Homes for sale in Huntsville AL; Huntsville AL MLS news.

Saturday, September 8, 2012

Homes of Huntsville; Homestead


Homes of Huntsville; Where to file homestead
Saturday, September 08 · Edit

Homes of Huntsville; Where to claim homestead exemption September 8th, 2012 5:10 PM
I'm surprised your closing attorney of agent didn't cover this but you can take your deed to the courthouse or an annex to file for homestead exemption. From your house the courthouse would be the closest. If there is not a parking spot on the square park in the lower level of the parking garage on the southwest corner of the square. The entrance is on Fountain Circle just under where the red car is parked at the link below. Park at a meter and enter the courthouse on the west side. The officer at the metal detector will direct you to the license department. If there is a line walk past it. (The link will be for car tag renewals.) Once in the department present you deed, sign a form and you are done. I saw in the MLS you closed in April so you should have your deed by now. https://maps.google.com/maps?q=courthouse+square,+huntsville,+al+35801&hl=en&ll=34.728901,-86.585532&spn=0.001312,0.002637&hq=courthouse+square,&hnear=Huntsville,+Alabama+35801&t=h&z=19 There is also an annex at the Parkway City Mall at the back side on the north end downstairs. It's tucked away in a corner and hard to find.
I hope this helps. Many of my clients like to keep up with Huntsville AL MLS activity in their neighborhood. I set up a notification for you of any new listings / sales or changes to existing listings. If you prefer not to receive the updates, just unsubscribe at the link at the bottom of each email.
The link below is to a summary of all Huntsville AL MLS activity in the neighborhood since 09/01/11. The average sold price was $70 per square foot so it looks like you got a great deal on your Homes of Huntsville purchase. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7116335019
I also like to review early loan payoff on your homes of Huntsville and how to save thousands of dollars in mortgage interest with my clients. You should have received a loan amortization with your loan package. Take a look at it. The first 15 years of your loan most of the monthly payment goes towards interest. The first five years it's almost all interest. If you can make any additional payment it's the best return you can get of anything you can do with your money.


Homes of Huntsville; Where to file homestead. Homes of Huntsville; Where to file homestead.

homes of huntsville; huntsville al mls market comparables

Homes of Huntsville; Huntsville AL MLS market comparables (Homes of Huntsville; Market value comparables
September 8th, 2012 11:59 AM

There was not a listing of the house.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7111536261

The link below is to Huntsville AL MLS activity in the neighborhood since 06/01/09.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7111536306

There are 14 active listings and 3 contingent sales. There were 14 sales at an average $96 per square foot with a range of $85 to $102 psf. The average days on market were moderate at 70 days and a range of 10 to 205 days.

While the large number of active listings is a concern, the numbers certainly look better.

The active listings and comparable sales of homes of Huntsville are owner occupied. They will be easy to show and the owner-occupants and builders are motivated to make the homes as attractive as possible. Keeping them staged, clutter to a minimum and spotlessly clean. With a tenant occupied house, the tenant may not be motivated to keep the property in pristine showing condition and in some cases doesn't want to move. Also, Alabama state law requires the tenant's permission to enter a rented home except in the case of emergency. If the tenant doesn't give permission to enter the property the landlord must post a two-day notice on the home's door, giving the date and time that the landlord or prospective buyer will be at the property. It has been my experience that buyer's and buyer's agents rarely schedule showings two days in advance. Properties on the market must be readily available for showings on short notice. I have even had tenants refuse entry into the property after I posted the two-day notice and was standing at the front door with buyers at my back. According to our attorney, we had no recourse.

While I don't have the number of active investor clients as three years ago, I do know of a couple of investors who might consider purchasing with a tenant in place.

The house might need some freshening up prior to going on market. Landscaping, interior paint, carpet cleaning and possibly replacement are all standard items to consider when putting any homes of Huntsville on the market.


The link below is to the other homes listed for for $184,900 / $96 psf.


http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7111536323

The link below is to Huntsville AL MLS activity in the neighborhood since 06/01/09.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7111536329

The sold data doesn't look as good as Fawn Forest with an average sold price of $71 psf but with a wider range of $49 to $95 psf. The pending average looks better at $94 psf but a range of $87 to $99 psf. Keep in mind that these were the list prices, we wont know the contract price until after closing. Looking at the prices on the active listings is not encouraging.





