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Brought to you compliments of Horton Appraisal and Inspection. It has taken longer than most of the country but the Real Estate slowdown has made its way to Madison County. November sales figures show a big drop in sales. Yes, November is traditionally a slower month, but this is much lower than anything I have seen in the past five years that I have tracked the numbers. I will just jump straight into the figures since they tell the story. November only had 226 sales in Madison County compared to 380 last month. That is a drop of over 40%, down 52% from November 2007. Average sales price was down 13% from October but only 1.1% from November 2007. Yet median price was up 17% last month from $169,250 to $189,975. Inventory jumped dramatically from 9.2 months to 15.5 months in November. The number of homes for sale stayed about the same with 3,515 homes for sale compared to 3,494 in October. But the lack of sales drove the number up. I will be the first to say I am not expert but another month like this and I don't think any could say it was not a buyers market. One bit of good news is the Days on the Market stayed steady at 82 days compared to 80 in October. Just less of them sold. This is an excerpt From Jeff Horton's Article. Please contact Jeff for a link to the complete article thebottomline@hortonappraisal.com Avar Realty specializes in Flat Fee Real Estate Brokerage. Save thousands on commissions when using our service. Full details are on our website www.avarreatly.com
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Daily Real Estate News | February 2, 2009 |
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Downsizing is a fact of life for many people these days. If you have customers who are facing what can be a traumatic situation, here's some advice you can pass along from Jim Henderson, president of William C. Huff Co., a moving and storage company that specializes in affluent home owners.
Source: The Wall Street Journal, June Fletcher (01/29/2009)
http://www.realtor.org/realtormag
Avar Realty Offers Flat Fee and full service brokerage. List your home in the MLS without paying a listing commission.
Huntsville and North Alabama Premium flat fee discount brokerage. We allow clients to choose from a menu of services that best fit their needs. We full cooperate with all real estate professionals
Ava Terry, ABR is broker for Avar Realty offering residential discount brokerage services. Prior to joining the real estate business Terry worked along side her husband in the operation of their office machine and computer business for 15 years before becoming a licensed real estate agent. Terry served as sales manager for their company in Huntsville, Alabama and with her extensive sales background; Terry oversaw all major accounts in North Alabama and closed the largest individual sale in company history.
As an active member of the industry Terry has completed specified educational and practical experience criteria in order to earn her Accredited Buyer Representative (ABR) designation, given by the Real Estate Buyer's Agent Council (REBAC) of the National Association of Realtors. In addition, Terry is a member of the Institute of Real Estate Management, the Huntsville Board of Realtors the National and Alabama Chapters of CCIM and the International Council of Shopping Centers.
Terry attended Mississippi State University. Ava Terry has been a resident of Madison, Alabama with her husband since 1982.
Avar Realty, LLC offers premium Service for a discount flat fee. Let us put the power of the MLS to work for you. Additionally our continuous education allows us to acquire important market knowledge that we may pass on to you for sound real estate decisions.
We are taking Discount Brokerage to a new level. Instead of charging a percentage commission for each transaction, Avar Realty offers services for a flat fee from a menu of services that home owners can choose from. Our business model calls for a smaller office staffs compared to the traditional brokerages, lower overhead costs, and the savings is passed on to you We maintain a first class image. From our truly artful signs and logos to the MLS listing that comes free with our flat rate, we give our clients more than any other discount real estate broker ever has. And our clients recognize that they are getting a real bargain. Best part is that your property will reach literary thousands of real estate professionals - greatly increasing your selling opportunity. Remember our goal is the same as yours- to get your home sold!
Ava Terry also serves as managing director for Sperry Van Ness Commercial Real Estate Advisors. Sperry Van Ness is a commercial real estate office specializing in the sale of multifamily properties in addition to the sale and leasing of retail properties throughout Alabama and Tennessee. Sperry Van Ness uses the specialized team marketing concept. We create a team and partner with colleagues who are expert in their property types to assure the seller is receiving the competent representation. We fully cooperate with all brokers and agents. Our motto is Maximum Exposure results in Maximum Value. Ava Terry and Neil Victor have worked as a team since 1985. Here are a few of references
Neil Victor is an honest, straightforward, professional agent. He understands the needs of the real estate investor and bends over backwards to make your deal work. He knows that your success is his success, and that long-term relationships are the most important. I have at times been interested in deals that he could have made a nice commission on, but instead he informed me that the deal really wasn't what I was looking for and why. He then found me what I did need. Integrity is the cornerstone of a successful business relationship, and Neil Victor has it!
Dr. Mike T Oregon
Dr. H Huntsville Al
I've been working with Neil Victor for the last 5 months, in those months I've purchase the following properties from him 31 units & 44 units apartment complex, 2 4-PLEX and a single residential home. What I admires most about him is he values the friendship and go out his way to get you a good deal, he compares and let you know his view to stay away from bad ones and recommends what to purchase when good properties came along. I truly recommended Neil to anyone that I like to purchase real estate investment properties in Huntsville area.!
Ricky... San Jose CA
R.W. Long Beach CA
Thank you Neil so much for taking the extra effort to make our first home purchase successful. You were there guiding us through all the crucial and important steps!
Kiet N. Tampa Fl
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