEntr Patio, CvrdPrch, Curb/Gut, Sidewalk, UndgrndU, ParkNear
Seller Paid Costs: $4,600 Seller Paid Points: $0Agent Comments: Remarks: WONDERFUL HOME IS CLOSE TO SHOPPING & SCHOOLS. ALMOST NEW. LIVING, FAMILY & LOFT/BONUS ROOMS. MASTER IS HUGE WITH SITTING AREA, BEAUTIFUL GARDEN TUB IN HUGE MSTR BATH. PRIVACY FENCED LEVEL YARD. MADISON SCHOOLS. SELLER PAYS BUYERS CLOSING COSTS UP TO $4600. WITH FULL PRICE OFFER!!! CALL NOW FOR YOUR SHOWING APPOINTMENT
--Information deemed reliable but not guaranteed--Copyright: 2012 by NALMLS, Inc. WWW.HuntsvilleRealty.NETPrepared by Philip Winburn on 2/10/2012
Properties Recently Sold
Addr: 101 STOCKPORT CIRCLE
MLS#: 839781 S
#3
City/Area: MADISON/MC
PropType: SF
List Price: $215,000
Sold Price: $195,000
$/Sqft: $57.37
Beds: 5
Baths: 3
AprxSqFt: 3,399
Lot: 113.75X70.66
SldDate: 06/09/2011
Acres: 0.18452
AprxAge: 1-5Yr
Fireplc: One
DOM: 183
ElemSch: MILL CRK
Mid: LIBERT
High: BOBJ
Subdivision: OXFORD
Features: 2S, Tr Vinyl/Al, 1/2Brick Rng/Ovn, Dshwsh, Disposl, Mcrowav 2CarGar, AttGar, DrOpn, FrntEntr Patio, UndgrndU
Seller Paid Costs: $2,500 Seller Paid Points: $0Agent Comments: Remarks: SPACIOUS 5 BR/2.5 BATH HOME IN MADISON SCHOOL DISTRICT! LOTS OF SQ. FOOTAGE FOR PRICE. THIS HOME FEATURES HARDWOOD & TILE FLOORING; GREAT ROOM W/FIREPLACE; FORMAL DINING ROOM; TILE IN ALL WET AREAS, KITCHEN & BREAKFAST ROOM. LARGE FAMILY ROOM ON 2ND LEVEL, WIRED FOR SURROUND-SOUND. WALK-IN CLOSETS IN ALL BEDROOMS, MAIN LEVEL MASTER SUITE W/GLAMOUR BATH. LOW MAINTENANCE BRICK & VINYL EXTERIOR, PRIVACY FENCED BACKYARD, EXCELLENT LOCATION, ATTRACTIVE NEIGHBORHOOD!
Addr: 228 BROCKTON DRIVE
MLS#: 351422 S
#4
City/Area: MADISON/MC
PropType: SF
List Price: $229,900
Sold Price: $217,000
$/Sqft: $53.45
Beds: 5
Baths: 4
AprxSqFt: 4,060
Lot: 135.991X75
SldDate: 07/15/2011
Acres: 0.23
AprxAge: 1-5Yr
Fireplc: One
DOM: 172
ElemSch: MILL CRK
Mid: LIBERT
High: BOBJ
Subdivision: OXFORD
Features: 2S 3/4Brick Oven, Dshwsh, Disposl 2CarGar Patio, CvrdPrch, Curb/Gut, Sidewalk, UndgrndU, Dr-Concrete
Seller Paid Costs: $0 Seller Paid Points: $0Agent Comments: Remarks: Great Location! Near Redstone Arsenal, Research Park and Huntsville, minutes from I565. This beautiful home is 4060SF, 5BR and 4BTH , oversized bonus for entertaining family and friends. Privacy Fence and Covered Back Porch for your enjoyment. All the Bedrooms have walk in Closets. Master Bedroom is located on the 1st Floor. Upstairs a Guest Master could be used for Teenager or Mother in Law suite. Already pre-wired for all your media connections. It will not last long.
--Information deemed reliable but not guaranteed--Copyright: 2012 by NALMLS, Inc. WWW.HuntsvilleRealty.NETPrepared by Philip Winburn on 2/10/2012
Sold properties
Total # of Listings
4
Lowest Price Listing
$139,000
Highest Price Listing
$217,000
Average Price
$180,248
Avg. Price/SqFt
$62
Avg. Days on Market
124
--Information deemed reliable but not guaranteed--Copyright: 2012 by NALMLS, Inc. WWW.HuntsvilleRealty.NETPrepared by Philip Winburn on 2/10/2012
Summary Graph/Analysis
Cumulative Analysis
Listing Category
Lowest Price
Highest Price
Average Price
Avg Price/Sqft
Sold
$139,000
$217,000
$180,248
$62
Total
$139,000
$217,000
$180,248
$62Sold Property Analysis
Address
List Price
Sold Price
DOM
% Chg
SP/Sqft
100 PRESTON CIRCLE
$139,900
$139,000
29
0.6%
$73.16
203 MILLBURY COURT
$169,999
$169,990
110
0.0%
$64.12
101 STOCKPORT CIRCLE
$215,000
$195,000
183
9.3%
$57.37
228 BROCKTON DRIVE
$229,900
$217,000
172
5.6%
$53.45
Total Averages
$188,700
$180,248
124
4.5%
$62
--Information deemed reliable but not guaranteed--Inc. WWW.HuntsvilleRealty.NETPrepared by Philip Winburn on 2/10/2012
Property Summary
.