Homes of Huntsville, Huntsville AL MLS

Investment homes of Huntsville; Huntsville AL MLS research
Homes of Huntsville; Huntsville AL MLS Source You Magazine
You may have heard rumblings in the news lately about something called Quantitative Easing, or QE3 for short. If you're in the market to buy or refinance a home, this is one story to follow. Read on to learn why.
What is Quantitative Easing?Quantitative Easing is the concept of the Fed becoming a buyer of Treasuries and Bonds to try and stimulate the economy. Oftentimes, the Fed does Quantitative Easing when they are hoping to achieve the following things:
To create inflation and avoid a deflationary economy
To lower the unemployment rate
To boost Stock prices
Keep in mind that one of the consequences of Quantitative Easing is that the US Dollar will weaken. This makes US exports more affordable abroad, as well as makes imports appear relatively more expensive. This will help large multi-national companies???which have a large influence on the economy and the major Stock market indices???thus stimulating our economy and hopefully our Labor Market, which continues to struggle.
What Happened During the Last Round of Quantitative Easing (QE2)?It's important to understand that home loan rates are tied to Mortgage Bonds, and when Bonds improve, home loan rates typically move lower. History has shown that Bonds and home loan rates typically improve in anticipation of Quantitative Easing, but then worsen once the official announcement is made. Think about the old investing adage: "Buy on the rumor, and sell on the news."
In a speech delivered on August 27, 2010 in Jackson Hole, Wyoming, Fed Chairmen Ben Bernanke mentioned that QE2 may be coming, saying, "I believe that additional purchases of longer-term securities, should the FOMC choose to undertake them, would be effective in further easing financial conditions." But the Fed didn't take action and begin QE2 until November of that year. Bonds and home loan rates enjoyed a nice rally until the actual official announcement was made.
However, once QE2 officially began in November 2010, we saw a big move higher in Stocks. By the time QE2 concluded in June 2011, the S&P 500 had risen 19%. And when investors moved their money into Stocks during this time, Bonds and home loan rates suffered as a result.
The Bottom LineOn August 31st of this year, Bernanke was back in Jackson Hole, Wyoming delivering another Economic Outlook and Monetary Policy. While he did not commit to another round of Quantitative Easing or QE3, he hinted that one was possible.
If rumors of QE3 continue to swirl, we should continue to see great home loan rates leading up to any actual announcement.
But if the Fed decides to move forward with QE3 and Stocks rally like they did during QE2, the Stock rally could come at the expense of the Bond markets???which would in turn push home loan rates higher.
The great news is that home loan rates remain near historic lows, making now a great time to purchase or refinance a home. If you have any questions about your personal situation, or if you're wondering how you can take advantage of today's low rates, contact the person who supplied you with this month's issue of YOU Magazine. Homes of Huntsville; Huntsville AL MLS Source Gary Thomas, 2012 NAR President-Elect
Last week, I had the opportunity to attend the Republican National Convention along with 2012 NAR Treasurer Bill Armstrong and 2012 Vice President and Liaison to Government Affairs Scott Louser in Tampa, Florida. While everyone was nervous about Hurricane Isaac hitting during the convention, it didn???t dampen the enthusiasm for our message that Homeownership Matters to America!
The convention was an outstanding opportunity for REALTORS?? to meet and talk with GOP elected-officials and candidates about the important role that real estate plays in our economy.
We also saw how important it is for REALTORS?? to get involved in the political process. The week before the convention when the platform was being drafted, the committee overlooked including language about protecting the mortgage interest deduction (MID). Shirley Wiseman and April Newland, both REALTORS?? who were on the platform committee, for language that explicitly puts Republicans on record pledging protection of the MID, although it first gives a nod to the party???s priority to seek comprehensive tax reform. If that doesn???t pass, protecting the MID is paramount. It is an excellent example of REALTORS?? being at the right place at the right time.
The Real Estate Roundtable also hosted a panel discussion on the importance of a strong real estate market to creating a robust economic recovery. There were representatives from commercial, hospitality, multifamily, and architects to make the case. I had the opportunity to represent REALTORS??. Homes of Huntsville Our good friend and former REALTOR??, Senator Johnny Isakson was also a member of the panel. We talked about the importance of maintaining federal incentives for homeownership and ensuring that market-stifling high down payments are not the result of a narrow definition of provisions in the Dodd-Frank law. Huntsville AL MLS We all advocated for a broad definition of these provision, just as Congress intended. Senator Isakson was outstanding on the issue since he was involved in writing the language. The Real Estate Round Table will sponsor the same panel at the DNC convention, and 2012 NAR First Vice President Steve Brown will be representing REALTORS??. If you have a chance, Overall it was a remarkable experience, and I was proud to see our REALTOR?? involvement pay off at such a crucial moment.
Gary Thomas, 2012 NAR President-Elect
54 Responses to REALTOR?? Party Storms Grand Old Party huntsville al mls, Homes of Huntsville
The ???Grand-ol-Gop??? has a habit of feathering their own nest, ( and the ones who tag along with them ) without much regard for much of anything/anyone else.
Taxes are too complicated. It???s easy to get lost in the tax deduction trap. Let???s see???.You pay the govenment $1 in taxes and they give you 25 cents back as a deduction? Sounds like a good deal for the government. They gain 75 cents every time and you lose 75 cents every time.
Why would you need any deduction if there was NO tax in the first place? Now that???s TAX reform!
As I read this post, what jumped out to me was exactly the concern noted by Dick ??? Sep 5 ??? I really am starting to wonder what is the GOP ???vision??? for the future of this country. I beginning to suspect there is no ???vision??? ??? just mantra ??? (1) no tax and (2) no government ??? except to dictate to females.
Carl Halessays:
I personally think the importance of MID is very much overblown. First, there are many home buyers who do not pay any income taxes; secondly the difference in what they would pay without the deduction is not that great except for the very high income individuals. Most decisipons to buy are NOT based on MID>
Tags: homes of huntsville; huntsville al mls

