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Pending Home Sales Continue to Fall in Dothan
2007-11-01 19:22:00
We have discussed other market numbers recently, including an analysis of days on market, absorption rate, and the overall numbers. All of them point to a slowing market. Today I want to throw a new number into the mix. We’ll call it the Pending Sales Ratio. The number of pending sales gives a good indication of ...
More About: Home , Fall , Conti

Hump Day History - The Naming of Dothan
2007-10-31 19:22:00
We like to have some fun around here about mid week, so here is this week’s addition to Hump Day. Here is one of the many historic markers in and around the Dothan area. This one is located next to the Wiregrass Museum of Art, on Museum Street, just behind the Dothan Civic Center. Most of the ...
More About: History , Nami , Naming

Houston County Tax Records now Online
2007-10-30 14:48:00
Houston County now has its property tax information online for the public to access. This is a trend that is taking place all over the country, and I for one am happy to see that Houston County has followed suit. The information is available through the Revenue Commissioners office. You can also take a look ...
More About: Online , Houston , Records , Cord

Access Homes for Sale in Dothan on your Cell Phone
2007-10-29 19:58:00
mobile.century21.com Visitors can search for properties, agents, and offices, as well as utilize interactive financial tools such as a mortgage calculator, at their convenience via their PDAs, cell phones and other handheld devices with Internet access capability. Buyers driving through a neighborhood can access information on a CENTURY 21 listing immediate using their web-enabled device. Sellers ...
More About: Phone , For Sale , Cell Phone , Cell , Sale

The Best on The Vine This Week
2007-10-26 17:39:00
Living in southeast Alabama, just minutes from the home of the tomato, makes me somewhat of an authority on the subject. There is another authority on subjects related to real estate, and these folks just happen to be called the Tomatoes, because they are clients of the Real Estate Tomato. This is a group of real estate ...
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Home Buyers Seminar coming November 13
2007-10-25 21:11:00
CENTURY 21 Key Realty is sponsoring a Home Buyers Seminar on Tuesday, November 13th, 6:30 pm at the Westgate Community Center. Home sellers are welcome as well! Free information on buying or selling a home from the experts. Representatives from select mortgage companies, home inspectors, and pest control companies will be on hand to answer your ...

Top Five Questions Dothan Home Buyers Ask
2007-10-24 20:04:00
We as real estate agents get asked a lot of questions. Answering those questions is one part of this business that I love the most. There are questions that are asked more often than others, and here are arguably the five we are ask most often. How much home can I afford? Generally speaking you can ...
More About: Questions , Home Buyers , Home , Buyers

Days on Market Analysis of the Dothan Real Estate Market - 3rd Quarter, 200
2007-10-23 15:56:00
We discussed last week the correlation between the number of homes on the market and the number of homes that have sold. Called absorption rate, this calculated figure gives us a gauge as to where the market might be heading. This week, we are talking about something a little more simplistic, days on the market. Everyone ...
More About: Estate , Real Estate , Real Estate Market , Market , Analysis

Top Ten Inexpensive (Even FREE!) Seller Service Enhancements
2007-10-22 16:08:00
As more and more listings hit the market, there are a number of extra things we as listing agents need to do to give our listings a competitive edge. In addition to helping our seller by getting their home sold quicker, the added benefit of doing these things is that they make us more professional ...
More About: Service , Free , Seller

Wiregrass Parade of Homes Showcases the Home, not the Agent
2007-10-20 20:45:00
CENTURY 21 Key Realty is now advertising several of our listings on Wiregrass Parade of Home s. The show airs on Sunday mornings at 9:00 am on FOX 34. Wiregrass Parade of Homes is an alternative to the real estate shows that are typical of the Dothan market. On this show, the house is the center of ...
More About: Agent , Gent

Featured Home - 411 Drake, Dothan
2007-10-20 15:40:00
Beautiful home with a fenced yard for the kids! (Aprox. .88 acre) Open floor plan with formal dining room. Master has private exit to patio and huge bath with seperate shower/jacuzzi. The garage has a storage room. Take time to enjoy the community lake and bring your fishing pole. Property stats - 411 Drake Bedrooms Baths Sq Ft Year Built MLS ...
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The Best on The Vine
2007-10-19 15:53:00
Living in southeast Alabama, just minutes from the home of the tomato, makes me somewhat of an authority on the subject, although I am still not sure whether it is a fruit or a vegetable. There is another type of tomato out there that I want to bring to your attention today however. I am talking ...

