Decatur is a city in Morgan and Limestone counties in the State of Alabama. The city, affectionately known as "The River City", is located in Northern Alabama on the banks of Wheeler Lake, along the Tennessee River. It is the largest city and county seat of Morgan County. The population in 2010 was 55,683.
Decatur is also the core city of the two-county large Decatur, Alabama metropolitan area which had an estimated population of 153,374 in 2013. Combined with the Huntsville Metropolitan Area, the two create the Huntsville-Decatur Combined Statistical Area, of which Decatur is the second largest city.
Like many southern cities in the early 19th century, Decatur's early success was based upon its location along a river. Railroad routes and boating traffic pushed the city to the front of North Alabama's economic atmosphere. The city rapidly grew into a large economic center within the Tennessee Valley and was a hub for travelers and cargo between Nashville and Mobile, as well as Chattanooga and New Orleans. Throughout the 20th century, the city experienced steady growth, but was eclipsed as the regional economic center by the fast-growing Huntsville during the space race. The city now finds its economy heavily based on manufacturing, cargo transit, and hi-tech industries such as General Electric, and the United Launch Alliance.
A total commission of 6% is typically asked for by “full service” Agents working for the big national real estate firms in Decatur, Alabama. 70% of Sellers list with the first Agent they speak to, and we find that most Sellers who agree to pay a full 6% commission do not realize that real estate commissions are NEGOTIABLE!
The national average total real estate commission in 2015 was 5.26% *
In Decatur, Alabama, you will find the following real estate commissions charged*:
Typical Asking Commission: 6.0%
Competitive Commission: 5.0-5.5%
Very Competitive Commission: 4.5-4.99%
The median existing single-family home price in the South rose 6.7%, to $229,400, in the second quarter of 2017 compared to the the second quarter of 2016. Median sales prices for existing homes in the state's Major Metropolitan Areas are as follows:
In the State of Alabama, median home prices are as follows*:
|Metro Area||Median Sales Price||% of Annual Change|
Real Estate Commissions are split between the listing Agent (who works for you to sell your home) and what will be offered on the MLS to any Agent that brings a Buyer to buy your home. In a typical 6% total commission, the listing Broker is paid 3% and 3% is offered on the MLS to all Agents working with Buyers (so they can see what they will earn if they bring their Buyer to your home and complete the sale).
In a competitive commission structure, ranging from 5% to 5.5%, the listing Agent agrees to a listing commission of 2% to 2.5%, and they will recommend that they offer, on the MLS, a commission of 2.5% to 3.0% to the Buyer’s Agent. Your Agent will usually tell you that if they offer less than 2.5% on the MLS that your home “won’t be shown”. This makes sense, in that, all things being equal, the Buyer’s Agent will want as big a payday as possible when they find the right home for their client. This is also especially true if market conditions favor Buyers in a so-called “Buyer’s Market” (high inventory levels in a period of unstable prices).
When you meet with your listing Agent, also remember that, unless they are a “Broker/Owner”, they will have to split their commission with their employing Broker. High producing Agents can work up to getting 90% of the listing commission from their Broker, but typically less experienced Agents may only receive 50% of the listing commission.
At ListingBidder.com, we first negotiate on your behalf a competitive real estate commission structure with HIGHLY EXPERIENCED, HIGHLY RECOMMENDED Agents who know your LOCAL market (even YOUR NEIGHBORHOOD); each ready to bid for your business. These Agents are not just ordinary Agents as many of them are broker/owners and they have the best ability to negotiate their commissions and be competitive, in part because they do not have to share their listing commission with the brokerage firm. This is a direct benefit to you and will save you thousands of dollars in real estate commission fees over the typical fees in Alabama
Sellers who are also buying a home in the same local market have a volume discount advantage. ListingBidder can use this opportunity to negotiate an even better real estate commission rate fee on the sale of your home because the Agent will be more willing to give a deeper discount (a very competitive rate) knowing there is additional commission being earned on the purchase of another home. Be sure to check the box that you are also buying a home locally to receive these better rates.
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As of the census of 2010, there were 55,683 people, 22,576 households, and 14,918 families residing in the city. The population density was 953.5 people per square mile (388.6/km2). There were 24,538 housing units at an average density of 420.2 per square mile (171.2/km2). The racial makeup of the city was 66.5% White, 21.7% Black or African American, 0.7% Native American, 0.9% Asian, 0.1% Pacific Islander, 7.9% from other races, and 2.2% from two or more races. 12.4% of the population were Hispanic or Latino of any race.
There were 22,576 households out of which 28.7% had children under the age of 18 living with them, 46.0% were married couples living together, 15.6% had a female householder with no husband present, and 33.9% were non-families. 29.9% of all households were made up of individuals and 11.4% had someone living alone who was 65 years of age or older. The average household size was 2.42 and the average family size was 2.99.
In the city, the population was spread out with 24.1% under the age of 18, 9.0% from 18 to 24, 26.1% from 25 to 44, 26.3% from 45 to 64, and 14.5% who were 65 years of age or older. The median age was 37.9 years. For every 100 females there were 92.7 males. For every 100 females age 18 and over, there were 96.2 males.
The median income for a household in the city was $43,090, and the median income for a family was $55,158. Males had a median income of $42,146 versus $27,477 for females. The per capita income for the city was $23,615. About 12.8% of families and 17.5% of the population were below the poverty line, including 28.3% of those under age 18 and 11.1% of those age 65 or over.
Decatur has grown to be the busiest river port on the Tennessee River. The Port of Decatur sees large amounts of barge traffic from up and down the Tennessee River, which has led to twelve Fortune 500 companies opening plants in the city. Major employers include General Electric, 3M, Wayne Farms, United Launch Alliance, Nucor, Bunge Limited, Daikin, Hyosung, Ascend Performance Materials, and TVA.
Decatur is also known as the "Home of Meow Mix", after the company bought a 200,000-square-foot (19,000 m2) facility in town, and now utilizes its riverfront property to ship the finished product up and down the Tennessee River.
Being part of the Huntsville-Decatur CSA, the city lies within the region having the most engineers per capita in the nation.
A recent BRAC Base realignment will bring a population, conservatively estimated at 5,000−10,000 people (not including their families), to the area surrounding Redstone Arsenal.
Delta IV rocket
Approval of the United Launch Alliance combined Lockheed-Martin and Boeing's rocket manufacturing contracts to a central location at the plant in Decatur. All satellite launching rockets used by the U.S. government will be built in Decatur. This approval brought over 230 new jobs to the Decatur area. The ULA plant utilizes the Tennessee River to ship the rockets to Cape Canaveral.
In March 2008, a $1.3 billion development, including a Bass Pro Shops was announced for the Interstate 65/Interstate 565 interchange inside the city limits. The development, named Sweetwater, would have included more than 1,000,000 square feet (93,000 m2) of retail space, 825,000 square feet (76,600 m2) of medical and office space, 2,700 residences, and an entertainment venue with seating for up to 8,000 people. A school, fire department, parks and lakes were expected to support the future development. As of Spring 2010, this project still seems to be on the horizon, but there is no set date for the project to start.As of 2012, Bass Pro Shop has removed Decatur from its list of stores "Coming Soon" on its webpage. In 2013, Mayor Don Kyle announced that the "Sweet Water" complex was back on track, but has not announced whether Bass Pro Shops will be involved or not. Research from the Franklin Center for Government and Public Integrity suggests that the economic impact of Bass Pro Shops is typically limited despite the large subsidies the company often receives.