Wednesday, September 5, 2012

Homes of huntsville; Huntsville AL mls


Homes of Huntsville; we generally don't see a substantial increase in sales price on homes with pools verses those that don't
September 5th, 2012 1:30 PM

The square footage of the house you asked about at the link below is 2,583. (Note the third section of the Huntsville AL MLS listing at the left hand side.) It is listed as 11 - 15 years old. ( Last section of the listing at the top left.) http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7116318196 The link below is to the Google satellite image and interactive street view. https://maps.google.com/maps?q=112+RADISSON+LANE,+MADISON,+AL+35758&hl=en&ll=34.7446,-86.752451&spn=0.000359,0.000659&hnear=112+Radisson+Ln,+Madison,+Alabama+35758&t=h&z=21
The links below are to data on the schools that server the home; http://www.schooldigger.com/go/AL/schools/0000802097/school.aspx http://www.schooldigger.com/go/AL/schools/0000801798/school.aspx http://www.schooldigger.com/go/AL/schools/0000800831/school.aspx This cycle the house has been on market since 06/07/12. There have been three price reductions. The seller listed the house for sale in 2009 - 2010 as well at $254,900. The link below is to the archived listing where the owner purchased the house in 2004 at $208,700 with his seller paying $3,000 of his closing. Assuming normal fees, transaction costs and a $3,000 seller contribution to purchaser closing costs, seller's break even point on a sale is in the $212,000 range. The house is occupied. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7116318205 The house is listed at $83 per square foot. They link below is to a summary of Huntsville AL MLS activity of homes of huntsville in the neighborhood since 09/01/11. Of the two sales, the average sold price was $88 per square foot. Note that both of the sales were of smaller one story homes. Larger and two story homes in teh same neighborhood will trend a lower per square foot sales price than smaller one story homes. While the homes does have a pool, we generally don't see a substantial increase in sales price on homes with pools verses those that don't. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7116318214


Tuesday, September 4, 2012

Homes of huntsville, bank owned homes


Homes of Huntsville; It doesn't make sense for BOA to just leave a house empty but they are one of the worst lenders to get a response from.
September 4th, 2012 9:10 PM

I was able to find some old listings in the Huntsville AL MLS for 100 Lisa Ann at the link below. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7116312390 Looking in the Madison County Tax records I couldn't find a 100 Lisa Michelle but did find 100 Lisa Ann, The records at the link below show GARY DEGISO as the owner.

