Bathrooms and Preparing Your Home To Sell Part 1 of 4

Home Owners and Home Sellers, you may or may not realize this, but what you are doing right now in your home, whether it is on the market or not, will make an impact on how long it takes your home to sell, how much you will make on the sell of your home, and how difficult or easy the sell will be.

You will learn that when your home goes on the market that any semblance of privacy goes out the window. Your house becomes more of a display piece than a home.

Since we are taking a look in the bathroom, you will agree that there are some things (sights, smells, sounds, etc...) that buyers (visitors) will not want to experience while in that room.

Can you think of some of these items? Some of these might be:

1. Personal hygiene items
2. Soap Scum
3. Mold/Mildew
4. Your shampoo and conditioner collection

So what do you do to prepare that bathroom for guests?

We have identified four things to do to prepare your bathroom for guests, and these are:
1. Clean
2. Fix
3. Sanitize
4. Finishing touch

Today, we want to discuss step 1. Step one is to clean. Cleaning can involve a large number of thingssuch a de-cluttering by getting rid of all those old bottles of shampoo, conditioner, medicine, and boxes from every nook and cranny of the room and cabinets. Next, comes the bottle of bathroom cleaner. Everything and everywhere, while cleaned out, needs a good wipe down inside and out. Make sure you check the shower for soap scum, discolored grout, and mildewed shower curtains or liners.

Now, this list is far from totally inclusive. It is to be a starting point. You will see many things while you are busy cleaning and discover even more as you move on to step 2 which we address later. Fix it!

Making Halloween Memories A Treat and Not A Haunt

Halloween can be a fun time for all of us with families, but like all else. We need to make sure we are doing the things to make sure it is safe and fun.

I found this website, Halloween Safety Guide, while doing some searches on Halloween Safety and thought it would be a benefit to us all.

On the site they outlined safety tips for kids, parents, pets, parties, costumes, and yard haunts. Some of the tips they gave were:

1. "Teaching your kids basic everyday safety such as not getting into cars or talking to strangers, watching both ways before crossing streets and crossing when the lights tell you to, will help make them safer when they are out Trick or Treating."
2. "The best bet is to make sure that an adult is going with them. If you can't take them, see if another parent or a teen aged sibling can go along."
3. "To keep things moving for either an adult party or child's party, make sure that you have some games, like a scavenger hunt or a murder mystery planned in advance."
4. "Instruct your children not to eat any treats until they bring them home to be examined by you."
5. "When building your haunt, make sure that the walk ways are far enough away from things so that people can't trip over them or hurt themselves. This also is good for you, this means that your visitors won't be able to ruin your props and sets. Some people just have to vandalize at this time of year and ruin it for others."
6. "If you are going to dress your pet in a costume, keep in mind that unless the dog or cat is extremely receptive to this kind of thing, you could be causing it discomfort and stress. Some animals don't mind at all but others do not want to be bothered with this kind of thing. They'll be under enough stress with the festivities going on outside and people at the door constantly so don't cause them any more nervousness then you have to. You may love to dress in costume but then, you aren't a dog or a cat."

These were just some of the tips they listed. It would be a good idea for anyone participating to check out all the lists themselves! It is Halloween Safety Guide.

Let's make sure our memories are a treat and not a haunting and frightening remembrance!

Sign the final documents, get the key, and move into your new home: Step 8 of 8 to Buying a Home in Birmingham Alabama

Buying a home can be a daunting task. Because, most people only buy a home once every few years (or longer), we wanted to take the time to remind you of the steps involved in buying a home. This way, you can feel like you have some control of this home buying process.

We have identified eight steps to buying a home.

These are:
1. Decide to buy a home.
2. Find a great real estate consultant.
3. Secure financing
4. Find your dream home.
5. Make a written offer and negotiate the price.
6. Open an escrow account. (Earnest Money)
7. Have a home inspection.

8. Sign the final documents, get the key, and move into your new home.
Yes, it is true, it is time for step 8, Prepare to sign the final documents at closing, get the keys to your new home, and move in!

Finally! You decided to buy a home, found a great real estate consultant, secured financing, found your dream home, made a written offer, negotiated price, paid earnest money, opened an escrow account, had a home inspection..... WHEW! You have cleared the title to the property, and you have closed on the deal. All you have to do now is move in and put out the welcome mat!

Welcome home!

Hoover Alabama Real Estate Market Statistics September 2006 vs. September 2007: Now and Then

I think it's important as a Real Estate Consultant serving Hoover Alabama Real Estate, as a resident, or a future home buyer or seller in the Hoover Area to know the stats.

With so much media coverage about "the state of the real estate market" being broadcast, I want to start doing a now and then segment to show how the market has changed from one year to the next.

September 2007
Listed Properties (during the month): 184
Average Price: $379,160
Price Range: $139,900-$1,645,000


September 2006
Listed Properties (during the month): 219
Average Price: $369,552
Price Range: $109,000-$1,400,000

September 2007
Sold Properties: 110
Average Price: $405,981
Price Range: $160,000-$1,059,944
Average Days on Market: 80

September 2006
Sold Properties: 125
Average Price: $345,813
Price Range: $155,000-$1,082,500
Average Days on Market: 91

If you would like to be contacted as soon as homes become available in the Hoover area just let me know, or if you would like to see statistics about other areas, don't hesitate to ask.


*Note these stats are accurate as of 10/18/07 according to the Birmingham MLS. They are subject to change as agents submit listed and sold properties into the MLS.

