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2315 Yancey Ave: Well Maintained Duplex

by The Hat Team

Montgomery AL Home For Sale:

2315 Yancey Ave, Montgomery AL 36107

MLS# 497118 | Duplex | 3 Bedrooms | 2 Baths | Capitol Heights

Well Maintained Duplex

2315 Yancey Ave

Virtual Tour

A well maintained duplex occupied by owner for many years. Left side is larger unit, 2 bedrooms/1 bath with great hardwood floors, which are original but in pristine condition. Right side unit is well proportioned 1 bedroom/1 bath with updated kitchen. Both units have front and side entrances, and both have screened front porches. Rear detached 2 car garage is excellent for storage. There is a fenced yard for pets. Enjoy great neighbors, and convenience to downtown!

Marketed by Montgomery AL Realtor Billy Young, Sandra Nickel Hat Team!

How to Prepare for a Long-Distance Move

by The Hat Team

Moving is one of the most stressful things you do in life. Even if you are just moving to a new home in the same town, there are a lot of factors that go into it. So, when you are moving far away to a new place, the logistics can be overwhelming! 

Here is a guide to help you prepare for a long-distance move:

Your first step is to find a local Realtor in the place where you are moving. Ideally, you want an experienced Realtor with a lot of knowledge about the area. Someone who knows about the best neighborhoods, the best school districts and the most convenient locations. Yes, you can browse listings and research the area online, but you will need the expertise of someone who lives in that area and understands the local market and has local contacts that can help you through the process. Plus, by having a professional Realtor on your side, you will get access to the newest listings before they even hit online sites. We know top REALTORS in nearly every market in the country, so call or text us for a referral.

Do your homework.


Your Realtor can provide a lot of great information and assistance, but only if she knows what you are looking for. Depending on where you are moving, you might be able to find informational guide books. But, if not, technology can be your guide. Look up local news stations and newspapers online to see what’s going on in your new town. Find groups from the town on social media and ask questions. Websites like Area Vibes and U.S. News and World Reports are great resources for finding information about a place including its housing market, job market, schools, cost of living, crime rates, etc. You will find that the more knowledge you have about the place where you are moving, the easier your move will be.

Determine your needs and desires.

This sounds like common sense, right?  But sometimes people rush into finding a new home without giving much thought to exactly what they want, whether due to time constraints or excitement. It will pay off to slow your roll and take the time to determine what it is you want in your new home. This will also allow your Realtor to assist you in the most effective way. Do you want to live in a rural, suburban, or urban area?  What style and size house are you looking for? How important is the school district? How close do you want to be to your job? These are just a few questions to ask yourself before starting your home search.

Create a realistic budget.

Once you have researched your new town and looked through some of the listings, you will have an idea what price point you are looking at for your new home. Your local Realtor will be able to assist with this part of it too. You will also want to research the general cost of living in terms of things like gas, groceries, and childcare. Once you have figured out what the anticipated cost of living will be, it will be easier for you to create your buying budget.

Visit if you can.

If possible, you should plan a visit to your new town before moving there. All the online research in the world, while helpful, cannot give you a true feel for a place. Make plans to meet up with your local Realtor and have her show you various neighborhoods based on the needs you expressed. Spending time familiarizing yourself with your new home town will help you make an informed home-buying decision.

Hire a moving company.


A long-distance move is hard. So, if you can include hiring a moving company in your budget, definitely do so! Not only will they help you with the physical moving of your belongings, they will also take care of the transportation logistics. That way, you can focus on getting your new home set up. Research different moving companies and find the one that best fits your needs and budget.

If you are in the market to buy or sell a home (or both), let Sandra Nickel and her Hat Team of Professionals assist you with all your real estate needs! Call them today at 334-834-1500 and check out http://homesforsaleinmontgomeryalabama.com for more information!

Photo credits: movingaheadservices.com, mashvisor.com, updater.com, moving.com

460 Caldwell Pl: Great For Entertaining!

by The Hat Team

Montgomery AL Home for Sale:

460 Caldwell Place, Montgomery AL 36109

MLS# 496768 | 2 Bedrooms | 2 Baths | 1,501 Square Feet | Dalraida

Great For Entertaining!

