Kim Daneault
KELLER WILLIAMS REALTY / Metropolitan | 603-345-7783 | kim-d@kw.com


Posted by Kim Daneault on 2/18/2018

A home showing represents a learning opportunity for a homebuyer. If you know how to plan ahead for a home showing, you can optimize the value of this opportunity.

Ultimately, preparing for a home showing can be simple – here are three tips to help you get ready for any home showing, at any time.

1. Evaluate a Home Listing Closely

A home listing enables you to learn about a house's age and condition. It also may include pictures that highlight a home's rooms and features. Thus, if you assess a home listing closely, you'll be better equipped than ever before to determine whether a house may be right for you.

As you examine a home listing, it generally is a good idea to think about additional questions that you may have about a house. If you craft a list of questions prior to a home showing, you'll be ready to get the answers that you need to make an informed decision about a residence.

2. Make a Home Showing Checklist

A home showing allows you to examine a residence both inside and out. As such, it may be beneficial to create a home showing checklist that ensures you remember to analyze all aspects of a house.

Be sure to include assessments of an attic, basement and other house areas in your checklist. In addition, it may be helpful to consider checking out a home's proximity to parks, schools and other landmarks. Because the more information that you obtain during a home showing, the more likely it becomes that you can make the best-possible choice regarding a residence.

3. Consult with a Real Estate Agent

If you plan to attend a home showing, hiring a real estate agent is essential. A real estate agent can help you prep for a home showing and ensure you can review all aspects of a residence in no time at all.

Prior to a home showing, a real estate agent will meet with you and learn about your homebuying goals. Next, this housing market professional will offer expert recommendations to guarantee that you are fully prepared to attend a home showing.

Let's not forget about the comprehensive support that a real estate agent can provide throughout the homebuying journey, either. A real estate agent will keep you up to date about new houses that become available in your area and help you set up home showings. And if you want to submit an offer on a residence, a real estate agent will help you put together a competitive homebuying proposal.

For those who want to explore the housing market, attending home showings is crucial. If you're able to make the most of a home showing, you can boost your chances of enjoying a seamless homebuying experience.

Thanks to the aforementioned tips, any homebuyer can get ready for a home showing. Take advantage of these tips, and you can approach a home showing with the confidence that you need to succeed.




Tags: Buying a home   showing  
Categories: Uncategorized  


Posted by Kim Daneault on 2/11/2018

One of the most important factors that many home buyers face is that of their credit score. You have the right to get one free credit report per year. There are also many different apps and websites that keep you updated on your credit score and any changes in your credit report. These programs even guide you in how to improve your score. 


Why Do We Have Credit Scores? 


A credit score is a number that shows how creditworthy a person is. Lenders look at this score in order to assess how risky a person may be to lend to. This lessens the potential risks that the lender may face, keeping people who may be at high risk for defaulting from securing a loan in the first place. 


What’s A Good Score?


Credit scores range from 300 to 850, with 850 being the highest score that you can get. A credit score of 700 or above is considered good. A credit score above 800 is seen as excellent. The bottom line is that the better your credit score is, the more reliable of a borrower you will be seen as by lenders. 


If your credit score is less than stellar, however, you need to get to work so that you will be able to get loans in the near future. Here’s some steps that you can take to improve your credit:


Pay Off Outstanding Debt 


If you owe anything on medical collection accounts, credit cards, legal judgements; basically any debt that will show up on your credit report, you need to pay these off. Getting rid of debt can help you to increase your credit score more quickly. 


Rebuild Your Credit


You’ll need to keep up any accounts that you have with good payment history and maintain the good work. You should be diligent to maintain those on-time payments for an increased good payment history. Even if you have accounts that have had late payments previously, you can still work to get the accounts back in good order. 


If you don’t happen to have any existing credit accounts, you’ll need to get one in order to begin establishing credit. A good way to do this is to apply for a credit card and only charge what you can afford each month in order to help establish a credit history.     

Look At Your Whole Financial Picture


Aside from your credit score, you’ll need to take a look at your bigger financial picture. Everything from the amount of savings that you have available to how much of a home you’ll be able to afford is important. You need sufficient income so that you’ll be able to buy a home and provide a down payment along with money to pay closing costs. 


Once you start investigating your credit score and how to improve it, you’ll be on your way to better financial health.





Posted by Kim Daneault on 2/4/2018

After you have dotted your i’s and crossed your t’s to purchase a new home, you may have a million things running through your head. You probably want to buy new furniture and throw a house warming party, but there’s a few more pertinent things that you need to address just as you turn the key to enter your new home. The first thing that you should do when you move into a new house is create a checklist using the information in this blog post. 


Inspect Your Stuff


Moving can cause some damage to your furniture and boxed up things. You’ll want to take a look at everything that’s been moved into the house and make sure that it’s completely in tact. If anything is damaged, you’ll need to file a complaint with your moving company or replace any items that were broken by the move if you were responsible.


Turn On Your Utilities


There’s a process in getting your utilities up and running. You’ll need to either have them turned on completely or just transfer their operations from the old owners to your name. 


Unpack


It’s important to unpack all of the essential things that you’ll need at your new home. These items include sheets, pillows, blankets, kitchen items and coffee makers.


Organize


Moving into a home is a clean slate for you and your organizational skills. This is the time for you to get organized and put everything in a proper place. No one wants to move into a new home and immediately have a giant mess to clean up! Take your time and put everything in the right place. If you need to purchase shelving or other organizational tools, do so at this time to help you get off on the right foot.  


Inspect The House


It’s important to check out your house from top to bottom one more time shortly after moving in. If there are any problems that weren’t there during the home inspection or any major issues that weren't revealed, you’ll need to address them at this time.


