Have You Had Trouble Getting a Mortgage? Three Tips for Sprucing Up Your Credit Before Reapplying

Have You Had Trouble Getting a Mortgage? Three Tips for Sprucing Up Your Credit Before ReapplyingIf you’ve had some trouble getting approved for a mortgage recently, you’re not alone. Many individuals face mortgage challenges due to past blemishes on their credit reports or a personal financial crisis that resulted in bills not being paid on time.

In this post we’ll share three quick tips for sprucing up your personal credit before reapplying for a mortgage. With a bit of luck and hard work you can be on your way to purchasing that new dream home.

Pay Off Your Credit Cards And Lines Of Credit

The easiest way to improve your credit score and prove that you can afford your mortgage payments is to eliminate other forms of debt from your monthly budget. If you have outstanding credit card, student loan or other debts, get them paid off as quickly as possible.

You’ll also want to avoid taking on any new loans while you’re trying to get your mortgage approved as these are likely to show up on your credit report and can hurt your chances at approval.

Pull Your Credit Report And Look For Errors

If you haven’t seen your credit report recently, it might be worth investing in a copy so you can see exactly what your lender sees when they are evaluating you for a mortgage. You may discover that there are errors or inaccuracies that can be cleared off with a quick phone call, such as a past loan that was fully paid or a missed car payment that was reported in error. Every credit report error that you can fix will bring you one step closer to your mortgage approval, so spend a few minutes combing through your report.

Pay All Of Your Bills On Time

Did you know that every overdue bill can leave a negative mark on your credit report? With so many bills to juggle – credit cards, cell phones, utilities and more – it can be tough to keep them all organized and paid before the due date. However, if you’re working to secure a mortgage you must keep your bills paid to avoid being reported as a late or overdue payment.

If you’ve had some trouble getting approved for a mortgage in the past, take a few minutes to contact your local mortgage professional today to ask for their advice. You may find that they have additional tips and strategies that you can leverage to better your chances of being approved.

posted by Bill Desautels

P: (802) 655-9100 (800) 639-4520 x217 F: (802) 655-0400 E: condoguy@condoguy.com

The Condo Guy – Vermont condo real estate

The Condo Guy has been providing advice to buyers
and sellers of Vermont condos real estate
for nearly 30 years.

Real Estate sales and marketing in the Greater Burlington Vermont region has been my occupation and passion for more than 30 years. My focus has been on the sales and marketing of condominiums with a generous amount of single family home sales thrown into the mix. Each week I bring information of interest that not only focuses on the local home and condo real estate community but also provides context to the Burlington market in respect to larger market real estate trends. I enjoy feedback and the opportunity to meet my readers and experience their home. The Condo Guy is here for you when it comes time to buy or sell your condo or home.

Yard Staging: How to Stage Your Front and Back Yard to Appeal to Home Buyers

Yard Staging: How to Stage Your Front and Back Yard to Appeal to Home BuyersWhether you’re just listing your home for sale or you’ve already started entertaining potential buyers, focusing on your “curb appeal” can drastically increase your chances of a quick and successful sale.

In today’s blog post we’ll discuss how to stage your front and back yards in order to make them seem more inviting and welcoming to home buyers.

It All Starts with a Great Lawn

Whether you’re standing on the street looking at the front of your home or you’re on your patio looking out over your back yard, your lawn sets the tone and is one area that potential buyers are sure to focus on.

You’ll want to ensure that your lawn is very well-kept, with no weeds, dandelions or patches of clover breaking up the continuity of the grass. You’ll also want your lawn to be a healthy green, unless you’re in an area which has some seasonal turnover or your community has watering restrictions.

Use Gardens to Add a Splash of Color

Once the lawn looks incredible, it’s time to move on to your gardens and other landscape features. Gardens are the best way to add a vibrant splash of color to your yard and they can be used to accessorize the front or back of your home to break up the monotony.

Choose flowers or plants that are in season for your area to ensure that they are healthy while potential buyers are driving past and viewing the home. Also, keep in mind that most of the time, less is more; don’t overdo your gardening or you’ll have a small jungle on your hands.

Make Your Backyard Feel as Inviting as Possible

Your backyard will be a major selling feature for many different types of homebuyer – especially those with children. You’ll want to ensure that your backyard feels as inviting as possible. If you have a deck or patio, ensure that you have furniture and your BBQ tastefully arranged so the buyer can picture themselves hosting friends and family.