460 Caldwell Pl

Virtual Tour

This adorable patio home in desirable Dalraida is just what you have been looking for. Great for entertaining, it has a formal dining room, large kitchen with sunny breakfast nook AND a breakfast bar! The spacious living room has high ceilings and gas log fireplace, and plenty of wall space for furniture and art. The split plan has a private guest bedroom and bath at the front of the house, and a large master bedroom at the rear. The master bedroom has plenty of closet space, and newly installed French doors leading to a private courtyard. A master bath has a garden tub, separate walk-in shower, and double vanities! Out back, you will enjoy a covered patio, and storage galore with an attached storage room and a detached storage building! A private drive allows rear access to off-street parking. The roof was replaced about four years ago, so that is something you will not have to budget for, for many years to come! New laminate flooring throughout most of the house is great for allergy sufferers who can’t deal with carpet, and perfect for indoor pets! Call us or your favorite agent and don't miss out on this one.

Marketed by Montgomery AL Realtor Billy Young, Sandra Nickel Hat Team.

Seeking a Mortgage Loan? Be Prepared With These Questions

by The Hat Team

There are many steps to take when purchasing a home, but one of the first and most important is finding the right mortgage loan. Knowing the right questions to ask a mortgage banker is key to your success in acquiring a loan that works for you. It’s vital that you are educated about everything related to your home purchase.

Here are the questions you should ask your mortgage banker to be sure that you are prepared for the lending process:

  1. What is my credit score?

When you apply for a mortgage loan, your lender will take a look at your credit history including your credit score, your debt-to-income ratio (DTI), and your liquid cash and assets. Having a high credit score will definitely help you in the securing a loan. It is calculated by taking your payment history, outstanding balances, length of credit history, number of credit inquiries, and types of credit history all into account. Your lender will use your credit score to help determine the risk of granting you a loan.

  1. What is the best type of loan for me?


Once your mortgage banker has all the personal financial information you provide, he or she will let you know the loan programs you qualify for. Every loan program has a minimum qualifying credit score and DTI ratio. A good mortgage banker will patiently walk you through each type of loan so you can determine which one you are most comfortable with.

 

  1. How much should my down payment be?

    Many people believe that you must put 20% down when purchasing a home. That is not always true! You have options. A conventional loan generally requires at least 3% down. But if you want to avoid Private Mortgage Insurance (PMI), 20% is required. There are also some government-backed loans that range from 0-3.5% down. Your lender will go over these options with you thoroughly.

     
  2. What are closing costs?
    When you close on your home, your closing costs may include property taxes, homeowner’s insurance, title search fees, and appraisal fees. There might be other costs as well. Basically all fees for services completed involved in the loan process need to paid and are taken care of with closing costs. These items will be itemized and your mortgage banker can answer any questions you have about them.

     
  3. When will I close on my home?
    The time it takes to close on a house after getting your mortgage loan application approved usually runs anywhere from 30-50 days. As long as there are no last minute problems, the closing itself (signing the papers) may take about an hour.

Buying a home can be an overwhelming experience, especially for first-time homebuyers, but finding the right mortgage lender and asking the right questions will make the process less stressful for you!

If you are in the market to buy or sell a home (or both), let Sandra Nickel and her Hat Team of Professionals assist you with all your real estate needs! Call them today at 334-834-1500 and check out https://www.homesforsaleinmontgomeryalabama.com for more information!

Photo Credits: mattersmortgage.com, lansingstatejournal.com, crosscountrymortgage.com

1931 Ellen St: Feels Double the Size

by The Hat Team

Montgomery AL Home For Sale:

1931 Ellen St, Montgomery AL 36106

MLS# 494000 | 3 Bedrooms | 2 Baths | 2,130 Square feet | Old Cloverdale

Feels Double the Size

1931 Ellen St

Virtual Tour

With 12' ceilings and a beautiful open floorplan, this home on Old Cloverdale's most private street feels double the size. A beautiful living room with large windows and large crown molding gives way to a massive chef's kitchen with GE stainless Steel appliances, over 30 cabinets and drawers, plus a breakfast bar, recessed lighting, huge laundry room, a separate bonus room perfect for an office or kid's room. A jetted tub and separate shower await you in the master bathroom which looks out at your 500 sq. ft. back deck. Beautiful hardwoods plus ceramic tile in the kitchen, laundry and master bath will delight you. The two space carport and covered front porch make for a cozy house that is not going to be on the market long. The back yard is privately fenced and has a detached storage/workshop. This Midtown Montgomery home is a must see!

