Coldwell Banker Murray Real Estate, Inc



Posted by Coldwell Banker Murray Real Estate, Inc on 12/13/2016

You've been thinking about buying your first home and it is a very big decision. It is typically not a decision you make overnight instead you need to take the time prepare yourself. †Here are the basic steps that you should follow when it is time to buy a home.

  1. Ask are you ready? Home ownership is quite different than renting. It is a lot more expensive than renting. You will have added expenses and responsibility. There will be expenses like repairs, added utility costs, such as garbage and water, plus taxes and insurance related to your home. You will want to make sure to†have an emergency fund, before you purchase your first home.
  2. Shop for a loan. Your first step will be to get preapproved. Knowing how much you can afford will help you to look for homes within your price range.
  3. Figure out how much you can afford. Just because you are preapproved for a certain loan doesn't mean you can afford that in the real world. A good rule of thumb is to keep your mortgage along with your taxes and insurance between twenty five and thirty percent of your income. You don't want to be house poor.
  4. Use a real estate professional you can trust. †A good real estate professional will listen to your wants and needs carefully. It is important that you are also educated on the process of buying a home. A good real estate professional will help meet your needs while navigating you through the process and advocating for your best interests.





Posted by Coldwell Banker Murray Real Estate, Inc on 10/11/2016

Purchasing a home can be stressful, and the homebuying process might even cause your blood pressure to rise if you're not careful. Fortunately, there are many quick, easy ways to minimize stress and stay calm during the homebuying process, including: 1. Don't Be Afraid to Take a Step Back and Relax. The real estate market remains an ongoing battle between homebuyers. Plus, after you find a house you like, you may encounter problems with a home seller as you try to finalize a purchase agreement. But remember, as you move along the homebuyer journey, don't be afraid to take a step back and relax. Buying a home represents a life-changing event, one that should not be taken lightly. However, homebuyers who try to rush through the homebuying process may watch their stress levels rise quickly Ė the last thing any homebuyer wants to encounter. If you feel stressed at any point during the homebuying process, be sure to take a deep breath and focus on the big picture. By doing so, you'll be able to improve your chances of remaining cool under pressure and simplify your journey from homebuyer to homeowner. 2. Stay Organized. As a homebuyer, you may be required to make phone calls and emails as you move along the homebuying journey. And in some cases, problems could arise if you don't document your conversations properly. But a homebuyer who devotes the necessary time and resources to stay organized should have no trouble tracking phone calls and emails that are sent to a home inspector, lender or other professionals who may be involved in the homebuying process. Jotting down notes on phone calls usually is a great idea for homebuyers, as this allows you to keep track of your conversations. And if you send emails, you already have a surefire way to monitor any messages you send or receive, too. 3. Hire a Courteous, Diligent Real Estate Agent. Let's face it Ė it often is easy to become emotional during the homebuying process. On the other hand, if you have a courteous, diligent real estate agent at your side, you'll be better equipped to overcome any hurdles that you may encounter during this process. Your real estate agent will offer information about upcoming open houses and set up home showings, enabling you to check out many homes that fit your needs. Also, this professional ultimately will serve as a liaison between you and a home seller and can help you stay calm, cool and collected during negotiations. Furthermore, your real estate agent will keep you up to date as you progress through the homebuying journey. As a result, this professional is exceedingly important and can help streamline the process of buying a home. The homebuying process can become time-consuming and complicated, and as such, cause stress. Conversely, if you use the aforementioned tips, you should be able to simplify the process of finding a home that suits your perfectly and buy this residence without delay.




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Posted by Coldwell Banker Murray Real Estate, Inc on 10/4/2016

When you are looking to buy a home or refinance it is important that your credit is in tip-top shape. It is often a credit score that gets in the way of a home buyer and their dream home. Credit today means everything as far as your purchasing power. So if you want to be ready when opportunity knocks read on for some for smart ideas on how to keep your credit score going up.

1. Use your credit cards.

This may sound funny but it is important to have credit over having no credit. Paying in cash and over using credit cards isnít always a good move for your credit score. Cards that are seldom used are often shut down or closed by the credit card companies. Because 30 percent of your credit score is based on your debt-to-credit-limit ratio you will want to have a high your total available credit. Having one account closed increases that ratio of available credit to debt and thus lowers your credit score.