Staging your front and backyards is just one of the many tasks that you’ll need to take care of in order to prepare your home for a successful sale. For more information about how to prepare your home, contact your local real estate agent today and they’ll be able to share expertise that is specific to your local community.

posted by Bill Desautels

P: (802) 655-9100 (800) 639-4520 x217 F: (802) 655-0400 E: condoguy@condoguy.com

The Condo Guy – Vermont condo real estate

The Condo Guy has been providing advice to buyers
and sellers of Vermont condos real estate
for nearly 30 years.

Real Estate sales and marketing in the Greater Burlington Vermont region has been my occupation and passion for more than 30 years. My focus has been on the sales and marketing of condominiums with a generous amount of single family home sales thrown into the mix. Each week I bring information of interest that not only focuses on the local home and condo real estate community but also provides context to the Burlington market in respect to larger market real estate trends. I enjoy feedback and the opportunity to meet my readers and experience their home. The Condo Guy is here for you when it comes time to buy or sell your condo or home.

Save Money on Your Vermont Home Energy Costs This Winter in Just Three Easy Steps

Save Money on Your Home Energy Costs This Winter in Just Three Easy Steps It doesn’t matter if you heat your home with electricity, natural gas or some other energy source; prices continue to rise and that means increased heating costs for most of us.

In today’s blog post we’ll share three easy ways that you can save money on your home energy costs this winter.

Install and Use Programmable Thermostats

Now that Nest and other companies have brought Wi-Fi enabled, programmable thermostats on the market there’s very few excuses to avoid using them. At bare minimum you’ll want a digital thermostat that can be programmed to turn on and off at certain hours of the day.

For example, you can shut your heat off after leaving for work and have it turn back on again a half-hour or so before you get home. You can do the same at night when you’re fast asleep under warm blankets. If possible, try to get a thermostat for each room so that rooms can be heated individually as needed.

Switch Up Your Ceiling Fans

If you have ceiling fans you may not know that by reversing their direction you can keep your rooms feeling much warmer. In the winter you’ll want your fans spinning in a clockwise direction, which will push warm air downward into the room where you’ll be able to feel it. In the summer you’ll want to switch the fans back to counter-clockwise as this will help move warm air towards the ceiling.

Check Your Insulation, Furnace and Ducts Now

Finally, you’ll want to check that your home heating system is operating at peak efficiency. If you can access your attic, check to ensure that your insulation is tightly packed and that it’s still in good condition. Clean or replace the air filter on your furnace, and check your ducts for any leaks that need to be repaired. If it has been a few years, consider having a professional furnace and duct cleaning to get all of the dust and debris out of the ductwork.

As you can see, a little time spent on home maintenance can end up saving quite a bit in energy costs when the temperatures drop. When you’re ready to look at buying a newer, more energy-efficient home, contact your local real estate agent and book a consultation where you can share your needs and price range.

posted by Bill Desautels

P: (802) 655-9100 (800) 639-4520 x217 F: (802) 655-0400 E: condoguy@condoguy.com

The Condo Guy – Vermont condo real estate

The Condo Guy has been providing advice to buyers
and sellers of Vermont condos real estate
for nearly 30 years.

Real Estate sales and marketing in the Greater Burlington Vermont region has been my occupation and passion for more than 30 years. My focus has been on the sales and marketing of condominiums with a generous amount of single family home sales thrown into the mix. Each week I bring information of interest that not only focuses on the local home and condo real estate community but also provides context to the Burlington market in respect to larger market real estate trends. I enjoy feedback and the opportunity to meet my readers and experience their home. The Condo Guy is here for you when it comes time to buy or sell your condo or home.

Moving to a New City? Tips for Finding a Family-friendly Community to Buy Your New Home In

Moving to a New City? Tips for Finding a Family-friendly Community to Buy Your New Home InIf you’re moving to a new city with children, one of your likely considerations is finding a family-friendly community where you can settle in and call home.

In this post we’ll share a handful of tips that you may find helpful if you’re searching for a family-friendly neighborhood in a new city.

Check Out The Quality Of Local Schools

Schools are one of the cornerstones of a community and high-quality schools are a sign that a community is suitable for your family. When you’ve made your short list of communities that you are considering, take some time to research the local elementary or high schools to see how they stack up against other schools in the surrounding area.

You may also want to connect with the school’s principal or dean to ask about the environment and whether or not it would be suitable for your children.

Look Around For Local Churches And Other Community Groups

Great communities are those which are filled with engaged citizens who are actively working to better the area for everyone. When you drive through a community that you’re considering, look around to see if there are churches and other groups that get local residents together on a regular basis.

You may find that these groups make for an excellent welcoming committee who can introduce you to the area and help to get your family settled.

