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Displaying blog entries 251-260 of 268

Landscaping can add tens of thousands of dollars to the value of your property. In fact, it is one of the few home improvements that not only adds value immediately, but also increases in value as the years go by. Although the term is typically associated with lawns, trees, bushes, and flowers, items such as fire pits, decks, patios, montgomery al real estatewaterfalls, stone walls, gazebos, arbors, and outdoor lighting can also add to your landscape design and increase the value of your Montgomery AL real estate by as much as 7% to 15%.

Research has found that the number-one thing that buyers are looking for in landscaping is a sophisticated design. Close behind is plant size and maturity. A lesser factor, but one still worth considering, is the diversity of plant life within the landscaping design.

Landscaping gurus offer the following advice for the yard of your Montgomery AL real estate:

  • Have a coherent plan/design before you begin.  Consider factors such as use, cost, climate, color, ecological advantages, environmental effectiveness, variety, and maintenance.  Scour the Web for landscaping ideas and sample designs, consult with professionals in the field, peruse magazine articles, and/or check out what your neighbors have done to enhance their property.
     
  • Avoid common landscaping mistakes.  Don’t plants tress in tight spaces--or too close to your house--or introduce invasive plants because both will result in expensive removal labor eventually. It is also important to heed the information re: watering, sunlight, soil, and climate needs of the plants you purchase.
     
  • Perform regular yard maintenance.  Mow, edge, prune, trim, weed, and mulch as needed to keep your curb appeal at its best.  According to the Appraisal Institute, a home with lackluster or overgrown landscaping will likely be unappealing to both prospective buyers and an appraiser and could definitely affect the home’s potential resale value in a negative way.
     
  • Add a splash of color.  Plant a border of bright blossoms. Dig a flowerbed by the mailbox and add some pansies. Place a brightly colored bench or Adirondack chair on the front porch and put colorful pots on the steps.  Select bushes and trees that will lend different hues to your overall design.

Search all Montgomery AL Real Estate And Homes For Sale.

Sandra Nickel and the Hat Team have distinguished themselves as leaders in the Montgomery AL real estate market. Sandra assists buyers looking for Montgomery real estate for sale and aggressively markets Montgomery AL homes for sale. Sandra is also an expert in helping families avoid foreclosure through short sales and is committed to helping families in financial hardship find options. For more information you can visit AvoidForeclosureMontgomery.com.

Interested in buying a bank-owned home? Get bank-owned listings alerts FREE!

You can reach Sandra by filling out the online contact form below or give her a call anytime.

Why Buy a Home Warranty

by The Hat Team

Not to be confused with homeowner’s insurance, which covers the structure and contents of your home, a warranty service contract is designed to cover systems and appliances that stop working due to normal usage.  Basic home warrantycoverage generally includes the repair and replacement of major appliances such as heating/cooling system, water heater, refrigerator, dishwasher, stove, etc.  Plumbing and electrical systems are also usually covered, and some companies include washer, drier, microwave, and roof maintenance in the basic tier.

Gaining in popularity with both buyers and sellers of Montgomery AL homes, warranty service contracts serve to reassure owners that they won’t face major repair/replacement costs.  Sellers use them to protect the home while it’s on the market and as an incentive to attract buyers.  Buyers rely on them to protect them from unexpected and expensive repairs.  Even Freddie Mac will offer a $500 home warranty credit to home buyers who purchase a qualified, foreclosed single-family home, townhouse, or condominium through their HomeSteps® division.

A warranty plan for your home is fairly inexpensive, typically ranging from $250 to $400, depending on coverage. The policy is prepaid for a year in advance, at which time it expires or can be renewed.  The usual procedure for service needs is as follows:

  • If a home system or appliance breaks or stops working, the home owner calls the home warranty company.
  • The home warranty company calls a provider with which it has a business arrangement.
  • The specific provider calls the home owner to make an appointment.
  • The provider fixes the problem. If an appliance is malfunctioning and cannot be repaired, depending on contract coverage, the home warranty company will pay to replace and install the appliance.
  • The home owner pays a small trade service fee (less than $100) for each service call.

Most home warranty companies offer a variety of plans, each providing different levels of coverage, so be sure to read the details of any contract before buying. If you choose to renew the contract from year-to-year, double-check the details of your plan each time since coverage can change annually.

According to the Service Contract Industry Council, 32 states require home warranty companies to register or obtain a license with that state's department of insurance and comply with applicable laws and financial standards. Membership lists are available at their website.

Ready to buy? Learn why you need a Realtor!

Sandra Nickel and the Hat Team have distinguished themselves as leaders in the Montgomery AL real estate market. Sandra assists buyers looking for Montgomery real estate for sale and aggressively markets Montgomery AL homes for sale. Sandra is also an expert in helping families avoid foreclosure through short sales and is committed to helping families in financial hardship find options. For more information you can visit AvoidForeclosureMontgomery.com.

