Real Estate Information Archive

Many times folks hear about a reverse mortgage on the television and they think it sounds like the best thing since sliced bread.  There are a few things you need to know about reverse mortgages before you decide to move forward with one and below we have listed a few tips on how to avoid a reverse mortgage nightmare.  

1. One way to avoid even thinking about doing a  reverse mortgage  is to not wait until you simply don’t have any other option.  Do not go into something like a reverse mortgage without counseling with a HUD-certified housing counselor.  If you make huge decisions such as getting involved with a reverse mortgage during a time of financial stress, you will likely end up worse off than you started. 
2. Another tip for avoiding a reverse mortgage nightmare is to search around for all that is offered.  You don’t have to settle for a reverse mortgage just because you think it’s the only thing you can do.  Talk to a financial counselor and find out what all of your options might be and then make an informed decision based off of the facts and not just what you think the facts might be. 
3. If the lender you have chosen to move forward with suddenly starts telling you that your home needs a ton of repairs, be sure to find a new lender as quickly as possible.  HUD insures over 95% of reverse mortgages and they only require that the home be safe and functional.  Any small issues that your home might have shouldn’t even come into play during a reverse mortgage consultation. 
4. If you feel pressured at all to sign on the dotted line to receive a reverse mortgage, do your part and do not sign the papers.  You don’t want to end up in a reverse mortgage nightmare just because you felt like you were being pressured into signing the papers.  Again, get up and leave the room if you feel any kind of pressure to sign on the dotted line for a reverse mortgage.
5. Be sure to show up for the closing if you do decide to do a reverse mortgage.  If you are not present things may go astray and you might end up with a raw deal in the end. 

These are just a few tips to avoiding a reverse mortgage nightmare.  Do your part to pay close attention to detail so that you don’t end up living in the middle of a real nightmare.  

Courtesy of Montgomery AL Real Estate Expert Sandra Nickel.   

Owning a home is a wonderful thing, but you should always be really careful to make the best choices if you make changes to the outside of your home and this includes putting up a fence of any kind.  There are a few tips for adding a fence to your property that you might want to take into consideration before doing so and some of those are listed below. 

1. Before putting up a fence on your property be sure to talk with your neighbors about it.  You need to keep in mind that you are not only putting up a fence in your backyard but you are also adding a fence to your neighbors land as well.  Talk with the neighbors that your fence will directly affect and discuss such things as property lines and types of fencing etc. 
2. Another thing to consider when adding a fence on your property  is the color of the fence and also the style.  Will the color and style of your fence match your home?  If you need ideas of what style fence will look good with your house consider looking online at some ideas.
3. You may want to consider planting trees to use as a fence if you decide you can’t find a style of fencing that will look good with your homes style.  Cypress and pines are great for this type of privacy fencing and they never go out of style. 
4. If you decide to add a wooden fence, be sure that you know you will have to take care of it and paint or stain it every so often.  If you want something that has less maintenance than that you may want to purchase a vinyl fence.  
5. You may want to consider cost as well when deciding what type of material you want your new fence made out of.  Keeping within your budget is always a good idea when adding to your home.
6. Longevity of the fence material is another thing to keep in mind when choosing fencing for your property.  You don’t want to purchase a material that will need to be replaced sooner than you wish for it to. 

These are just a few tips for adding a fence of any kind to your property.  Once you have gone over these tips you should be able to choose more wisely than you would have without them. 

Courtesy of Montgomery AL Real Estate Expert Sandra Nickel 

The housing market is doing well and therefore many folks are starting to think about putting their homes on the market.  Folks may sometimes decide to do a little bit of remodeling before they put their house on the market so that they may get the money they want or need out of it. There are many ways to remodel your home without having to put a lot of money into it. Let's take a look at a few tips for remodeling your home and where to start. 

