Homes for sale huntsville Huntsville Alabama Real Estate

Huntsville AL homes for sale / Lease purchase home coming available

I would like for your mom to be able to see the house first so she can give you her first hand impressions. Could you please have her give me a call to schedule?

Normally the owner wouldn't be willing to hold a property for a full month but if we locked in a lease purchase, he should be willing to. Do you think she would want to move sooner? It would be easier to get owner approval if we started the lease mid August.

At $146,000 the house is listed at $86 per square foot. The link below is to a summary of MLS activity in the neighborhood. The average sold price was $83 psf with a range of $68 (foreclosure) to $92 per square foot.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7114516570

Based on the recent sales the house is priced within what the market will bear.

The link below is to a map of the property location.

http://maps.google.com/maps?q=200+CHESTNUT+OAK+CIRCLE,+OWENS+CROSS+ROADS,+AL+35763&hl=en&sll=37.0625,-95.677068&sspn=31.095668,86.396484&t=h&z=16

Google estimates 27 min. to Redstone Arsenal.

http://maps.google.com/maps?saddr=Drake+Ave+SW&daddr=200+CHESTNUT+OAK+CIRCLE,+OWENS+CROSS+ROADS,+AL+35763&hl=en&sll=34.654674,-86.546173&sspn=0.251914,0.674973&geocode=FR50EQIdBDrW-g%3BFdDJDwIdMPrY-ilxL0cFCg9iiDEFcDWAxaxSVA&mra=dme&mrsp=0&sz=11&t=h&z=11

The links below are to school data.

http://www.schooldigger.com/go/AL/schools/0222000846/school.aspx

http://www.schooldigger.com/go/AL/schools/0222000566/school.aspx

http://www.schooldigger.com/go/AL/schools/0222000843/school.aspx

Since your mom will be living with you we may be able to use her income and credit with yours to purchase the house. We might be able to purchase much sooner as well. I will bring this up with Haley and see what her advice is. Once we decide whether it's best to move forward with or without your mom on the purchase, we can do some paperwork.


Phillip no questions asked I would love that house, my mother is going to be moving in with me now so the 4th room is perfect. She is going to split all bills with me 50/50 so that payment should be no problem. I'll be there on two weeks and would like to be in the house by the first of Sept if possible. Let me know what u need to make this happen.


My listing below is about to come available. Is this something that would work for you?

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7114510745

Please follow the links below to the photos.


15341 TYLER MILL DRIVE
http://www.youtube.com/watch?v=R4ag39-ZWWQ

Christina my wife previewed this house for us. She said the neighborhood seemed well maintained and the house in good condition. She did say the 2nd and third bedrooms were small.


4893 JAMES STREET
http://www.youtube.com/watch?v=yjJV70PpVCU

The house is in overall good condition. It does need some minor repairs. The porch light fixture needs to be replaced and there were areas on the walls that needed work. The carpet has been replaced and the carpet installer forgot to cut out a hole for one HVAC outlet (register) in the master bedroom.

The house is in an established neighborhood and the schools that serve the house are good. It is about 15 - 29 min. from Redstone Arsenal. The house has been on the market since 10/11/10 and started out listed at $156,900. The house is listed at $149,900 / $91 psf now. I looked for comparable sales in the neighborhood but the homes that did sell were older.

The link below is to a summary of MLS activity in the same general area but outside the neighborhood since 06/01/10. Considering the house does need some minor work, I think that it is priced at the upper end of the market range,  Huntsville AL homes for sale.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7114478646

The links below are to data on the schools that serve the house.

http://www.schooldigger.com/go/AL/schools/0222001513/school.aspx

http://www.schooldigger.com/go/AL/schools/0222000310/school.aspx

http://www.schooldigger.com/go/AL/schools/0222001683/school.aspx

At the map link below Google estimates a commute time to Redstone Arsenal of 21 min..

http://maps.google.com/maps?saddr=4893+JAMES+STREET,+HUNTSVILLE,+AL+35811&daddr=I-565+W&hl=en&sll=34.716782,-86.623077&sspn=0.125863,0.337486&geocode=FZJqEwIdN_jX-imPy8MoDj5iiDEKbWQ21s7YyQ%3BFcCVEQIdnXzV-g&mra=dme&mrsp=1&sz=12&z=12


