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Montgomery AL Home for Sale: 2719 Boykin Place

Tuesday, September 9, 2014

by The Hat Team

Montgomery AL Home for Sale:

2719 Boykin Place, Montgomery AL 36117
MLS# 306546

One Of THE Best Floor Plans!

2719 boykin place

Uber convenient to everywhere! No matter where you're headed, this home makes it easy. Your new home features lovely, low-maintenance hardwood floors and a huge fenced backyard, large enough for even the biggest dog to play. You'll love the formal living and dining rooms when entertaining, as well as the more relaxed feel of the den. If you're a work-at-home mom or dad, the 4th bedroom can easily be converted into a home office. Call us at (334) 834-1500 for a tour of your new home!

Marketed by Montgomery Real Estate Broker Sandra Nickel, Sandra Nickel Hat Team.

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Indecision Costs

Thursday, July 24, 2014

by The Hat Team

question More money has been lost to indecision than was ever lost to making the wrong decision. The economy and the housing market have caused some people to take a “wait and see” position that could cost them in lost opportunities as well as almost certain higher costs in the future.

To illustrate what the opportunity cost might be, let’s compare what the value of the down payment two years from now would be if it was invested in a certificate of deposit, the stock market or used to purchase a home today.

A 3.5% down payment on a $175,000 home is $6,125.00. If it was invested in a CD that would earn 2%, a person would have $6,372 in two years. The earnings would be taxed as ordinary income tax rates. It wouldn't earn much but it would be safe and secure.

The same amount would grow to $7,013 in the stock market if you picked the right stock or fund and it yielded 7%. The earnings would be taxed at the long term capital gains rate. The return could be greater but so is the risk involved.

If this person were to purchase a home today that appreciated 2% in value over the next two years, the equity in the home would grow to $18,769 due to value going up and the unpaid balance going down.

The question, we all must ask ourselves is “where should our money be invested?” Try Your Best Investment to see the difference it will make based on your price range, down payment and earning rate.

Information brought to you by Sandra Nickel Hat Team Realtors.

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