Homes for around $240,000
May 5th, 2008 - Categories: Buying a home in the Dothan area, Dothan area Real Estate Market information
By: Charles Woodall
Managing Broker
Dothan, AL
http://www.dothanhomesearch.com
Continuing our look at different price ranges around Dothan.
Here are the links that will show you homes for sale in each price range
around $90,000
around $135,000
around $185,000
Today we’re up to $240,000.
Check out this spanish style home on one acre close to downtown Headland listed for $239,000.
There’s a new construction home zoned for Rehobeth schools available for $239,700
Want to be in Dothan? Try this one in the Garden District, this one in The Woodlands, or this newer home in Hidden Lake, all under $240,000.
As always, we would be happy to email you more information on any property you find on our website. Let us know how we can help!
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Only a couple of photos? Don’t waste my time
May 2nd, 2008 - Categories: Selling a home in the Dothan area, For real estate agents
By: Charles Woodall
Managing Broker
Dothan, AL
http://www.dothanhomesearch.com
That’s what buyers are saying according to a study conducted by Point2 (story by RISMedia).
Another study relating to the number of photos a listing posts compares photos to the number of Days on Market (DOM). The findings show that listings with more photos sold faster. This is the shake down on the photos to Days on Market (average) analysis.
- 1 photo = 70 DOM
- 6 photos = 40 DOM
- 16-19 photos = 36 DOM
- 20 photos max - 32 DOMAnd listings with fewer photos sold for less. The Closed NET Price as a percentage of the Original Price also showed a direct correlation. (These findings are based on 2006 numbers and are again estimates.)
- 1 Photo = 91.2% of Original Price
- 6 or more = 95% of Original Price
How many photos did your agent upload to the Internet? Six is the absolute minimum for us.
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Preliminary Country Crossing Concept Design
May 1st, 2008 - Categories: Dothan area information, Dothan area Real Estate Market information
By: Charles Woodall
Managing Broker
Dothan, AL
http://www.dothanhomesearch.com
I had this sent to me by someone that works with the City of Dothan, but I feel certain it is available on the Internet somewhere. This is the preliminary concept rendering for the Country Crossing development. Click on the graphic for a full view.
The target date for opening when the project was announced was July, 2009. To my knowledge, the sale of the land has not closed yet. That date might be a little too ambitious, all things considered.
On another note somewhat related to this project, The Chipley Bugle is reporting that a meeting will take place in a couple of weeks regarding a transportation project to build a toll road from the new airport in Bay County, Florida north to Montgomery, Alabama. This project would go through Houston, Geneva, and Dale counties and replace the proposed the I-10 connector. Hat tip to Rickey Stokes
I have had a lot of people ask what affect this development will have on the local real estate market. I will have a post about that in a few days, so stay tuned.
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If your home for sale is not showing on these websites, you’re missing out
April 30th, 2008 - Categories: Buying a home in the Dothan area, Selling a home in the Dothan area
By: Charles Woodall
Managing Broker
Dothan, AL
http://www.dothanhomesearch.com
The 2007 Profile of Home Buyers and Sellers from the National Association of REALTORS reveals that 84% of home buyers use the Internet as an information source. What are they looking for? 95% were looking for properties for sale. So it stands to reason that sellers whose home is listed on the right websites will have a better chance of getting it in front of the right buyer.
So what are the best sites for home listings? What sites are buyers using the most? Here is an overview.
REALTOR.com is still the leader with the most listings and the highest number of viewers. If your home is listed in a Multiple Listing Service (MLS), it should show up here automatically.
Trulia and Zillow are two up-and-coming real estate websites challenging REALTOR.com. Trulia’s fortay is the ability to price compare properties using current listings and recently sold properties. Zillow’s is similar, except they estimate the value of all houses, not just recently sold and currently listed. Keep in mind that having your home listed on Trulia and Zillow is not automatic. Check with your agent to make sure they list there.
Where do people that are relocating to an area typically go for real estate information on the Internet? Google and Yahoo are likely the top two choices. Judging from the visitors we get here on this site, the usually search terms are “Dothan real estate”, “Dothan homes for sale”, or something similar. Having your listing show up through an MLS search on these local websites is critical. Folks usually won’t go past the first page of results, so make sure the company you list with comes up at or near the top for these search terms.
This is by not means an exhaustive list. There are plenty of websites out there for real estate listings. The point of this post is that home sellers should agressively question their agent about their Internet marketing strategy. With so many buyers on the Internet, you can’t take a chance of missing any of them.
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Homes for around $185,000
April 29th, 2008 - Categories: Buying a home in the Dothan area, Dothan area Real Estate Market information
By: Charles Woodall
Managing Broker
Dothan, AL
http://www.dothanhomesearch.com
Continuing our look at different price ranges around Dothan.
So far we have looked at a few homes priced around $90,000 and some priced at around $135,000. We’re up to $185,000, and there are some nice ones.
We’ve got a nice home outside of Headland sitting on almost two acres. It’s only a couple of years old and is listed for $185,500.
Here’s another one in the country, this one is just outside of Cottonwood. 2200 square feet, all hardwood and tile floors, and offered for $184,762.
Several new construction homes are listed in this price range. Try one on the golf course, one on a former golf course, and one in Midland City.
As always, we would be happy to email you more information on any property you find on our website. Let us know how we can help!