Trussville Alabama Real Estate Market Statistics September 2006 vs. September 2007: Now and Then

I think it's important as a Real Estate Consultant serving Trussville Alabama Real Estate, as a resident, or a future home buyer or seller in the Trussville Area to know the stats.

With so much media coverage about "the state of the real estate market" being broadcast, I want to start doing a now and then segment to show how the market has changed from one year to the next.


September 2007
Listed Properties (during the month): 64
Average Price: $305,422
Price Range: $105,000-$985,000


September 2006
Listed Properties (during the month): 88
Average Price: $249,221
Price Range: $41,329-$594,900


September 2007
Sold Properties: 26
Average Price: $255,572
Price Range: $109,900-$500,000
Average Days on Market: 80


September 2006
Sold Properties: 65
Average Price: $244,941
Price Range: $122,000-$552,870
Average Days on Market: 76


If you would like to be contacted as soon as homes become available in the Trussville area just let me know, or if you would like to see statistics about other areas, don't hesitate to ask..


*Note these stats are accurate as of 10/19/07 according to the Birmingham MLS. They are subject to change as agents submit listed and sold properties into the MLS.

Birmingham Alabama Real Estate Luxury Homes Market Watch January-September 2007

The Birmingham Alabama Luxury Home Market has been coming up a lot over the past few weeks based upon statistics from the Birmingham MLS. According to the Birmingham MLS luxury home sales are up. (Let me note for this article, I am classifying luxury properties as those that sell/list for one million or more.)

Sold Properties
Jan-Sept 2006
Number Sold: 69
Average Price: $1,375,566
Price Range: $1,000,000-$2,700,000
Avg. Days on Market: 108
Percent of Asking Price: 95.54%

Jan-Sept 2007
Number Sold: 85
Average Price: $1,463,868
Price Range: $1,000,000-$3,495,000
Avg. Days on Market: 122
Percent of Asking Price:94.66%

According to this, 85 million dollar plus homes have sold so far this year. The highest price sell was $3,495,000 and the average million dollar plus home that sold, sold for $1,463,868. Average days on market for the sold luxury homes was 122 days up 14 days from the same time frame in 2006. However, the average sold price is $1,463,868 which is up $88,302 from the same time period last year.

Listed Properties
Jan-Sept 2006
Number Listed: 216
Average Price: $1,572,977
Price Range: $1,000,000-$4,500,000

Jan-Sept 2007
Number Listed: 239
Average Price: $1,540,245
Price Range: $1,000,000-$4,999,000

According to this, 239 million dollar plus properties have been listed this year. This number is up from 216 properties during the same period last year. Unlike the sold properties though, the average list price is down $33,732. Let me add the even with these numbers being high all of them do not stay on the market. Many are withdrawn or expire and not put back on the market.

Properties Still Active
as of 10/26/07
Number Active: 174
Average Price$1,649,460
Price Range$1,000,000-$4,999,000
Avg. Days on Market: 178

According to this, there are 174 active million dollar plus properties. The highest price home right now is for $4,999,000. Average active price is $1,645,460. The average days on market for the active properties are 178 days.

* Areas included are Jefferson, Shelby, and St. Clair Counties
* All statistics are accurate as of 10/26/07 according to the Birmingham MLS

Earnest Money: Step 6 of 8 to Buying a Home in Birmingham Alabama

Buying a home can be a daunting task. Because, most people only buy a home once every few years (or longer), we wanted to take the time to remind you of the steps involved in buying a home. This way, you can feel like you have some control of this home buying process.

We have identified eight steps to buying a home. These are:
1. Decide to buy a home.
2. Find a great real estate consultant.
3. Secure financing
4. Find your dream home.
5. Make a written offer and negotiate the price.
6. Open an escrow account. (Earnest Money)
7. Have a home inspection.
8. Sign the final documents, get the key, and move into your new home.

Step 6, Submit Earnest Money a.k.a. Open an escrow account. After an agreed upon sales amount has been found, you will submit earnest money, or open as escrow account. Your real estate agent will be the go between for you on this.

The purpose of this amount of money is intent, or proof, that you really do intend on purchasing the home. It is not a down payment. You down payment will be handled through your mortgage company. The earnest money acts as a "good faith deposit" in the hands of the seller's agent's company. I have heard that many buyers may offer as high as 5-10% of the selling price of the home. In my own experience, most buyers have submitted from between .5%-2%.

After this has been done, it will be time to have a home inspection...

Make An Offer and Negotiate the Price: Step 5 of 8 to Buying a Home in Birmingham Alabama

Buying a home can be a daunting task. Because, most people only buy a home once every few years (or longer), we wanted to take the time to remind you of the steps involved in buying a home. This way, you can feel like you have some control of this home buying process.


We have identified eight steps to buying a home. These are:
1. Decide to buy a home.
2. Find a great real estate consultant.
3. Secure financing
4. Find your dream home.
5. Make a written offer and negotiate the price.
6. Open an escrow account. (Earnest Money)
7. Have a home inspection.
8. Sign the final documents, get the key, and move into your new home.




Step 5, Make a written offer and negotiate the price. Now that you have found the home that is perfect for you it is time to work with and through your real estate consultant to make a written offer on the home.




In most cases, people submit their first offer below the listing price. Talk to your real estate consultant about this. Since they are your representatives, they should know what homes have been selling for in that area or neighborhood. Usually, the seller will not accept this first offer.