2. Pay off your credit cards.

It may seem to make sense to pay off the highest-interest card first and save the most money in the end. But your credit score will get a bigger boost from knocking off the lowest-balance card. Instead of spreading your monthly payments equally among credit cards, pay down the lowest-balance card first and pay minimum balances on the rest. As you pay off each card, apply the money you would have paid on it to the next-lowest-balance card.

3. Donít close cards once they are paid off.

The length of time youíve had credit determines fifteen percent of your score. By closing your oldest account, you can shorten the length of your credit history causing a big hit to your score.

4. Keep the balance low

Much of your credit score is determined by your debt-to-credit-limit ratio on individual accounts. Maxing out one card raises your debt-to-credit-limit ratio and your credit score. So be sure to keep balances as low as possible. Try to target no more than 30 percent of your credit limit.

5. Stay away from retail-card accounts.

These are a big no-no. Retail store cards often have lower limits and higher interest rates. So running up balances on low-limit store cards affects your credit score more negatively than does using one or two bank cards. So in the long run the fifteen percent you were going to save on the one purchase will probably cost you more in the end.  





Posted by Coldwell Banker Murray Real Estate, Inc on 9/27/2016

Getting ready to buy a new home? You'll want to hire a real estate agent to guide you along the homebuying journey, as this professional will possess the skills and know-how needed to ensure you can find your dream home quickly. There are many great reasons for homebuyers to work with a real estate agent, including: 1. You Can Check Out a Wide Range of Homes That Fit Your Needs. Whether you're looking for a three-bedroom, two-bathroom home in the city or a small residence on the outskirts of town, a real estate agent can arrange home showings to ensure you can check out a variety of houses that fit your needs. Remember, a real estate agent works for you and will do everything he or she can to help you find your ideal residence. This professional will conduct research into homes that meet your criteria and even work with a home seller's real estate agent to make sure you can view a house at your convenience. 2. You Can Receive Expert Support During the Negotiation Stage. No homebuyer wants to enter the negotiation stage alone. Fortunately, a real estate agent will help you manage negotiations. Negotiations with a home seller can become contentious if you're not careful, but your real estate agent will go above and beyond the call of duty to help you get your dream house at the right price, regardless of the circumstances. 3. You Can Get Extra Help with a Home Inspection. Completing a home inspection is paramount before you finalize a purchase agreement with a home seller. And with a trusted real estate agent at your side, you should have no trouble finding a reliable home inspector who will be able to identify potential issues with a house before you buy it. Your real estate agent also can help you minimize stress if a home inspector encounters problems with a house. For example, your real estate agent will speak with a home seller to ensure any home repairs are completed before you finalize your purchase agreement. Thus, you'll be able to buy a home that you can enjoy for years to come thanks in part to the support provided by your real estate agent. 4. You Can Enjoy a Simple Closing Process. The closing process often represents the final step before you can move into your new home. Therefore, it is crucial to understand the paperwork that is included as part of this process and ensure you are comfortable with each form you sign. Your real estate agent, meanwhile, will be with you during the closing process and can explain the importance of each form. Furthermore, your real estate agent will be happy to respond to any concerns or queries and help you feel comfortable throughout the closing process. Ultimately, your real estate agent may play a key role in your ability to find the perfect house. As a result, be sure to spend some time interviewing prospective real estate agents in your area to find a real estate professional that you can collaborate with during each stage of the homebuying journey.





Posted by Coldwell Banker Murray Real Estate, Inc on 5/17/2016

If you are thinking about owning a piece of property to live in while wanting to have an extra section to help pay the bills, then you will find that there is an effective way to do it. Today, many people are considering the idea of buying a multi-family home, because this allows you to have your own space for you and your family while getting extra income from renting the other apartments. Keep in mind that as advantageous as this is, there are a few points that you have to consider. The first thing to keep in mind is becoming a landlord will require some extra work. When repairs are needed, or a tenant does not pay the rent it can cause some unwanted worries. This being said it can also be a great way to start off allowing you to live, in some cases, rent free while getting monthly income to help pay down your mortgage. Another point to remember is that when it comes to renting, is choosing the right tenants, you have to remember that you are in fact running a business, as you will be collecting an income from the home you are renting. Take the time to choose the right tenant, a credit check, otherwise you might find yourself in a situation where you will be losing money if your tenant does not pay up at the end of the month. If you are willing to put in the work, purchasing a multi-family home can be a great way to invest.




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