Special Financing Offered by Home Builders
2007-10-18 14:06:00
Several homebuilders around Dothan have started offering some special financing options for purchasers of their homes. Programs called 2/1 buydowns are becoming more and more common as builders try to clear finished homes from their inventory. This post will cover this financing option in more detail. When a home buyer is using FHA financing, rules state that the seller is allowed to contribute up to 6% of the sale price toward costs associated with the sale, including closing costs, prepaid items, etc. These special financing options take advantage of this rule and use this money to buy down the purchaser’s interest rate for the first two years of their loan. Here is an example of how this might work on one of my new construction listings, 107 Brittany Drive in Dothan. At a sale price of $175,900, the seller could contribute up to $10,554 (6%) toward buyer costs. The interest rate on the loan would be 6.25%, which means a principal and interest payment of $1066.32, starting ...
More About: Financing , Home , Builders , Special , Builder

Featured Home - 101 Crooked Creek
2007-10-17 23:50:00
Property stats - 101 Crooked Cree k Bedrooms Baths Sq Ft Year Built MLS # List Price 3 2 1900 2007 0123773 $185,500 Another beautiful new construction home just outside of Ashford. Feat ures include a large open family room with separate dining area, nice kitchen with sit down bar, plus a spacious back patio. Special financing options are available! Call or email us for details! Share This
More About: Home , Featured , Creek

October Dothan Planning Commission Meeting
2007-10-17 18:17:00
The Dothan Planning Commission held its monthly meeting today, and I have to say this month’s meeting is one of the shortest I have attended. There were no heavily debated or controversial issues among the ten or so items discussed. The biggest news to me is that Office Depot has received approval of development plans for a new store to be located at 4210 Ross Clark Circle, which is at the intersection of Reeves Street (Hwy 431N) and the Circle. The property is located next to Burger King and across the Circle from north side K-Mart. Whether this is a replacement store for the current location just four to five miles away (I would be surprised if this is the case), or just a second location, is unknown. The preliminary plat for Cottonwood Downs Subdivision (link goes to pdf information) was finally approved after being on and off the agenda for several months now. This development will be located off of Trawick Road near Bob Hall Road on what is currently mostly farm land...
More About: October , Meeting , Missi

Featured Home - 100 Crooked Creek
2007-10-17 13:53:00
Property stats - 100 Crooked Cree k Bedrooms Baths Sq Ft Year Built MLS # List Price 3 2 1879 2007 0123771 $185,500 This is a beautiful new construction home on 1/2 acre located just outside of Ashford. The friendly floor plan is enhanced by a separate dining room, a spacious kitchen, and a large covered patio out back. Financing incentives are available on this property! Call or email for details! Share This
More About: Home , Featured , Feat , Creek

Dothan Real Estate Market Absorption rate analysis for 3rd Quarter
2007-10-16 15:38:00
We have talked about absorption rate before. For those that missed it, absorption rate is the time it would take to clear the market of inventory if no more homes were listed for sale. This is measured in months, and is calculated by dividing the current inventory by the average number of homes sold per ...
More About: Estate , Real Estate , Real Estate Market , Market , Analysis

Three Things To Consider As You Plan For Downsizing
2007-10-15 20:47:00
It is a decision many senior Americans make everyday. Is it time to downsize? As a Senior Real Estate Specialist, I am asked all the time about this subject, and I have seen first-hand the consequences of not planning. Here are three things to consider as you think about your next move. Be realistic on how much space you really need. One of the principal reasons for downsizing is to get rid of stuff you don’t need. You’re not really downsizing if you move into a 1500 square foot house with all the belongs you had in your 2200 square foot house. Have a garage sale, donate items to Goodwill, or get a dumpster. You can watch HGTV for helpful advice on cleaning out your place. Level of upkeep required is important The level of upkeep you will be required to do in your new place is just as important as the size. If you are trying to lessen or even escape yard work, a townhouse or home with a smaller lot will appeal to you. If you plan on being on the road traveling, ...
More About: Things , Plan , Consider

Dancing with the Dothan Stars
2007-10-12 16:00:00
If you haven’t heard the new country music song by Travis Tritt, “You never take me Dancing ”, you will very soon.  The lyrics represent the sentiment that many women feel, yet many men aren’t getting the message.  Guys, if you want your girlfriend or bride to sit through hours of football, basketball, and racing, then try to remember that “Girls just want to have fun” . Many women enjoy dancing and to them, dancing is as natural as breathing. We are so fortunate in the Dothan area to have access to almost any type of dance class, including everything from the Waltz to the Watermelon crawl.  Below you will find information about where you can participate in dance lessons and help you balance your leisure time so that both you and your better half are happy. So, if watching “Dancing with the Stars ” causes you to have happy feet, here are some local dance spots and helpful numbers for you to take advantage of what is available...

