Real Estate Information Archive

2604 Locust Street, Montgomery, AL 36107

MLS# 545739

2 Bedrooms | 1 Bath | 992 Square Feet | Highland Park

Calling for investors looking for a well-maintained cash flowing rental property. Long term tenant in place, sellers looking to liquidate their real estate investment portfolio.

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

Moving is one of the top five most stressful life events. Divorce ranks in the top five as well.   Put those two together and you have a meltdown in the making. If you and your spouse own a home together and you are divorcing, you are going to have to figure out what you’re going to do about the house. This can be challenging under the most amicable of situations and can be devastating when there is bitterness and fighting.

Since your home is likely the greatest asset that you share, selling it is often necessary when parting ways. Sentimental value may entice one or the other of you to want to keep the home, but financial implications may keep you from doing so. Understanding how divorce affects the sale of a home is crucial.  The emotional aspect of splitting up your family can sometimes impair your judgement but making a poor decision regarding your home can have lasting ramifications, long after the divorce is finalized. 

Whether one spouse wants to buy out the other and keep the home or both want to sell and split the equity, selling a house while getting divorced is a rocky road that needs to be navigated intelligently.  When two people are willing to deal with each other in a peaceful, respectful way, it certainly makes the whole process easier. But often this is not the case in these situations. Division of a home is not simple. 

When each spouse contributed to purchase the home - even if one paid more than the other - you are both going to want your fair share out of it. Ideally, you will be able to work with an attorney or mediator to come to an agreement out of court, but if you can’t, a judge will decide for you. This can be a very unpleasant experience for all parties involved. If both your incomes were factored in the purchase of the house, chances are when you split that in half, neither of you can afford it on your own. If that is the case, the best solution is to sell the home and divide the assets. There are also tax implications that should be considered when you are trying to decide if you should sell before you divorce or after.

Should one of you decide to stay in the home, there are a couple of different ways to make that happen.  First, if you have the financial means to do so, you can take over the mortgage by refinancing. This means you must qualify for the loan and be able to make the monthly payments on your own. Your ex-spouse will be completely out of the picture. Another way is to continue co-owning the property.  Perhaps you have children and want to keep them in their home. While this is the least disruptive option, it is precarious and requires a lot of trust. It would have to be a very civil and friendly divorce for this to work because both parties will be responsible for the mortgage and upkeep of the house. The bottom line is that if you plan to stay in the home, you better be sure you can afford it. It would be prudent to work out a budget before you make the decision.

With all the financial and emotional issues that get wrapped up in the sale of a home during divorce, it’s crucial that you know what you want prior to meeting with your Realtor. It is best for you to meet with your attorneys for them to guide you through the process of deciding how to split the equity. Once you have that done, seek out an experienced Realtor like Sandra Nickel, who will gently guide you through the process with as little stress as possible.

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

Photo Credits: community.thriveglobal.com, albinlawgroup.com, collaborativedivorcetexas.com

Are you a Baby Boomer who has reached retirement age? If so, you may be asking yourself if it is time to sell your home. This is a time in your life to finally enjoy the fruits of your labor and the last thing you want is to have to take care of a large home or be tied down to a big mortgage. There are plenty of younger people looking for starter and trade-up properties, meaning there are a lot of buyers out there competing for homes. So, the question you need to ask yourself is, “should we sell now?”. 

Consider these questions to find your answer:

• Will you be able to afford your home once you have retired?  It is important to think long term about the monthly costs of staying in your home. Even if you have paid off your mortgage, you will still be responsible for property taxes, insurance, HOA fees, and utilities. Then there are home repair costs.  If you are living on a limited monthly income, an unexpected, costly home repair can be devastating.
  
• How much equity do you have in your current home? If you have a lot of equity built up in your current home, you can use that to purchase a retirement home and have little or no mortgage, freeing up your monthly income for other things.
   
• Can you keep up with home maintenance? Maybe you are someone who enjoys yard work and other home maintenance tasks, but depending on your age and health, these chores can become more challenging with time. A condo with an HOA fee might be the way to go so that you can enjoy your golden years with the peace of mind knowing that you don’t have to do maintenance work yourself.
  