Sta
Street Address
Bed
Baths
SqFt
Aprx. Age
L Price
S Price
Sold Date
DOM
1
S
100 PRESTON CIRCLE
3
2
1,900
1-5Yr
$139,900
$139,000
07/06/2011
29
2
S
203 MILLBURY COURT
3
3
2,651
1-5Yr
$169,999
$169,990
01/30/2012
110
3
S
101 STOCKPORT CIRCLE
5
3
3,399
1-5Yr
$215,000
$195,000
06/09/2011
183
4
S
228 BROCKTON DRIVE
5
4
4,060
1-5Yr
$229,900
$217,000
07/15/2011
172
--Information deemed reliable but not guaranteedInc. WWW.HuntsvilleRealty.NETPrepared by Philip Winburn on 2/10/2012
©2012 Solid Earth, Inc. Solid Maps
--Information deemed reliable but not guaranteed--WWW.HuntsvilleRealty.NETPrepared by Philip Winburn on 2/10/2012
Keywords; Huntsville AL MLS search, Valley MLS, Newcomer information Huntsville AL real estate homes for sale Huntsville. Moving to Huntsville. Homes for sale in Huntsville,Huntsville AL MLS homes for sale real estate. Search the Huntsville MLS and request automated real estate search.
huntsville investment homes
Huntsville Skyline
It is extremely difficult to find decent multifamily property in the MLS. What I usually find are properties that are overpriced or in marginal neighborhoods.
The link below is to the 41 available multifamily properties I could find in Madison County. With the exception of one or two that are overpriced, all are in declining neighborhoods. Except for the over priced ones, I wouldn’t consider managing any of the properties.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115325617
I keep seeing these same properties go on the market, eventually selling and then within a
Huntsville Alabama Downtown park
few months come back on the market when the purchaser realized his mistake.
Merrimack Mill Village is still a very risky neighborhood. There has been some renovation and there is the performing arts center and a few businesses. There is however a very high crime rate. At one time we tried to manage a property in the neighborhood as a favor to the owner. It was a huge nightmare. We did find one good tenant who broke her lease and moved after there was a rape down the street. The other tenants were unreliable and there was a high tenant turnover. Repairs and maintenance were constant both from the tenants and the age and construction of the property.
Huntsville Alabama Skyline
My preference is single family homes. It is more difficult to cash flow single family homes but appreciation, liquidity and ease of management is much better. I know this is contrary to your business plan but I have been approached by far to many owners who didn’t understand what they are getting into with multifamily investment property and came to us in desperation. We learned from experience that it was a poor use of our resources to try and manage low to modest income multifamily properties. We turn down two to three requests to manage multifamily properties every month.
If you were to consider single family homes my recommendation is to focus on schools first then commute time to Redstone Arsenal and Research Park and then availability of shopping.
I searched for properties that might be candidates and found one standout at the link below.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115325642
Huntsville skyline
Huntsville Alabama
Keywords ; Huntsville homes for sale Huntsville Alabama MLS search, Automated Real Estate Search, Homes for sale in Huntsville, HomeValue and Real Estate Market Updates, Huntsville Alabama area Rental Homes, Property Management.
It is extremely difficult to find decent multifamily property in the MLS. What I usually find are properties that are overpriced or in marginal neighborhoods.
The link below is to the 41 available multifamily properties I could find in Madison County. With the exception of one or two that are overpriced, all are in declining neighborhoods. Except for the over priced ones, I wouldn’t consider managing any of the properties.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115325617
I keep seeing these same properties go on the market, eventually selling and then within a
Huntsville Alabama Downtown park
few months come back on the market when the purchaser realized his mistake.
Merrimack Mill Village is still a very risky neighborhood. There has been some renovation and there is the performing arts center and a few businesses. There is however a very high crime rate. At one time we tried to manage a property in the neighborhood as a favor to the owner. It was a huge nightmare. We did find one good tenant who broke her lease and moved after there was a rape down the street. The other tenants were unreliable and there was a high tenant turnover. Repairs and maintenance were constant both from the tenants and the age and construction of the property.
