Karen Montgomery's Blog
You know that your credit score is incredibly important when you want to buy a home. There’s certain things that you could be doing in your everyday life that are hurting your credit score. Here’s what you need to avoid in order to keep your credit score up:
Don’t Allow For Too Many Credit Inquiries
When you’re at the checkout lane at the store, and the clerk informs you that you can save a lot of money if you just open this instant credit card on the spot, that can pose a problem. The issue with this is that the store will be instantly checking your credit score as well. These inquiries hang on your credit report for a certain amount of time. Certain inquiries can also make your score dip. Too many credit inquiries can make lenders suspicious of your ability to be a dependable borrower.
Unpaid Bills Can Add Up
If you forget to pay small credit card bills here and there, it could add up. Think of things like library books, medical bills, and credit card payments. That unreturned library fee that you never paid could come back to haunt you. A medical bill that was sent to collections can become a problem on your credit report. Most of the time, all you need to do is pay these fees up for your score to bounce back.
Credit Report Errors
Your credit report could have incorrect information about your financial situation and records. Your credit score could be dragged down just because of some errors on the report. If you do find an error on your report, you’ll be able to submit a claim to rectify the error.
Using Too Much Of Your Available Credit
Just because a credit limit is at $5,000, doesn’t mean that you need to max it out. Even if you pay your bills each month, using too much of your available credit can really harm your score. For your credit score to be calculated and to see how loan worthy you are, your total available credit and how much of that total credit is being used will be put into a formula. Beware of how much of your credit you use in order to keep that score up.
Not Touching Your Credit
You actually need to use your credit in order to build your score. You need credit history in order to have something for loan officers to work with. Accounts that become inactive over time will be closed by default and actually negatively impact your score.
By using your credit responsibly, you’ll keep your credit score up and be in good shape to buy a house.
If your Florida luxury home has a massive garden, Olympic-size swimming pool or other great features, you should try to show off these features when you sell your residence. That way, you can boost the likelihood of a profitable luxury home selling experience, regardless of whether your residence is located in Orlando, Miami or elsewhere in the Sunshine State.
Ultimately, there are lots of things you can do to highlight the true size of your Florida luxury house to prospective buyers, such as:
1. Eliminate Clutter
Clutter is a problem that Florida luxury home sellers should eliminate as quickly as possible. Because if your luxury house in Jacksonville, Fort Lauderdale or anywhere else in Florida is loaded with excess items, it may be tough for buyers to see your residence's full potential.
If you need to cut down on clutter in your Florida luxury house, there is no need to worry. You can always host a yard sale or sell your excess items online. Or, you can donate items to charity. You can even rent a storage unit to hold various personal belongings until you finalize your Sunshine State luxury home sale.
2. Get Organized
Although your Florida luxury home is large, assorted items may be scattered throughout your residence. Fortunately, if you allocate time to organize your Sunshine State luxury house, you could make your home an attractive option to potential buyers.
For those who want to organize a luxury home in Lake Worth, Clearwater or any other Florida city or town, it generally is a good idea to pick up storage bins and shelving units. With storage options at your disposal, you can enhance the look and feel of your Sunshine State luxury home's interior in no time at all.
3. Clean As Much As Possible
If a Florida luxury home is neat and tidy, it will be easy for you to show off your residence's full size. Perhaps best of all, buyers should have no trouble envisioning what life may be like in a pristine Florida luxury residence – something that may lead to many offers to purchase shortly after you list your house.
If you need help cleaning your Florida luxury house, you can reach out to professional cleaning companies as well. Professional cleaning firms are available in cities and towns across the Sunshine State, and these businesses will do whatever it takes to help you clean each room of your residence.
Lastly, if you are searching for ways to streamline the Florida luxury home selling journey, you may want to hire a real estate agent. This housing market professional can offer expert home selling guidance and will do everything possible to ensure you can achieve your desired results. Thus, if you want to stir up lots of interest in your South Beach luxury home, a real estate agent can help you do just that. On the other hand, if you want to get the best price for your St. Augustine luxury house, a real estate agent will ensure you can maximize your home sale earnings.
Use the aforementioned tips, and you can show off the true size of your Florida luxury residence to potential buyers at any time.
