Coldwell Banker Murray Real Estate, Inc



Posted by Coldwell Banker Murray Real Estate, Inc on 10/3/2017

It’s true. Some friends are closer than relatives. Friends support you while you’re navigating through your life’s toughest challenges. They’re the people you invite to your birthday parties, graduations, baby showers, holiday celebrations and weddings. You’d be hard pressed to think of a lot of times when your best friends weren’t either present or among the first people that you called and told about the experiences. So, it’s not surprising that a friend has asked if they can move in with you. But, how should you respond?

Get real with yourself before you let a friend move into your house

State laws govern how long someone must live with you before they are considered to be a legal resident. One thing that can cause someone to be viewed as a legal resident at your house is whether or not the person receives personal mail at your address. Check with your local government before you tell a friend that it’s okay for her to move in with you.

Ask your friend about his sleeping habits. If your friend works from home, find out what his work hours are? For example, does your friend start working at five o’clock in the morning or does your friend stay in bed until noon?

If your friend played music loudly during your younger years, factor that into your decision. You may have changed and now turn your music down. But, that doesn’t mean that your friend listens to her music at a reasonable volume.

Think back to how your friend behaved around pets. This is a must if you have pets. Your friend moving into your house may not work if your friend is afraid of the type of pet that you have. For example, some people are afraid of dogs. Other people are afraid of cats, perceiving cats to be too mysterious.

Deciding to let a friend move into your house might not be a good idea

Discuss your friend moving into your house with your children. If a lot of time has passed since you last spent an extended period of time with your friend in person, hang out with your friend around children. Observe how your friend responds to children, especially when children are upset or impatient.

It goes without saying that you need to discuss your friend moving into your home with your spouse before you give your friend the green light. Let your spouse express her views about the move free of pressure. Don’t try to sell your spouse on the move. After all, your spouse could raise important issues about your friend moving into your home that you hadn’t thought about.

If a friend moves in with you, it could change your entire relationship with that friend. You’ll learn about each other’s habits, including your cleanliness, sleeping and work habits. You’ll also gain insight into each other’s hidden, personal struggles.In a way, it’s similar to getting married. Think about the pros and cons associated with living with someone before you give your friend a set of keys to your house. It could save your friendship.




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Posted by Coldwell Banker Murray Real Estate, Inc on 9/26/2017

Everyone knows that their credit score will affect the mortgage they qualify for and the interest rate they receive. The details of how exactly those numbers are arrived at, however, are a bit hazy for the average prospective homeowner.

This confusion is due to a number of reasons. Chief among them is the fact that your average person isn’t well-versed in credit terminology or the variables that go into determining their credit scores.

In this article, I’m going to break down credit scores and credit bureaus, then discuss how each of them affects the mortgage rate you could receive. Then, we’ll talk about some ways you can boost your score to qualify for a better rate.

Anatomy of a credit score

Credit scores are determined by five main variables. In order of importance, they are:

  • 35%: your payment history on loans, bills, credit cards, etc.

  • 30%: your total debt amount for all of your accounts

  • 15%: length of your credit history (how long you’ve had open accounts for loans, credit cards, etc.)

  • 10%: types of credit you have used (auto loan, student loan, credit card… diversity of loans matters)

  • 10%: recent credit inquiries (such as taking out new loans or opening new credit cards)

To have a “good” (over 700) or “excellent” (over 750) credit score, you’ll need to focus on each of these factors. For most people, paying their bills on time over a long enough timeline is enough to get them into the excellent range.

But things happen in life. People forget to pay an important bill, they have financial emergencies, or they have to take out a loan for an unforeseeable expense.

The credit bureaus

So, who are the people that determine your credit score?

There are three main credit bureaus: Experian, TransUnion, and Equifax. Lenders will look at reports from all three bureaus to determine your rate. Due to the Fair and Accurate Credit Transactions Act of 2003, consumers are able to receive a free copy of their credit report from each bureau once per year.

Since then, companies like Credit Karma have made credit reports even more accessible. Users are able to check in on their credit as often as they want free of charge.

Since much of your credit score is out of your hands, at least in the short-term, what can you do to help boost your score over the next few months to increase your chances of getting a good interest rate on your loan? Two things.