Huntsville Alabama Skyline
My preference is single family homes. It is more difficult to cash flow single family homes but appreciation, liquidity and ease of management is much better. I know this is contrary to your business plan but I have been approached by far to many owners who didn’t understand what they are getting into with multifamily investment property and came to us in desperation. We learned from experience that it was a poor use of our resources to try and manage low to modest income multifamily properties. We turn down two to three requests to manage multifamily properties every month.
If you were to consider single family homes my recommendation is to focus on schools first then commute time to Redstone Arsenal and Research Park and then availability of shopping.
I searched for properties that might be candidates and found one standout at the link below.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115325642
Huntsville skyline
Huntsville Alabama
Keywords ; Huntsville homes for sale Huntsville Alabama MLS search, Automated Real Estate Search, Homes for sale in Huntsville, HomeValue and Real Estate Market Updates, Huntsville Alabama area Rental Homes, Property Management.
Homes for sale in huntsville
Homes for sale in Huntsville; Research on Madison Short sale home.
Huntsville downtown
106 LAKE POINTE CIRCLE has been on market this cycle since 12/01/11.
I spoke with the listing agent who indicated they have had an above full price offer in front of the lender for over 30 – days but that offer had not been accepted by the lender yet.
If we did submit a written offer the listing agent would be obligated to present it to seller and then the lender.
Big Spring Park in Huntsville AL
The link below is to the current active listing and historic listings of the house.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115274422
I looked closer at the listing; While it has a Madison Address the house is served by the Huntsville City schools. I think the schools that serve the property are improving but for now they are just average at best.
http://www.schooldigger.com/go/AL/schools/0180001796/school.aspx
http://www.schooldigger.com/go/AL/schools/0180002146/school.aspx
http://www.schooldigger.com/go/AL/schools/0180001651/school.aspx
The house is listed at $94 per square foot. There haven’t been any sales in the neighborhood sine 01/01/11.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115274425
Huntsville downtown Big Spring Park
Keywords; Homes for sale in Huntsville; Huntsville homes for sale
Downtown Huntsville AL
Huntsville downtown
106 LAKE POINTE CIRCLE has been on market this cycle since 12/01/11.
I spoke with the listing agent who indicated they have had an above full price offer in front of the lender for over 30 – days but that offer had not been accepted by the lender yet.
If we did submit a written offer the listing agent would be obligated to present it to seller and then the lender.
Big Spring Park in Huntsville AL
The link below is to the current active listing and historic listings of the house.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115274422
I looked closer at the listing; While it has a Madison Address the house is served by the Huntsville City schools. I think the schools that serve the property are improving but for now they are just average at best.
http://www.schooldigger.com/go/AL/schools/0180001796/school.aspx
http://www.schooldigger.com/go/AL/schools/0180002146/school.aspx
http://www.schooldigger.com/go/AL/schools/0180001651/school.aspx
The house is listed at $94 per square foot. There haven’t been any sales in the neighborhood sine 01/01/11.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115274425
Huntsville downtown Big Spring Park
Keywords; Homes for sale in Huntsville; Huntsville homes for sale
Downtown Huntsville AL
Tuesday, February 14, 2012
Sunday, February 12, 2012
Homes for sale Huntsville AL, Huntsville AL MLS search, Huntsville Alabama real estate
Huntsville homeowners, property managers, investors and realtors organize to oppose proposed Huntsville city ordinance Homes for sale Huntsville AL, Huntsville AL MLS search, Huntsville Alabama real estate
Thursday, February 9, 2012
homes for sale in huntsville
802 HALSEY AVENUE
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115294771
Sold at $96,000 in 2007
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115294778
Summary of MLS activity in the neighborhood since 06/01/11.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115294783
While growth and improvement in 5 points has slowed in the past four years, the neighborhood is still a great long-term area.
121 MAPLE AVENUE
Huntsville Big Springs Canal
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115294769
The house sold for $6,000 in 1999.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115294787
Huntsville Big Springs Park
This area concerns me. We have two rentals we manage on Huntsville Street a few blocks to the the north. Property values in the area are flat and it’s difficult to attract stable tenants.
The house was on the market for three months in 2011 and has been on the market this cycle since 01/01/11 without selling. When a house has been on market this long there is a reason it hasn’t sold.
The schools that serve the house are fair.
Huntsville Big Spring canal bridge
3205 DELISA CIRCLE
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115294773
The house has been on the market since 11/30/11 without selling. It sold at $57,900 in 2008 and shows as a rental as well at $650. It is a bank owned house.
We manage 400 rental properties and no longer accept properties in the northwest. The schools are very poor and it is impossible to find stable tenants. Property values are still falling.
Huntsville Alabama Big Spring park cotton transport canal from 1800's
1407 BROOK HOLLOW CIRCLE
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115294776
This house is also on the northwest. Two years ago the police found two bodies in the trunk of a car about 3,000' feet to the south on Oster Drive. There haven’t been any arrests in the murders. We did have properties in the area but dropped them.