• Do you feel secure in your home?  Criminals prey on the elderly. It is a sad, but true fact.  Elderly homeowners are often targets for scams and break-ins. Home security systems are helpful, but living somewhere that has 24-hour security, such as a manned gate-house and resident only access can provide you the security you need to be able to relax and enjoy retirement.
   
• Is your current home set up property for limited mobility? As people age, getting around can get more challenging.  People are living longer, more active lives these days, but that doesn’t mean that you will always want to climb the stairs to your bedroom. And what if you must use a wheelchair at some point? Are your doorways and hallways wide enough? Will you have easy access to a bathroom and shower? Homes in retirement communities are built with these things in mind and often offer the best of both worlds…activities to keep you busy and entertained and accommodations for any physical needs you might have in the future.
  
• Is your current home in a convenient location? There are many things to consider about location.  Are you close to a hospital and drug store? Can you easily get to shopping and entertainment venues? Are your grandchildren close by? Maybe you are living in a fantastic school district, which was great when your kids were growing up, but doesn’t really serve you now. If that’s the case, take advantage of the resale value that will give you and sell so that you can find a home that is more conveniently located for you.

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

Photo Credits: massagemag.com, nhbr.com, homeaccessproducts.com, designerservicesltd.com

3215 Montezuma Road, Montgomery, AL 36106

MLS# 543639

4 Bedrooms | 2 Baths | 2,144 Square Feet | Cloverdale/Idlewild

Sellers say this is not a house, it's a "HOME" and once you see it, I think you will agree! Set back off the street on a lovely tree covered lot, this brick cottage is cozy and welcoming. Cool off on the front porch with your favorite libation or spend chilly evenings on the swing by the fire pit out back. Morning coffee is perfect on the private side deck just off the kitchen/breakfast room. Living room opens to formal dining room. Kitchen has breakfast bar and space for a small table. Three bedrooms and a guest bath downstairs, and current owners added a staircase and primary suite upstairs with a sitting area, walk-in closet, and adorable modern bath with lots of reclaimed antique features. Electric car gate allows access to rear parking and 2 car carport (perfect for covered backyard entertaining!) Backyard features another seating area under the pines, and a detached storage/workshop building. This Midtown Montgomery location all within walking distance to spring concerts in the park, shopping, dining, and entertainment.

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

1943 Ridge Avenue, Montgomery, AL 36106

MLS# 542598

3 Bedrooms | 2 Baths | 1,820 Square Feet | Old Cloverdale

Classic style and simple elegance! This Old Cloverdale home nestled just south of Cloverdale park draws your eye with custom landscaping and charming wrought iron porch balustrade. Inside large rooms flow effortlessly from living room into party-sized dining room, and big open eat-in kitchen with quartz countertops. Off the living room is a cozy sunroom/study with a wall of built-in bookshelves and lots of natural light. Rear central hallway large enough to hold pieces of furniture. Three ample bedrooms and two baths round out the interior. Out back you will find a deck, screened porch, and lush landscaping. there is also a detached 2 car carport with a heated and cooled studio on the second floor! Night-scape lighting and underground sprinkler system in front and back yards. Midtown Montgomery walking distance to shopping, dining, and entertainment.

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

Chances are, if you are getting ready to sell your home, you are also preparing to purchase a new home. So, the last thing you want to do is spend more money on your current property.  However, you certainly want to get the best price possible when selling it, and per the National Association of Realtors, for every $100 invested in staging, the potential return is $400. As you can see, it will pay off in the end to stage your home to entice potential buyers.

Some people will hire a certified staging professional to get the job done. While it might seem easier than doing it yourself, it is not the only way to get that SOLD sign planted in your front yard.

Here are some simple, yet effective home-staging hacks that won’t break the bank:

Roll Out a Welcome Mat

Sounds simple, right?  It is!  First impressions mean everything when selling your home.  Also, prospective buyers tend to linger by the front door before the real estate agent opens the home for viewing, so an inviting entrance is crucial. A new welcome mat can cost as little as $15.  Purchase a modern mat that compliments the style of your home.  To further enhance the entryway, add a little green with some fresh plants. An enticing entrance will make buyers want to see more!

