RE/MAX Advantage I



Posted by RE/MAX Advantage I on 5/23/2019

If youíre hoping to buy a home in the near future there are several financial prerequisites that you should aim to meet. Ideally, youíll want a sizable down payment, a verifiable income history, and a good credit score.

It takes time to build credit. For most people, it can be several months or even years before they see a double-digit change in their credit score. However, if you have a low credit score and want to give it a quick boost, there are ways you can make a big difference.

But first, why should you focus on your credit score?

Credit scores and mortgages

When you apply for a mortgage there are several factors that your lender will take into consideration. One of their top concerns will be your credit score. This score is like a snapshot of your financial reliability. It tells lenders how much risk is involved in lending to you.

As a result, lenders will increase your interest rate if you are high risk and lower it if you are lower risk. To be a low risk homeowner, youíll want your score to be in the high range, (usually 700 or above).

Credit change potential

Depending on your financial history, it can be more difficult to raise your score in a shorter period of time. If you are young, donít have a long credit history, or havenít had many bills to pay in your lifetime, your score will be more malleable than someone who has had low credit for years due to late payments.

In the United States, you have to be eighteen to open up a credit card or take out a loan by yourself (this is different from getting a loan co-signed by a parent or guardian).  You can also ask your parents or guardians to add you as an authorized user of their credit cards. This will let you build credit without having to settle for the high interest rate credit cards you would be eligible for.

If you happen to have a low score (anywhere between 300 - 600), the good news is you can achieve a larger change over a shorter amount of time than someone who already has a high score.

So, how do you achieve that change?

Credit errors

One of the easiest ways to quickly improve your score is to check for errors in your credit report. You can get a free report each year from the three main credit bureaus--Equifax, TransUnion, and Experian.

Look out for bills that have been mistakenly put under your name and for collections that shouldnít be on your account.

Avoid new credit

One thing that can do short-term harm to your credit score is opening or attempting to open new lines of credit. That can be a store card, a loan, or getting your credit checked by a lender.

If you want to build credit quickly, making several inquiries could land you with a lower score than where you started.

Pay your regular expenses with credit

A good way to gain credit points in a few months is to pick a monthly expense to use your credit card for. Pay off your full balance at the end of each billing cycle to earn the most points while avoiding building up too much interest.





Categories: Uncategorized  


Posted by RE/MAX Advantage I on 5/16/2019

Let's face it Ė the thought of entering the home selling market can be stressful, even if you don't plan to put your house on the market for several weeks or months. However, there are many simple ways to ensure you can enjoy a fun, exciting and successful home selling journey.

Now, let's take a look at three tips that you can use to kick off an unforgettable home selling journey.

1. Examine Your Home's Interior and Exterior

How will a potential homebuyer view your residence when he or she sees it for the first time? This is a question that you'll want to consider closely, as a homebuyer's first impression of your residence may dictate whether he or she moves forward with an offer.

Take a close look at your house's interior and exterior from a homebuyer's perspective. If home improvements are necessary, now may be the ideal time to complete these tasks. That way, you can enhance your house's interior and exterior before you add your residence to the real estate market.

Also, a home appraisal may help you identify problem areas with your residence. This appraisal enables a property inspector to examine your residence from top to bottom and can help you better understand your house's strengths and weaknesses.

2. Declutter Your Residence

Unfortunately, clutter can accumulate in a home over an extended period of time. But if you start decluttering your home today, you may be able to avoid the stress of cleaning out your residence as you get closer to adding your home to the housing market.

To declutter effectively, consider items that you need to keep and store them safely. Then, take the items that you no longer require and consider all of your options to get rid of them quickly and safely.

In many instances, you can sell excess items or donate them to charity. Or, you can always offer these items to family members and friends as well.

3. Meet with a Real Estate Agent

What does it take to get your house ready for the real estate market? Meet with a real estate agent, and you can learn everything you'll need to know about selling a house.

A real estate agent understands the ins and outs of the real estate market. As such, he or she can answer any questions that you may have about the home selling journey and help you plan accordingly.

In addition, after you list your residence, your real estate agent will streamline the home selling cycle. This housing market professional will set up home showings and open houses, promote your residence to large groups of potential buyers and much more. By doing so, your real estate agent will do everything possible to help you maximize the value of your residence.

When it comes to getting ready to sell your home, there is no need to worry. Instead, use the aforementioned tips, and you'll be able to enjoy a memorable home selling journey.




Categories: Uncategorized  


Posted by RE/MAX Advantage I on 5/9/2019

The home selling journey can be long and time-consuming, particularly for those who are listing a residence for the first time. Lucky for you, there are many quick, easy ways to avoid the danger of becoming a "typical" home seller, i.e. someone who lacks the skills and know-how to generate plenty of interest in his or her property.

Now, let's take a look at three tips that you can use to become an expert home seller.

1. Review the Current State of the Housing Market

The housing market often fluctuates. As such, a buyer's market today may quickly morph into a seller's market tomorrow.

Ultimately, an expert home seller will allocate the necessary time and resources to learn about the current state of the real estate market. He or she will be able to identify housing market patterns and trends and collect extensive real estate market data to map out the home selling journey accordingly.

To learn about the housing market, take a look at some of the houses that are currently available in your city or town. Evaluating available houses in your area will allow you to find out how your residence stacks up against the competition.

Also, assess the prices of recently sold residences in your region. This may help you differentiate between a buyer's market and a seller's market.