From your list Halsey is the only property I could reccomend.
I tried searching for other properties in the same price range but found just more of the same. Someone else’s headache.
Keywords; Homes for sale in Huntsville, Huntsville homes for sale – Huntsville Alabama MLS search, Automated Real Estate Search, HomeValue and Real Estate Market Updates, Homes for sale in Huntsville ALHuntsville Alabama area Rental Homes, Property Management.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115294771
Sold at $96,000 in 2007
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115294778
Summary of MLS activity in the neighborhood since 06/01/11.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115294783
While growth and improvement in 5 points has slowed in the past four years, the neighborhood is still a great long-term area.
121 MAPLE AVENUE
Huntsville Big Springs Canal
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115294769
The house sold for $6,000 in 1999.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115294787
Huntsville Big Springs Park
This area concerns me. We have two rentals we manage on Huntsville Street a few blocks to the the north. Property values in the area are flat and it’s difficult to attract stable tenants.
The house was on the market for three months in 2011 and has been on the market this cycle since 01/01/11 without selling. When a house has been on market this long there is a reason it hasn’t sold.
The schools that serve the house are fair.
Huntsville Big Spring canal bridge
3205 DELISA CIRCLE
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115294773
The house has been on the market since 11/30/11 without selling. It sold at $57,900 in 2008 and shows as a rental as well at $650. It is a bank owned house.
We manage 400 rental properties and no longer accept properties in the northwest. The schools are very poor and it is impossible to find stable tenants. Property values are still falling.
Huntsville Alabama Big Spring park cotton transport canal from 1800's
1407 BROOK HOLLOW CIRCLE
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115294776
This house is also on the northwest. Two years ago the police found two bodies in the trunk of a car about 3,000' feet to the south on Oster Drive. There haven’t been any arrests in the murders. We did have properties in the area but dropped them.
From your list Halsey is the only property I could reccomend.
I tried searching for other properties in the same price range but found just more of the same. Someone else’s headache.
Keywords; Homes for sale in Huntsville, Huntsville homes for sale – Huntsville Alabama MLS search, Automated Real Estate Search, HomeValue and Real Estate Market Updates, Homes for sale in Huntsville ALHuntsville Alabama area Rental Homes, Property Management.
Monday, February 6, 2012
homes for sale in huntsville
The house has been on the market since 11/29/11 and was first listed at $103,700. It last sold on 02/14/06 at $106,900. It sold in 200 at $85,000. The link below is to the current and archived listings of the house.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115274136
The link below is to a summary of MLS activity in the neighborhood since 01/01/11. The subject home is listed at $55 per square foot. The average sold price in the neighborhood was $57 per square foot with a range of $52 to $61 per square foot.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115274139
Just based on the recent sales the house seems to be well priced. I do have some concerns about the neighborhood however. The neighborhood is on a hillside and many of the homes have settled and have substantial foundation problems. If we did move forward on the house we would need to have a careful home inspection and possibly a structural inspection by a licensed structural engineer. I'm also a little concerned about the surrounding neighborhood. While homes to the south, east and north are nice and well kept to the east there is a lot of low income, multi-family rental property. A little further east there is a mobile home park.
http://maps.google.com/maps?q=530+FARMINGDALE+ROAD,+HUNTSVILLE,+AL+35803&hl=en&ll=34.615983,-86.56284&spn=0.001982,0.005273&sll=37.0625,-95.677068&sspn=14.20984,64.775391&vpsrc=6&hnear=530+Farmingdale+Rd+SE,+Huntsville,+Alabama+35803&t=h&z=18
The link below is to two south Huntsville homes under $90,000 you may want to consider. 2003 SW SHANNONHOUSE ROAD is a bank owned house and there are no photos. It may be in bad condition but it is in a good area. 2023 SW STANFORD DRIVE is in the desirable medical district.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115274153
Keywords; Huntsville Investment property , Huntsville homes for sale - Huntsville Alabama MLS search, Homes for sale in Huntsville Automated Real Estate Search, HomeValue and Real Estate Market Updates, Huntsville Alabama area Rental Homes, Property Management
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115274136
The link below is to a summary of MLS activity in the neighborhood since 01/01/11. The subject home is listed at $55 per square foot. The average sold price in the neighborhood was $57 per square foot with a range of $52 to $61 per square foot.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115274139
Just based on the recent sales the house seems to be well priced. I do have some concerns about the neighborhood however. The neighborhood is on a hillside and many of the homes have settled and have substantial foundation problems. If we did move forward on the house we would need to have a careful home inspection and possibly a structural inspection by a licensed structural engineer. I'm also a little concerned about the surrounding neighborhood. While homes to the south, east and north are nice and well kept to the east there is a lot of low income, multi-family rental property. A little further east there is a mobile home park.