117 BRAMBLE
http://www.youtube.com/watch?v=rc3-Augaiqg

This is a very nice home. It does need some work but is in overall good condition.The commute to Redstone id about 33 min. The drive seemed really long back into town. A lot of the way is two land road and highway although highway 53 is being widened to a four lane.

http://maps.google.com/maps?saddr=117+BRAMBLE+WAY,+TONEY,+AL+35773&daddr=I-565+W&hl=en&ll=34.811548,-86.699295&spn=0.251437,0.674973&sll=34.716782,-86.623077&sspn=0.125863,0.337486&geocode=FbxKFQIdB87U-il7T4Xw4URiiDGhwovv1mgemw%3BFcCVEQIdnXzV-g&mra=ls&z=11


The links below are to school data.

http://www.schooldigger.com/go/AL/schools/0222000838/school.aspx

http://www.schooldigger.com/go/AL/schools/0222001412/school.aspx

http://www.schooldigger.com/go/AL/schools/0222000848/school.aspx


The house is listed at $143,500 / $88 psf. The link below is to recent MLS activity in the neighborhood. There was only one sale in the neighborhood at $85 psf. There are two other active listings. Both are at $86 psf.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7114478648


Please let me know which house you want to focus on and if you are ready to draft an offer.

We should be able to preview 15341 TYLER MILL DRIVE for you tomorrow. I spoke with the listing agent and have some concerns. She said the seller is about a month and half behind on the mortgage. I'm concerned that if we get into a lease purchase and the lender starts to foreclose the mortgage you will have to move again. They are also asking for a $5,000 non-refundable earnest money and said they want to use that to get current on the mortgage. You could stand to loose the earnest money if the lender forecloses. This situation concerns me.

I told them we would be able to pay $1,000 at most.

I have been trading voice mails with the listing agent on 4893 James Street to get detail on what they are looking for in the lease purchase terms.

117 Bramble Way has a bad phone number on the listing. The limited services realtor hasn't offered any help. All they do is take a fee and post the listing. I will try to locate the owner to get some detail.

I will keep you posted as I make progress.

I have calls into the listing agents now for details and to make sure that the houses are still available. Once I get that information I will start previewing them in order of your preference. The Wyandotte house went under contract over the weekend.

15341 TYLER MILL DRIVE has been on the market since 06/08/11.It's listed at $70 psf.

The link below is to a summary of MLS activity of at lease partial brick homes in the neighborhood since 06/01/05. The average sold price was just $55 psf . The highest sale was at $70 psf.


http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7114455898


To give you an idea of what the neighborhood looks like the link below is to all recent listings in the neighborhood,

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7114455900


The links below are to satellite images and street views of the neighborhood.

http://maps.google.com/maps?q=15341+TYLER+MILL+DRIVE,+ATHENS,+AL+35613&hl=en&sll=37.0625,-95.677068&sspn=30.875284,86.396484&t=h&z=16

http://maps.google.com/maps?q=15341+TYLER+MILL+DRIVE,+ATHENS,+AL+35613&hl=en&ll=34.781086,-86.866088&spn=0,0.021093&sll=37.0625,-95.677068&sspn=30.875284,86.396484&t=h&z=16&layer=c&cbll=34.781086,-86.866088&panoid=aMbQYm-GKDjU8NON_GKw-g&cbp=12,204.05,,0,0


Here are my Top picks in order from Best-Least.
MLS# 352504- 15341 Tyler Mill Drive. (Athens 35613) $124,850
MLS# 618753- 13905 Wyandotte Dr. (Huntsville 35803) $116,000
MLS# 741467- 4893 James St. (Madison 35811) $149,500
MLS# 385808- 117 Bramble Way. (Toney 35773) $143,500

Please let me know ASAP when you have gotten any information back on the houses.I will be in town in 4 weeks so I really need to get this stuff rolling. Please feel free to call or email me if you need anything.

The Listing Agent and owner of the Basin Street house required that we get a firm close date for you. I contacted Haley who got with you around 6.16.11 to work out a few problems. She updated me on 6.20.11 saying you were working to get some items cleared from your credit. On 7.5.11 Haley was able to give me a close date of the end of March 2012.

