How to Fix Your Credit Score

24 Jun 2016 · by Virtual Results PubSub

How to Fix Your Credit ScoreIf you’re gearing up to buy a house, one of the most important things you can do to prepare is to check your credit score. That number is going to help determine how much interest you’ll pay on your mortgage – or whether you’ll qualify at all. By checking early, you’ll have more time to repair your score and save yourself money in the long run.

Know what credit score you need

While there is no hard and fast rule about what the minimum credit score is to qualify for a mortgage, higher is always better. As the market changes, so do minimum requirements for lenders. It also depends on the type of loan you are applying for. FHA loans, for example, have a minimum requirement of 580, while conventional loans backed by Freddie Mac or Fannie Mae require a score of at least 620.

Fix mistakes on your credit report

Take a good look at your credit report. If there are any mistakes or inaccuracies on it, you’ll need time to fix them. As many as 25% of consumers have errors on their reports – don’t be part of that statistic. If you do find a mistake file a claim on a credit bureau website. Keep copies of the documents you file. You should expect a response in one to two months.

Pay on time

Late payments not only affect interest rates on credit cards, they can also lower your credit score. If you’re planning to buy a house, make sure you keep current on all your bills.

Pay down balances

One of the best ways to improve your credit score is to keep your balance below 50% of your available credit. If possible, make more than the minimum payments on your debts over the coming months and work to pay down your balance. A history of only paying the minimum payment each month does not inspire confidence in lenders, so pay more than the minimum, even if it’s just a small amount.

Don’t close paid off accounts

While experts disagree on this tactic, it’s probably a good idea to keep that paid off credit card open, at least until you secure your mortgage. Closing the account will affect the ratio of your existing balance and available credit. Just don’t be tempted to suddenly use all that available credit to make a big purchase.

Don’t open a new line of credit

If you’re planning to buy a Loft, now is not the time to incur other debt. Do not take out a car loan or open any new credit cards. It’s also smart to wait on any big purchases on existing cards, like a vacation. Sudden big changes to your credit history can be potential red flags to lenders, so avoid them if at all possible.

Give yourself plenty of time

Before you even begin to look for a Loft in earnest, take time to get your financial life in order first. It can take time to remove inaccuracies from your report and repair a low credit score. When it finally comes time to buy a Loft, you’ll be glad you did.

 




Summer Loft Selling Tips

17 Jun 2016 · by Virtual Results PubSub

Summer Home-Selling Tips

If you’re thinking about selling your Loft, now is a great time! It’s estimated that 50 percent of Lofts are sold in the summer, making this the best season to get your Loft on the market. Here’s what you need to know to make the most of your summer listing.

Make all the needed repairs

If your Loft needs some obvious repairs, be sure to tackle them before you list. There’s no need to slow up the closing process by haggling with potential buyers over the cost of repairs. And since summer will give you the best weather in which to work, there’s really no reason to put those fixes off.

Cool it off

Once the dog days of summer hit, don’t forget to keep it cool inside. Have the air conditioning serviced and turn it on before any potential buyers visit. You should consider keeping the thermostat a little lower than usual, since people will be opening and closing doors and windows. Set out pitchers of ice water or lemonade and keep the fridge stocked with other cold drinks. Offer some light snacks that will encourage buyers to linger a little longer.

Keep it light

When you’re showing your Loft, you want to have as much light inside as possible. Remove heavy drapes from windows and open all the blinds. Tie back lighter curtains and turn on inside lights. Make sure the windows are clean, especially when there’s a nice view on the outside. If you’re showing your Loft in the evening, be sure all the outdoors areas are well lit. You can easily add some inexpensive solar lights along the walk to the front door or some romantic string lights on your back deck.

Get the air moving

Nothing is worse than a stuffy Loft, and in the summer the air can get a little stagnant when the windows remain closed. If you have ceiling fans, be sure to give them a good cleaning and then turn them on to provide some cool circulation.

Bring the outdoors in

Just like taking your indoor areas out by adding furniture on balconies, bring the outside in with plants and flowers. Nothing beats a beautiful vase of colorful roses, which will also add a lovely light fragrance to the room.

If selling your Loft is in your future, why not give yourself the best possible chance by putting your Loft on the market during the hottest season of the year? There’s no time like the present!




Choose the Perfect Neighborhood

13 Jun 2016 · by Virtual Results PubSub

Choose the Perfect NeighborhoodIf you’re in the market for a new home, part of choosing the perfect Loft is finding the right neighborhood. How do you do that? Start by asking yourself the right questions.