http://maps.google.com/maps?q=530+FARMINGDALE+ROAD,+HUNTSVILLE,+AL+35803&hl=en&ll=34.615983,-86.56284&spn=0.001982,0.005273&sll=37.0625,-95.677068&sspn=14.20984,64.775391&vpsrc=6&hnear=530+Farmingdale+Rd+SE,+Huntsville,+Alabama+35803&t=h&z=18
The link below is to two south Huntsville homes under $90,000 you may want to consider. 2003 SW SHANNONHOUSE ROAD is a bank owned house and there are no photos. It may be in bad condition but it is in a good area. 2023 SW STANFORD DRIVE is in the desirable medical district.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115274153
Keywords; Huntsville Investment property , Huntsville homes for sale - Huntsville Alabama MLS search, Homes for sale in Huntsville Automated Real Estate Search, HomeValue and Real Estate Market Updates, Huntsville Alabama area Rental Homes, Property Management
Sunday, February 5, 2012
Homes for sale in huntsville research
Research of homes for sale in Huntsville
February 5th, 2012 9:18 PM
7854 Twin Rivers Court at the link below is listed at $620,000 / $94 per square foot. It has been on the market since 06/30/09 and was originally listed at $749,900. It looks like it went under contract on 09/24/10 when it was listed at $536,000 but the sale fell through.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=71159809588347773095
The link below is to the listing where the current owner bought the house $118,250 / $73 per square foot.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=711538095883477730950
The first mortgage dated 8/30/04 was for $494,600.
http://probate.co.madison.al.us/LoadImage.aspx?sk=200408308095883477730950&format=PDF&ref=e08cd07f-518095883477730950b-46ec-8d6e-e8622163c121
The second mortgage was for $123,650 for a total loan amount of $618,250 the purchase price.
http://probate.co.madison.al.us/LoadImage.aspx?sk=200408300809588347773095&format=PDF&ref=e08cd07f-510b-46809588347773095ec-8d6e-e8622163c121
Without knowing the loan interest rate or if seller made additional payment we can estimated that his loan balance will be in the $580,000 range. Including the brokers fee, a $6,000 contribution to purchaser closing costs and a $500 home warranty, purchaser’s will need to sell at about $620,000 to be able to pay off his loans. It’s probably no coincidence that the house is listed at $620,000.
The link below is to a summary of MLS activity in the neighborhood since 01/01/11. The average sold price was $110 per square foot with a range of $98 to $158per square foot. The average days on market were moderate at 117 days and a range of 5 to 199 days.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=80958834777309515809588347773095
My impression of the listing is that was initially listed for WAY too much then became a stale listing and people just assumed something was wrong with it. The listing agent seems a little lazy, The current listing uses the same photos and description as the previous listing including ” NEW SCHOOLS IN 2005 ” When the house wasn’t listed this time until 2009. In the two and a half years it has been on the market it has run down and someone fell through the garage ceiling.
The house is listed “as is” meaning the seller wont warrant anything to work. It is vital that we make any offer contingent on inspection and make sure the water is on to check the plumbing (I think the power is on).
Seller may be motivated to take a loss, the question is does he have money to bring to closing if the sale wont pay off the mortgages.
Huntsville homes for sale -Huntsville Alabama MLS search, Homes for sale in Huntsville Automated Real Estate Search, HomeValue and Real Estate Market Updates, Huntsville Alabama area Rental Homes, Property Management.
February 5th, 2012 9:18 PM
7854 Twin Rivers Court at the link below is listed at $620,000 / $94 per square foot. It has been on the market since 06/30/09 and was originally listed at $749,900. It looks like it went under contract on 09/24/10 when it was listed at $536,000 but the sale fell through.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=71159809588347773095
The link below is to the listing where the current owner bought the house $118,250 / $73 per square foot.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=711538095883477730950
The first mortgage dated 8/30/04 was for $494,600.
http://probate.co.madison.al.us/LoadImage.aspx?sk=200408308095883477730950&format=PDF&ref=e08cd07f-518095883477730950b-46ec-8d6e-e8622163c121
The second mortgage was for $123,650 for a total loan amount of $618,250 the purchase price.
http://probate.co.madison.al.us/LoadImage.aspx?sk=200408300809588347773095&format=PDF&ref=e08cd07f-510b-46809588347773095ec-8d6e-e8622163c121
Without knowing the loan interest rate or if seller made additional payment we can estimated that his loan balance will be in the $580,000 range. Including the brokers fee, a $6,000 contribution to purchaser closing costs and a $500 home warranty, purchaser’s will need to sell at about $620,000 to be able to pay off his loans. It’s probably no coincidence that the house is listed at $620,000.