Check For Pests


If there are any pests like mice or bugs in your home as you first move in, you’ll need to take care of this ASAP. You don’t want to have an infestation on your hands just as you move into your new home. You can either take on the problem yourself or call an exterminator for professional help.  


Secure The Home


From door locks to window safety, you’ll want to check all around to ensure that your new home is safe and secure for you and your family. There’s nothing more important the the health and safety of those you love, so you want to be sure that they are indeed protected from accidents and crime.           


Enjoy Your New Life!


Moving into a new home is very exciting. You’ll want to take the time to enjoy your new neighborhood and new surroundings. This also means taking care of your own well-being and your financial well-being as well. Make a budget so that all of your monthly payments are made promptly. Now that you have “taken care of business,” you can enjoy life!     





Posted by Kim Daneault on 1/28/2018

These days keeping track of your money can be a hassle. Between all the different ways you can spend your money it’s easy to lose track of your spending. Luckily there are some great apps for money management. Below are a few favorites— all rated with 3.5 stars and up. LearnVest: LearnVest is a money management platform, but it’s also much more. You can link up your various accounts to keep track of your spending, savings and goals (that you set). But the best part about this app are the articles you receive via email from them. The articles that they send are full of helpful information related to early retirement, saving for your wedding, how to pay down debt, rebuilding bad credit, smart saving, and so much more. Every article is worth the read. This app is available on iOS. Mint: Mint is a well-known money management platform. You can hook up your bank accounts, credit cards, 401k and loans and set up budgets. The app utilizes graphs to show you how you spend your money and provides you with bill reminders. It will even give you your net worth. The only downfall to the app is that it has a difficult time connecting to small banks’ online banking systems. This app is available on iOS and Google Play. Daily Budget: This is a do-it-yourself app. If you are one that is weary about putting your personal banking information onto your phone then this is the money management app for you. You plug in your income, reoccurring expenses and it gives you a daily budget. You can add in additional income and expenses as they occur. But, you will have to pay for the full version if you want to utilize all income and expense categories. This app is available on iOS. Comparable apps are available on Google Play. Prosper Daily: This app’s main emphasis is on protecting your accounts. You can link up your bank accounts and credit cards and approve or deny charges as they occur. But, it is also good for a high level review of your accounts. You are able to view your balances on your credit cards and checking account all in one place. Another pro of this app is that you are able to categorize your charges making it easy to keep track of what you are spending your money on. One of the great new features now available is the ability to view your credit score. And beyond that it provides insight into why your score is the way it is and how to improve it. This app is available on iOS and Google Play. These apps will aid you in getting in front of your spending and back in control of where your money is going. Be sure to take full advantage of the offerings that each app has, as it will only benefit you in the long run.





Posted by Kim Daneault on 1/21/2018

For most college students and recent grads, the prospect of buying a home seems slim and distant. With the cost of a college education growing each year and the price of houses inflating, it can seem daunting to begin to save for a down payment or build credit.

 However, there are ways to start planning now for buying a home, even if you are burdened with student debt and rising rent.

 In this article, we’re going to do just that. If you’re a recent grad or a current college student, read on for a guide to buying a home.

What do you need to buy a home

Once you graduate college you might be wishing you could have taken an elective called “How to Be an Adult 101.” There are many personal finance problems in life that just aren’t taught in school, from saving for retirement, to borrowing for a house or car, to investing in stocks and bonds.

So, what are the main things you’ll need to buy a home? Before you start applying for mortgages, you should know that just because you can get approved doesn’t mean you should buy a home.

Purchasing a home is a huge investment and one that most homeowners take decades to pay off. With high interest rates and private mortgage insurance (PMI), the cost of owning a home can be immense.

To avoid PMI and get a good interest rate, you’ll need a few things.

Credit score

Your credit score is one thing that lenders take into consideration when determining how risky it is to lend to you. They want to know that they’ll receive a return on their investment and that you won’t stop paying your mortgage. A good way to gauge this is by looking at your financial history.

Your credit score mainly takes into account the following five things:

  1. Payment history - 35%: Do you pay your bills (utilities, loans, etc.) on time each month?

  2. Credit usage - 30%: How much of your maximum credit have you used? If you max out your cards this can reflect poorly on your ability to manage money. However, if you don’t use any accounts you might have a hard time building a payment history.

  3. Length of credit history - 15%: The longer you’ve been paying bills the more trustworthy you are to lenders

  4. New credit - 10%: If you recently opened or attempted to open cards this will temporarily lower your credit score as it could be a sign of financial duress

  5. Types of credit - 10%: store accounts, credit cards, loans, etc. Having a variety of credit types will boost your score.

Having student loans as a college graduate can often give your credit score a leg up on others who don’t have a credit history. However, to boost your score you’ll want to keep making on-time payments and consider using a credit card if you can afford it.

Employment history

Most recent college grads cringe when they hear that their employment history is important to lenders. However, you might be pleased to know that being a full-time student is something lenders take into consideration.

They will, however, need to see employment history from your current employer, and the more you can prove that you have a stable job the better.

Down payment

One of the most important things you can do right now is to save for a down payment. Designate a portion of your paycheck each week to a separate savings account if you need to in order to hold yourself accountable. The bigger down payment you can make, the better your interest rate and the more money you’ll save over the length of your mortgage.

Finally, don’t let increases in your salary change your lifestyle. Staying frugal will help you avoid “lifestyle inflation” or spending more simply because you make more. Decide what you value, and choose purchases wisely.




Tags: home buying   College  
Categories: Uncategorized  




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