On 7/19/06 Mr. DEGISO took out a first and second mortgage for $89,200 and $16,725 for a total of $105,925. In 2006 it was possible to purchase with no money down using a first and second mortgage. http://probate.co.madison.al.us/LoadImage.aspx?sk=20060719000478870&format=PDF&ref=a642e1e8-fe6e-41eb-bc01-cbf20a0c8549 http://probate.co.madison.al.us/LoadImage.aspx?sk=20060719000478860&format=PDF&ref=a642e1e8-fe6e-41eb-bc01-cbf20a0c8549 Countrywide Mortgage was purchased by Bank of America. I have attempted to contact Bank of America before about foreclosed homes that they own. Their response has always been that we would have to wait until the house is listed for sale with one of their approved realtors. The said that once they are ready to list a house for sale, the listing would be randomly placed with one of their preferred realtors. I went through the application process to become one of their preferred realtors but never received a response. All we can do on this property is wait. Eventually BOA will put it on the market for sale but it could be months. I know it doesn't make sense for BOA to just leave a house empty but they are one of the worst lenders to get a response from. I couple of years ago I had a buyer that wanted to make an offer on one of their bank owned homes. I spent several days, talked to several people and they didn't even have a record of it in their system.
Huntsville homes for sale - Huntsville Alabama MLS search, Homes of Huntsville Automated Real Estate Search, HomeValue and Real Estate Market Updates, Huntsville Alabama area Rental Homes, Property Management.

Saturday, September 1, 2012

Homes of huntsville, huntsville al mls


Homes of Huntsville; Huntsville MLS research
September 1st, 2012 3:40 PM

The link below is to a summary of all Huntsville AL MLS activity in the neighborhood since 08/01/11. It does include frame homes in the older part of the neighborhood that aren't the best comparison. All three of the sales were of the older frame homes. The average sold price was $95 per square foot with a range of $52 to $94 per square foot. There are two pending sales; 110 MOLLY BETTE DRIVE is an older house and was listed at $44 per square foot. It went on the market on 05/03/12 and went under contract in just four days on 05/07/12. The house wasn't a foreclosure. Even if it was in poor condition, someone got a great deal. 120 LISA MICHELLE DRIVE is a better comparison, it was listed at $98 per square foot. We won't know the sales price on these houses until after closing. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7122216306078


The link below is to the listing where the current owner bought the house in 2009 for $124,000 / $93 per square foot. His break even point on a sale assuming he paid $3,000 of a purchaser's closing costs would be in the $133,000 / $99 per square foot range. While the owner may have an interest in selling,

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=711632358406091

The link below is to all the 3+ bedroom 2+ bath listings of homes of Huntsville I could find in south Huntsville from $80,000 to $110,000. There were several listings in SANDHURST PARK, AUTUMN RIDGE and GREEN COVE MEADOWS. Some homes in these three adjacent neighborhoods are well maintained but others are not. It's hard to say if the the neighborhood is in decline or not. As best I can tell it's a relatively stable neighborhood considering what real estate in general has been doing.

Click on the photos for more pictures and on the address' for a map of the approximate location. At the top right of the map, click in hybrid for a satellite image. (The icon may not be on the exact house.)

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=71163060925845846

The Huntsville homes for sale at 110 CAMERON ROAD and 11223 SUN CREST DRIVE caught my eye. We Would have to be VERY cautious on The home at 11223 SUN CREST DRIVE, the sloped lot and hillside location will make it prone to foundation and water runoff problems as well as elevated radon levels.

110 CAMERON ROAD is a bank owned house and has been on the market since just 08/29/12. The link below is to the listing where is sold in 2002 for $117,000.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7116306112584573

The link below is to a summary of MLS activity in the neighborhood, HAYS LAND ESTATES since 08/01/11. At $45 per square foot the house seems to be aggressively priced.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=711630611268545

The link below is to the Google satellite image and street view of the house. Zoom out a bit and you can see it's about 500' from Memorial Parkway and on the main entry to the neighborhood. Its located behind Mikes Merchandise and Haysland Square shopping center with just one house in-between. There will be some traffic on the street and traffic noise from the Parkway.

https://maps.google.com/maps?q=110+CAMERON+ROAD,+HUNTSVILLE,+AL+35802&hl=en&ll=34.65013,-86.569553&spn=0.000509,0.001318&hnear=110+Cameron+Rd+SW,+Huntsville,+Alabama+35802&t=h&z=20


11223 SUN CREST DRIVE has been on the market since 04/26/12. It was listed at $129,800 originally and has had two price reductions to the present $89,900. The link below is to the listing where the current owner bought the house as a foreclosure at $54,000 / $33 per square foot on 12/16/2011. From just the photos it's hard to tell but it doesn't look like the seller did anything to the interior since his purchase. The patio with curbs does look new and was probably build for rainwater diversion. Again we would need to be vary careful to have the house inspected for foundation problems and elevated radon.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=711630610258458


The link below is to the Google street view of the house.

