About Lauderdale County, AL

Florence Alabama homes for sale are a great investment especially when you look at what this area has to offer. The shoals area has a combined population of 147,137 and growing. Industry continues to visit and decide to stay. Florence Alabama continues to offer the latest in dining trends which includes Olive Garden, Buffalo Wild Wings, Five Guys Burgers and Fries and many, many more.

Florence Alabama currently has a Publix grocery store under construction in the new development on Cox Creek Parkway. This new development includes a new Hibbett Sporting Goods store, Books-A-Million and Joe Muggs. Rumors are that there will be a new Panera Bread in the new Florence Alabama development.

New blue collar industries include Navistar which is establishing it’s roots in Cherokee Alabama and North Alabama Lighting has indicated that it’s current facility will include expansions and new job openings as well. New jobs spell new money. Who said the Florence Alabama area has seen the depression? Just drive thru the city of Florence Alabama and see for yourself.

According to our latest Florence Alabama housing market statistics, our market is up 18.54% compared to last years sales volume. Housing inventories have dropped and the median and average sales prices is up. Sales in the $300,000 range and up area also beginning to show a change for the better.

News just broke today that the the local Veterans Park in Florence Alabama could get a multi-court indoor/outdoor tennis facility. Estimated costs of the new facilities could cost $10 million, $2 million of which has already been set aside for the infrastructure by the city of Florence Alabama. Local government is proposing a 2 cent per gallon fuel tax to help fund the multi-court indoor/outdoor tennis facility.

Florence Alabama city officials believe that these tennis courts could have a $2 million a year economic impact. So why not invest in Florence Alabama homes for sale?

Florence Alabama short sales are not uncommon. In todays real estate market it’s also not uncommon to hear the terms Foreclosure and REO. Foreclosures and REO’s tend to have a reputation with all types of buyers that they can be bought for much less than what they’re asking. Even though foreclosures are priced below market value from the start, they typically sit on the market much longer and have a much lower sale to list price compared to a conventional real estate listing.

There are alternatives to Florence AL foreclosure and REO’s though. It’s called a short sale. Basically, a Florence Alabama short sale is the sale of real estate where the proceeds from the sale fall short of the balance of debt owed against the property and the seller cannot afford to repay the loan in full. The bank or lien holder agrees to release their interest in the property and accept less than the amount owed. Not all short sale agreements release their borrower from the unpaid balance. Properties that are sold short of their balance usually have a shorter days on market, sell much closer to market value and don’t carry the plague a foreclosure does.

Although Florence AL short sales are a much better arrangement for all parties involved banks can still take up to 4 to 9 months to reach a decision. To help with this process three senators have introduced legislation to speed up the short sale process. Senators Lisa Murkowski (R-Alaska), Scott Brown (R-Massachusetts) and Sherrod Brown (D-Ohio) have proposed a bill called the Prompt Notification of Short Sale Act. This bill will require a written response from lenders no later than 75 days after their receipt of a request from a buyer.

It would require the lender to specify their acceptance, rejection, counter offer, need for extension and an estimation of when their decision will be reached. It limits the lenders extension to no more than 21 days.

Florence Alabama short sales do not bring down home values liked foreclosed homes do. Lenders like JPMorgan Chase and Bank of America are even offering some of their borrowers short sale incentives, some paying up to $35,000. Florence AL Short sales are not only a great way for the borrower to get out from underneath a debt heavy home but it allows the lender to save more money compared to the expense of carrying it on their books.

You may ask how do short sales effect my credit score? According to Fair Isaac you can loose 140 to 160 points off your FICO score for a short sale or foreclosure. Although short sales do effect your credit, the road to credit recovery is much shorter. Lenders will consider you for a home two years after a short sale versus up to seven years after a foreclosure.

Follow our link for a list of Florence Alabama short sales.

Florence AL Real Estate / Homes For Sale/Pending/Sold

December 2011 Market Report

41 homes sold during the month of December 2011 in Florence AL. Of these 41 homes, the lowest sales price was $8,750 and the highest was $650,000. Compared to December of last year, number of sales are up, average sales price is up and average days on market is down. Very good news for the Florence AL real estate market.