What are you looking for?

Any Loft search should start with a list of needs and wants – and that goes for the neighborhood, too. Begin by establishing your priorities. Do you want to live close to amenities, like markets or gas stations? Do you want to have easy access to culture and nightlife? Is access to public transportation a necessity? Would you like to live in a community with other families who have small children, or maybe you’d like to be surrounded by other retirees? Be clear about what you need and what you’re willing to compromise on before you even begin your search.

How convenient is the neighborhood?

Once you’ve established your priorities and begin to look at potential homes, consider how convenient the neighborhood is for your life. Is the home close to your work, or will you have a long commute? If you need to run some quick errands, are there stores nearby? How far will your kids need to travel to get to school? Is the home located near family, or will visiting require a special trip?

How good are the local schools?

If you have school age children or are thinking about starting a family, obviously the quality of schools in the neighborhood is a major consideration. But schools don’t just affect those with kids. Lofts in neighborhoods with good schools tend to have more value and hold on to their value for longer periods of time.

What are the additional expenses associated with this neighborhood?

Don’t just focus on the cost of the Loft when you’re thinking about buying, you also need to consider any other expenses or fees that may be associated with that community.How much are the HOA’s? What are the property taxes on the loft going to be? Are there any future developments planned for this community that could conceivably raise taxes in your area?

How safe is the neighborhood?

Safety is a big priority for many homeowners, so it’s a good idea to check into crime rates for a potential neighborhood and see how they compare to the national average. Also consider the types of crimes most common in the area. If you have specific questions about a neighborhood, call the local police station for more information.

Are there any warning signs?

At first glance a neighborhood may seem like a great choice. But take a closer look. Are there a large number of lofts for sale? Are there any foreclosed properties in the area? Have many of the lofts turned into rentals? Are there any sounds that could become unpleasant, like traffic noise, loud music or airports? Do you notice any unusual smells that could affect your quality of life? Visit the property at different times of day. Is traffic a nightmare during rush hour? Is the street particularly dark at night?

Considering the type of neighborhood you’d like to live in is just as important as choosing your loft. Take time to prioritize your needs, and do the necessary work to investigate potential neighborhoods to find out as much about them as possible before putting in an offer.

 




How to Unlock Your Loft’s History

3 Jun 2016 · by Virtual Results PubSub

How to Unlock Your Home’s History

Have you ever wondered who may have lived in your Loft before you? Did you discover an interesting relic in the attic and would love to know where it came from? Are you thinking about buying an older Loft and want to know more about its history before you pull the trigger?

There are many reasons why you may want to research the history of a Loft. In case you are interested in unlocking your Loft’s past, here are some resources that will help you get started.

Look for clues in your Loft

The first place to start your search is in your Loft itself. Take a look at architectural details, layout and types of building materials used to give you clues as to what time period your Loft was built. You might also discover some areas that seem out of place, which may indicate they were added at a later date.  If you have the inclination, you might also try checking between walls and under the floors for items like newspapers or personal effects that may have been discarded and forgotten about at some point. It might even be fun to use a metal detector to unearth clues in your yard like old coins.

Talk to your neighbors

If you have any neighbors that have lived in the area for any length of time, they could have some valuable information about past owners. You may even find that there are details about your neighbor’s Loft that are similar to yours that could offer clues about its history. 

Research with the historical society

A great place to expand your search is with your local historical society. They can be a treasure trove of information such as permits and other property and building paperwork that may have been filed. You can find a list of historical societies by state here.

Visit the county courtLoft

In addition to the historical society, you can find documents related to your Loft’s history at the county courtLoft. A valuable document to have is your property abstract, which traces all the deeds and legal transactions for your Loft. If you weren’t given a copy when you bought your Loft, you can likely find it at the courtLoft.

Check genealogy records

There are some helpful online resources to trace genealogy that can also help you trace the history of your Loft. Family Search is an online database that lets you search by residence to discover who may have lived at your address in the past. Cyndi’s List is another great site, with a page devoted to Loft and building histories. With the genealogy information you can expand your knowledge about previous owners and other occupants, and learn more about what their lives may have been like when they lived in your Loft.

Have fun and be respectful

You may stumble upon information on people who are still living who may have once resided in your Loft, but remember that they have their own memories associated with those times, which may or may not be favorable. Approach living people with caution and know that in some cases it’s best to compile your information without actually contacting anyone personally.


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