• A good place to start when remodeling your home is your front door. The front door is one of the first things people see when they take a look at your home and therefore it is an important focal point to concentrate on. You can paint your front door a color that will stand out while still matching the exterior of the house or you may want to purchase a new front door with some decorative glass to give it an extra flair. 
• Adding a fireplace to a home is a great way to remodel it and make it more appealing to potential buyers. This time of year makes a fireplace a very desirable addition to any home.
• If your home has carpet you may want to consider replacing the carpet with hardwoods. If you are lucky enough there may even be beautiful hardwoods underneath the carpet. If that is the case you won't have to do much except pull up the carpet and refinish the floors. 

You can choose to remodel many rooms in your home or you may decide to just do a small amount of remodeling, either way you are likely to get more money for your home once you put it on the market so make your remodeling choices wisely. If remodeling sounds like a daunting task to you, go ahead and hire a professional to get the job done for you. Plan to have enough time to do the job well and to do it right the first time and then plan to put your house on the market once you are finished with all of the remodeling.  Do not put your house on the market before you have completed all the remodeling in its entirety. The last thing you need is folks coming to look at your house with a remodel going on and all the mess that comes along with that. 

Courtesy of Montgomery AL Realtor Sandra Nickel, Sandra Nickel Hat Team.

If you have recently put your house on the market and want it to sell quickly you may need to take a look at a few of these tips on how to eliminate smells so that your house will be more likely to sell. While selling your home quickly may sound good to you, you may not be thinking about exactly how clean your house smells when you have a last minute showing pop up.  If you are caught in a bind with a last minute showing and you need to get rid of a few household odors, be sure to read below for some ideas. 

1. If you have pets you already know that they have a smell all their own.  Pets that may not be house trained yet may be hard to deal with during a house showing.  If you need to cover up the smell of pet urine quickly there are several ways to go about it.  One way to get rid of pee smell in the carpet is to soak the area with enzyme spray.  Another way to get rid of the smell all together (however it may take a bit longer) is to get rid of the carpet once and for all and put in hardwoods. 
2. Another way to eliminate smells so that your house might sell is to open up your windows while you are cooking.  If you know you have a showing one night, be sure to keep your windows open while you are cooking with the hood fan on as well.  Another good way to get rid of the smell of a recently prepared meal in your home is to set a bowl of coffee grounds on the countertop over night (if your showing doesn’t happen to be the same evening of course.)  If you don’t want to take any chances of having your dinner linger during the showing you could always just go out to eat for the evening. 
3. Garbage smell in a home is some of the worst odor possible.  One easy way to get rid of that particular smell is to be sure and take it to the curb before you leave for the showing. 

These are just a few ways that you can get rid of smells in your home  so that your showing might go well and you may be more able to sell your home.  Hopefully they will get you started in the right direction. 

Courtesy of Montgomery AL Realtor Sandra Nickel, Sandra Nickel Hat Team.

If you are in the market for a new home then the very first step you need to take even before you begin your search for the perfect place is to receive a pre-approval on a loan.  Most Realtors won’t take you serious about looking for a home until you have your pre-approval.  There are a few things that need to take place to assure your pre-approval is valid.  If your lender tells you that you are pre-approved within just a few minutes you may want to do some investigation to find out if it’s legitimate pre-approval.   Below are a few suggestions about what you need to do in order to receive a pre-approval.

• Submit an application with the lender of your choice
• Provide all documentation that the lender requires of you
• Given the go ahead and approval for the lender to pull your credit
• Your lender must have found that you meet all the credit guidelines. They will look at things such as your debt-to- income ratio as well as your assets. 
• The lender will have talked with you about what money you need to have together for closing costs as well as what your mortgage payment will be monthly.  Your lender will also go over any or all programs that you may qualify for. 
• An automated underwriting must be made by your lender before you can move forward with your loan.

If you have a good lender, he or she will talk with you about the different requirements to get a pre- approval and they may even determine that you need to work on a few things first and give it a bit of time before you apply for a pre-approval.  Good lenders will spend the time needed with you to figure out where your finances are so that you don’t end up getting in over your head with a home you cannot afford.  Take your time looking for a lender so that you have a good match and one that you can trust.  After all, buying a home is a big deal and you need to be able to trust those who are leading you into your future and home ownership.

Courtesy of Montgomery AL Real Estate Expert Sandra Nickel.