Marketed by Montgomery AL Realtor Lauren Keen, Sandra Nickel Hat Team!

 

1512 Hallwood Ln: Split Floor Plan Offers Lots of Privacy

by The Hat Team

Montgomery AL Home For Sale:

1512 Hallwood Ln, Montgomery AL 36117

MLS# 4916233 | 3 Bedrooms | 2 Baths | 1,454 Square Feet | Thorington Trace

Split Floor Plan Offers Lots of Privacy

1512 Hallwood Ln

Virtual Tour

Marketed by Montgomery AL Realtor Billy Young, Sandra Nickel Hat Team!

 

Should Military Families Rent or Buy?

by The Hat Team


Joining the military was a huge decision that required a lot of thought. Now that you have made the commitment to serve your country, there are other big decisions you will have to make that have to do with the transient lifestyle military life entails. A decision you will have to make each time you transfer to a new duty station is whether you should buy or rent a home.  There is a lot to consider before making this decision.

Why should I buy?

Many may wonder why they should buy when they know they will be moving on in a few years. Well, here is one BIG reason: the VA Loan Program.  A VA Loan is a mortgage loan for service members that is guaranteed by the U.S. Department of Veterans Affairs. The main purpose of this program is to assist active duty military and veterans in the financing of a home purchase. These loans offer advantageous terms that make buying a home an attractive financial option. If you are in the military or you are a veteran, you may be eligible for a VA loan and many of the perks of VA loans are NOT available with other home loan options.

But wouldn’t renting make more sense?

The loan terms of VA loans are definitely in your favor if you want to buy a home, but there may still be times when renting might work better for you. Here are some things to consider when trying to decide whether buying or renting is the best option:

  • How often will you be moving? This greatly depends upon what branch of military you are in and what career path you are on. People assume that all military families move every few years, but the truth is, the amount of moves vary widely across the different branches. If you don’t think you will be transferred frequently and will be in a home for five or more years, then buying a home would definitely better suit your needs. However, if you think you will be moving more frequently, renting might be the better option, unless renting your home out when you relocate sounds like something you would be interested in.
  • Depending on what branch of the military you are serving and what your position is, it may require you to be deployed much of the time.  It may seem silly to buy a home when you will be away so much you might be surprised at the benefits of doing so. For example, say you are single and you’re renting; unless you can sublet, you will be paying rent on a “home” that you won’t be living in for parts of the year.  However, if you buy a home, you will be paying a mortgage and building equity…a great investment for your future!  This is true even if you have a family that stays in the home when you are deployed. Knowing they have a place of their own will give them peace of mind while you are away.
     
  • Reselling your home can be profitable depending on how long you have been there. When it comes time to relocate, thanks to not having to make a down payment or pay PMI (perks of that VA loan we talked about above!), you will likely at the very least break even on the sale of your home, if not make a profit. Just be aware of the current real estate market conditions which will determine how long it may take to sell your house and how much you can get for it.  If you are not able to sell right away, you need to have enough money saved to pay your mortgage while also paying to live somewhere else.
     
  • Do you want to be a landlord?  If you don’t want to sell the home (maybe you want to move back there someday, or maybe you want to keep it as an investment), renting it out is a great option. But there are challenges to being a landlord, especially when you live far away from your property. You may have to hire a property management company to maintain the home in your absence. Make sure you consider all the costs involved before deciding it it’s financially worthwhile to rent your home out.

If you are in the market to buy or sell a home (or both), let Sandra Nickel and her Hat Team of Professionals assist you with all your real estate needs! Call them today at 334-834-1500 and check out https://homesforsaleinmontgomeryalabama.com for more information!

Photo credits: kiplinger.com, forbes.com

2936 Jamestown Dr: You MUST See This!

by The Hat Team

Montgomery AL Home For Sale:

2936 Jamestown Dr, Montgomery AL 36111

MLS# 494235 | 3 Bedrooms | 2.5 Baths | 2,100 Square Feet | MeGehee Estates

You MUST See This!