They will negotiate by countering back with another price. As the negotiating process goes, you will go back and forth until you come to a price that you both can agree on.




Once you have agreed upon a price, it is time to submit earnest money and open the escrow account.

Mountain Brook Alabama Real Estate Market Statistics September 2006 vs. September 2007: Now and Then

I think it's important as a Real Estate Consultant, as a resident, or a future home buyer or seller in the Mountain Brook Area to know the stats.

With so much media coverage about "the state of the real estate market" being broadcast, I want to start doing a now and then segment to show how the market has changed from one year to the next.

September 2007
Listed Properties (during the month): 43
Average Price: $704,740
Price Range: $297,900-$2,100,000

September 2006
Listed Properties (during the month): 47
Average Price: $968,635
Price Range: $282,200-$4,499,000

September 2007
Sold Properties: 22
Average Price: $755,210
Price Range: $225,000-$2,000,979
Average Days on Market: 131

September 2006
Sold Properties: 26
Average Price: $610,242
Price Range: $277,000-$1,885,000
Average Days on Market: 66

If you would like to be contacted as soon as homes become available in the Mountain Brook area just let me know, or if you would like to see statistics about other areas, don't hesitate to ask.You can find all the Birmingham Alabama Real Estate stats on Greater Birmingham Real Estate Resources, on Your Guide To Living In Greater Birmingham, or on Birmingham Alabama Real Estate blog via ActiveRain.

*Note these stats are accurate as of 9/16/07 according to the Birmingham MLS. They are subject to change as agents submit listed and sold properties into the MLS.

Find Your Dream Home: Step 4 of 8 to Buying a Home in Birmingham Alabama

Buying a home can be a daunting task. Because, most people only buy a home once every few years (or longer), we wanted to take the time to remind you of the steps involved in buying a home. This way, you can feel like you have some control of this home buying process.


We have identified eight steps to buying a home. These are:
1. Decide to buy a home.
2. Find a great real estate consultant.
3. Secure financing
4. Find your dream home.
5. Make a written offer and negotiate the price.
6. Open an escrow account. (Earnest Money)
7. Have a home inspection.
8. Sign the final documents, get the key, and move into your new home.


Step 4, Find your dream home. We are well on our way now. Our needs and wants have been determined, we have found a great real estate consultant, and we have secured financing so we know what we can get.
Go out and find a home! I know it is not that easy. Since you have met with your real estate consultant and have picked properties that meet your needs to go see, be sure, as you go through homes, to have a copy of the listing and a place to make notes.


By keeping this, you will have a picture of the home as well as some notes that will help you determine which one will be the perfect fit. A word of warning is that you will start to get mixed up once you have seen somewhere between five and ten homes. Keeping these will help you remember all the homes you have seen and help you make the best decision about your next home.


Once you have selected your next home, it will be time to make and offer and negotiate the price with the sellers.

Secure Financing: Step 3 of 8 to Buying a Home in Birmingham Alabama

Buying a home can be a daunting task. Because, most people only buy a home once every few years (or longer), we wanted to take the time to remind you of the steps involved in buying a home. This way, you can feel like you have some control of this home buying process.


We have identified eight steps to buying a home. These are:
1. Decide to buy a home.
2. Find a great real estate consultant.
3. Secure financing
4. Find your dream home.
5. Make a written offer and negotiate the price.
6. Open an escrow account. (Earnest Money)
7. Have a home inspection.
8. Sign the final documents, get the key, and move into your new home.

Step 3 is secure financing. Now, at this time I probably need to note that is very important to do. Often we have clients come to us who have already been approved or qualified for a loan. Doing this ahead of time will let you know where you should be looking. If you don't do this you will either fall in love with the home that is just slightly more than you can afford, will waste time looking at homes that don't meet your needs because you didn't know how much you could really get, or will take the chance of finding your dream home, only to lose it to another buyer, because you were waiting on the approval.

So, back to securing financing, getting "pre-approved" for a loan in the amount you are willing and able to borrow will put you in a stronger position to buy a home when you're ready.

Now that you know what you can afford, it is time to find your dream home.

It's Pumpkin Time!

It is the time of year for pumpkins and jack-o-lanterns! Pumpkin patches can be seen popping up at churches, communities, schools, and farms all around the area. Glowing smiling faces can be seen at night. It is a fun time.

I was doing some research to see if I could find any tips for finding the perfect pumpkin. I found this article on WikiHow on How To Pick Pumpkins. (You can click the link to see the full article)
I thought I would summarize it for you and give you the short and sweet version.
1. If you are going to be buying for a Jack-O-Lantern, pick your design first. This will let you know what shape pumpkin you will need.
2. Look at its skin. Pick one that has firm skin, unblemished, even colored, and smooth.
3. I thought this was as interesting. Keep a look out for smaller pumpkins ("sugar pumpkins") that are good for eating.
4. Knock. Not to say hello, but to hear a hollow sound which will let you know that it is ripe.
5. Stand it up to make sure it will sit up level. This will let you know where you will have to carve. You don't want it facing the ground.
6. Do not pick it up from the stem. Pick it up from the bottom. Also, leave as much of it there as possible to help it live longer. (If cutting from the vine.)
7. Handle with care. Bruises will shorten its life.
8. Keep it stored in a cool dry place to keep it from rotting.

More important than picking a pumpkin is having a great safe and fun time making memories with your friends, family, and loved ones.