2. Analyze Your House's Interior and Exterior

For a home seller, it is paramount that his or her residence makes a positive first impression on potential homebuyers. And if you enhance your house's interior and exterior, you may be able to boost your chances of a quick, seamless home sale.

A property appraisal usually represents a great starting point for home sellers. This appraisal involves a full evaluation of your house by a property inspector. Then, you'll receive a report that outlines your home's strengths and weaknesses and will help you plan any home improvement projects.

Also, it is important to remember that there are many simple ways to upgrade your home's exterior and interior.

Home exterior improvements like mowing the front lawn and clearing dirt and debris from walkways can make a world of difference in the eyes of homebuyers.

Removing clutter from your home offers multiple benefits as well. De-cluttering allows you to free up space inside your residence as well as get rid of unwanted items.

3. Collaborate with a Real Estate Agent

There is no need to navigate the home selling process on your own. Fortunately, you can hire a real estate agent to help you remove the guesswork as you proceed along the home selling journey.

A real estate agent understands what it takes to promote your residence to large groups of potential property buyers. In fact, he or she will set up property showings and open houses, offer honest, unbiased home selling suggestions and respond to your home selling queries at any time.

Don't settle for an "average" home selling experience. Instead, use the aforementioned tips, and you can become an expert home seller in no time at all.




Categories: Uncategorized  


Posted by RE/MAX Advantage I on 5/2/2019

One exciting part of moving into a new home is dreaming up all the ways you will redecorate and make it your haven. Hereís a guide to picking the perfect paint colors and types for a gorgeous home.  

Part of choosing a great color selection is understanding what makes your colors work together so well. You want to pick and stick to one of three color schemes.

Hereís a quick art lesson for today:

Analogous colors are next to each other on the color wheel. These colors when used together allow one color to really stand out.

Monologous colors are shades in the same color family. This color scheme creates a soothing, calm feel to a room.

Complementary colors are opposite one another on the color wheel. The colors in this type of color scheme balance each other equally.

Before heading to the home improvement store for some paint samples itís best to have the rest of your roomís decor picked out first. Once you have furnishings and accessories picked out you can find a shade for your walls that will tie the entire room together.

A general rule of thumb is:

  • If you choose a bright or vibrant color for your furniture, choose a neutral shade for your walls.

  • If you choose neutral colored furnishings you can bring in a bright, vibrant color for your walls.

When designing your entire home itís best to think of the overall design scheme cohesively. Not every room needs to look the same or have the same colors. However, it should feel like a natural flow and progression as you move from room to room.

Now that you know your colors youíre ready to pick out your paints.

Have you ever wondered why there are so many paint sheen options? And if there is someone out there painting their house entirely with high gloss paint?

While I cant answer the latter question the answer to the former is this: the glossiness of paint directly affects how easy it is to clean.

Here a general guideline of where to use which type:  

High gloss should be used for high traffic areas that come into a lot of contact. Think railings and furniture. High gloss can be more costly per gallon but worth the relatively small investment in the long run.

Semi-gloss is great for places that come into contact with a lot of moisture. These are areas like cabinets and trim.

Satin sheen is great for bathroom and kitchen walls. Itís a great balance between a gloss and the matte finish many prefer for their walls.   

Eggshell is perfect for bedrooms and other rooms where they arenít likely to meet as many messes or moisture as the bathroom and kitchen.





Posted by RE/MAX Advantage I on 4/25/2019

When you stop and think about all the preparations involved in putting your house on the market and avoiding mistakes, it can feel overwhelming! The good news is that you don't have to go it alone.

An experienced real estate agent can provide you with invaluable guidance on everything from effectively staging your home to complying with seller disclosure requirements.

One aspect of selling your house in the shortest amount of time (and for the highest price) is doing everything you can to make a great first impression on prospective buyers. You've probably heard the old expression "Presentation is everything." While that might be a slight overstatement when it comes to selling your house, it is a concept that is well worth keeping in mind. The overall impression prospective buyers take away with them after they've viewed your property will have a powerful impact on whether they decide to include it on their "short list."

Let There Be Light!

Sometimes the simplest changes can produce the biggest results. One example is lighting. If a room is inadequately lit, then you're not going to be showing it to its best advantage. Spaces that are too dimly lit can come across as dreary, shadowy, and uninviting. If you have bedrooms or other living spaces that don't have a ceiling light, for example, it might be worth the expense of having an electrician come in and correct that. Otherwise, homebuyers may find it frustrating and off-putting when they flip a wall switch, and it only turns on a ceiling fan, a floor lamp, or nothing!

Dimmer switches are often an easy and inexpensive solution for rooms that seem either too bright or too dark. Prospective buyers like the feeling that they can adjust the lighting in any room to match their immediate needs and mood.

Letting in as much natural light from the outside is another way to create a bright, cheerful ambiance in your home. Using decorative curtain ties to pull back curtains as far as possible can add a nice finishing touch while allowing as much outside light to shine in as possible.

If you happen to notice that your curtains are wrinkled, faded, tattered, heavy looking, or noticeably dated, you might want to consider replacing them with newer, more cheerful versions. The appearance and age of your curtains can have a lasting effect on the impression house hunters get from your home.

While we're on the topic of windows, keeping them impeccably clean is a goal worth prioritizing. That can be a difficult thing to keep up with if you have young children and pets who are always leaving smudges on glass and mirrors, but the cleanliness of windows is a small but important detail that will be noticed by potential buyers.

Although there are dozens of things to keep in mind when trying to make a great impression on home buyers, your real estate agent will help you identify cost-effective strategies for putting your best foot forward.







Tags
UA-48081509-1