Monthly Archives: May 2017

7 Tips for Finding Good Albuquerque Real Estate Agents

Are you looking for good Albuquerque real estate agents?
Your real estate agent can make or break your real estate transaction. More specifically, Albuquerque real estate agents can help you to avoid some common pitfalls.  It’s a fact that some real estate agents have a better track record than others.
For instance, not all real estate agents provide you with good customer support.  It may seem like a small thing.  But if you’ve ever dealt with Albuquerque real estate agents that fail to listen to you.  It can be really frustrating; particularly when they insist on selling you a home that’s outside of the agreed upon price range.
In addition, some agents fail to have a basic knowledge of the Albuquerque real estate market.  Good Albuquerque real estate agents will  know the general condition and trends of the Albuquerque real estate market and provide advice based on that knowledge.
Finally, some real estate agents are unethical.  If you find that your dealing with an unethical real estate agent, it’s better to cut this relationship off since it may bring you more trouble down the road.
A typical complaint is not being able to get in contact with your real estate agent.  Not only is this inconvenient and frustrating, but it might indicate that it’s time to move on because the agent does not one to work with you.
Here are seven tips to make sure that you are working with good Albuquerque real estate agents.

Tip 1: Interview the real estate agent.  You can ask questions like how long they’ve been selling houses, if they are a full time agent, if they live in the area and/or if they can provide you with references etc…The goal here is to gauge your level of trust and comfort.

Tip 2: Determine credentials and obtain recommendations.

Tip 3:  Determine their commissions and costs to ensure that you can afford to work with them.

Tip 4: Opt for Albuquerque real estate agents that are knowledgeable about mortgages and funding.

Tip 5: See whose real estate signs are displayed most frequently and how quickly these homes are selling.

Tip 6:  Attend an open house to see your agent in action.

Tip 7: Ensure that your Albuquerque real estate agents website is up-to-date and review recently sold properties
If you are looking for top quality Albuquerque real estate agents that won’t cause you nightmares, that will provide you with good support and the type advice that’s required for a smooth transaction, we’ve found the good ones.  Check out our real estate agent reviews here.

 

Understanding And Improving Your Credit Score

Right now mortgage interest rates are the lowest they have ever been, making home ownership much less expensive than renting an equivalent house. I just locked into a 3.75% 30 year fixed mortgage interest rate today.
One problem that many potential home buyers have is that they can’t qualify for a home loan because their credit score isn’t high enough, or they don’t have credit established.
The good news is that mortgage interest rates will probably remain low for at least another year. The other good news is that credit scores can be improved, you just have to know what to do.
At our office meeting today we were visited by Credit Aid of Cache Valley. They specialize in helping people improve their credit scores so they can qualify for things like home loans, car loans, or even satellite TV. They have an online presence where they can utilize their services to help people improve their credit scores, as well as a physical storefront right here in Logan.Some of the things they do include:

Help people dispute credit issues

Help people establish credit, they work with credit unions and such that have very affordable ways to get credit established
To improve your credit, the first thing you need to do is understand how your Credit Score is calculated.35% of your credit score is Payment History. Companies offering financing want to make sure you have a history of making your payments. If companies don’t report payments you made, or don’t report them properly your credit score could be adversely affected.
Missed payments will stay on your credit score for 7 to 10 years.30% – Debt to Limit Ratios – Financial companies don’t want you to have a high level of debt, or more debt than you can handle. Don’t have a credit card maxed out. Raise your limits, or even better pay down your debt so that no more than 30% of your cards limit is used. 10% or less is best. If you raise your limit, don’t use it. Have some discipline. This same principle applies with home equity lines of credit and other revolving credit lines.
With credit cards you can call and ask to have interest rates lowered and credit limits changed.
Empty credit cards that are never used also aren’t good. Try to use each credit card or line of credit once a quarter. This shows the credit bureaus that you know how manage your money.15% Age of Credit lines. The older the better. This shows the credit bureaus that you have been responsible over the years. Don’t cancel an old credit card.10% – Types of Credit. Credit bureaus like to see a little bit of everything. They want to see revolving debt, instalment debt, mortgage debt, unsecured loans, as well as secured loans for a really high credit score. Paying for everything with cash isn’t necessarily good when you’re trying to get I high credit rating.
Car loans and Home loans actually pull a different score. Car loans will pull and ‘Advantage Score’ whereas home loans will pull the ‘True Fico Score’10% – Credit Inquiries – The credit bureaus don’t like to see that people are seeking credit regularly. These queries only count when you you personally apply for credit. If shopping, and comparing loans do them all at the same time, that way they will only act as one inquiry rather than multiple queries. Credit inquiries last for 2 years on your credit report.

Sometimes the difference between being able to qualify for a mortgage or not is simply a little bit of knowledge. Here are some valuable tips for improving your credit score.