Vestavia Alabama Real Estate Market Statistics September 2006 vs. September 2007: Now and Then

I think it's important as a Real Estate Consultant, as a resident, or a future home buyer or seller in the Vestavia Area to know the stats.

With so much media coverage about "the state of the real estate market" being broadcast, I want to start doing a now and then segment to show how the market has changed from one year to the next.

September 2007
Listed Properties (during the month): 58
Average Price: $448,788
Price Range: $149,900-$1,100,000


September 2006
Listed Properties (during the month): 70
Average Price: $505,215
Price Range: $175,000-$2,825,000


September 2007
Sold Properties: 34
Average Price: $486,555
Price Range: $180,000-$1,950,000
Average Days on Market: 78

September 2006
Sold Properties: 52
Average Price: $402,027
Price Range: $129,000-$1,315,000
Average Days on Market: 61

If you would like to be contacted as soon as homes become available in the Vestavia area just let me know, or if you would like to see statistics about other areas, don't hesitate to ask.You can find all the Birmingham Alabama Real Estate stats on Greater Birmingham Real Estate Resources, on Your Guide To Living In Greater Birmingham, or on Birmingham Alabama Real Estate blog via ActiveRain.

*Note these stats are accurate as of 9/13/07 according to the Birmingham MLS. They are subject to change as agents submit listed and sold properties into the MLS.

Find a Great Real Estate Consultant: Step 2 of 8 to Buying a Home in Birmingham Alabama

Buying a home can be a daunting task. Because, most people only buy a home once every few years (or longer), we wanted to take the time to remind you of the steps involved in buying a home. This way, you can feel like you have some control of this home buying process.


We have identified eight steps to buying a home. These are:
1. Decide to buy a home.
2. Find a great real estate consultant.
3. Secure financing
4. Find your dream home.
5. Make a written offer and negotiate the price.
6. Open an escrow account. (Earnest Money)
7. Have a home inspection.
8. Sign the final documents, get the key, and move into your new home.


Step 2; Find a great real estate consultant. Since you are now at step 2, I am going to assume that you have figured out what your needs and wants are and have decided to purchase a home. Now, find a great real estate consultant.


As a buyer, you are looking for a Buyer's Agent. A Buyer's Agent is a consultant that represents YOU, the buyer, and not the person selling the home. Since they represent you, they will have YOUR best interests at heart.


Really good consultants know their markets (you will see that we make an effort to give you current and comparative stats here on a regular basis), and they will help you find the best match for your needs and wants.
They can also recommend mortgage brokers with whom they've worked in the past.


Next, you will want to begin securing financing. We will look at this next...

Homewood Alabama Real Estate Market Statistics September 2007 vs September 2006: Now and Then

I think it's important as a Real Estate Consultant, as a resident, or a future home buyer or seller in the Homewood Area to know the stats.


With so much media coverage about "the state of the real estate market" being broadcast, I want to start doing a now and then segment to show how the market has changed from one year to the next.


September 2007

Listed Properties (during the month): 55

Average Price: $353,233

Price Range: $99,900-$829,900


September 2006

Listed Properties (during the month): 64

Average Price: $329,360

Price Range: $149,900-$829,900


September 2007

Sold Properties: 22

Average Price: $291,381

Price Range: $130,000-$584,000

Average Days on Market: 89


September 2006

Sold Properties: 19

Average Price: $287,360

Price Range: $165,000-$625,000

Average Days on Market: 81


If you would like to be contacted as soon as homes become available in the Homewood area just let me know, or if you would like to see statistics about other areas, don't hesitate to ask.You can find all the Birmingham Alabama Real Estate stats on Greater Birmingham Real Estate Resources, on Your Guide To Living In Greater Birmingham, or on Birmingham Alabama Real Estate blog via ActiveRain.


*Note these stats are accurate as of 9/13/07 according to the Birmingham MLS. They are subject to change as agents submit listed and sold properties into the MLS.

Do you "Wonder Where The Wild Things Are?" in Birmingham October 20-21, 2007

Coming up this weekend, October 20-21, 2007, the Alabama Ballet will be performing "Where The Wild Things Are."

Shows will be at 1:00 and 7:30 on Saturday, October 20 and at 3:00 on Sunday, October 21, at the Samford University Wright Center.

They promise that the entire family will enjoy this exciting journey with Max to the land of the Wild Things just as Maurice Sendak's award-winning children's book, Where the Wild Things Are, showed us.

For more information you can check out the Alabama Ballet website or Active Culture.

For directions to the Samford University Wright Center check out the map below

View Larger Map

Just one more reason why Birmingham Alabama is a great place to live

Decide to Buy A Home: Step 1 of 8 to Buying a Home in Birmingham Alabama

Buying a home can be a daunting task. Because, most people only buy a home once every few years (or longer), we wanted to take the time to remind you of the steps involved in buying a home. This way, you can feel like you have some control of this home buying process.

We have identified eight steps to buying a home. These are:
1. Decide to buy a home.
2. Find a great real estate consultant.
3. Secure financing
4. Find your dream home.
5. Make a written offer and negotiate the price.
6. Open an escrow account. (Earnest Money)
7. Have a home inspection.
8. Sign the final documents, get the key, and move into your new home.

Step 1, Decide to Buy A Home. That sounds like a reasonable place to begin, doesn't it? For a lot of us though, we are really "just looking" rather than seriously considering moving or buying a new home.