Interested in buying a bank-owned home? Get bank-owned listings alerts FREE!

You can reach Sandra by filling out the online contact form below or give her a call anytime!

Looking for the Largest Deduction

by The Hat Team

IRS allows taxpayers the option to take the standard deduction or the itemized deduction.  The astute taxpayer will compare to see which one will result in the greatest deduction and the election can be made each year.

deductionsThe 2013 standard deduction for a married couple filing jointly is $12,200 and $6,100 for a single taxpayer.  It doesn’t require any proof of actual expense and has no requirement for home ownership.

Items that can be included on Schedule A for itemized deductions include: 

  • Certain taxes paid for state and local income tax, general sales tax, real estate property taxes, personal property taxes or other taxes paid
  • Qualified home mortgage interest, investment interest or possibly, mortgage insurance premiums
  • Charitable contributions
  • Casualty or theft losses
  • Medical and dental expenses that exceed 7.5% of adjusted gross income if born before 1/2/49 or 10% if born after 1/2/49
  • Job expenses and other miscellaneous deductions that exceed 2% of adjusted gross income

A non-homeowner taxpayer who has been taking the standard deduction needs to consider that it isn’t just the ability to deduct the mortgage interest and property taxes.

While the standard deduction might be the obvious choice for a non-homeowner, the combination of the mortgage interest and the property taxes plus other allowable deductions not recognized previously such as charitable contributions, now makes taking the itemized deductions significantly more advantageous.

Search all Montgomery AL Real Estate And Homes For Sale.

Sandra Nickel and the Hat Team have distinguished themselves as leaders in the Montgomery AL real estate market. Sandra assists buyers looking for Montgomery real estate for sale and aggressively markets Montgomery AL homes for sale. Sandra is also an expert in helping families avoid foreclosure through short sales and is committed to helping families in financial hardship find options. For more information you can visit AvoidForeclosureMontgomery.com.

Interested in buying a bank-owned home? Get bank-owned listings alerts FREE!

You can reach Sandra by filling out the online contact form below or give her a call anytime.

 

What Kind of Showing Was It?

by The Hat Team

showingsOne of the most frequent calls from homeowners to their agents is about the listing’s inactivity due to the lack of showings.  The homeowner commonly believes that the home is shown only when a buyer walks through the house with an agent.

Today’s buyers are more sophisticated than in the past due to the abundance of information available to the public on the Internet.  There are seemingly inexhaustible sites with homes for sale, valuation estimates and virtual tours.  There are extensive mapping sites with satellite images, traffic conditions, entertainment, shopping and other points of interest.

There are actually three legitimate types of property showings.  A knowledgeable buyer can view a home for sale online and make a reasonable determination of whether the home will fit their needs.  Occasionally, buyers will drive by a home to get a feel for the home and also the neighborhood which might cause them to eliminate any further examination or consideration.

The third type, the physical showing, certainly gives the buyer the opportunity for the closest scrutiny but is generally reserved for properties that have passed the inspections of at least one other type of showing.

Sellers should be aware of the different types of showings and that a sales agent’s job is to help the buyer find the right home.  The listing agent’s job is to market the home so that the right buyer finds it either through their own efforts or that of the buyer’s agent.

Search all Montgomery AL Real Estate And Homes For Sale.

Sandra Nickel and the Hat Team have distinguished themselves as leaders in the Montgomery AL real estate market. Sandra assists buyers looking for Montgomery real estate for sale and aggressively markets Montgomery AL homes for sale. Sandra is also an expert in helping families avoid foreclosure through short sales and is committed to helping families in financial hardship find options. For more information you can visit AvoidForeclosureMontgomery.com.

Interested in buying a bank-owned home? Get bank-owned listings alerts FREE!

You can reach Sandra by filling out the online contact form below or give her a call anytime.

Winter Maintenance

by The Hat Team

With a 2,000+ mile long winter storm affecting much of the country, there are plenty of home owners who wish they were better prepared.  Even when you live in warm climates, some of these things are important to check periodically.

tool housePreparing for the change of seasons can make your home more comfortable and protect your investment.  Regular maintenance extends the various components of a home and can generate savings in operating costs while avoiding expensive replacements.

  • Weather strips around doors and windows should be checked for possible air leaks.
  • Caulking around windows and doors should seal out moisture and air leaks.
  • HVAC should be inspected and serviced by a professional annually.
  • Smoke and carbon monoxide detectors should be tested regularly.
  • Ductwork and supply lines from water heaters should be insulated.
  • Fireplace chimneys should be cleaned regularly and fireplaces should be inspected for cracks in mortar and to see if the damper closes properly.
  • Gutters should be free of leaves and debris to prevent rainwater build-up.
  • Tree branches touching or hanging over your roof should be trimmed.