Summer is officially over and that means it’s time to clean out your house and get rid of things you don’t need.  This is the time of year that yard sales abound.  Some yard sales are more profitable than others and there are many reasons why that is so.  Below are a few tips for a successful yard sale. 

1. The first thing you should do to make sure that your yard sale is successful  is to advertise it.  There are many ways you can advertise your yard sale.  One way you can advertise your yard sale is by word of mouth.  Tell everyone you know when your yard sale will be and the items you plan to have in your sale.  Another way to advertise your yard sale is with signs.  Be sure to put out a few signs in different locations so that everyone can see that there is a yard sale coming soon.  Lastly be sure to advertise your yard sale in your local paper.  This is a great way to get the word out that you have an upcoming yard sale.  This needs to be done about a week in advance. 
2. Another way to have a successful yard sale is to be sure to price your items right. By this I mean do not over price your items but also be sure not to under price them either.  Many times folks make the mistake of not pricing their yard sale items at all.  This makes for a very long day telling everyone how much things are when they ask.  It also leaves them a chance to haggle the price with you and no one wants to deal with that all day. 
3. A quick way to make a bit of cash during a yard sale on a hot summer day is to offer drinks for $1.00 each.  This may be something that you have your children do so that they can feel included in the day’s festivities.  You might be surprised at just how many people will pay for something cold to drink when they are hot. 

These are just a few ways to help your yard sale be more successful than it might otherwise be.  There are many other great ideas you can put into practice.  Do what works for you and leave the others behind.  Happy Selling! 

Courtesy of Montgomery AL Realtor Sandra Nickel Hat Team.

We have all seen the tiny houses that are flooding the internet lately, but let’s be honest; do you really want to live in a space so small that you barely have room to move around in your own home?  In all likelihood we can all agree that we really want more space for less money.  Let’s take a look at a few ways to buy big without breaking the bank. 

1. One way that you can buy big without breaking the bank is by going in together with a family member to purchase a home.   You may not like the idea of having someone living with you but if you can afford to buy a large enough house together you might not even be bothered by them as much as you think you will.
    
2. Another way to buy big without breaking the bank is by buying an older home.  Older homes are typically built well and have quite a lot of character.  If you don’t have to have everything new then consider buying an older home so that you can get more bang for your buck.  New is not always better. 
    
3. A great way to buy big without breaking the bank is to bid on a home that is not completely built yet.  You may have  a bit of negotiating room when it comes to the floor plan and if larger is what you want larger might just be what you can get without dishing out a ton of money. 
    
4. If the home you have your eye set on is the one you really want but it just doesn’t seem big enough for your taste, why not aim for renovating and opening up some of the rooms?  This is a great way to make a smaller home feel larger than it is without having to spend a lot of money in the process.  If you don’t have enough cash to do it all right now, you can always open it up a little bit at a time. 
    
5. Finding homes that have been on the market for a while is a great way to get more for your money.  Homes are flying off the market these days, so you showing an interest in a home that isn’t having as much luck as the others is a great way to get more.

These are just a few ideas of how you can get more for your money when it comes to buying a home.   Now that you are aware of how you can get a bigger home without breaking the bank you are well on your way to finding the home for you and yours.  

Courtesy of Montgomery AL Real Estate Expert Sandra Nickel.

Decorating your home can be fun but no other room is more fun than decorating the nursery for the arrival of a new little one.  Nothing brings more happiness than welcoming a new baby into the world and what better way to welcome your new bundle of joy into your home than by fixing the nursery up for them.  Below are a few nursery decorating ideas to welcome your new little one. 