Why is it that you want to find a new home? Has your lifestyle changed enough to warrant this type of investment?

Until you identify your NEEDS and your WANTS, you'll find it very hard to find, just the right home for you.

So, take the time first, to do just that, and then make the decision if buying a house is what you want to do right now.

Scarecrows in the Garden: Hoover Alabama's Aldridge Gardens Family Fun Event

Aldridge Botanical Gardens in Hoover, Alabama has begun its Scarecrows in the Garden contest.

Local area clubs , schools, and businesses have taken the time to enter this contest, and you are the judges!

This contest began on September 29 and will last until October 31, 2007

Admission is free and so is the fun!

Aldridge Botanical Gardens is located at 3530 Lorna Road. Hours of admission are from 8:00 am - 7:00 pm. To reach them for more information call (205)682-8019.

Here is a great opportunity for you and your family to get out enjoy the beautiful Alabama weather, admire the gorgeous Alabama environment and landscape, and have some time well spent with friends, family, or just by yourself. It is a great excuse to just get out of the house and have some fun.

You are sure to have a ball and make memories that will last for years!

For directions, check out the map below.
View Larger Map

8 Steps To Buying A Home in Birmingham Alabama

Buying a home can be a daunting task. Because, most people only buy a home once every few years (or longer), we wanted to take the time to remind you of the steps involved in buying a home. This way, you can feel like you have some control of this home buying process.

We have identified eight steps to buying a home. These are:

1. Decide to buy a home.
2. Find a great real estate consultant.
3. Secure financing
4. Find your dream home.
5. Make a written offer and negotiate the price.
6. Open an escrow account. (Earnest Money)
7. Have a home inspection.
8. Sign the final documents, get the key, and move into your new home

Over the next several days or so we will be going over each of these steps individually. Please check the links we will be adding to see how the process should look.

Stop Being Fearful When Getting A Mortgage in Birmingham Alabama

I want to take a moment, first, to introduce a guest writer to all of you, MainStreet Funding's Lauren Pulliam will be guest, writing several times a month to educate our public about the mortgage industry, trends, and programs available to help you in the home buying or refinancing process.

In the last several months, there has been much coverage on the bad aspects of the mortgage industry. Because of all of the talk in the media, I think a lot of people are left confused, and very reluctant to purchase homes using mortgage brokers.

As with anything else, you do have to use caution when finding the right broker, there are good and bad out there. From personal experience, I have seen both.

There is no doubt that there are predatory mortgage brokers out there, all the more reason to be sure that you are dealing with a broker who understands your mortgage needs.

This is the purpose of this editorial blog.

We want people to stop being fearful of all of the negativity that is being shouted from the rooftops, and let them know that there are plenty of qualified brokers in the market to help them.

If you are looking to apply for a mortgage loan, you certainly want the company handling your mortgage transaction to be open and honest about what options are available to you. In my experience, a consultation is key in determining what the borrower's needs are and what program best serves those needs. Another plus to using a broker is that they have a wide variety of lenders from which to choose from and therefore, in most cases can offer a very competitive rate.

It is our responsibility to find our clients the best fit from all of the resources that we have, and most importantly to give each borrower several options on how their loan is structured. It has been my experience that many borrowers are not aware of the several "safe ways" to structure a 30year fixed mortgage. This is the kind of information we want to share with our readers.

If you will be in the market for a mortgage loan in the near future, now is the time to find a good mortgage partner to do your loan. As a seasoned processor, I can tell you that MainStreet Funding is one of the most honest and hard working companies around.

Stephen Wolfe and Jason Secor with Keller Williams recently said, " We love MainStreet Mortgage. Our experience was incredible, and was a seamless transaction from beginning to end".

If you are interested in working with our team, give us a call today.

Lauren Pulliam, Processor
MainStreet Funding Corporation
1560 Montgomery Highway Suite 206
Birmingham, Al 35216
(205) 824-7799 office
lauren@mainstreetfunding.net

How Does A New Car Payment Affect Your Purchase Price?

In Don't Buy That Car! Or Anything Else! We introduced this inevitable situation so many of us get in to. We expanded on the idea in Fight That Desire To Spend Money!. After discussing the fight we looked into What Are Debt-To-Income Ratios? and What Do They Have To Do With My New Car?

So, how does a new car payment affect your purchase price?

This is what we will look at today. Let's start with the assumption, that this is true. A new car payment will affect your purchase price. For instance, you are earning $5000 a month and have a car payment of $400 a month. (And, let me remind you that this is a low payment.) At current interest rates (approximately 8% on a thirty-year fixed rate loan), you would qualify for approximately $55,000 less than if you did not have the car payment. WOW! This is significant.

You might be thinking to yourself, "I know I can afford the car payment and mortgage payment." BUT, in reality, mortgage companies approve your mortgage based on their guidelines, not your opinion.

I have received some mixed opinions on this subject, but the entire point was to make you think. So, think ahead! If you are going to remember one thing while you are standing there at the car lot, electronics store, furniture stone, etc... remember this. Are you going to be purchasing a home? Purchasing your home is a much bigger purchase when considering your future financial well-being.

What Are Debt-To-Income Ratios? and What Do They Have To Do With My New Car?

In Don't Buy That Car! Or Anything Else! We introduced this inevitable situation so many of us get in to. We expanded on the idea in Fight That Desire To Spend Money!

We ended the last post with our loan officer saying, "If only you didn't have this car payment, you would certainly qualify for a home loan to buy that house." The reason why she said this was because of your "debt-to-income" ratio.