Parks And Other Gathering Spaces Are A Good Sign

Another excellent way to determine if a community is suitable for raising a family is the number of nearby parks and public gathering spaces. You’ll want to ensure that your children have a nice area to run around and play with your family pet, or that you have a nice park in which to have the occasional picnic lunch to spend some quality time together.

When In Doubt: Ask The Locals

If you’re visiting a community or touring through homes, spend some time talking to the locals to hear their thoughts and opinions on how family-friendly the local area is. If you haven’t yet, you should also connect with a local real estate agent who can share the ups and downs of the community you’re thinking about moving to.

Follow these tips and trust your instincts, and you’ll be able to find a great new community that makes a perfect home for your family.

posted by Bill Desautels

P: (802) 655-9100 (800) 639-4520 x217 F: (802) 655-0400 E: condoguy@condoguy.com

The Condo Guy – Vermont condo real estate

The Condo Guy has been providing advice to buyers
and sellers of Vermont condos real estate
for nearly 30 years.

Real Estate sales and marketing in the Greater Burlington Vermont region has been my occupation and passion for more than 30 years. My focus has been on the sales and marketing of condominiums with a generous amount of single family home sales thrown into the mix. Each week I bring information of interest that not only focuses on the local home and condo real estate community but also provides context to the Burlington market in respect to larger market real estate trends. I enjoy feedback and the opportunity to meet my readers and experience their home. The Condo Guy is here for you when it comes time to buy or sell your condo or home.

Buying a Vermont Vacation Home? A Quick Guide to Renting Out Your Second Home to Generate Income

Buying a Vacation Home? A Quick Guide to Renting Out Your Second Home to Generate IncomeAre you thinking about buying a second home to spend some time in when you’re on vacation? Whether you’re picking up a small house near the beach or you’re looking at a ski-in/ski-out condo at your favorite ski resort, if you’re only going to be in the home for short periods each year you may want to consider renting the property out the rest of the time to generate some additional income.

In this post we’ll share a few tips for getting your property ready to rent to short-term visitors and how to get things started.

Preparing Your Home For Use As A Rental

Before you list your vacation property up for rent you’ll need to get it ready for your first tenants. Spend some time walking through the home to determine what’s missing and what might need to be upgraded.

Do you have a few spare sets of sheets and towels? Are all of the kitchen appliances in top condition? If you’re going to be supplying soap, shampoo and other toiletries, are you fully stocked?

Remember – your goal should be to impress each and every client to ensure they leave a positive review and come back again in the future.

Hiring Housekeeping And Property Management Services

Since you likely don’t live in the area around your vacation home, you’ll want to contract out the cleaning and management to local vendors who specialize in managing vacation properties. It should be relatively easy to find these companies with a quick web search, but be sure to ask for recent references so that you can rest easy knowing your home is in good hands.

Listing Your Rental On Popular Websites

Once your home is prepared and you have your team lined up, it’s time to list your property on websites such as VRBO, HomeAway and AirBnB. Browse through other local listings to see how your competition markets themselves and to get an idea of how much you should be charging on a nightly or weekly basis. Also, remember you’ll need to set up a PayPal account or figure out another way for your clients to pay for their stay.

Don’t forget that your local real estate agent will have some additional strategies on how to turn a second home into one that generates a positive return on your investment. Contact a real estate agent today to discuss investment properties and they’ll be happy to help.

posted by Bill Desautels

P: (802) 655-9100 (800) 639-4520 x217 F: (802) 655-0400 E: condoguy@condoguy.com

The Condo Guy – Vermont condo real estate

The Condo Guy has been providing advice to buyers
and sellers of Vermont condos real estate
for nearly 30 years.

Real Estate sales and marketing in the Greater Burlington Vermont region has been my occupation and passion for more than 30 years. My focus has been on the sales and marketing of condominiums with a generous amount of single family home sales thrown into the mix. Each week I bring information of interest that not only focuses on the local home and condo real estate community but also provides context to the Burlington market in respect to larger market real estate trends. I enjoy feedback and the opportunity to meet my readers and experience their home. The Condo Guy is here for you when it comes time to buy or sell your condo or home.

Buying a Home? 4 Steps You Can Take to Ensure You Start out with a Low Monthly Mortgage Payment

Buying a Home? 4 Steps You Can Take to Ensure You Start out with a Low Monthly Mortgage PaymentAre you thinking about buying a new house or condo? If so, you’ve likely given some thought to your mortgage and as to how you can pay as little as possible in order to own your new home.

Below we’ll share four easy steps that you can take to ensure you start out with an affordable monthly mortgage payment.

Make A Large Down Payment On Your Home

The easiest way to reduce your monthly payment is to invest as much as possible in your down payment. The less you have to borrow, the less you’ll be required to pay back.

