Real Estate Information Archive

Blog

Displaying blog entries 1-8 of 8

When you have overnight guests, you want them to feel welcomed and comfortable.  Providing a place for them to sleep is the bare minimum. If you’re lucky enough to have a designated, full time guest room, there are a lot of little things you can do to create a space that your guests will enjoy.  Here is a list of essentials to have in your guest room so that it is ready for visitors any time:

  1. Comfortable Bedding - Since this bed is not likely to be used all the time, you don’t need to outfit it with top of the line bedding (unless you choose to), but you want it to be comfortable and aesthetically pleasing.  Some quality cotton percale sheets and a coordinating comforter or quilt will provide a comfy bed for your guests.  Use neutral colors that give a simple, clean look.
     
  2. Extra Blankets & Pillows - You want your guests to be cozy and comfortable, so, provide extra blankets for chilly nights.  Extra pillows cam be used to provide cushioning should your guests want to prop themselves up to read in bed.
     
  3. Lighting - Be sure to provide bedside lighting. Place a lamp on the bedside table that will allow your guests to have subtle lighting without having the overhead light on.  Try to find a lamp that has multiple settings so that they can choose how bright or soft they want the light to be. 
     
  4. Extra Toiletries - Sample sized toiletries are perfect for guests.  Arranged in a pretty basket with a new toothbrush, they will have them feeling pampered.  Speaking of toiletries, here are 10 Thoughtful, Welcoming Touches for Your Guest Bathroom.
     
  5. Bath Towels - A stack of fluffy, white bath towels on the bed will be a welcome sight for your guests.  Make sure you have a wash cloth, hand towel, and bath towel for each person that is staying with you.
     
  6. Wastebasket - A simple item that is often overlooked in a guest room is a wastebasket.  When your guests need to throw something away, they shouldn’t have to make frequent trips outside their room to find a trash can. Choose a small, attractive wastebasket that coordinates with your guest room style.
     
  7. Full-Length Mirror - Whether you have it hanging on the back of the door, or propped up against a wall, your guests will appreciate having a full-length mirror in their room.  They may be sharing a bathroom with others, so having a mirror in the guest room will allow them to get ready in there if the bathroom is occupied.

These are just a few essentials that will make your guests happy to stay with you.  You can take it step further and decorate the guest room as well. But keep it simple and remember that comfort is the top priority!  30+ Cozy Ways to Decorate Your Guest Bedroom

If you are in the market to buy or sell a home, let Sandra Nickel and her Hat Team of Professionals assist you with all your real estate needs!  Call them today at 334-834-1500!

Photo Credit: pinterest.com

Ins and Outs Of Buying a Short Sale

by The Hat Team

Buying a property through a short sale can be financially beneficial. But you need to go into the process understanding your market! That means having a knowledgeable realtor and attorney.

short saleA homeowner is “underwater” with their mortgage when they owe more than the value of their home. The term “short sale” comes from the situation where the proceeds from a sale are less than, or “short” of, the amount of debt.

Lenders are motivated to allow a short sale when they perceive it will create more net income than a foreclosure. Sellers are motivated because it puts them in more control of timing, and causes less damage to their credit than foreclosure.

For the buyer, a short sale means a purchase price that is discounted from the normal sale price. However, the market situation with short sales is very specific to your state and your market. Here are some trends across the country…

25% of US homeowners with a mortgage are underwater. That is 10.7 million homes! That percentage is down from 28% in September 2012. It is important to note that 8.3 million of those homes are on the edge of being underwater with a LTV ratio of 90%-110%. The other 2.4 million have an average LTV ratio of 125%.

A primary factor helping that downward trend is a decline in investors’ interest in short sales. A decline in investors buying at discount means prices are moving upward. Increasing prices means increases in value, which means increases in equity for the homeowners.

However, according to RealtyTrac.com it will take years, not months, for the 125% LTV owners to recover enough equity to allow them to sell. That means the short sale opportunities are available for a while.

As a buyer of a short sale, be aware the process takes time. All parties have many more documents to review and approve. Your due diligence will take longer. And the process leading to a closing will take longer.

Make sure you are working with a Realtor and an attorney who have experience with short sales in your market. One way to qualify a Realtor is to know they are trained as a Certified Distressed Property Expert (CDPE). That means they have specific training in streamlining short sales. It is not mandatory, but it is a valuable credential.

At least, make sure your Realtor and attorney have actual experience with short sales. Go into the process with a lot of patience.

Information courtesy of Montgomery AL Realtor Sandra Nickel, Sandra Nickel Hat Team.

Debt Relief = Income

by The Hat Team

 

Mortgage Relief.pngMany times a homeowner might feel relieved being out from under the obligation of a mortgage they can’t afford even though the property was lost due to foreclosure or short sale. If a lender cancels or forgives debt, a taxpayer must include the cancelled amount in their income for tax purposes depending on the circumstances. The tax significance could be serious.

Congress enacted the Mortgage Relief Act specifically to help homeowners who might be affected in the housing crisis that started approximately in 2007. The Act expired on 12/31/12 but was temporarily extended by Congress until December 31, 2013.

This relief only applies to a taxpayers’ principal residence which does not include second homes and investment property. The maximum amount is limited to $2 million of mortgage debt forgiveness or $1 million if filing separately.

Another provision is that the debt relief is limited to acquisition indebtedness used to buy, build or improve the property. It excludes cash equity loans whether made separately or in a refinance of the original mortgage.

Due to the serious consequences involved in short sales and foreclosures, it is advised that homeowners faced with this possibility should seek expert advice from their legal and tax professionals.

Montgomery Real Estate For Sale: 1439 Adrian Lane Montgomery, AL 36111

MLS#286954

Pretty hardwood entry opens to beautiful living room. Formal dining room has fantastic views out double doors to patio and pool. The cook will love the spacious kitchen with and abundance of cabinet and counter space plus tiled floors. There is carpet over hardwood in living areas and bedrooms. Shows beautifully and immaculately maintained!

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.

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

 

 

Montgomery Real Estate For Sale

121 Bradley Drive Montgomery, Al 36109

MLS#290124

Become a landlord the easy way. Buy this sweet little cottage with a good tenant already in place! No worries about making payments on a vacant house or finding a reliable property manager. Short sale subject to lender approval so you'll have to be patient. And your patience will be rewarded with a great deal!

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.

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

Montgomery Real Estate For Sale

2832 Spann Place Montgomery, Al 36107

MLS#290128

Become a landlord the easy way. Buy this sweet little cottage with a good tenant already in place! No worries about making payments on a vacant house or finding a reliable property manager. Short sale subject to lender approval so you'll have to be patient. And your patience will be rewarded with a great deal!

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.

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

Montgomery Real Estate For Sale

2836 Spann Place Montgomery, Al 36107

MLS#290129

Attention Investors--Lender's Loss is Your Gain! Own this sweet little cottage for about 1/3 of what current owner paid a few short years ago. Great cash flow with good tenant already in place! No worries about making payments on a vacant house or finding a reliable property manager. Short sale subject to lender approval so you'll have to be patient and your patience will be rewarded with a great deal!

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.

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

Montgomery Real Estate For Sale: 2143 Madison Avenue Montgomery, AL 36107

MLS #290161

Once in a lifetime opportunity! Own one of the larger homes on historic Madison Avenue at a bungalow price. Lender's loss is your gain if you act quickly and agree to tie up some minor loose ends, wait patiently through short sale approval process. Massive renovation since 2004.

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.

Displaying blog entries 1-8 of 8

Syndication

Categories

Archives

   cdpe    crsHat Lady on Zillow