But, what are debt-to-income ratios?

Today, our goal is to define this in a simple and direct manner.

So, simply put, a debt-to-income ratio is the percentage of your gross monthly income (before taxes) that you spend on debt. This will include your monthly housing costs - including principal, interest, taxes, insurance, and homeowner's association fees, if any. It will also include your monthly consumer debt, including credit cards, student loans, installment debt, and....CAR PAYMENTS!

This whole series has been based upon the purchase of a new car right before you buy a home. Please understand that this "car" doesn't have to be a car. It can be any major purchase.

Next, we are going to actually look at how the purchase of the new car affects the price of the home you can purchase.

Popeye says "Get A Home Inspection!"

I was watching cartoons the other day, (YES, with my kids...) and this video came on. I was hoping I could find it. I know it is a little long (about 10 min.), but it illustrates something we all need to be aware of.

Get a home inspection!

No, we can't make you as real estate agents. (However, if you don't you will sign a form that says it was your decision and we are not liable.) Your mortgage company probably will. Either way... You will see here what can happen to a home if it is not properly taken care of. You will also see what can be happening behind the scenes without you even knowing it until it is to late.

I hope you will watch, take note, and take our advice.

Fight That Desire To Spend Money!

In Don't Buy That Car! Or Anything Else! We introduced this inevitable situation so many of us get in to.

We see a car that we just can't stand to live without, and now is the perfect time to buy it.

But, is it really?

Today we are going to talk about this desire we have to spend money and where it could get us.
We all have a special love affair with the automobile and other high priced items that become high priority items on the shopping list. Later, as our dream list expands more and more things will be added to the list and one of those will be a house. Unfortunately, by the time home ownership becomes more than a dream and a priority, you will have already bought the car.

It happens all the time, sometimes just before you contact a lender to get pre-qualified for a mortgage, or right before you decide to call us, your real estate consultants. At the interview, you tell the loan officer your target price range. He will ask about your income, your savings and your debts, and then give you his opinion.

It will sound something like this, "If only you didn't have this car payment, you would certainly qualify for a home loan to buy that house."

You see, when determining your ability to qualify for a mortgage, a lender looks at what is called your "debt-to-income" ratio.

And this is what we will talk about next.

Boo At The Zoo: Alabama's Birmingham Zoo Family Fun Event

It begins this coming weekend and is sure to be frightfully delighful experience!

Nights of the Boo At The Zoo will be October 12-14, 19-21, and 26-28, 2007 from 5:00-9:00 pm each night. The price will be $7.00 for members and non-members alike.

A few of the extra special events include: (Please note these come at an additional cost.)

• Planet of the Ape experience


• Ghost Roller Ride


• Ghastly Carousel & Haunted Train


• Hay Ride

You (and your kids) are encouraged to wear your favorite costume While you are there you will be able to creep through "safe trick-or-treat & game zones."

Each weekend brings a special theme:

October 12-14
All Things Magical Weekend
"Join us for a celebration of all things magical! Harry Potter, Lord of the Rings and King Arthur characters abound! BIG Barbarians and powerful wizards, even some fairies may be seen. Celtic dancers and bagpipes will be joined along with some wandering Minstrels. There will even be magic tricks!"

October 19-21
A Galaxy Far, Far Away...
"Join us for all things space! Star Wars, Star Trek, Battlestar Galatica, Firefly characters, to name a few, will be throughout the Zoo. Battles will take place between The Empire and the Rebellion, plus Klingons and the Star Fleet. A Star Wars Band will perform throughout the weekend."

October 26-28
Things That Go Bump in the Night
"Join us for a traditional weekend of ghouls, goblins, ghosts, werewolves and vampires. Kid friendly, of course."

For more information visit the Birmingham Zoo Website.

For directions see the map below

View Larger Map* All information was gathered and adapted from the Birmingham Zoo website.

Don't Buy That Car! Or Anything Else!

This situation is inevitable.... It is going to happen. The question is...

Is it going to be you?

You're an adult. You can make your own decisions, and you don't need anyone telling you what to do with your money.

UNTIL! You see the commercial on TV. It has a smooth ride, it handles like a dream, it can stop on a dime, goes 0-60 in 2.3 seconds, and, most importantly, girls like it! Plus, it has a special financing special paying no interest for 6 years with a price reduction of $5,000 for one week only.

STOP! If you want that house. Don't buy the car. Even if you feel that you can afford a car payment and it is the perfect opportunity to get your dream one, mortgage companies have their own ideas about your ability to pay for a home and car.

We want to explain a little bit about:
1. This desire we have to spend money
2. The importance of your debt-to-income ratio
3. How a new car payment reduces your purchase price

Over the next few days we will be spending some time looking at these three things.

Crestwood Birmingham Alabama Real Estate Market Statistics September 2007

I think it's important as a Real Estate Consultant serving Crestwood Alabama Real Estate, as a resident, or a future home buyer or seller in the Crestwood Area to know the stats.

September 2007
Newly Listed Properties during September: 24
Average Price: $210,612
Price Range: $29,999-$348,000

September 2007
Sold Properties: 5
Average Price: $204,880
Price Range: $160,000-$239,900
Average Days on Market: 78

Currently Active as of 10/4/07
Active: 100
Average Price: $210,744
Price Range: $109,500-$414,000
Average Days on Market: 91

If you would like to be contacted as soon as homes become available in the Crestwood just let me know, or if you would like to see statistics about other areas, don't hesitate to ask.