The link below is to a summary of MLS activity in the neighborhood since 01/01/11. The average sold price was $110 per square foot with a range of $98 to $158per square foot. The average days on market were moderate at 117 days and a range of 5 to 199 days.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=80958834777309515809588347773095
My impression of the listing is that was initially listed for WAY too much then became a stale listing and people just assumed something was wrong with it. The listing agent seems a little lazy, The current listing uses the same photos and description as the previous listing including ” NEW SCHOOLS IN 2005 ” When the house wasn’t listed this time until 2009. In the two and a half years it has been on the market it has run down and someone fell through the garage ceiling.
The house is listed “as is” meaning the seller wont warrant anything to work. It is vital that we make any offer contingent on inspection and make sure the water is on to check the plumbing (I think the power is on).
Seller may be motivated to take a loss, the question is does he have money to bring to closing if the sale wont pay off the mortgages.
Huntsville homes for sale -Huntsville Alabama MLS search, Homes for sale in Huntsville Automated Real Estate Search, HomeValue and Real Estate Market Updates, Huntsville Alabama area Rental Homes, Property Management.
Saturday, February 4, 2012
huntsville mls huntsville homes for sale
Use caution in Lease Purchase transactions.
downtown Huntsville
On the recommendation of our attorney, we structure our lease purchase transactions as options to purchase. She has had cases where a purchaser in a lease purchase defaulted and a judge ruled that the purchaser had an equity or ownership interest in the property. Rather than simply evicting a tenant in default. The seller must foreclose on the purchaser. By structuring the agreement as an option to purchase with a concurrent lease we avoid the potential for purchaser to claim an equity interest.
Madison County Courthouse, Huntsville AL
The attorney also stated that the earnest money paid by the home purchaser must be limited to $2,000 - $3,000. She has seen judges rule that large earnest money payments to the seller by the purchaser created an equity interest for the purchaser. The judge ruled that the agreement was an agreement to purchase and seller had to go through a long and expensive foreclosure process.
downtown Huntsville street view
Dallas Mill water tower Huntsville AL
Downtown Huntsville street scene
Huntsville AL flowering trees
Keywords; Lease purchase homes . Huntsville homes for sale - Huntsville MLS search, Automated Real Estate Search, HomeValue and Huntsville Homes for sale RealEstate Market Updates, Huntsville Alabama area Rental Homes, Property Management.
downtown Huntsville
On the recommendation of our attorney, we structure our lease purchase transactions as options to purchase. She has had cases where a purchaser in a lease purchase defaulted and a judge ruled that the purchaser had an equity or ownership interest in the property. Rather than simply evicting a tenant in default. The seller must foreclose on the purchaser. By structuring the agreement as an option to purchase with a concurrent lease we avoid the potential for purchaser to claim an equity interest.
Madison County Courthouse, Huntsville AL
The attorney also stated that the earnest money paid by the home purchaser must be limited to $2,000 - $3,000. She has seen judges rule that large earnest money payments to the seller by the purchaser created an equity interest for the purchaser. The judge ruled that the agreement was an agreement to purchase and seller had to go through a long and expensive foreclosure process.
downtown Huntsville street view
Dallas Mill water tower Huntsville AL
Downtown Huntsville street scene
Huntsville AL flowering trees
Keywords; Lease purchase homes . Huntsville homes for sale - Huntsville MLS search, Automated Real Estate Search, HomeValue and Huntsville Homes for sale RealEstate Market Updates, Huntsville Alabama area Rental Homes, Property Management.
Friday, February 3, 2012
Homes for sale in huntsville
Homes for sale in Huntsville; Realtors and buyers beware of scams
February 3rd, 2012 8:39 PM
?We have received several calls regarding the request for “wire transfers” into local escrow accounts from foreign purchasers. The types of calls are often “phishing” schemes that seek to acquire your banking information.Be sure to confirm the legitimacy of the request before providing any information as it can prove to be a costly mistake.
Homes for sale in Huntsville
Here is the info about the "buyers" who we feel are attempting to scam realtors. I'll give you all the information we have. They have contacted 3 of our agents so far. Cash buyers.Wants to see 124 Harness Drive.Staying at Country Hearth Inns & Suites on Madison Blvd.No car and wants the agent to pick them up @ 5pm at the hotel and take them to see the home.Sold a house in Arizona 3 years ago.Says the husband is retired military and they are going to start a business here but will not give any information about it.Does not have email.Talks a lot about building an "opulent" home and buying a "customized" car.
There have been reports of listings fraduently appearing on craigslist that appear to have been copied from another internet source.BE ALERT and check this site to ensure that a home you may have listed for sale, does not appear as being offered for rent at a very discounted price. The listor requests that money be sent to them and they will mail the key to the home. BE AWARE.