When I called the listing agent again they already had a sale under contract.

We missed two house already and each time the next house we found was better than the previous one. Now that we have the financing firmed up lets jump back in and see what else we can find. Lets copy Haley on our correspondence so she can keep up with our progress.

The link below is to a handful of available properties that indicated seller will consider a lease purchase or possibly partial owner financing.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7114438137


3234 LAKELAND DRIVE is located west of the airport in Limestone County. The house may work for a starter home but the neighborhood is not selling well and property values are flat to declining.

15341 TYLER MILL DRIVE Is located in Limestone County not far north and west of Madison. I've heard good things about the school and the commute to Redstone shouldn't be bad at all.

140 FARMINGTON DRIVE is in Madison County north of Madison. The builder is the same as the 3234 LAKELAND DRIVE property. The neighborhood is performing about the same, flat to declining values.

2510 PIONEER ROAD is in the same area as the first house I showed your mom. The schools are good and it is very close to Redstone.

13905 WYANDOTTE DRIVE is in the same area.

While 2700 HOBBS ISLAND ROAD is a mobile home I included it because of the location and the acreage. It's just outside the city and close to the river. It's not showing as being in a flood zone and is close to Redstone. Since it is a mobile home Haley may not have the ability to finance it however.

2034 ROSEBURY LANE is in an established, stable neighborhood very close to Redstone. The schools in the area are good and the house should hold it's value. Once the economy turns it should start to appreciate.

591 MULBERRY ROAD is an older house but there have been some updates. It has just over an acre and there is adjoining acreage that is for sale. It's about 30 min. from Redstone.

4893 JAMES STREET caught my eye. It is near where I live and in an established neighborhood. The schools are good and it is about 20 min. to Redstone.

117 BRAMBLE WAY is a large, newer home in Toney it's probably around 30 min, to Redstone.

119 HERRICK DRIVE Is just outside the Arsenal gate. The schools are just above average but there is a new middle school and lots of building in the area. I expect the schools will continue to improve.

Of all the properties the ones I would reccomend to you are the last three.

Please let me know if I need to research / preview any of the houses for you.

The last time we discussed your move date, it was still not firmed up. Do you have a date that you would like to move yet?

I'm sorry we missed the Basin house but in all the years I have been helping buyers I keep seeing that the next house is always better than the one that got away.

Hey was just wanting to check in and see how things are going with the offer on that house. Haley should have given you a preapproval a while ago and I was kinda expecting to see a proposal or offer on the property by now. Please let me know if there is an issue or what is going on as soon as possible. thanks very much.

Seller Templeton purchased the house in 1999 for $112,000 with their seller paying $2,500 of their closing costs. The house has been on the market since 04/17/10. The house started out listed at $161,000 and has had five price changes to the present $149,900. It appears the house has been unoccupied since sometime around 06/15/10.

There have been two sales in the neighborhood in the past year. One at 101 psf and another (a foreclosure with garage conversion) at $63 psf. Based just on that data the current asking price of $87 psf is well within the market range and is probably a great buy.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7114278592

Searching for comparable sales in a wider area I found a handful of comparable sales that support that the list price is at a good buy.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7114278595
Seller is asking for a contract at list price with a $2,000 nonrefundable earnest money and an $1,100 rent. They want to set closing out 9 months. While all the points they are asking for are very reasonable and within market value, we can always ask for more.

From what I know of your situation, the first point we need to negotiate is the $2,000 non refundable earnest money, Would $1,000 fit your budget? We might ask for a sales price of $145,000 and a monthly rent of $1,000. We also need to ask that seller pay up to $3,000 of your closing costs and provide a home warranty at closing.

I called your lender and she is going to re-check your credit scores to get an estimate of when you can qualify for funding. I also need to confirm that you received your VA disability status. If you have there will be no 3% to 3.5% VA funding fee. I think you mentioned a previous VA loan so we need to confirm your eligibility for a new VA loan.

Knowing your eligibility and if there will be a funding fee is important so we know how to structure the offer and know how to approach negotiation.

What date do you expect to be moving?

Photos;
http://www.youtube.com/watch?v=rmC2IXOl4-U

I like this on a lot more as well. Before we make an offer I will take photos and see the house for myself. I have a full schedule through Monday but should be able to work it in.