https://maps.google.com/maps?q=11223+SUNCREST+DRIVE,+HUNTSVILLE,+AL+35803&hl=en&ll=34.635847,-86.555585&spn=0.000004,0.002637&hnear=11223+Suncrest+Dr+SE,+Huntsville,+Madison,+Alabama+35803&t=h&z=19&layer=c&cbll=34.635824,-86.55562&panoid=C2Qby6TfoWj1OIw1tOiZ6w&cbp=12,73.63,,0,0

The link below is to the Google satellite image. The house is across the street from the A icon.

https://maps.google.com/maps?q=11223+SUNCREST+DRIVE,+HUNTSVILLE,+AL+35803&hl=en&ll=34.635865,-86.555614&spn=0.001017,0.002637&sll=34.635823,-86.55562&sspn=0.001026,0.002637&t=h&hnear=11223+Suncrest+Dr+SE,+Huntsville,+Madison,+Alabama+35803&z=19
116078
The link below is to the listing where the current owner bought the house in 2009 for $124,000 / $93 per square foot. His break even point on a sale assuming he paid $3,000 of a purchaser's closing costs would be in the $133,000 / $99 per square foot range. While the owner may have an interest in selling, I don't think he would be willing to take a loss. I will let you know what he says. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=711630235846091 The link below is to all the 3+ bedroom 2+ bath listings I could find in south Huntsville from $80,000 to $110,000. There were several listings in SANDHURST PARK, AUTUMN RIDGE and GREEN COVE MEADOWS. Some homes in these three adjacent neighborhoods are well maintained but others are not. It's hard to say if the the neighborhood is in decline or not. As best I can tell it's a relatively stable neighborhood considering what real estate in general has been doing. Click on the photos for more pictures and on the address' for a map of the approximate location. At the top right of the map, click in hybrid for a satellite image. (The icon may not be on the exact house.) http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=71163235806096 The homes at 110 CAMERON ROAD and 11223 SUN CREST DRIVE caught my eye. We Would have to be VERY cautious on The home at 11223 SUN CREST DRIVE, the sloped lot and hillside location will make it prone to foundation and water runoff problems as well as elevated radon levels. 110 CAMERON ROAD is a bank owned house and has been on the market since just 08/29/12. The link below is to the listing where is sold in 2002 for $117,000. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7116306113 The link below is to a summary of MLS activity in the neighborhood, HAYS LAND ESTATES since 08/01/11. At $45 per square foot the house seems to be aggressively priced. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7116323506115 The link below is to the Google satellite image and street view of the house. Zoom out a bit and you can see it's about 500' from Memorial Parkway and on the main entry to the neighborhood. Its located behind Mikes Merchandise and Haysland Square shopping center with just one house in-between. There will be some traffic on the street and traffic noise from the Parkway. https://maps.google.com/maps?q=110+CAMERON+ROAD,+HUNTSVILLE,+AL+35802&hl=en&ll=34.65013,-86.569553&spn=0.000509,0.001318&hnear=110+Cameron+Rd+SW,+Huntsville,+Alabama+35802&t=h&z=20 11223 SUN CREST DRIVE has been on the market since 04/26/12. It was listed at $129,800 originally and has had two price reductions to the present $89,900. The link below is to the listing where the current owner bought the house as a foreclosure at $54,000 / $33 per square foot on 12/16/2011. From just the photos it's hard to tell but it doesn't look like the seller did anything to the interior since his purchase. The patio with curbs does look new and was probably build for rainwater diversion. Again we would need to be vary careful to have the house inspected for foundation problems and elevated radon. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7116235306108 The link below is to the Google street view of the house. https://maps.google.com/maps?q=11223+SUNCREST+DRIVE,+HUNTSVILLE,+AL+35803&hl=en&ll=34.635847,-86.555585&spn=0.000004,0.002637&hnear=11223+Suncrest+Dr+SE,+Huntsville,+Madison,+Alabama+35803&t=h&z=19&layer=c&cbll=34.635824,-86.55562&panoid=C2Qby6TfoWj1OIw1tOiZ6w&cbp=12,73.63,,0,0 The link below is to the Google satellite image. The house is across the street from the A icon. https://maps.google.com/maps?q=11223+SUNCREST+DRIVE,+HUNTSVILLE,+AL+35803&hl=en&ll=34.635865,-86.555614&spn=0.001017,0.002637&sll=34.635823,-86.55562&sspn=0.001026,0.002637&t=h&hnear=11223+Suncrest+Dr+SE,+Huntsville,+Madison,+Alabama+35803&z=19








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