If you can put a sizeable amount down on your home you’ll find that your monthly payments are going to be very manageable. You’ll also save a lot of money in interest.

Maintain A High Credit Score

When a lender assesses your financial history they’ll take an in-depth look at your credit score in order to determine how much risk you present to them. If you’ve kept a clean credit rating and have a high score, it’s likely that you will qualify for a lower interest rate than someone with a lower credit score – even if you both have the same monthly income.

Buy A Smaller, More Efficient Home

When you’ve made your short list of homes and you’re scheduling your viewings, ask yourself – do you need a home this big, or this expensive? If you can do with a smaller, more efficient home you can reduce the amount of mortgage financing that you require and this will in turn reduce the amount that you need to pay each month.

Consider A Longer Mortgage Term

Finally, if you need to reduce your monthly payment at any cost you can stretch out your mortgage repayment period by a few years. Note that while this can reduce your payment amount it will actually increase the total amount that you end up paying back as you’ll pay more in interest.

While the above are general tips for reducing your mortgage payment, it’s likely that there are other strategies that are unique to your financial situation. Contact your local mortgage professional at your convenience and they’ll be able to share insights that are relevant to your income, your credit and the price range you’re looking to buy into.

posted by Bill Desautels

P: (802) 655-9100 (800) 639-4520 x217 F: (802) 655-0400 E: condoguy@condoguy.com

The Condo Guy – Vermont condo real estate

The Condo Guy has been providing advice to buyers
and sellers of Vermont condos real estate
for nearly 30 years.

Real Estate sales and marketing in the Greater Burlington Vermont region has been my occupation and passion for more than 30 years. My focus has been on the sales and marketing of condominiums with a generous amount of single family home sales thrown into the mix. Each week I bring information of interest that not only focuses on the local home and condo real estate community but also provides context to the Burlington market in respect to larger market real estate trends. I enjoy feedback and the opportunity to meet my readers and experience their home. The Condo Guy is here for you when it comes time to buy or sell your condo or home.

Are Open Houses Still Important in Selling a Home? Three Reasons You May Want to Save Your Time

Are Open Houses Still Important in Selling a Home? Three Reasons You May Want to Save Your TimeWhether you’re in the early stages of the home selling process or your home has been on the market for some time, you may be considering hosting an open houses or two in order to welcome potential buyers in to see your property.

Let’s take a look at three reasons you may want to pass on the idea of open houses in order to invest your time in other areas which may lead to a faster sale.

Most Buyers Start Their House Hunt Online

According to statistics from the National Association of REALTORS®, the majority of home buyers begin their house hunt by browsing through online real estate listings.

If you have had professional photos taken and have a well-designed property listing which highlights the features and amenities in your home, you may find that the time and money you would spend hosting open houses is better spent marketing your listing and conducting private viewings.

There’s Too Many Listings To Tour Them All

Depending on where you live, there is anywhere from a few hundred to tens of thousands of homes on the market at any given time.

The sheer number of houses and condos available makes the prospect of visiting so many open houses seem daunting to many buyers, so many tend to skip this step in favor of booking viewings for homes they’re interested in.

A Virtual Open House Allows Buyers To Tour 24/7

Many real estate websites offer the attach dozens of photos and videos to your listing, essentially offering you the ability to host a virtual “open house” online where prospective buyers can get a feel for your property before deciding if they would like to see more.

If you can provide a buyer with the ability to tour through your home from their mobile phone, there’s little sense in going through the preparation and expense of hosting open houses. Even if you do, you may find that few people decide to show up.

It’s important to note that the best source of advice when selling your home is a professional real estate agent who has experience with homes sales in your area. Contact your local real estate agency before you start the home selling process and they’ll be able to suggest the best approach for marketing your home to interested local buyers.

posted by Bill Desautels

P: (802) 655-9100 (800) 639-4520 x217 F: (802) 655-0400 E: condoguy@condoguy.com

The Condo Guy – Vermont condo real estate

The Condo Guy has been providing advice to buyers
and sellers of Vermont condos real estate
for nearly 30 years.

Real Estate sales and marketing in the Greater Burlington Vermont region has been my occupation and passion for more than 30 years. My focus has been on the sales and marketing of condominiums with a generous amount of single family home sales thrown into the mix. Each week I bring information of interest that not only focuses on the local home and condo real estate community but also provides context to the Burlington market in respect to larger market real estate trends. I enjoy feedback and the opportunity to meet my readers and experience their home. The Condo Guy is here for you when it comes time to buy or sell your condo or home.

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