Credit and mortgages

So, just how much of an impact does your credit score have on your mortgage rate? Having an excellent score can give you a full percentage point lower on your monthly interest rate.

One percent doesn’t seem like much, but over the period of a 30-year loan that can amount to tens of thousands of dollars that you could have saved if you had a better credit score. As you can imagine, having an extra $2,000 per year can be quite helpful to a new homeowner.

So, what can you do to boost your score?

Make corrections

Since you have access to free credit reports be sure to go through your detailed report a few months before you plan to apply for a mortgage. Report any harmful errors to help you increase your score.

Don’t apply for new credit

The period from now until you apply for a mortgage is an important one. If you make new credit inquiries (i.e., open up new credit cards, take out new loans, etc.), your score will temporarily decrease. Wait until after you sign on your mortgage to take out other loans.




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Posted by Coldwell Banker Murray Real Estate, Inc on 9/12/2017

A yard sale offers a valuable opportunity to get rid of items before you sell your house. As such, it is important to promote your yard sale effectively; otherwise, you may miss out on a chance to declutter and earn extra cash at the same time.

Ultimately, there are many quick, easy ways to stir up interest in your yard sale, such as:

1. Post flyers in your city or town

Old-fashioned flyers can help you promote your yard sale to large groups of people in your city or town. That way, you can create a buzz around your event and increase the likelihood of selling your stuff.

If you use flyers to promote your yard sale, be sure to include essential information like the location, date and time of your event. Also, using bright, vibrant paper and colorful markers may help your flyers stand out.

Ensure that all of your yard sale flyers are legible, accurate and easy to understand. This will help minimize the risk of miscommunication with potential event attendees.

Of course, it never hurts to ask business owners for permission to post flyers at local companies, either. The more flyers that you post, the more likely it becomes that your yard sale will be a resounding success.

2. Create an online posting

An online posting makes it simple for you to provide details about your yard sale to large groups of people.

Putting an online posting on Craigslist or local community websites may prove to be worthwhile. And in some instances, you may even be able to include photos of items that you plan to sell at your yard sale.

In addition, invite friends on Facebook and other social networks to attend your upcoming yard sale. By doing so, you can boost your chances of stirring up substantial interest in the days leading up to your event.

3. Select the right date and time

Oftentimes, Saturdays and Sundays are the best days to host a yard sale, and for good reason. Many people don't have to work on weekends, and as a result, may have free time to attend your yard sale.

After you know which day of the week that you want to host your yard sale, consider the date and time of your event closely.

Take a look at the holiday calendar, and you should have no trouble selecting a yard sale date that works well for most people in your area.

Think about the time of your yard sale too. And remember, if you host a yard sale that coincides with local community events, it may be difficult for some people to attend.

Lastly, if you need extra help stirring up interest in your yard sale, don't hesitate to reach out to your real estate agent. This housing market professional may be able to share details about your upcoming yard sale with clients and colleagues.

Generating buzz in a yard sale can be easy, and with the aforementioned tips, you can stir up plenty of interest in your event.