The age-old problem of trying to stretch your household budget is a challenge nearly everyone grapples with at one time or another. If you're confounded by the fact that your paycheck(s) seem to disappear within days of depositing them, it may be time to examine your spending habits.
Creating a written budget is often an eye-opening experience, especially if you haven't taken the time to do that recently -- or ever! Itemizing all your monthly and periodic expenses can not only help you realize where the money's going, but it can also give you a greater feeling of control over your life. As an added bonus, reviewing your household budget a couple times a year will also increase your awareness of your debts, your income, and your spending habits. Once you know how tight your budget is and whether you need to reduce expenses or increase income, you'll be in a stronger position to effectively manage your family's finances.
- Creating a budget: Whether you prefer to use spreadsheets, software, or just a simple income-versus-expenses chart, setting up a budget will help put you in the driver's seat of your cash flow situation. While there are many distinctions between running a business and managing a household, there are probably more similarities than differences!
- Identifying "money leaks": If your family's budget seems tighter than you'd like it to be, one possible reason is that you're spending more than you need to on some expenses. The perfect examples are homeowners' and automobile insurance. You've probably seen and heard countless ads for well-known insurance companies that say they can save you hundreds of dollars a year on your insurance policies. If you've been dismissing those claims as mere hype, consider the possibility that you may actually be paying more on your insurance premiums than necessary. It may be worth your while to have your insurance agent review your policy with you to make sure you're getting all the coverage you need and the discounts to which your entitled. The best way to remove any doubt is to get two or three quotes from other reputable insurance companies. You can often do this through email or online, so you shouldn't have to go to time-consuming office appointments just to get a few insurance quotes. To compare "apples to apples," make sure to use identical coverage amounts and deductibles for each estimate your seeking; hopefully the agents you deal with will remind you of that. It's also possible to save hundreds more dollars a year by contacting your cable TV company, Internet service provider, and cell phone service (It might be one company) to discuss ways your bill can be lowered. The first step would be to examine your latest invoice and determine whether you're paying for services you don't use or need. If you see charges that are excessive or confusing, don't hesitant to get on the phone and have those issues clarified. If inconsistent utility bills are a problem, then switching over to a monthly budget plan will make your expenses more predictable and manageable.
A home inspection may make or break the property buying journey. If you attend a home inspection and find no major issues with a residence, you may choose to move forward with your house purchase. However, if a home inspection reveals significant problems, you may decide to rework a home purchase agreement or walk away from this agreement altogether.
If you plan to purchase a home, it generally is a good idea to include a home inspection in your property buying strategy. And if you know how to plan for a house inspection, you can use this evaluation to gain the insights you need to make a data-driven decision about a home purchase.
Now, let's take a look at three tips to help you prepare for a home inspection.
1. Hire an Expert Home Inspector
With an expert home inspector at your side, you can gain comprehensive insights into a house's overall condition. Then, you can obtain an in-depth inspection report to help you weigh the pros and cons of purchasing a residence.
It is important to conduct an extensive search for the best home inspectors in your area. Search for home inspectors who boast many years of industry experience and come highly recommended from past clients. By doing so, you can find a home inspector who will meet your expectations.
2. Craft a Home Inspection Checklist
It often helps to enter a home inspection with a checklist. If you have a checklist in hand, you should have no trouble conducting a full home evaluation.
You should include all areas of a residence's interior and exterior in your home inspection checklist. Furthermore, you should include a home's heating and cooling system, roof and other key parts of a house in your checklist.
3. Consult with a Real Estate Agent
Preparing for a home inspection may prove to be stressful. Thankfully, a real estate agent can help you get ready for a home inspection and ensure you can make the best-possible decision regarding a house purchase.
A real estate agent is a homebuying expert who is happy to help you at all stages of the property buying journey. In the days leading up to a home inspection, a real estate agent can respond to any of your concerns or questions so you can prepare for the evaluation. Next, on the day of the inspection, a real estate agent will attend the evaluation with you. And after the inspection is complete, you and your real estate agent can discuss the assessment results and determine how to proceed.
Ultimately, a real estate agent can help you streamline the home inspection process. He or she may even be able to put you in touch with the top house inspectors in your area, thereby increasing the likelihood that you can identify any major property issues before you finalize a home purchase.
Ready to conduct a home inspection? Use the aforementioned tips, and you can enter a home inspection as an informed property buyer.