I know I just sent you an email saying I would wait til I get there but I really like the house at 2403 Basin Street. MLS# 497683. If you can, please try and draw up a Lease offer on this house.

The listing agent emailed me and said they signed a contract with someone else on this house as a purchase, We needed to move a little faster.

The link below is to other properties that may be available as a lease purchase.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7114246300

Please let me know if any of theses houses are candidates.

He will accept the $140,000 but drop the warranty. The reason for dropping the warranty is because all of the appliances are new in the house.

He said they are working another offer so we need to respond quickly

Seller has come back with

Sales Price $141,900. Monthly rent amount of $975

No mention of you not having funds right now.

Please see the attached paperwork we need in order to make the offer. I wanted to get the pre-approval letter from Haley first and make sure I fully understood how long it will take you to get funded. Please call me if you have questions.

I work more lease purchase sales than most local realtors. The June 1 move in date won't be that attractive to the seller. His goal is to get the property producing income as soon as possible. We will need to have as much of our uncertain items cleared as possible before approaching the seller.

I understand that is a settlement coming your way that will allow you clear up a few things and get funded. Do you know the date that you can expect the settlement and to get cleared for funding yet? You may qualify for the VA, 100% financing without the 3% VA funding fee. Do you know the status of your VA disability determination?

If we can get these items firmed up, I can present all of the information with our offer. The stronger we look as buyers to the seller, the more likely he is to negotiate with us and wait the 60 days that we are asking before you take possession. We are in a buyer's market but we need to demonstrate to the seller that we are a strong buyer.

I will contact the listing agent and let him know that you do have an interest in the house and a little about your situation. The listing agent is an honest likeable realtor but he is sharp and experienced. He will watch out for the interests of his client and try to get the seller the best deal possible. I will do the same for you.

I know it may be frustrating trying to lock something in from so far away but from experience, it's important that we firm up these things before sending in an offer.

Huntsville Houses - Huntsville Alabama MLS search, Automated Real Estate Search, HomeValue and Real.Estate Market Updates, Huntsville Alabama area Rental Homes, Property Management.

Thanks for the info, the 138,000 sounds good for an initial offer to try and get things rolling. I would like to try and get the lease started as of 1 June because that is around the time I will be returning back to alabama unless something else happens with my medical paperwork. If I need to sign anything, you can either scan it to my email or I can have my mother sign the paper work for me with a Power of Attorney. Please keep me up to date and let me know what all you need from me to try and get this moving.
Please follow the link below to the photos.

http://www.youtube.com/watch?v=McoMZhqD5Dc

The house is listed at $100 psf and has been on market since 10/18/10 with the current agent. It started our listed at $149,900.

It was listed by another agent from 08/03/10 to 10/04/10 at $159,900. The square footage on that listing shows 1,489 sf, more than the current listing's 1,430 sf. It looks like the current owner bought the house at $87,000 as a foreclosure on 03/19/2010.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7113967839

The average sold price in the neighborhood was $80 psf with a range of $66 to $94 psf. While this house has had upgrades that the others haven't I still think $100 psf is a little high for the neighborhood. The current owner may have over improved the house giving it features that the rest of the neighborhood doesn't have.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7113967846

The house at 412 CARTER ROAD was the highest sale. It did have some freshening up " New roof 2009 and fresh paint throughout. " but not the renovation of the Roma house.

http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7113967854
Based on just the recent sales I was thanking an offer in the $95 psf range would be in order. Given the improvements this homes seller has made the house is probably worth more. If we started out at $95 psf or $138,000 They will probably counter offer but we can get the ball rolling. We will ask for your closing costs to be paid by seller and for a home warranty. The offer will be contingent on a home inspection and radon testing.

Please let me know what you want to offer and when you need to move in on the lease part of the lease purchase.


The listing states : Currently zoned Madison County but may be annexed into city of Madison. but the schools are state as Madison city schools. We will need to confirm the schools.

Huntsville AL MLS homes for sale real estate
Huntsville Alabama MLS search, Automated Real Estate Search, HomeValue and Real Estate Market Updates, Huntsville Alabama area Rental Homes, Property Management.