December Sales broken down by PricePoint shows us the majority of sales are still under $100,000.

December monthly sales figures have steadily risen since the 5 year low in 2008. This is a great example that real estate is local. You shouldn't listen to the national headlines to find out what is going on in your local market.

There are currently 250 homes for sale in Florence AL. These homes broken down by PricePoint:

104 - under $100,000

50 - $100,000 - $149,900

49 - $150,000 - $199,900

22 - $200,000 - $300,000

25 - $300,000 and up

If you would like a complete list of homes in any price range give me a call at 256-366-6292.

When you are ready to buy or sell a home in Florence AL you will need an internet savvy agent who knows the local market.....I can help you with that! You can reach me anytime on my cell at 256-366-6292, by email karen.poss@coldwellbanker.com or website www.karenposshomes.com.

With interest rates the lowest in decades...there has NEVER been a better time to buy or sell in Florence AL.

Homes For Sale In Florence AL

Foreclosures For Sale

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Sometime as buyers agents, our job is to preview homes for out of town buyers. If they find something they are interested in while visiting my website, I am more than happy to preview the home before they have to make the drive to look in person. This is a tour I have put together for some potential out of town buyers who wanted a little more detail than the mls pictures provided.

To my potential buyers: I hope this helps answer any questions you have about this property. There isn't ANYTHING negative I can say about this home. The sellers did an excellent job on the remodel. It has it's own unique style that really is very beautiful. The attention to detail even down to the lighting and choice of interior doors is just beautiful. And the screened in porches are a special touch to help enjoy the beauty of the property. The home is immaculate. The pasture surrounding the barn is wood fencing. Right in the middle of the pasture is a HUGE oak tree. I can only imagine how beautiful it looks in spring, summer and fall. There is an equally HUGE oak tree in the front yard.

View from the street in front. Home sits well off the road with fenced pasture to the left as well as to the right.

These shots are from the back edge of the driveway looking toward the back of the house and across backyard.

View from front porch.

View of the living room from 3 different angles. The hardwood flooring throughout and the tongue and groove ceiling add such character to this home.

View of the Dining room and Kitchen. Doors off the dining area lead to a screened-in back porch. All windows and doorways are trimmed out to match the kitchen cabinets.

This room opens to the left of the living room. It has it's own bath and french doors to another screened in porch.

There are 3 other bedrooms to the right of the living room plus a BEAUTIFUL full bath.

View of Carport with entry to laundry room and additional view of screened in back porch.

View from the back porch looking across the backyard

If you are an out of town buyer looking to move to the Shoals Area...I can help you with that. I would be glad to preview homes for you too. You can begin your search on my website. Once you find something you are interested in, give me a call at 256-366-6292...I will be glad to help you in any way I can.

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When you are ready to buy or sell a home ANYWHERE in The Shoals Area, give me a call.....I can help you with that! You can reach me any time on my cell at 256-366-6292. Or contact me by email at karen.poss@coldwellbanker.com. I look forward to hearing from you.

Florence AL Homes For Sale/Pending/Sold -

Florence AL Market Report Nov 2011

37 properties sold in Florence AL during the month of Nov 2011 (4 were foreclosures)
The average list price of homes sold was $151,947 with a high of $625,000 and a low of $30,500.
The average sold price was $138,602 with a high of $595,000 and a low of $29,900.
Average number of days on market was 95 with a high of 463 and a low of 0(meaning property was sold at time of listing-there were 3 sells with 0 days on the market).



Sales are up by 14 compared to November of 2010. Average list price is up and average days on market is down. With current interest rates being the lowest in history...there has never been a better time to buy or sell a home.



Homes in Florence AL are serviced by the Florence City School District. There are currently 281 homes for sale in Florence AL. If you would like to see available homes for sale in your price range give me a call at 256-366-6292. Or you can find current MLS listings on my website at www.karenposshomes.com.

When you are ready to find an Internet Savvy Realtor who knows the local market...I can help you with that! You can reach me anytime on my cell at 256-366-6292.

Florence AL Homes For Sale

Search Entire Shoals Area MLS

Foreclosures For Sale

Waterfront Homes For Sale