Categories: Uncategorized  


Posted by Coldwell Banker Murray Real Estate, Inc on 9/5/2017

Want to transform your ordinary bedroom into a fabulous living space that grabs homebuyers' attention instantly? Stage it before your next home showing. By doing so, you'll be able to accentuate the positives of your bedroom and increase your chances of selling your home. Staging a bedroom can be fast and simple – here are three tips you can use to stage your bedroom effectively: 1. Clean up and organize your bedroom. Your bedroom represents a sanctuary from the outside world, a room where you can rest, relax and get the Zzz's you need to remain productive and efficient day after day. Home sellers who hope to pass on these feelings to prospective homebuyers, meanwhile, will need to organize their respective bedrooms immediately. A messy bed and dirty floors certainly will give a bedroom a lived-in look and feel but will do more harm than good as you try to sell your residence. Instead, clean every inch of your bedroom and ensure the space looks immaculate. And if you encounter clutter, be sure to get rid of unnecessary blankets, clothing and other items or find storage units for these items that won't take up too much space. 2. Use neutral colors. When it comes to your bedroom's décor, neutral colors will serve you well. Adding a fresh coat of neutral-colored paint to your bedroom's walls may help make your bedroom appear larger and brighter. And ultimately, neutral colors could help your bedroom make a long-lasting impression on prospective homebuyers. Remember, when it comes to promoting your bedroom, you'll want to do whatever you can to leave a distinct impression on homebuyers. And with the use of neutral colors, you can give homebuyers the opportunity to envision what life could be like if your bedroom was a part of their new home. Incorporate neutral colors into your bedroom's décor, and you may find that many homebuyers will view your bedroom as a positive feature that helps differentiate your residence from others that are available. 3. Avoid the temptation to overfill. As a home seller, there may be a natural inclination to try to make your bedroom appealing to as many prospective homebuyers as possible. However, you'll want to do everything you can to avoid overfilling your bedroom in the hopes of generating significant interest in your residence. Ideally, your bedroom should be able to speak for itself, creating a wonderful first impression that makes it an attractive option for homebuyers. And if you can avoid the temptation to overfill, you'll be able to show homebuyers that your bedroom can serve as a superb oasis from the outside world. Staging your bedroom might seem difficult, but the aforementioned tips can help you keep things simple as you prepare to showcase your bedroom to prospective homebuyers. Plus, keep in mind that your bedroom is merely one room in your house, and other factors likely will influence homebuyers' decisions as well. With the right staging process, you'll be able to show homebuyers exactly what your bedroom is all about. As a result, you can use staging to your advantage and improve your chances of a quick sale.





Posted by Coldwell Banker Murray Real Estate, Inc on 8/29/2017

If you’re in the market to buy a home, you want to find the perfect place for you and your family. In a seller’s market, the competition can be fierce. As a buyer, you may be under the impression that you need to make the highest offer in order to secure the home of your dreams. The problem is, you may never know what price other people have offered for the same home.


Know Your Budget


First, you should know what kind of a budget you have to work with to buy a home. You probably have done an online search to see what’s out there and what price range the homes you like fall into. You’ll want to go beyond the online search and actually see some of your favorite houses in person because pictures can be deceiving. 


Next, you’ll want to do is speak with a lender. This can help you before you even hit the ground running on your home search. A lender can pre-qualify you then work you through the process of pre-approval. This will give you a definitive number to work with when searching for a home. With this number, you’ll know how much you can offer comfortably when you find that house you fall in love with.


Make A List Of Priorities


Finding the “perfect” house usually requires that you make a few compromises along the way. It’s very unlikely that you’ll find one house that gives you everything you want in one place without a bit of imagination. Jot down all of the things about a home that are the most important to you. These items could include:


  • The neighborhood
  • Big backyard
  • Open floor plan
  • Number of bedrooms
  • Hardwood floors
  • The size of the rooms
  • Style of the house
  • Granite countertops


Whatever is important to you should be on the list. Next, go through the list and see what can be compromised on. There are probably a few luxuries on the list that you could stand to give up in lieu of something else.  


The Offer


Once you find that home you know that you absolutely want to live in, you’re going to want to make an offer. Let your realtor know immediately that you’re interested in the home and they can get to work. Your realtor can help you to make an offer that’s reasonable based on the asking price and your budget. Your offer doesn’t have to be thousands of dollars over the asking price for you to win the bid. There are a couple of strategies that can help you to land the right home even if you’re not stretching your budget to the max.


Showing You’re Serious


Taking steps like being pre-approved and having all of your finances in order can help to give you the upper hand in the house hunt. Sellers don’t want to deal with a buyer who is ultimately going to have issues where the deal will fall through.


The Offer Letter


Writing a letter along with your offer is a great personal touch to help you land the home of your dreams. If a seller knows that the home they have lived in and loved will go to another owner who is going to appreciate and take the same great care of the home, they will be more likely to go with you as a buyer. First, tell the seller a bit about yourself and why you love the home so much. Compliment the landscaping. Tell the seller just how much your kids are going to appreciate living in the home. Don’t be afraid to get too personal when it comes to writing an offer letter to the sellers. They will appreciate honesty and a candid approach in the sometimes all too serious matter of buying a home.







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