Several female agents from different companies have been receiving suggestive texts and graphic pictures via their cell phones in the past few weeks. It has been traced back by police to a couple of felons that agents need to be aware of. The men have had several arrests for drugs and burglary but they have alluded police with their latest crime using a “phones for drugs” tactic that is making them hard to find. Female agents should use caution when receiving these texts and contact Huntsville Police. Safety first!
There were two incidents this weekend with two agents with two ladies who are trying to distract open house agents (one succeeded). Please read the accounts below. If you've experienced anything like this recently, please forward info to me and copy rhonda@hbrmls.com . They are moving quickly, you should be quick to respond (camera phone, picture of their car and or them!)===============================Hey Guys,I wanted to report an unfortunate incident which occurred today at my Open House in Madison. I had 2 ladies come as I was locking up and ask if they could come in. One came in and the other stayed in the car. I went through with her, and she said she loved the house and wanted her friend to see it. She asked me if I could ask her friend to come in. I walked to the front door and asked her friend to come in. When we came in, the 1st lady was not where I could see her (she was in the master bedroom on 1st floor). The 2nd lady immediately went upstairs. No knowing what to do, I went upstairs with her. I eventually got them both downstairs and got the "interested party's" name & email address and made an appointment for her to come back on Wednesday for a 2nd look. I just received a call from the owner telling me that someone took close to 10 necklaces from her master bedroom today!!! And of course, the emails I sent to the lady have all 3 returned saying "no such address". The owner said none of the items were valuable, but several were sentimental items. This dear lady has a husband and a son currently serving in Iraq, and someone had the nerve to steal from her! I am so angry, but I want to warn everyone about these "ladies". Please warn everyone - I can't believe it! I had asked the owner to pack up all her valuables, and I thought I was being careful. ===========================================I think the same ladies came to my house today! They both darted off and two different directions and acted very strange. It seemed like they were trying to seperate me from one of them and I stayed with them pretty good until another couple came in and they decided to go back upstairs for one more look! They came in an SUV dark blue or black. They had two young children (8-10yrs) a boy and a girl in the car. Kids stayed in the car. She was supposedly coming to work for NASA in the next two weeks. The number they provided is not a working number and the e-mail address is not a good e-mail address.
Keywords; Homes for sale in Huntsville, Huntsville homes for sale - Huntsville Alabama MLS search, Automated Real Estate Search, HomeValue and Real Estate Market Updates, Huntsville Alabama area Rental Homes,
February 3rd, 2012 8:39 PM
?We have received several calls regarding the request for “wire transfers” into local escrow accounts from foreign purchasers. The types of calls are often “phishing” schemes that seek to acquire your banking information.Be sure to confirm the legitimacy of the request before providing any information as it can prove to be a costly mistake.
Homes for sale in Huntsville
Here is the info about the "buyers" who we feel are attempting to scam realtors. I'll give you all the information we have. They have contacted 3 of our agents so far. Cash buyers.Wants to see 124 Harness Drive.Staying at Country Hearth Inns & Suites on Madison Blvd.No car and wants the agent to pick them up @ 5pm at the hotel and take them to see the home.Sold a house in Arizona 3 years ago.Says the husband is retired military and they are going to start a business here but will not give any information about it.Does not have email.Talks a lot about building an "opulent" home and buying a "customized" car.
There have been reports of listings fraduently appearing on craigslist that appear to have been copied from another internet source.BE ALERT and check this site to ensure that a home you may have listed for sale, does not appear as being offered for rent at a very discounted price. The listor requests that money be sent to them and they will mail the key to the home. BE AWARE.
Several female agents from different companies have been receiving suggestive texts and graphic pictures via their cell phones in the past few weeks. It has been traced back by police to a couple of felons that agents need to be aware of. The men have had several arrests for drugs and burglary but they have alluded police with their latest crime using a “phones for drugs” tactic that is making them hard to find. Female agents should use caution when receiving these texts and contact Huntsville Police. Safety first!
There were two incidents this weekend with two agents with two ladies who are trying to distract open house agents (one succeeded). Please read the accounts below. If you've experienced anything like this recently, please forward info to me and copy rhonda@hbrmls.com . They are moving quickly, you should be quick to respond (camera phone, picture of their car and or them!)===============================Hey Guys,I wanted to report an unfortunate incident which occurred today at my Open House in Madison. I had 2 ladies come as I was locking up and ask if they could come in. One came in and the other stayed in the car. I went through with her, and she said she loved the house and wanted her friend to see it. She asked me if I could ask her friend to come in. I walked to the front door and asked her friend to come in. When we came in, the 1st lady was not where I could see her (she was in the master bedroom on 1st floor). The 2nd lady immediately went upstairs. No knowing what to do, I went upstairs with her. I eventually got them both downstairs and got the "interested party's" name & email address and made an appointment for her to come back on Wednesday for a 2nd look. I just received a call from the owner telling me that someone took close to 10 necklaces from her master bedroom today!!! And of course, the emails I sent to the lady have all 3 returned saying "no such address". The owner said none of the items were valuable, but several were sentimental items. This dear lady has a husband and a son currently serving in Iraq, and someone had the nerve to steal from her! I am so angry, but I want to warn everyone about these "ladies". Please warn everyone - I can't believe it! I had asked the owner to pack up all her valuables, and I thought I was being careful. ===========================================I think the same ladies came to my house today! They both darted off and two different directions and acted very strange. It seemed like they were trying to seperate me from one of them and I stayed with them pretty good until another couple came in and they decided to go back upstairs for one more look! They came in an SUV dark blue or black. They had two young children (8-10yrs) a boy and a girl in the car. Kids stayed in the car. She was supposedly coming to work for NASA in the next two weeks. The number they provided is not a working number and the e-mail address is not a good e-mail address.
