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Montgomery AL Home For Sale: 1443 Watson Ave

by The Hat Team

Montgomery AL Home For Sale:

1443 Watson Ave, Montgomery AL 36106
MLS# 304080

Updated With Amenities You Expect!

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Spread out in this spacious Old Cloverdale home. Updated with the amenities you expect in this area, all you need to do is buy this one and move in! With features like whitewashed knotty pine kitchen and a 3rd bedroom/den with real wood-paneled walls, this place is brimming with character. Formal and casual living areas fit any lifestyle, and the private back yard is perfect for entertaining or just relaxing. Two car carport in the back as well as a workshop and tool shed are versatile work/play/utilitarian areas as well. AND...a little known "secret"...pop out the back gate and you are literally steps from shopping, dining, and more! Conveniently located to interstate, downtown, and the Cloverdale Entertainment district.

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.

Mortgage Interest Deduction

by The Hat Team

MDIOriginally, in 1913 with the Sixteenth Amendment, Income Tax allowed a deduction on any interest paid by a taxpayer. Prior to World War I, most interest was paid for business purposes and very little paid by individuals. Credit cards, revolving credit, student loans and home equity loans that would charge interest would not become popular for decades.

However, by the 1930’s, the Federal Housing Authority was created to help people to finance homes. Later, other quasi-governmental agencies like FNMA, FHLMC and GNMA were created to help facilitate mortgage lending. 

Even though, Congress never intended to use this deduction to encourage homeownership, it has certainly benefited millions of people who couldn’t pay cash for their home. This deduction has made owning a home more affordable for tens of millions of people.

The Tax Reform Act of 1986 eliminated the deduction of interest on most personal debt with the exception of qualified mortgage interest debt. Two new terms were introduced to specify what was qualified.

Acquisition Debt is the amount of debt incurred, up to a maximum of $1,000,000, to buy, build or improve a principal residence or second home. It must be a recorded lien and the amount cannot be increased by refinancing. In other words, the acquisition debt is a dynamic amount that decreases as the loan amortizes.

Home Equity Debt is any amount up to a total of $100,000 over Acquisition Debt. It must also be a recorded lien against either the first or second home. It can be used for any purpose and is no longer restricted to medical or educational purposes.

In the example below, a person borrowed money to buy a home and the entire first mortgage was acquisition debt. The unpaid balance was reduced by the payments made and the acquisition debt followed accordingly. At some point in the future, after the home had gone up in value considerably, the owner refinanced a much larger amount.

The existing acquisition debt was transferred into the new mortgage. Any borrowed funds that were used for capital improvements could be added to the existing acquisition basis. The interest on those funds would be deductible.

The owner/borrower could also deduct the interest on up to a maximum of $100,000 of home equity debt. If there was still debt above the acquisition and home equity debt, it would be classified as personal debt and the interest on it would not be deductible.  

 

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Lenders are not concerned if they are making a tax deductible mortgage on a home. They want to make sure there is sufficient equity in the property to secure the mortgage should it have to be foreclosed. A homeowner should consult with their tax professional if there is a question about deducting the interest on their mortgage.

Click Here to use a Refinancing Analysis.

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.

Natural Ways to Deodorize When Selling Your Montgomery AL Home!

by The Hat Team

Every article, video, and home-themed television show which deals with selling your Montgomery AL home will contain oodles of information/suggestions/tips/hints/advice on how best to achieve your goal in a short period of time.  You already know that in a buyer’s market, potential purchasers can afford to be picky and that sometimes even a small “defect” can become a deal breaker, so you dutifully heed instructions to de-clutter, de-personalize, and de-emphasize anything that could be perceived as a negative.  You even bake cookies before an open house to provide a warm and welcoming atmosphere!

clean houseBut….are you aware of the importance of eliminating, not just masking, all interior odors?  No, the answer is not to spray tropical-scented commercial products all around your Montgomery AL home, for that is only a temporary fix and may even provoke an allergic reaction from a potential buyer.  There are, however, natural solutions to persistent smells of all types.  Making your house smell spring-fresh is a great way to invoke the buying mood this year.

Besides opening windows and letting fresh air flow freely throughout your Montgomery AL home, there are many steps you can take to identify odor-prone areas and do away with the stench.  Read on:

  • Use fabric softener sheets in linen closets, vacuum bags, and pillowcases.
  • Take advantage of the fact that baking soda, unused coffee grounds, imitation vanilla, houseplants, tea tree oil, vinegar, cat litter, and a boiling of cinnamon and cloves absorb odors.
  • Understand that potential buyers will open drawers and closets, inspect the freezer and refrigerator, tour the basement, look carefully at bathroom and kitchen fixtures and appliances, and check out washers and dryers.
  • Treat your garbage disposal to rinds of citrus fruits every so often.
  • Fight the smell of tobacco smoke smell with gusto!   Place small bowls of pine-sol or baking soda in the affected areas to absorb the odor. Often a heavy duty cleaning and wall washing will be required to stop the odor once and for all.
  • Recognize the fact that erasing all pet odors is mandatory.  These are stubborn smells resulting from dander, bedding, and accidents, and they require diligence and sometimes even detective skills to find the source.  Click here for an effective (and eco-friendly) homemade urine stain and odor removal solution and procedure.

Rest assured that your fresh-smelling interior will appeal to potential buyers and hasten the sale of your Montgomery AL home!

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: 1241 S Hull St

by The Hat Team

Montgomery AL Real Estate:

1241 S Hull St, Montgomery AL 36104
MLS# 303906

Garden District Charmer!

1241 S Hull St Montgomery AL


Currently zoned and used as an architects’ office, this wonderful Garden District charmer could be your next office...or simply have zoning changed to single family residential and call it HOME with a few modifications! Spacious rooms and wonderful architectural features compliment this gem in the rough.

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 11-14 of 14

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