Please contact us if you need a service provider recommendation.

Search all Montgomery AL Real Estate And Homes For Sale.

Sandra Nickel and the Hat Team have distinguished themselves as leaders in the Montgomery AL real estate market. Sandra assists buyers looking for Montgomery real estate for sale and aggressively markets Montgomery AL homes for sale. Sandra is also an expert in helping families avoid foreclosure through short sales and is committed to helping families in financial hardship find options. For more information you can visit AvoidForeclosureMontgomery.com.

Interested in buying a bank-owned home? Get bank-owned listings alerts FREE!

You can reach Sandra by filling out the online contact form below or give her a call anytime.

Who's Paying Your Mortgage?

by The Hat Team

question markAs a homeowner, you obviously pay for your mortgage but as an investor, your tenant does.  Equity build-up is a significant benefit of mortgaged rental property.  As the investor collects rent and pays expenses, the principal amount of the loan is reduced which increases the equity in the property.  Over time, the tenant pays for the property to the benefit of the investor.

Equity build-up occurs with normal amortization as the loan is paid down.  It can be accelerated by making additional contributions to the principal each month along with the normal payment.  Some investors consider this a good use of the cash flows because interest rates on savings accounts and certificates of deposits are much lower than their mortgage rate.

In the example below, is a hypothetical rental with a purchase price of $125,000 with 80% loan-to-value mortgage at 4.5% for 30 years compared to a 3.5% for 15 years.  The acquisition costs were estimated at $3,000, the monthly rent is estimated at $1,250 and $4,800 for operating expenses. 

11-11-2013 7-42-16 AM.png

Notice that both properties have a positive cash flow before tax.  The cash on cash return is the revenue less expenses including debt service divided by the initial investment to acquire the property.  The 15 year mortgage will obviously have a smaller cash flow and lower cash on cash but the equity build-up is significantly higher.

If the goal of the investor is to pay off the property to provide the highest possible cash flow at a later date, a shorter term mortgage with a lower interest rate will help them achieve that.  A simple definition of an investment is to put away today so you’ll have more tomorrow.  Sacrificing cash flow now, during an investor’s earning years, is a reasonable expectation to provide more cash flow in the future when it might be needed more.

Contact me if you’d like to explore rental property opportunities.

Search all Montgomery AL Real Estate And Homes For Sale.

Sandra Nickel and the Hat Team have distinguished themselves as leaders in the Montgomery AL real estate market. Sandra assists buyers looking for Montgomery real estate for sale and aggressively markets Montgomery AL homes for sale. Sandra is also an expert in helping families avoid foreclosure through short sales and is committed to helping families in financial hardship find options. For more information you can visit AvoidForeclosureMontgomery.com.

Interested in buying a bank-owned home? Get bank-owned listings alerts FREE!

You can reach Sandra by filling out the online contact form below or give her a call anytime.

Montgomery AL Real Estate: 36 Boardwalk Street, Pike Road, AL 36064

by The Hat Team

Montgomery AL Real Estate: 36 Boardwalk Street, Pike Road, AL 36064 

MLS # 305080

Charming house near Lake Cameron and the town center of The Waters

This charming house is in the established section of the neighborhood and is like new, but not at a new house price. Beautiful hard wood floors, lots of natural light, lovely kitchen, darling backyard, 1st and 2nd floor porches. Convenient to all of the desirable amenities: Lake Cameron, infinity pool and boat house, town center.

 

Search all Montgomery AL Real Estate And Homes For Sale.

Sandra Nickel and the Hat Team have distinguished themselves as leaders in the Montgomery AL real estate market. Sandra assists buyers looking for Montgomery real estate for sale and aggressively markets Montgomery AL homes for sale. Sandra is also an expert in helping families avoid foreclosure through short sales and is committed to helping families in financial hardship find options. For more information you can visit AvoidForeclosureMontgomery.com.
 

Interested in buying a bank-owned home? Get bank-owned listings alerts FREE!


You can reach Sandra by filling out the online contact form below or give her a call anytime.

Why Borrowers Pay Different Rates

by The Hat Team

interest ratesLenders, like any business, have to make a profit.  The cost of acquiring the funds, the operating costs to service and the expected profit margin are easily identified.  The variable in pricing is the type of mortgage and the credit worthiness of the borrower. 

A loan with a 3.5% down payment is riskier than a loan with 20% down payment.  If the lender has to take the property back to recover their expense, the margin is greater between what is owed and what the property is worth on an 80% mortgage. 

Credit scoring is a risk-based pricing method that allows a lender to be competitive in the market for the best loans from different borrower groups.  Individual lenders set their own levels for what they consider “A” credit which is reserved for the best rates.  If good credit is approximately 710 to 740, scores below that are considered higher risk and will have higher rates.