Mount Mirrors in Strategic Spots

Every home has spaces like a dim hallway or small space that lacks natural light. To spruce up these areas, hang a few mirrors. They add extra light to rooms that look dark and create an illusion of space. They will pack an extra punch if placed next to or directly across from a window because they will pull in more sun.  For a more decorative look, create a collage of several mini mirrors in different shapes and sizes rather than just slapping one large mirror on the wall. You can find inexpensive mirrors at craft stores and discount home stores.

Set Tables and Serving Areas for Entertaining

A home filled with friends, food and laughter is a happy one! Paint a picture of what entertaining in your home will be like for potential buyers. Keep it simple, but aesthetically pleasing. Lay out cloth napkins, wine glasses and solid plates in the dining room. Use matching mugs and bowls in the kitchen to produce the feel of family meals.

Replace Personal Photos with Artwork

Over the years, you have turned your house into a home by decorating it with family portraits and personal mementos. But potential buyers are going to want to be able to envision themselves living there and that is hard to do with your family members present in the form of pictures in every room. So, get a head start on packing up your house by putting your pictures away and replacing them with artwork that compliments the style of the home.  You can find inexpensive art at discount stores, or you can print beautiful landscape photos to put in frames.

Make the Bathroom Look Elegant with White Linens

Spruce up your bathroom with crisp, fresh, all-white linens. White towels, bathmats, and shower curtains give the room an instant update. They inspire the feeling of a luxury spa without spending a lot of money. Take it a step further by including some "spa like" displays. Simple additions like an orchid, candles and special soaps will go a long way.

Arrange Decorative Scenes

Decorative displays can give a cozy, lived-in ambience to a house. Assembling classy vignettes of colorful vases, lanterns, books, plants, baskets, and other items atop dressers, counters and bookshelves will make a house feel more like a home. Group items in odd numbers and in varying heights and shapes while keeping them in the same color family. You will be amazed at what you can find to use in your house, but if you need to buy some things, you can mix in inexpensive pieces from craft and discount stores. Done properly, these displays will have people feeling like they are looking at rooms right out of home décor magazines…and that is a sure way to impress prospective buyers.

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

Photo Credits: thisoldhouse.com, houseandhome.ie, susiedenton.com, professionalstaging.com

Whether you are looking to purchase a home or getting ready to sell one, the process of doing so will go much more smoothly if you have an experienced Realtor to represent your interests.  You might be thinking that you can save money by trying to do it on your own, but the truth is that the time, energy and stress a Realtor will save you is priceless! 

Here are the top five reasons why you should hire a Realtor when buying or selling a house:

1. EXPERTISE

Experienced real estate professionals will know all the ins and outs of buying and selling homes. Real estate has a language of its own, and Realtors will speak it fluently. They are not only familiar with all the forms, reports and disclosures involved, they understand them and can explain them to you. They will work to get you the best deal possible and help you avoid costly mistakes.

2. ACCESS

Realtors can search listings that the public does not have access to. They will know immediately when a house goes on the market; long before you can find it on the internet. Local Realtors will also have a lot of knowledge about different neighborhoods and areas that may appeal to you.

3. NEGOTIATION

Realtors are trained negotiators. It is their job to get you a first-rate deal. With fierce competition for homes and the chance of a bidding war, you are going to want a shrewd and experienced negotiator on your side.

4. CONNECTIONS

They know who’s who in every aspect of a real estate transaction. They can hook you up with a mortgage lender, home inspector, real estate attorney, home stager, etc. And, since the best deal for you benefits them as well, they are going to make sure to recommend the top people in their professions.

5. TIME

While searching for a new house, or getting one ready to sell, chances are you’re still working full time, taking care of a family, and feeling a little stressed about everything you need to do. Slow down, take a deep breath and let your Realtor alleviate that stress a bit. Being a Realtor is a full-time job that you don’t need to add to your to do list.

The bottom line is, you probably can buy or sell a home on your own, but that doesn’t mean you should. Hiring an experienced professional like Sandra Nickel will make your home-buying/selling experience less stressful and more successful.

