Real Estate Market

Midtown Montgomery Market Trends

How to Raise Your Credit Score to Save Money

Want to buy a house but a low credit score has you down?  Don’t despair! There are ways to raise your credit score and save thousands on your mortgage.   A strong credit score can lead to better interest rates, additional loan programs to benefit homebuyers, and easy and quick approvals which will put you on the fast track to home ownership.  Here are some tips for raising your credit score:

  • Make sure your credit reports are accurate.  The first step toward improving your credit score is checking your credit reports.  You will find your credit scores on three different reports, one each from the 3 Major Credit Bureaus.  Keep in mind that credit reports can have mistakes…and they often do.  That’s why it’s important that you analyze them carefully.  Make sure that the information on the reports is accurate, because if there are mistakes, they will be reflected in your score.  It’s easy to check your credit reports and doesn’t have to cost anything since you are entitled to a free copy, once a year, of all three thanks to the Fair Credit Reporting Act.  Once you have copies of your credit reports go through them carefully and make sure of the following:
  • Is your personal information is accurate?
  • Are all your credit accounts are being reported?
  • Are there any late or missed payments that you remember making on time?
  • Are there any applications for credit that you don’t recognize?
  • Are there any accounts you don’t recognize?
  • Are there decades old items still on your report?

Highlight any discrepancies you find.  If you do find errors, you will have to dispute each one separately.  How to Dispute Errors on Your Credit Report

  • Figure out what you need to fix/change/improve.  Here are some examples of things that could be causing your score to be lower than it should:
  • Your identity may have been stolen and someone is screwing up your credit.
  • An old collection account could still be haunting you, way past its statute of limitations for your state.
  • Do you have an ex-spouse? Perhaps he or she has not paid a bill he or she was supposed to pay per your divorce settlement.  Unfortunately, you could be suffering the consequences.
  • If you have ever defaulted on a loan it might be showing up as several defaults on your credit report because it has been sold to other debt collectors.
  • It might be a simple name mix up…your credit information might be mixed up with that of someone with a similar name.
  • Devise a plan to improve your credit score.  You can open a free account on Credit.com where you can get tips to help you determine where your poor credit issues are and they can assist you in creating an action plan for improving your score.  To get started, try keeping your credit card balances as low as possible, and start paying down debt rather than moving it around.
  • If you have a habit of making late payments…stop.  It’s vital that you make payments on time. Set up alerts when payments are due so that you won’t forget.  If due dates don’t coincide with when you get paid, make some calls to get the dates moved around to better suit your schedule.  Don’t be afraid to ask a credit card issuer or lender to forgive a past due payment. You might be surprised to discover they will happily work with you if you have a history of making on-time payments.
  • Open a secured credit card.  This is a type of credit card that allows you to make a deposit into a checking account that “secures” the line of credit being extended to you.  You will be able to get a secured credit card even if you already have bad credit, and adding a new account with a positive payment history will help improve your credit score over time.

2018's Best Secured Credit Cards for Building Credit

Once you get your credit score where it needs to be, you will reap the benefits by qualifying for better rates and save money on your mortgage loan!

If you are in the market to sell or buy a home, let Sandra Nickel and her Hat Team of professionals assist you with all your real estate needs! Call them today at 334-834-1500!

Photo Credit: cfcw.com

A Handy Guide to Hosting Guests During the Holidays

It’s that time of year again.  A time for friends and family to come together to celebrate the holidays.  Many of you will be hosting guests in your homes over the next two months and while you are surely delighted to spend time with your loved ones, it can be a stressful time as well.  If you are opening your doors to family members or friends this holiday season, here are some ideas for prepping your home so that you’ll be ready to welcome them with open arms.

Tidy up the house.  Use this as motivation to thoroughly clean your house.  Get rid of clutter, make small house repairs and complete that decorating project you’ve been putting off.

Stock up on food and drinks. Make sure you have different types of beverages and snacks that your guests enjoy. It’s nice for them to be able to easily grab a quick snack whenever they want. Check with your guests to see if they have any food allergies or dietary needs so that you can provide safe and healthy choices for them.

Have activities planned for your guests. Depending on how long they are staying, you may want to plan some special events or activities for your guests.  Whether it’s a shopping excursion, a day at a museum, a holiday concert or just a nice dinner out, your visitors will appreciate your thoughtfulness in keeping them entertained. Click here for a list of fun events happening in the Montgomery area this holiday season: Holiday Events

Be mindful of the little ones. If your guests include children, be sure to plan for them as well.  If you don’t have children, you may want to pick up a game or some arts and crafts to have around for them.  Find out their food preferences prior to their arrival so that you are prepared to accommodate them at meals. 

Provide comfortable sleeping spaces. Be sure to have nice, clean sheets, pillows and extra blankets.  If you have a guest bedroom that has not been used in a while, strip the bed and wash the bed linens so that they are fresh for your guests. 15 Tips for Turning Your Guest Bedroom into a Retreat

Provide toiletries.  The guest bathroom should have soap/body wash, shampoo, conditioner and lotion available for guests. 

Give instructions for electronics. If the guest room has a television, leave written instructions for how to use the remote.

By following these tips and prepping your home ahead of time, you will be able to offer a warm welcome to your guests and enjoy the time you have with them!

If you are in the market to sell or buy a home, let Sandra Nickel and her Hat Team of professionals assist you with all your real estate needs! Call them today at 334-834-1500!

Photo Credit: frugalandthriving.com.au

Midtown Montgomery Market Update

VA Home Loans by the Numbers

  • The Veterans Administration (VA) Home Loan is a benefit that is available to more than 22 million veterans & 2 million active duty service members which helps them achieve their dreams of homeownership.
  • In 2017, $189 billion was loaned to veterans and their families through the program.
  • VA Purchase Loans are on the rise in 46 out of 50 states and Washington, DC.

 

From the KCM Crew for Buyers

Midtown Montgomery Market Update

Midtown Montgomery real estate sales statistics for October 2018 show the number of homes rose by 28.6% when compared to October 2017.  The average sales price increased by 6.2%, and the median sales price increased by 16.0%. Market times rose by 2 days.

Midtown Montgomery October 2018   October 2017
Homes Sold 45 35
Average Selling Price $158,009 $148,781
Median Selling Price $129,900 $112,000
Days On The Market 115 113
Highest Selling Price $467,000 $545,000
Lowest Selling Price $10,000 $12,900


For the latest Midtown Montgomery real estate market conditions in your area, please call me at 800-HAT-LADY or visit HomesForSaleInMontgomeryAlabama.com.

Information is provided by the Montgomery Area Association of Realtors and is deemed accurate but not guaranteed.

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