Risk must be assessed for both the borrower and the property that collateralizes the loan.  The borrower’s credit history and income stability are strongly evaluated by the lender but if a default should occur, the property must secure the loan to avoid a loss to the lender. 

Mortgage pricing.png

The challenge for some buyers is they are unaware of what their credit score is and how it will affect the interest rate offered by the lender.  It is to the buyer’s advantage to be pre-approved by a reputable lender prior to starting the process of looking for a home.  In some cases, the lender can actually improve the borrower’s credit score to help them qualify for a lower interest rate.

Contact me for a recommendation of a trusted mortgage professional - [email protected]

Search all Montgomery AL Real Estate And Homes For Sale.

Sandra Nickel and the Hat Team have distinguished themselves as leaders in the Montgomery AL real estate market. Sandra assists buyers looking for Montgomery real estate for sale and aggressively markets Montgomery AL homes for sale. Sandra is also an expert in helping families avoid foreclosure through short sales and is committed to helping families in financial hardship find options. For more information you can visit AvoidForeclosureMontgomery.com.

Interested in buying a bank-owned home? Get bank-owned listings alerts FREE!

You can reach Sandra by filling out the online contact form below or give her a call anytime.

Have a Happy Halloween At Your Montgomery AL Home!

by The Hat Team

halloweenThere's a goblin at my window,
A monster by my door.
The pumpkin at my table
Keeps on smiling more and more.
There's a ghost who haunts my bedroom,
A witch whose face is green.
They used to be my family,
Till they dressed for Halloween.

- by Sandra Liatsos

Question: What do you do when 50 zombies surround your Montgomery AL home?

Answer: Hope it’s Halloween!!

Did you know that 86% of Americans decorate their houses for Halloween? And Halloween in the US is second only to Christmas in terms of consumer spending!

Halloween actually started as a kind of semi-serious holiday…it was a celebration of the end of the harvest and it is on the eve of All Saints Day (November 1st), also known as All Hallows Day.

That is a day of remembering the saints who have departed this life. Hallows Eve, or evening, became shortened to Hallowe’en and then Halloween. Because it is a day of remembering the dead it conjures up images of ghosts and other spooky things in the night before All Saints Day.

halloween witchIt has become a night of costumes and partying and trick-or-treating. In old Scotland trick-or-treating was known as “guising.” That came from the word “disguise,” as in “disguising” yourself using a costume to go around soliciting treats. Isn’t that a fun word?

Speaking of fun, are you going to carve a pumpkin into a jack-o-lantern? What a fun way to decorate your Montgomery AL home for the holiday. By the way, the term “jack-o-lantern” is said to have come from the spooky appearance of peat bogs sometimes burning in the night. A burning bog flickers with small flames that look very spooky and unnatural at night. If you want some fun with transforming a pumpkin here’s where you can get some patterns and stencils.

If you’re looking for some ideas for dressing up for Halloween try this website for costumes. And your Montgomery AL home won’t be complete unless you have plenty of treats on hand for the goblins coming to your door. Most of all have fun and enjoy the holiday.

Question: What room does a ghost not need?

Answer: A living room!

Happy Halloween!

Montgomery AL Homes For Sale:

3340 Montezuma Road, Montgomery AL, 36106
MLS #304489

Large Spacious Brick Cottage w/ First Floor Master Suite!
 

Live large in great space in this classic story and a half 1920's Cloverdale cottage! Large formal living with fireplace! Dining room looks out on great attached enclosed front porch. The kitchen is up to date with built in china cabinet, center island and tons of cabinets. Nice old house gleaming oak floors, moldings and wainscoting complement downstairs area. Downstairs main bedroom will satisfy most buyers with large sitting area and plenty of room for king bed. Built in desk, bookcases and huge walk in closet complete this suite. Upstairs has two bedrooms, bath and a large den. Wonderful back deck with built in grill for cookouts! Fully fenced yard for kids and pets! Smooth Move pre-inspection on hand for buyers review. View this great spacious home today with us or your favorite agent.

Search all Montgomery AL Real Estate And Homes For Sale.

Sandra Nickel and the Hat Team have distinguished themselves as leaders in the Montgomery AL real estate market. Sandra assists buyers looking for Montgomery real estate for sale and aggressively markets Montgomery AL homes for sale. Sandra is also an expert in helping families avoid foreclosure through short sales and is committed to helping families in financial hardship find options. For more information you can visit AvoidForeclosureMontgomery.com Interested in buying a bank-owned home? Get bank-owned listings alerts FREE

You can reach Sandra by filling out the online contact form below or give her a call anytime.

Displaying blog entries 251-260 of 268

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