Wendy Carson - Putting that little 'extra' in extraordinary service!

Searching Properties
Please Wait

Results For Tag: home buyer

Improve Your Credit Score

February 20, 2013 |  Article By :   | 

If you are thinking about purchasing a home a good credit score is a must.  Depending on how you think your credit is and where you are in the buying process determines your next steps.  If you are buying in the near future, your loan officer will be able to check your credit for you and will determine if you need to do anything to improve your score or not.  If you are not buying right away or are unsure as to how your credit looks you may want to get a free copy of your credit report and also work on improving your credit score before going to a mortgage banker.

AnnualCreditReport.com is the site to go to once a year to check your credit report and it is free of charge.  It is a good idea to check it yearly just to make sure the information is current and correct, even credit bureaus make mistakes.

If you are just looking to increase your credit score there are a few simple things you can do to bring it up.

  • Pay your bills on time, no late payments on any bills at any time and pay your bills in full if possible
  • Pay all your bills on time including credit cards, medical bills, student loans, utility bills, all bills
  • Keep your credit card balances low, credit reports like to see no more than 30% of your limit on your card being used, if you have a higher balance and pay it, that is fine but it may ding your score a bit, maybe try getting a higher limit
  • Don’t open lots of different credit cards with stores, gas station and other places, keep the number of cards to a minimum and pay them off each month if possible

This may seem like basic information, but it is always surprising how many people have poor credit scores and don’t know why. Follow these tips to get your score up to par.

Why You Need To Buy Now

February 12, 2013 |  Article By :   | 

5853529_sIf you have been thinking about buying a home but have been putting it off, you really should get ready and buy sooner rather than later. Many buyers have just been waiting as prices continued to sink as well as interest rates but things are all starting to change and if you don’t get out and buy soon, you may end up paying a lot more for many reasons!  I have made a list of 5 of the biggest reasons to get out and buy now.

  1. Mortgage rates – while they are still at historic lows, they are forecast to start rising in 2013
  2. Rent is skyrocketing – right now for many, it is less expensive to buy than to rent, why not pay yourself that rent money
  3. Home prices are rising – while the housing market is far from a complete recovery, prices have started to rise and this trend is expected to continue
  4. Mortgages will be tougher to get – the government is expected to continue to tighten the guidelines for mortgages
  5. FHA loans are going to get expensive – FHA is going to dramatically increase the cost of FHA mortgage insurance late this spring making these loans much more expensive.

Now is the time to get into that new home while the prices and mortgages are still low!

5 Buyer Tips

November 5, 2012 |  Article By :   | 

1.  Find a good lender. Your realtor may have some recommendations for you but if you don’t yet have a realtor, it is best to find a local.  Local lenders know the market in the area you want to buy in and they will know about any special programs that may be offered.

2.  Know where you want to live.  Narrow down the parts of town that you would like to live in. You may use criteria such as schools, taxes, drive to work, etc. By narrowing this down it makes setting up a buyer search much easier.

3.  Find a Realtor.  If you are buying the seller pays the cost of your buyer agent which is another reason you may as well have a Realtor.  Find a Realtor that is knowledgeable in your area and that has experience. You need someone you can trust to help you find your new home.

4.  Don’t rule out less than perfect homes.  Just because a home needs paint or new carpeting, don’t rule it out.  If the price is right you will still get a great deal and you can fix it up as you would like.

5.  Be ready.  Once you are out there looking, if you find a home you just love, you need to be ready to make an offer. Right now with a very low housing inventory, nice homes and good deals are going fast so the sooner you make an offer the better your chances are of getting the home.

If you are ready to start the home buying process, contact me, I can help – I have been successfully selling real estate in the 13 county metro area and Western Wisconsin for over 14 years.