Nita Summerlin-REALTOR, Re/max Realty Professionals

09/25/2026

Inheriting a House With a Reverse Mortgage: How to Handle It
Navigating the process of inheriting a home with a reverse mortgage can feel overwhelming, especially along our Gulf Coast where family homes often hold years of memories. If the borrower passes away, the reverse mortgage must be repaid or the home is surrendered. However, a co-borrower or qualifying nonborrowing spouse may remain in the home—provided certain requirements are met, including keeping up with taxes and insurance. I’ve walked many families through these situations, always focused on providing clear, honest guidance. If you’re facing decisions about an inherited property in Alabama or Florida, know that you’re not alone—there are steps you can take to protect your interests and honor your loved one’s legacy.
http://www.nitasummerlinrealtor.com/agent-news/nita-summerlin/1975242-Inheriting-a-House-With-a-Reverse-Mortgage%3A-How-to-Handle-It

09/24/2026

Discover this property for $24,000—a great opportunity that truly stands out.

09/24/2026

What Smaller U.S. Homes Could Mean for Buyers
Over the last decade, we’ve seen a noticeable shift in new single-family homes across the U.S.—the average size has dropped from 2,700 to 2,400 square feet, yet the price per square foot has soared by nearly 72%. In 2025, one in four new homes sold measured under 1,800 square feet, compared to just one in six ten years ago. Larger homes (3,000 sq-ft or more) have become less common, now making up only one in five sales versus one in three previously.

Builders are turning to smaller designs to balance out the rising costs of land, labor, and materials, all while mortgage rates hover between 6% and 7%. For my clients along Alabama and Florida’s Gulf Coast—especially first-time and budget-minded buyers—these smaller homes can bring down payments and monthly costs within reach, even as the overall price per square foot remains high. Navigating these changes is part of how I help families find the right fit, whether it’s a cozy starter home or a beachside retreat, always with your needs at the heart of the process.

09/24/2026

Immersive tour for 6875 Williamsburg Ct Irvington

09/23/2026

Immersive tour for 3707 Swansea Dr Mobile

09/23/2026

Get your teams ready!!
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09/23/2026

Starter Buyers Gain Leverage
I’m seeing a refreshing shift for first-time buyers along the Gulf Coast and beyond: the starter-home market is finally offering more breathing room for those taking their first step into homeownership. Entry-level buyers now have a wider selection, less competition, and more negotiating power than we’ve witnessed in several years. That means you can pursue seller credits, closing cost assistance, rate buydowns, post-inspection repairs, extended inspection periods, and sometimes even appliances or furnishings included—options that give you added flexibility and confidence. Well-priced, move-in-ready homes still move fast, but if a property is sitting on the market or needs work, buyers often have the upper hand in price and terms. Of course, affordability is still a factor: the average 30-year mortgage rate hovered around 7% through mid to late Q3 2026. For those who are financially prepared, this is a window of opportunity where the pace has eased, letting you make careful choices. As always, I encourage my clients to keep savings, credit, and monthly budget in sync to ensure their new home truly supports their financial future. Serving families from Gulf Shores to Pensacola, I’m here to help you navigate these changes with honest, personalized guidance you can trust.

09/22/2026

How Much Down Payment Do You Need To Buy a House?
One of the first questions I hear from families and individuals dreaming of their Gulf Coast home is: how much do you really need for a down payment? The answer depends on your loan type and eligibility. For many, a conventional loan might require just 3% down, while FHA options start at 3.5%. VA and USDA loans can even offer 0% down for qualified buyers. If you’re aiming for that 20% down payment, you can avoid private mortgage insurance (PMI), which typically runs between 0.5%-1.5% of your loan each year. And remember to budget for closing costs—they usually add another 2%-5%. My approach is always about giving you honest, clear information so you can make the best move, whether you’re buying a waterfront getaway, a vacation condo, or a forever home here on the Gulf. Let’s make your next real estate chapter a smooth, informed, and successful one.

09/21/2026