You can find all the Birmingham Alabama Real Estate stats here on Greater Birmingham Real Estate Resources, on Your Guide To Living In Greater Birmingham, or on Birmingham Alabama Real Estate blog via ActiveRain.

*Note these stats are accurate as of 10/4/07 according to the Birmingham MLS. They are subject to change as agents submit listed and sold properties into the MLS.

Be Happy - Live Longer

I clicked online today and read the most interesting article about being happy. It said, "Being optimistic in middle age increases life span by at least 7.5 years-even after accounting for age, gender, socioeconomic status, and physical health, according to a large Yale University survey."

So, what are the things that bring this optimism. This article discussed the four Habits of Happy People. You can go and see the entire story from the experts. Let me share with you my impressions.

Habit 1: Don't Stop Talking Ever
OK, that is an exaggeration, but the point it to be engaged in conversation. A professor of medicine and epidemiology at UCLA, Teresa Seeman, PhD, says that, "Just talking on the phone to a friend has the immediate effect of lowering your blood pressure and cortisol levels..." and "Our research shows that having good long-term relationships provides as many physical benefits as being active or a nonsmoker." According to the article, people who are social at least once a week "live longer, keep their brains sharp, and prevent heart attacks."

Habit 2: Be Thankful
Author of "The How of Happiness: A Scientific Approach to Getting the Life You Want," Sonja Lyubomirsky, PhD, said that, "It's hard to be bitter and mad when you're feeling grateful." They suggested recording the things you are thankful for several times a week. I would imagine saying them sometimes would be good too. Benefits of this were noted as being "optimistic about the upcoming week and more satisfied overall with their lives, (and)...they also feel physically stronger."

Habit 3: Random Acts of Kindness
I have always heard to perform random acts of kindness. (If you plan them, are they random?) How many are necessary though? They suggest five to "boosts your sense of well-being and happiness." Lyubomirsky does warn us though that there will be ramifications to your acts of kindness. It is possible that "You see how much you're appreciated and liked by others."

Habit 4: Reflect, Review, Restart
It took me a minute to come up with three re's, but they do sum up the fourth habit. They suggest to start by reflecting upon the past. The good, the bad, and the ugly. Review these times and think of them as "triumphs, missteps, and lessons for the future." Reviewing the triumphs can have an amazing affect on your self-esteem and reviewing the missteps can bring upon the forgiveness that you should have done for yourself years ago. Robert N. Butler, MD, president of the International Longevity Center-USA, says that, "If you can come to terms with past events, you'll be better able to handle tough times down the road."

Does this mean that the pessimist is doomed to short and miserable life?
Well, yes and no. Apparently there are two kinds of pessimists. (Who knew?) There are active ones and passive ones. Active ones, according to the article, an active pessimist is "a feisty spirit who loves to complain, criticize, and generally mix it up with others-but then takes action." Toni Antonucci, PhD, director of the Life Course Development Program of the Institute for Social Research at the University of Michigan says that, "Active pessimists do battle with life. Being that engaged is actually good for them and can provide some of the same benefits that optimists enjoy." and "Passive pessimists, on the other hand, feel paralyzed by gloom, have given up on themselves and life, and will likely live fewer years because of their bummer attitude."

Be Happy! Be Positive! Live Long!

Mountain Brook Alabama Real Estate Market Statistics September 2007

I think it's important as a Real Estate Consultant serving Mountain Brook Alabama Real Estate, as a resident, or a future home buyer or seller in the Mountain Brook Area to know the stats..

September 2007
Newly Listed Properties during September: 43
Average Price: $708,602
Price Range: $309,900-$2,100,000

September 2007
Sold Properties: 21
Average Price: $719,744
Price Range: $225,000-$2,000,979
Average Days on Market: 103

Currently Active as of 10/3/07
Active: 187
Average Price: $831,478
Price Range: $255,000-$4,499,000
Average Days on Market: 103

If you would like to be contacted as soon as homes become available in the Mountain Brook area just let me know, or if you would like to see statistics about other areas, don't hesitate to ask.

You can find all the Birmingham Alabama Real Estate stats here on Greater Birmingham Real Estate Resources, on Your Guide To Living In Greater Birmingham, or on Birmingham Alabama Real Estate blog via ActiveRain.

*Note these stats are accurate as of 10/3/07 according to the Birmingham MLS. They are subject to change as agents submit listed and sold properties into the MLS.

Trussville Alabama Real Estate Market Statistics September 2007

I think it's important as a Real Estate Consultant serving Trussville Alabama Real Estate, as a resident, or a future home buyer or seller in the Trussville Area to know the stats.

September 2007
Newly Listed Properties during September: 63
Average Price: $294,117
Price Range: $85,000-$985,000

September 2007
Sold Properties: 25
Average Price: $256,872
Price Range: $109,900-$500,000
Average Days on Market: 83

Currently Active as of 10/2/07
Active: 365
Average Price: $313,755
Price Range: $85,000-$985,000
Average Days on Market: 153

If you would like to be contacted as soon as homes become available in the Trussville area just let me know, or if you would like to see statistics about other areas, don't hesitate to ask..

You can find all the Birmingham Alabama Real Estate stats here on Greater Birmingham Real Estate Resources, on Your Guide To Living In Greater Birmingham, or on Birmingham Alabama Real Estate blog via ActiveRain.