1. A little baby is nothing more than a miracle from above so why not decorate your new baby’s room like the royalty that they are.  Decorating the nursery  in a royal theme is a perfect idea whether you are welcoming a tiny prince or a princess.  You can keep the décor unisex by adding some rich colors to the wall or adding a chandelier to the ceiling.  Adding a few decorative pillows maybe in the shape of a crown might be a good idea as well. 
2. Another cool idea for decorating your nursery is to make it extremely colorful with balloon décor.  This type of room can be unisex as well if you stick to the primary colors of yellow, blue, green and red.  If you want to get really creative you could paint a balloon mural on the wall and perhaps an outdoor scene to go along with it. 
3. If you like country décor you could use painted pallets to add a touch of southern sass to the room.  This type of country décor can be unisex if you want or you can make it more of a cowboy feel or a cowgirl feel depending on which you have been blessed with. 
4. Yet another great decorating idea to welcome your new little one into their new room is a Hollywood glitz and glam room.  Sheer curtains hung throughout the room with walls painted pink is a great way to get this particular look and feel.  Yet again, a chandelier may be appropriate for this type of room. 
5. If you want another gender neutral idea for your baby's room  you can use colors such as grey and yellow.  These colors are not only unisex they are timeless as well. 

Courtesy of Montgomery AL Realtor Sandra Nickel, Sandra Nickel Hat Team!

Here are just a few things you may want to look for in a neighborhood before you buy a home there.  Keep an open mind when searching for a neighborhood and do your best to pay attention to these things and you will most likely enjoy your new home for years to come.

1.  Walkability – A good thing to look for in a neighborhood before you buy is the walkability of it.  If you don’t know, a good place to start is to walk the neighborhood yourself.  If you don’t want to get out and walk around in the neighborhood before you purchase a home there, you can always check the walkability score on sites such as Walk Score. 
2. Neighbors – A great way to check out the neighbors in a hood that you are considering buying a house in is to drive through the neighborhood on a Saturday afternoon.  Most of the time you will at least get to take a look at a few of the neighbors out in their yards.
3. School Rankings – If your children’s education is important to you, you may want to check out the schools in the area in which you are planning to buy a home.  Talk to neighbors, go to the school and talk to teachers, check for school ratings in that area online to get an idea of what you should expect.
4. Crime Rates – It is very important that you check into crime rates in a neighborhood before you make a purchase so that you are not surprised once you move in.  Most of the websites such as Zillow and Trulia have a crime rate locator that will show you just how much crime goes on in different areas.
5. Places Of Interest – A good thing to look for in a neighborhood before you buy a house there is for places of interest nearby.  You may or may not get a chance to do all of the fun things nearby your new home once you move in but knowing there is a lot to do within a close distance may be important to your children.
6. Demographics -   If it is important to be in a neighborhood of people who look like you and who are around the same age you may want to check out the demographics before you buy a house there.

These are just a few things you may want to look for in a neighborhood before you purchase a home there.  Keep an open mind when searching for a neighborhood and do your best to pay attention to these things and you will most likely enjoy your new home for years to come.

Courtesy of Montgomery AL Real Estate Expert Sandra Nickel.

If you were lucky enough to move into a new home recently then you need to know a few things that you should strive to accomplish soon after the move.    These things will get you set in the right direction for being comfortable in your new home for years to come.  A few of these ideas are listed below. 

• Be sure to take pictures of each room in your new home before moving in. Sometimes the inspection takes place and then the previous owners come back to get a few last items of theirs moved out.  You never know, especially if the previous owners were forced to move due to a short sale, what they may have done to the house.  Take pictures before you move your furniture inside.  This way if any damage has occurred you will have full documentation of it and may be able to get things fixed more easily.
• If you hire a moving company to move your belongings from one house to the other you will want to check all of your belongings to make sure there was no damage done to anything during the move.  You should have liability coverage in your moving contract and if that is the case if any damage occurs and you document the damage you should be able to get reimbursed for that. 
• One of the most important things to accomplish as soon as you move into a new home is to change the locks.  You have no way of knowing how many folks have a key to your home from the previous owners and you surely don’t want to worry about someone being able to get inside of your home without your knowledge.  Get this task done right away. 
• If you want to make the home have a nice new feel, painting is a great way to do that.  Painting an empty house is much easier than having to move the furniture around later. 
• If you are a registered voter and you have recently moved into a new home that is in a different county, you will want to change your voter registration right away.  It’s not a good feeling to be turned away at the polls because your address is incorrect. 

These are just a few ideas of things you should strive to accomplish soon after moving into a new home. Hopefully they will be of some help to you and yours.

Courtesy of Montgomery AL Real Estate Expert Sandra Nickel.