2936 Jamestown Dr

Virtual Tour

You must see this beautiful Townhome on one of the most desirable streets in McGehee Estates! Entering the foyer, you can feel the openness of the great room with a view through the wall of windows overlooking the private courtyard. A handsome office/study/den with built-in bookshelves is at the front of the home. Then you step down into the great room that has a huge brick fireplace surrounded by built-in bookshelves including a wet bar. The dining area flows into the breakfast nook at the back of the galley kitchen (Corian countertops, stainless appliances, pantry and lots of cabinets), with a door leading into the courtyard brick patio that will be your most favorite spot to relax or entertain. Upstairs is the large master suite with a walk-in closet and double vanities, along with two guest rooms with good closet space. This is a wonderful street in a convenient location. Come see for yourself today!

Marketed By Montgomery AL Realtor Lauren Keen, Sandra Nickel Hat Team!

What You Need to Know About a Bidding War

by The Hat Team


There is a low inventory of homes to buy right now and the competition for homes can be fierce.  If you are looking to purchase a home, chances are you may find yourself in a BIDDING WAR. Be prepared!  Here are six ways to come out on top in a bidding war:

  1. Get your finances in order and get as much cash as you can.  It is never too soon to get pre-approved for a loan. In fact, the sooner the better. Sellers will have lots of options and will be leery of those who do not have loans set in stone. If possible, bring cash to the table. Sellers will fear appraisals coming in low and loans falling through, so be prepared to cover the difference with cash.
     
  2. Don’t hesitate! Be the first to make an offer, and make it a good one. An insulting offer will put you at the bottom of the seller’s list, so it is not a good time to low ball. Come in at or slightly below asking price so that they know you are serious about purchasing their home.

     
  3. Escalation Clause.  This is the amount of money the buyer agrees to increase the offer if there are other bids. If you offer the asking price of $400,000 on a house, but it might sell for $450,000, put in an escalation clause stating that you are willing to go as high as $460,000. But know your limit. Don’t offer more than you can handle. Also, make sure the clause states that the seller can only take the winning bid up to a level just above the competing offers. For example, if an offer comes in for $430,000, your bid would be upped to $431,000.
     
  4. Get a pre-inspection. It will cost you a few hundred dollars, but it can help you in a super-tight market. If you can make a bid that is not contingent upon inspection, sellers will look favorably on your offer versus the same offer from someone who has a contingency in their contract.
     
  5. Think with your head, not your heart. BE SMART! Purchasing a home is an emotional decision, but emotions can get in the way of making wise decisions.  Make sure you have done thorough research of the market: look at the most recent comparable sales, compare prices from a year ago, visit local schools, have coffee at the closest café and speak to potential neighbors. Look at listings nearby. Whatever you do, don’t overpay because you get caught up in the heat of the competition. While the house may seem perfect for you, it is not the only house that will be perfect for you. So, keep a level head and MAKE INTELLIGENT DECISIONS.
     
  6. Finally, and most importantly, HIRE AN EXPERIENCED, PROFESSIONAL REALTOR to guide you through the process. The benefits of having a Realtor are priceless because they are experts in negotiating multiple offers, and now more than ever, you need that expertise on your side!


If you are in the market to buy or sell a home (or both), let Sandra Nickel and her Hat Team of Professionals assist you with all your real estate needs! Call them today at 334-834-1500 and check out https://www.homesforsaleinmontgomeryalabama.com for more information!

Photo Credits: dsnews.com, forbes.com

1211 S Perry St: Character and Charm Personified

by The Hat Team

Montgomery AL Home For Sale:

1211 S Perry St, Montgomery AL 36104

MLS#494901 | 3 Bedrooms | 1.5 Baths | 2,327 Square Feet | Garden District

Character and Charm Personified

1211 S Perry St

Virtual Tour

This home has all you would expect from a historic Garden District home in Midtown Montgomery. Well-proportioned rooms boast high ceilings, great moldings, and lots of natural light from large windows. Enjoy entertaining in the oversized living and dining rooms, and more casual living in either of the two cheery sunrooms. The large kitchen will accommodate several "chefs" at one time, and the ample bedrooms are large enough for lots of heirloom furniture. A fixed staircase leads to a floored attic with tons and tons of storage, and there is even an unfinished basement with endless possibilities! The private backyard has a brick pathway and mature landscaping, and is accessed via an automatic car gate for off-street parking. There is a detached storage building as well. You just don't find this kind of charm and character in newer construction, and at this price, there is room to customize the kitchen and baths to your personal taste!

Marketed By Montgomery AL Realtor Lauren Keen, Sandra Nickel Hat Team!

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