*Note these stats are accurate as of 10/2/07 according to the Birmingham MLS. They are subject to change as agents submit listed and sold properties into the MLS.

Birmingham Alabama Fall Parade of Homes Special Events

The Birmingham Alabama Fall Parade of Homes is in full swing and off to a great start. If you haven't been already there are a number of great reasons to go. I found this list of Special Events in the New Homes of Greater Birmingham section of the paper this weekend.

Some of the Special Events will be:

•* Past Perfect, a local home store, will be showing off the newest rends in materials and furnishings. They will be at 2004 Springhill Court in the Highland Lakes area of Chelsea.

•* K&K Audio Visual will be demonstrating the newest technology in sound systems for surround sound systems, multi-room audio systems, and show the added value and features of digital technology at 2151 Lakeview Trace in the Lakeview area of Carrington Lakes in Trussville.

•* On October 7^th from 1 until 4 a cooking with gas demonstration will be presented by Chef Bob from The Mall Restaurant and Chef Bob's Bakery. He will also be at 2151 Lakeview Trace in the Lakeview area of Carrington Lakes in Trussville.

•* On October 14^th from 1 until 4 Trussville Utilities will be sponsoring a cooking demonstration highlighting "Courtney's Special Chicken & White Sauce" also at 2151 Lakeview Trace in the Lakeview area of Carrington Lakes in Trussville.

•* On October 6^th from 10-5 and October 7^th from 12 until 3 a number of chefs will be cooking their favorites on Wolf appliances at 3786 Village Lane at The Park at Overton.

•* On October 13^th from 10 until 5 and October 14^th from 12 until 3 a number of chefs will be cooking their favorites on Wolf appliances at 351 Highland View Drive in Highland Lakes.

•* On October 7^th from 2 until 4 Alabama Power Company will be sponsoring an electric cooking demonstration at 986 Tyler Crest Lane in Tyler Crest of Bluff Park.

Now, if these don't get your mouth watering for the Parade of Homes, check out this link to find even more Fall Parade of Homes Special Events that will be going on over the next two weekends.

Have Fun!

Vestavia Alabama Real Estate Market Statistics September 2007

I think it's important as a Real Estate Consultant serving Vestavia Alabama Real Estate, as a resident, or a future home buyer or seller in the Vestavia Area to know the stats.

September 2007
Newly Listed Properties during September: 57
Average Price: $488,505
Price Range: $149,900-$1,100,000

September 2007
Sold Properties: 31
Average Price: $486,254
Price Range: $180,000-$1,950,000
Average Days on Market: 84

Currently Active as of 10/2/07
Active: 305
Average Price: $561,483
Price Range: $125,000-$2,499,000
Average Days on Market: 120

If you would like to be contacted as soon as homes become available in the Vestavia area just let me know, or if you would like to see statistics about other areas, don't hesitate to ask.

You can find all the Birmingham Alabama Real Estate stats here on Greater Birmingham Real Estate Resources, on Your Guide To Living In Greater Birmingham, or on Birmingham Alabama Real Estate blog via ActiveRain.

*Note these stats are accurate as of 10/2/07 according to the Birmingham MLS. They are subject to change as agents submit listed and sold properties into the MLS.

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Hoover Alabama Real Estate Market Statistics September 2007

I think it's important as a Real Estate Consultant serving Hoover Alabama Real Estate, as a resident, or a future home buyer or seller in the Hoover Area to know the stats.

September 2007
Newly Listed Properties during September: 180
Average Price: $377,660
Price Range: $139,900-$1,645,000

September 2007
Sold Properties: 103
Average Price: $403,182
Price Range: $160,000-$1,059,944
Average Days on Market: 71

Currently Active as of 10/2/07
Active: 877
Average Price: $455,584
Price Range: $134,900-$4,999,000
Average Days on Market: 123

If you would like to be contacted as soon as homes become available in the Hoover area just let me know, or if you would like to see statistics about other areas, don't hesitate to ask.

You can find all the Birmingham Alabama Real Estate stats here on Greater Birmingham Real Estate Resources, on Your Guide To Living In Greater Birmingham, or on Birmingham Alabama Real Estate blog via ActiveRain.

*Note these stats are accurate as of 10/2/07 according to the Birmingham MLS. They are subject to change as agents submit listed and sold properties into the MLS.

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Homewood Alabama Real Estate Market Statistics September 2007

I think it's important as a Real Estate Consultant serving Homewood Alabama Real Estate, as a resident, or a future home buyer or seller in the Homewood Area to know the stats.

September 2007
Newly Listed Properties during September: 55
Average Price: $353,688
Price Range: $99,900-$829,900

September 2007
Sold Properties: 20
Average Price: $296,820
Price Range: $130,000-$584,000
Average Days on Market: 83

Currently Active as of 10/2/07
Active: 261
Average Price: $387,941
Price Range: $99,900-$1,085,000
Average Days on Market: 103

If you would like to be contacted as soon as homes become available in the Homewood area just let me know, or if you would like to see statistics about other areas, don't hesitate to ask.

You can find all the Birmingham Alabama Real Estate stats here on Greater Birmingham Real Estate Resources, on Your Guide To Living In Greater Birmingham, or on Birmingham Alabama Real Estate blog via ActiveRain.

*Note these stats are accurate as of 10/2/07 according to the Birmingham MLS. They are subject to change as agents submit listed and sold properties into the MLS.

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