Keywords; Homes for sale in Huntsville, Huntsville homes for sale - Huntsville Alabama MLS search, Automated Real Estate Search, HomeValue and Real Estate Market Updates, Huntsville Alabama area Rental Homes,
homes for sale in huntsville al
Homes for sale in Huntsville; Research of specific Huntsville homes for sale
February 3rd, 2012 10:49 AM
209 BRUSH CREEK DRIVE at the link below has been on market since 09/01/11. This a pretty long time for a home in this price range.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115302185
The current listing shows CHRIS DEROCK as the owner of the house. The link below is to the archived listing where he purchased the house 06/29/07 at $119,000. His seller paid $3,000 of his closing costs. This would have covered most if not all his closing and pre-paid costs.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115302187
As best as I can tell the house has been empty since 09/01/11 so there is a good chance the seller is having some financial pressure.
Searching the courthouse records I found the mortgage dated June 29, 2007 for $121,558. The loan amount is $2,588 above the sale price because it is a VA loan with a funding fee that is added to the loan amount.
http://probate.co.madison.al.us/LoadImage.aspx?sk=20070706000479030&format=PDF&ref=248dfc0b-df49-4c0b-8a4c-21cfc85c8c65
Since VA loans are no down payment loans and his seller paid most if not all of his closing costs, the seller paid little to nothing up front to buy the house. The loan amount would have paid down very little however and the seller owes more on the house that what he can net in today's market.
The link below is to the deed.
http://probate.co.madison.al.us/LoadImage.aspx?sk=20070706000479020&format=PDF&ref=248dfc0b-df49-4c0b-8a4c-21cfc85c8c65
The link below is to the summary of MLS activity in the neighborhood since 01/01/11. The average sold price was $77 per square foot with a range of $61 to $91 per square foot. There are four active listings in this small neighborhood that are competing for the same buyers.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115302195
At the highest sold price of $91 per square foot the house would be $131,000 well above the $118,000 list price
Keywords; Huntsville homes for sale - Huntsville Alabama MLS search, Automated Real Estate Search, HomeValue and Real Estate Market Updates, Huntsville Alabama area Rental Homes, Property Management.
February 3rd, 2012 10:49 AM
209 BRUSH CREEK DRIVE at the link below has been on market since 09/01/11. This a pretty long time for a home in this price range.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115302185
The current listing shows CHRIS DEROCK as the owner of the house. The link below is to the archived listing where he purchased the house 06/29/07 at $119,000. His seller paid $3,000 of his closing costs. This would have covered most if not all his closing and pre-paid costs.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115302187
As best as I can tell the house has been empty since 09/01/11 so there is a good chance the seller is having some financial pressure.
Searching the courthouse records I found the mortgage dated June 29, 2007 for $121,558. The loan amount is $2,588 above the sale price because it is a VA loan with a funding fee that is added to the loan amount.
http://probate.co.madison.al.us/LoadImage.aspx?sk=20070706000479030&format=PDF&ref=248dfc0b-df49-4c0b-8a4c-21cfc85c8c65
Since VA loans are no down payment loans and his seller paid most if not all of his closing costs, the seller paid little to nothing up front to buy the house. The loan amount would have paid down very little however and the seller owes more on the house that what he can net in today's market.
The link below is to the deed.
http://probate.co.madison.al.us/LoadImage.aspx?sk=20070706000479020&format=PDF&ref=248dfc0b-df49-4c0b-8a4c-21cfc85c8c65
The link below is to the summary of MLS activity in the neighborhood since 01/01/11. The average sold price was $77 per square foot with a range of $61 to $91 per square foot. There are four active listings in this small neighborhood that are competing for the same buyers.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7115302195
At the highest sold price of $91 per square foot the house would be $131,000 well above the $118,000 list price
Keywords; Huntsville homes for sale - Huntsville Alabama MLS search, Automated Real Estate Search, HomeValue and Real Estate Market Updates, Huntsville Alabama area Rental Homes, Property Management.
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