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

Photo Credits: fairfield-park.com, calbizjournal.com, rd.com

440 Martha Street, Montgomery, AL 36104

MLS# 540154

3 Bedrooms | 2 Baths | 1,891 Square Feet | Cottage Hill

This circa 1900 shot gun style cottage in popular Cottage Hill has an open floor plan with a modern feel! From the large covered front porch, you can see straight through to the back deck, making entertaining a breeze. Formal living room, huge dining room, newly updated kitchen with large granite island brand new gas range with flush mounted vent hood. Brand new wood flooring in family room/den, custom tiled gas fireplace with new French doors looking out to the deck and lovely back yard. Master suite has been updated with a new tile shower, a walk-in closet, and a laundry room! Two other nice sized bedrooms and a brand-new hall bathroom with an awesome tiled tub/shower. The original heart pine floors are gorgeous lots of large windows that let in tons of natural light. Make your appointment today!

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

It’s a seller’s market in Alabama right now folks. Demand for homes is high and inventory is low, which has led to prices going up and sellers getting multiple offers. So, it seems like the perfect time to list your house, right? Slow down. The market may be prime for selling, but you need to look at your personal situation. Before you put that for sale sign in your yard, it would be wise to consider all the factors that will determine if you are ready to sell.

Here are signs that you are ready to sell your house:

• YOU HAVE POSITIVE EQUITY 

It’s vital that you are financially prepared to sell your house. If you have built up equity, that means your home is worth more than you owe on it. Ideally you want to have enough equity to pay off your current mortgage and to make a down payment on a new home. It’s even better if you have enough to cover closing costs and moving expenses. If you don’t have positive equity, it is a bad idea to sell.

• YOU HAVE CASH IN THE BANK WITH ZERO DEBT

It’s important to have all your financial ducks in a row before selling your house. Remember, you’re not just selling a house, you are likely buying one as well. Take time to analyze your finances and budget. If you have paid off your non-mortgage debt and have funds saved, you are ready to enter the home selling/buying process again.

• A HOME THAT BETTER SUITS YOUR NEEDS IS IN REACH

Perhaps you are downsizing, but you want a nicer home, or you are looking to move up into a larger home for your growing family. Either way, there is no point in selling your current home if you can’t afford a new one that better suits your needs. Remember that, ideally, your mortgage payment should be no more than 28% of your income.

• YOU ARE AWARE OF THE EXTRA COSTS INVOLVED IN MOVING

It’s exciting to get approved for a mortgage. Chances are you will get approved for more than you thought you would. But there is a lot to think about before deciding to sell. Remember that you will need to probably do some work on your house to get it ready to put on the market. You will also have to pay the moving expenses. Make sure consideration of these costs go into your decision-making process.

• YOU ARE EMOTIONALLY READY TO SELL

Hopefully you are selling for the right reasons. You have to be ready to put the work into your home that it will take to sell it. You must be committed to keeping it “show ready” for as long as it takes. You must be prepared for what might be a tough negotiation. And finally, you need to be ready to let go of the home where you have created memories with your family.

• YOU HAVE AN EXPERIENCED REALTOR

Real estate transactions should be handled by experts. The professionals at Hat Team Realtors understand the market and can provide you with a clear picture of what goes into selling a house. Their advice will assist you in making this very important decision.

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

Photo credits: entrepreneur.com, princeton.edu, mastermovers.com

1731 Winona Avenue, Montgomery, AL 36107

MLS# 539931

2 Bedrooms | 1 Bath | 1,320 Square Feet | Capitol Heights

This little gem would make a great starter home and would be a perfect income-producing rental for your investment portfolio! The big covered front porch has a swing and is a great place to relax and unwind. The large living room opens to the dining room and updated kitchen with cool poured concrete countertops! There are two original bedrooms and an updated hall bath, PLUS a rear den/family room that opens to the back deck that could be used as a third bedroom. A big deck off the back of the house overlooks a nice-sized fenced backyard, with lots of potential for gardening. Located minutes from Downtown, shopping, dining, and entertainment!

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