LINDA AIKEN's Blog
If you plan to sell your home soon, you should learn about the local housing sector. By doing so, you can gain the insights you need to promote your residence to the right groups of buyers and optimize your home sale earnings.
Now, let's take a look at three tips to help you analyze the local housing market before you list your residence.
1. Check Out Available Houses in Your Area
For those who want to learn about the housing market, it helps to assess how your residence stacks up against other available residences. If you check out available residences in your city or town, you can gain real estate market insights to help you price your house appropriately.
If you find your home pales in comparison to other houses in your area, there is no need to worry. Remember, you can always upgrade your residence prior to adding it to the real estate market. And as a result, you can perform home repairs to ensure your house will impress buyers as soon as it becomes available.
2. Determine If the Housing Market Favors Buyers or Sellers
Differentiating a buyer's market from a seller's market is crucial. If you study the local housing market, you can determine if the real estate sector favors buyers or sellers and plan accordingly.
In a buyer's market, there may be many quality houses available that remain available for weeks or months after they are listed. Or, in a seller's market, buyers may be motivated to purchase houses as quickly as possible.
Regardless of whether you are operating in a buyer's or seller's market, it is paramount to make your home an appealing option to buyers. If you enhance your house's curb appeal, you could boost the likelihood that your home will stand out from other available residences. Plus, if your home boasts amazing curb appeal, buyers may fall in love with your residence right away.
3. Find Out What Makes Your Home Unique
Once you study the local housing sector, you can find out what makes your house unique. Then, you can craft a home listing to showcase your residence's distinct features to potential buyers.
Of course, if you need assistance as you try to promote your residence to buyers, you may want to hire a real estate agent. Because if you have a real estate agent at your side, you can get the help you need to navigate the home selling journey like a pro.
A real estate agent will teach you about the housing market in your city or town and ensure you can showcase your residence to the right groups of buyers. Best of all, a real estate agent is happy to respond to your home selling questions and help you make informed decisions as you navigate the property selling journey.
Want to learn about the local housing sector? Thanks to the aforementioned tips, you can perform an in-depth review of the housing market in your city or town and obtain the home selling insights you need to succeed.
When you want to buy a home, you know that good credit will be necessary. You may have heard some things about your credit score that just aren’t true. Read on to set the record straight on some of the most significant misconceptions about credit.
Checking Your Credit Only Gives You Knowledge
Checking your credit score or report will not lower your score. The only way checking a score is damaging to a credit score is in the form of credit inquiries. This is when a lender, employer, or other merchant checks your credit in order for you to either gain employment or open a new line of credit. You have the right to review your score without it being impacted.
You Shouldn’t Carry Balances
The best way to keep a high credit score is to use a credit card and pay the balance off in full each month. It’s a false belief that carrying a balance is an excellent way to increase your credit score. You need a low debt level to maintain a good credit score.
Your Age And Income Have Nothing To Do With Your Score
It’s natural that older people who have a longer credit history have a better shot a good credit score, but your age has nothing to do with your score. It all depends on when you established credit. Some people started their credit histories early because their parents opened accounts for them. Others needed to wait awhile before opening their first credit card account.
Your income also is not a factor in determining your credit score. It may be true that if you have a higher income, it’s easier to stay out of debt, but the amount of money you make has no direct impact on your score.
You Cannot Access Your Credit Score For Free
You have a legal right to obtain a free copy of your credit report once a year but, your credit score isn't included in this report. There are free services that are outside of your credit report that will give you your credit rating, but you need to search for them. It’s a good idea to check your credit report periodically, but you should also know your score especially if you're getting ready to make a big purchase such as buying a home.
Your Credit Matters More Than You Think
While you know your credit score matters when you head to get a home loan, you may not know just how many entities take your credit into account when you apply for them. Some things you may do where your credit score matters:
Apply for a job
Apply for a credit card
Rent an apartment
Sign up for phone and Internet services
Get other utilities in your home
Your credit history gives a picture to the world to let them know if you’re financially stressed. If you have gone through rough patches, there are always ways to bring your score up. If you had a judgment ruled against you in a lawsuit, for example, that would only appear on your credit report for a certain number of years. Lenders will often allow you to explain bumps in your credit report as well. Understanding credit is half the battle to a good score!
In many ways, the quality of your life is determined by the condition of your home. If it feels like your home is in disrepair, messy, or cluttered, you're not going to feel comfortable or satisfied with your living situation. While perfection is an unattainable standard, there are a lot of simple things you can do to keep your home in good condition and prevent problems.
Train Your dog. Although many people own dogs and consider them to be a cherished part of the family, not everyone takes the time to properly housebreak, exercise, and train their pets. Dogs are very eager to please, but they need clear guidelines to understand what you expect of them. Some dogs also tend to express frustration or restlessness in destructive ways if they're not given enough attention, exercise, or toys/treats to chew on. It's not uncommon for dogs to chew on furniture, shoes, or other valued possessions if their needs are not met. Ideally, people should research dog breeds before actually purchasing a household pet. That way you can know more about temperament, exercise requirements, and training potential before you bring a puppy into the family. In addition to helpful online videos on raising obedient dogs, pet supply stores periodically offer low-cost training classes for dogs and their owners. Effectively housebreaking your pet in the first few days and weeks of adopting them is a key aspect of a harmonious pet/owner relationship. Otherwise, your furniture, hardwood floors, and carpeting could be subject to irreparable damage!
Use Furniture Sliders: Hardwood floors can be a mixed blessing. On one hand, they're a high-quality, nice-looking material that enhances the look and feel of your home. On the other hand, it can be difficult to prevent scratching, scuffing, and even gouging of those beautiful surfaces. One solution, which is easy on both your floors and your pocketbook, is to put felt or plastic furniture sliders under the legs of your tables, chairs, and ottomans. Not only can you prevent or reduce hardwood floor scratching that inevitably happens when furniture is dragged across a floor, but it also makes it easier to rearrange furniture.
Maintain Your Rain Gutters: Properly working rain gutters serve the useful purpose of channeling water away from your roof, eaves, and foundation. By making sure your gutters are not clogged up with leaves, branches, and other debris, you can help protect your home from water damage. If the downspout of your rain gutter empties water too close to your house, you can often correct that by purchasing and attaching an inexpensive extension. Routing water away from your foundation can help prevent basement leaks, cracking, and crumbling. It can also be part of a multi-faceted approach to preventing basement mold.
Control Clutter: Household clutter not only degrades the appearance of your home (for both you and your guests), but it's a known source of psychological stress. Taking the first step to reduce clutter is usually the most difficult part of the process, but once it's a habit, maintaining a clutter-free home becomes infinitely easier!