Dothan Real Estate Market Update for October, 2007
2007-10-11 21:57:00
The number of homes for sale in Dothan continues skyward. I have mentioned in previous market updates that we have doubled the number of homes on the market in just under two years. Well, in the past six months alone inventory is up nearly 22%. Click on the graphic on the right for a full view of the statistics. Here are the highlights: The number of homes under contract (pending sales) fell to the lowest level since November of 2006. It looks like our seasonal slowdown might be starting a couple of months earlier this year. Sales were down 33% for the third quarter just finished when compared to the third quarter of 2006. There are now over 900 homes on the market, the highest number since May of 2002. At that time, average days on market was around 150 days. Look for average days on market to continue to go up. As it most real estate markets around the country, it is a great time to be a home buyer in Dothan! Share This
More About: Estate , Real Estate , Real Estate Market , Market , Update

Sunday Open Houses in the FREE GAS Giveaway!
2007-10-11 16:37:00
Below is a map of all of this weekend’s open houses. Be sure to click on the ones you are interested in and check the day and time of the open house. All homes will be open from 10 am - Noon on Saturday and/or 2 pm until 4 pm Sunday . You will be able to ...
More About: Houses , Open , Free

Five Things You Absolutely Must Do To Increase Your Chances of Selling
2007-10-10 15:40:00
I have covered ad nauseum how we are now in a buyer’s market and that the number of homes for sale in Dothan continues to rise. Here is quick list of things home sellers need to do to get their home sold in this market. 1) Maximize Curb Appeal Don’t underestimate the power of the view from ...
More About: Selling , Things , Chances , Chan , Absolute

Featured Fine Home - 187 Ridge, Headland
2007-10-09 22:53:00
This home has the attention to detail that you find in a custom built home. A few of the unique features include a large summer kitchen off the back, that includes a gas fireplace and built-in grill, sink, plus nearly 500 square feet of living space. The beaded board ceiling adds a nice touch. There ...
More About: Home , Ridge , Featured , Fine , Feat

Saturday Open Houses - Win Free Gas for a Year!
2007-10-08 23:37:00
Here is a list of all open houses for Saturday , October 13. All homes will be open from 10 am until Noon. Sunday?s list will be posted tomorrow. You will be able to register for the FREE GAS giveaway at each of these open houses. CLICK HERE to download more detailed information (PDF) on each of these houses.  CLICK ...
More About: Houses , Open , Free , Year

Even more reasons to choose south Alabama over Florida
2007-10-05 20:24:00
This is a follow-up to an earlier post where I discussed the advantages of owning real estate and living in the Dothan area versus anywhere in Florida . It seems the Wall Street Journal agrees that Florida is losing a lot of its luster. Here are a few quotes from the article, which you can read in ...
More About: Alabama , South , Reasons , Choose

2 Days Only! Dothan Real Estate Market Clearance Sale!
2007-10-04 17:43:00
Sounds like a good idea, but I haven’t quite figured out how to run an inventory clearance sale like the department stores do. But, we are going to do the next best thing. Next weekend, October 13th and 14th,  CENTURY 21 Key Realty, along with most other CENTURY 21 offices in Alabama, south Georgia, and north Florida, ...
More About: Estate , Real Estate , Real Estate Market , Market , Sale

REDUCED - 471 Pat Wells Road, Cottonwood
2007-10-04 15:28:00
If you are thinking of escaping to the countryside, then take a look at this home on one acre just south of Cottonwood, or about 15 miles from downtown Dothan. Features include all hardwood and tile flooring, a relaxing covered back porch with courtyard, and a beautiful formal dining room. Property stats - 471 Pat Well s ...
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It?s Business 101 - Do what you say you are going to do!
2007-10-03 16:42:00
This post will be somewhat of a rant, so proceed at your own risk. Although it is not really my cup of tea to admonish people for not doing what they say they will do (I simply choose not to do business with them), I hope anyone reading this will understand that to be successful ...
More About: Business , To Do , Going , Sine , Goin

Five facts everyone should know about flood insurance
2007-10-01 22:15:00
Excerpts From USAWeekend 1) Homeowners insurance does not cover flooding. Homeowners insurance typically covers losses associated with wind, lightning, burglary, vandalism, etc. Flood ing is a specific damage and is not lumped into other categories, so under no circumstances is flooding covered under your homeowners policy. The only way to get flood insurance coverage is through the National Flood Insurance ...
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Featured Property - 505 Thunderbird Drive
2007-09-28 23:03:00
Completely updated home in southeast Dothan featuring all new appliances, floor coverings, windows, and cabinets. There is a large fenced backyard to go along with the four bedrooms and the spacious family room. Nothing left to do here but move in! Property Stats - 505 Thunderbird Bedrooms Baths Sq Ft Year Built MLS # List Price 4 2 1857 1969 126108 $109,900 Share This
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