Category Archives: Real Estate

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.

10 Innovative Ways to Make More Storage Space in Your Home

Got a home that seems like its shrinking? It could be that your home is running out of adequate storage space for all your precious stuff. For many, having enough storage space can be a real challenge. But, by adding more storage space and making a few minor improvements, you can make your life less stressful and actually increase the value of your home. Fortunately for you, there are some really innovative home storage options available on the market that anyone can take advantage of.
Turn your presently cramped home or apartment into a spacious environment with these ten creative and amazing storage solutions.

Door Storage Racks – There is a lot of space behind doors, in bedrooms, the bathroom, and even in the kitchen of your home. Use clever door storage racks that either use hooks to hang over the top of the door, or bolt to the surface of the door.

Door racks can turn a kitchen door into a make-shift pantry for holding spices. Bedroom and guest room racks can hold extra shoes, clothing and accessories.

 

Over Cupboard Baskets – In most kitchens and bathrooms, there is space to be found on the tops of wall cabinets. This is the perfect place to store items out of sight in baskets of all sizes. Try using your kitchen cabinet tops for holding pots and pans, extra canisters, baskets of cooking supplies, and wine bottles. Your bathroom cabinets can hold extra cleaning and bathing supplies, and towels safely out of sight.

Under Bed Containers – Every home has a large amount of available space under beds. Use bed risers to increase this space, and then add under bed storage containers to hold all matter of extra items, like shoes and out of season clothing and coats. Kids can pack away their toys, art supplies, and more.

Space Saving Clothing Bags – One of the most genius inventions to arrive on the market, that really helps to increase the storage ability of your home, is the space bag. Toss in your out of season clothes, extra bedding, curtains, pillows, and stuffed animals, then use your vacuum to remove air. Pack these flat bags under beds until you are ready to use these items again.

Closet Clutter Busters – Closets can easily turn into a real mess if you don’t take steps to keep them organized. To add more storage space, add a clever closet extender bar underneath your regular clothes bar, and use this to hang pants and skirts. Add shoe racks to the back of closet doors or in the bottom of your closets.

Wall Shelving – There are many innovative options in wall shelving units, from small single shelves to large leaning shelves. Add a few to your home, and watch it open up each room as items like books, music, art and office supplies find their rightful place. Use wall shelves in the bathrooms and kitchen too, for convenient storage.

Double-duty Furniture – Your home can become more organized when you replace worn out furnishings with those that offer more than one function. Try storage ottomans instead of coffee tables. Or use a storage bench near your entrance or in a bedroom to stow away extra blankets, shoes, mittens, and hats.  Tables can reveal hidden storage nooks for holding dinnerware and linens.

Mobile Storage Carts – There never seems to be enough counter space in most kitchens. This can be solved by adding a rolling storage cart that doubles as an extra counter top when needed. Hold your extra cookware and towels inside, or use as a place to keep cookbooks and other kitchen supplies.

Banquet Storage Drawers – In the dining room, replace chairs with a storage bench on each side of your table, or add a banquet area with a shelf to display table lamps, photos, and extra dinnerware and glasses.

Stow it Under Seats – In the family room of your home, get some extra storage by stowing away books, magazines, crafting materials, and remotes underneath chairs or the sofa using under bed boxes or trays. The good part is that they are always nearby when you need them.

Jewelry Mirror Magic – In your dressing room, instead of a plain wall mirror, why not add a wall-mounted jewelry box cleverly disguised as a full length wall mirror? This keeps your favorite jewelry neat and hung nicely so you can find what you need in a jiffy.

5 Reasons to Invest in Western Properties Australian Real Estate

Looking to invest in an investment property? Here are the top five reasons why investing in the Perth property market is a smart decision.

1. Capital Growth is a good reason for somebody to consider any investment. Property historically has always performed well since records have been kept to measure growth. Although property goes through cycles and there are booms and busts, property should be purchased with the view of long term investment – over 5 years, then records show that you should benefit through capital growth.
Location is a major contributor to Capital Growth. Properties that are close to public transport, schools, hospitals, shops and employment opportunities tend to have a greater capital growth once these attributes have been established. If your property purchase is based on investment only, and your intention is to rent out the property, you should ensure the area has all these commodities.

2. Rental Yield is a term used to measure the yield that a landlord can expect to receive in rent, expressed as a percentage of the purchase price of the property. Because the demand for rental properties is high in Western Australia especially in the metro area, rent prices have increased dramatically over the past couple of years, and should continue to do so until enough rental properties can be built to accommodate the demand.
The good news for investors is that even though the State Government and Private Investors are working hard to create more rentals properties, the reality is that that there is not enough land available to satisfy the needs of investors and owner occupiers. Whilst this situation exists the lack of rental properties will not be satisfied.

3. Rental Vacancy Rate is the number of dwellings rented out compared with the number of available dwellings for rental on the market. SQM founder Louis Christopher said Australia’s capital city rental vacancy rate was 3.5 % in March. Rental markets in Perth are sitting at just 1.1 % vacancy rates. A three per cent vacancy rate is widely considered to represent a balanced market.
With the Rental Vacancy Rate being low, Western Australia is a sound place for an Investment Property, and this statement is backed by the large number of Eastern State Wealth Creation Companies starting to enter the Perth Market.

 

4. The Ongoing Resource Boom has increased the numbers in migration and immigration to the State, with people seeking opportunities to cash in on the boom. With an ongoing influx of people looking for accommodation the demand for rental properties is placed under more pressure.
Whilst this situation exists, and there is no sign that it is going to change, it puts Western Australia on the shopping list for investment properties.

5. Supply and demand is the most fundamental concept of economics and it is the backbone of a market economy. With the demand for housing in Western Australia high, and the supply for both rental and owner occupied properties low, investing in Western Australia make economic sense.
Before you decide to make any decisions in regards to investing, you should seek financial advice from your Accountant or Financial Planner to ensure that this is the correct strategy for you.