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The Great Dothan Land Grab of 2008
April 28th, 2008 - Categories: Dothan area Real Estate Market information
By: Charles Woodall
Managing Broker
Dothan, AL
http://www.dothanhomesearch.com
Ok, that headline is a little misleading. However, some land owners near the proposed Country Crossing development have raised their asking price substantially, anticipating a rush to buy land for off-shoot development that would almost certainly accompany a project of this size.
Since the exact location of the development was announced last month, local land owners are seeing dollar signs. Sellers are hedging their bets it seems that even though the sale of the land for the actual development has not closed and no construction has begun, speculators are going to swoop in and pay a premium price for land in close proximity.
Here are a few examples:
-
15+ acres located on Hwy 231 South just before the Country Crossing site went from just under $600,000 to over $750,000, or $50,000 per acre
-
Slightly over seven acres, nearly four miles from the site on Hwy 231, back toward Dothan, listed for over $770,000, or $109,000 per acre
-
2.69 acres across from the National Peanut Festival fairgrounds, which is about two miles from the Country Crossing site, offered for $425,000, or about $160,000 per acre
The price of land restricted to residential development is also going up:
- 55+ acres on Hwy 109 a short distance away went from around $550,000 to almost $1.5 million, or around $27,000 per acre
- 20 acres also on Hwy 109 is listed for just over $500,000, or $25,000 per acre
It will be interesting to see how this all plays out. Watch for an update of the status of the Country Crossing development later this week.
Read our previous posts on Country Crossing here and here.
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Down payment gift programs are here to stay
April 25th, 2008 - Categories: Real Estate News, Buying a home in the Dothan area
By: Ann Bourland
Lending Edge Mortgage
Dothan, AL
http://www.lendingedge.net
From an email I received a couple of days ago-
Judge Lawrence K. Karlton of the United States District Court for the Eastern District of California upheld Nehemiah’s motion for summary judgment and invalidated the U.S. Department of Housing and Urban Development (HUD) rule to ban private down payment assistance as proposed in the “Standards for Mortgagor’s Investment in Mortgaged Property” regulation published October 1, 2007.
To be clear, this rule cannot be enforced by HUD and is no longer a threat to private down payment assistance programs.
We are thrilled with the Court’s decision to support low-to-moderate income families across the country by ruling against HUD’s attempt to ban private down payment assistance,” said Scott Syphax, President and CEO of Nehemiah Corporation of America. This is a major and conclusive judgment, leaving no uncertainty that down payment assistance is a life line to the families that Nehemiah serves. It is heartening to see that the Court’s arguments echo our sentiments and concerns. This decision preserves access and supports the use of sensible and reasonable approaches to homeownership for millions of working class families. It is a privilege to continue providing a helping hand to America’s underserved families by building both safer communities and financial strength through homeownership. As we have said before, we look forward to working with HUD to support deserving families across the country.”
What does this mean for Dothan home buyers? It means no down payment options are still available. Give us a call and we’ll be happy to discuss your choices with you.
———————————————————–
Contact Ann Bourland or Kim Kennedy at Lending Edge Mortgage at (334) 836-0963 or by email at aborland(at)edgeloans(dot)com
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How far will home prices fall?
April 24th, 2008 - Categories: Real Estate News, Dothan area Real Estate Market information
By: Charles Woodall
Managing Broker
Dothan, AL
http://www.dothanhomesearch.com
I posted earlier this week that the median home price in the Dothan area has fallen almost 9% (stats from the Dothan MLS) since the peak in the third quarter of 2006. According to Yale University economist Robert Shiller, home prices could fall a lot further.
Median price rose in the Dothan area about 30% between 2000 and 2006, so having to give some back when the market turns like it has is only logical. Only time will if ours have indeed bottomed out, or if the slide resumes.
My opinion is that Shiller’s outlook is far too pessimistic, for our market anyway. Too many good things happening around here right now.
Hat tip to RealCentralVA
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Homes for around $135,000
April 23rd, 2008 - Categories: Buying a home in the Dothan area, Dothan area Real Estate Market information
By: Charles Woodall
Managing Broker
Dothan, AL
http://www.dothanhomesearch.com
Continuing our look at different price ranges around Dothan.
On Monday, we looked at a few homes priced around $90,000. Here is a link to homes for sale in the Dothan MLS priced at around $135,000.
We have a foreclosed 3BR/2BA home zone for Rehobeth schools listed for $134,900. It needs a little work, but would make a great home.
There are a couple of new construction homes listed in the Kinsey area. Both 3BR/2BA and listed for $135,000. Ready to move in!
How about an old farmhouse in the country? Check out this 3BR/1BA built around 1900, just outside of Headland.
As always, we would be happy to email you more information on any property you find on our website. Let us know how we can help!
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Wrapping up Open House month with a full weekend!
April 22nd, 2008 - Categories: Buying a home in the Dothan area, Dothan Area events, CENTURY 21 Homes for Sale
By: Charles Woodall
Managing Broker
Dothan, AL
http://www.dothanhomesearch.com
You have likely seen the ads on TV touting April as CENTURY 21 National Open House month. We at CENTURY 21 Key Realty are participating by having a huge open house weekend this Saturday, April 26th and Sunday, April 27th.
CLICK HERE for details on the homes that will be open this Sunday. You can also see a slideshow over to your right. Click on the home you are interested in for details.
All homes will be open from 1:00 to 5:00 pm on both Saturday and Sunday! Stop by and say HI!
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