flipping-Houses

Number of distressed sales drops to new low


creditscore

6 Good Credit Habits for Buyers and Renters

Your credit score has a critical impact on your housing options, and healthy credit is essential to buying a home or renting one. “An important step to finding a home, whether you’re renting or buying, is ensuring that you have a good credit history,” says Frank Keating, president and CEO of the American Bankers Association (ABA). “A strong credit score can open doors to better homes and lower mortgage rates.”

To build a good credit history, the ABA recommends adopting these habits.

1. Request a copy of your credit report–and make sure it is correct. Your credit report illustrates your credit performance, and it needs to be accurate so that you can apply for other loans, such as a mortgage. Everyone is entitled to receive a free copy of his or her credit report annually from each of the three credit reporting agencies, but you must go through the Federal Trade Commission’s website at www.AnnualCreditReport.com or call . Note that you may have to pay for the numerical score itself.

2. Set up automatic bill pay. Payment history makes up 32 percent of your VantageScore credit score and 35 percent of your FICO credit score. The more you pay your bills on time, the better your score. Avoid missed payments by setting as many of your bills to automatic pay as possible.

3. Keep balances low on credit cards and ‘revolving credit.’ Racking up big balances can hurt your scores, regardless of whether you pay your bills in full each month. You often can increase your scores by limiting your charges to 30 percent or less of a card’s limit.

4. Apply for and open new credit accounts only as needed. Keep this in mind the next time a retailer offers you 10 percent off if you open an account. If you need a new line of credit, don’t jump at the first appealing offer; compare rates and fees offered through mail solicitation, on the Internet or at your local bank.

5. Don’t close old paid off accounts. According to FICO, closing accounts can never help your score and can in fact damage it.

6. Talk to credit counselors if you’re in trouble. Using legitimate, non-profit credit counseling can help you manage your debt and won’t hurt your credit score. For more information on debt management, contact the National Foundation for Consumer Credit by visiting www.NFCC.org.

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Source:  ABA


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7 Ways to Wow Buyers with Outdoor Staging

As one of the busier times of year for real estate activity, summertime is ideal for sellers hoping to unload their homes for top dollar. If you’re listing a home on the market this summer, stand out from the pack with these outdoor staging tips.

1. Invite Buyers In

welcomeIt’s no secret curb appeal matters to buyers, but too often, minor details are overlooked when setting the stage out front. To roll out the welcome for buyers, replace your worn welcome mat with a summery alternative, and install large house numbers in a prominent location that can be viewed from the street.

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2. Shine Up Windows

Cleaning windows inside and out can be taxing, but it makes a noticeable difference. For the exterior sides of the windows, scrub off any accumulated film from tree pollen and polish until glistening. Buyers will be pleased to see not only a sparkling home outside, but a light-filled interior as well.

fabuloushomeblog.com

3. Showcase Small-Scale Color

In lieu of a costly exterior paint job, choose specific areas outside to add pops of color. Window boxes bursting with blooms are often well-received by buyers, as well as container plantings. If the exterior could use refreshing, consider re-painting the front door before recruiting a professional to do the entire home.

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4. Spotlight for Safety

Make sure the outdoor spaces around your home, including the front entrance, deck, patio, and walkways, are appropriately lit. Updated light fixtures are not only aesthetically pleasing, but are an added safety feature to the home.

5. Maintain the Landscape

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A well-kept home speaks volumes to buyers, and the exterior is no exception. Whether you hire a professional landscaper or DIY, trim the lawn and any hedges – the latter can be a trip hazard if left untouched.

6. Deck Out the Deck

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Whether your home features a deck, patio, porch or other outdoor living area, take time to power wash the surface to remove any debris. If your outdoor furniture is lacking, consider purchasing a fresh set, complete with all-weather cushions and pillows in vibrant colors.

7. Make the Pool Picture-Perfect

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Pools can be a make-or-break feature for buyers, so play it up as best you can. After having the pool cleaned by a professional, take care to skim the surface for any debris that accumulates between buyer visits. Be sure the pool cover, mechanized or otherwise, is free of damage and the filtering system is in proper working order.

Source:  RIS Media

 

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Kitchen Design Goes Global!

Every great kitchen starts with great design. Whether you favor contemporary or traditional styles, kitchen trends today draw inspiration from global sources. You can incorporate all different cultural influences from around the world while balancing the practical needs of your family. To add worldly flair to your kitchen, start by:

Getting Fancy with Flooring

Certain materials establish a regional look because they are widely available in that region. In India, where quarries make natural stones easily affordable, kitchens commonly feature floors of glossy marble or other stone. Ceramic tile is abundant in Spain, and a wide variety of styles are available to create the underpinning for any regionally-inspired kitchen design.

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Paving the Way with Walls

Kitchens around the world have signature design elements when it comes to walls. Wood paneling is a hallmark of English country kitchens, while modern Japanese kitchens, which are often limited in space, are made to look larger with walls of floor-to-ceiling windows. And arches and bright tile accents lend themselves to Mexican design.

whitewebb.com

Opening Up with Cabinetry

The material and color you choose for your cabinets will play a defining role in the overall appearance of your kitchen. Flat white or frosted glass doors can impart a very modern, European flair, while distressed woods in rustic hues create a Tuscan effect.

charlottegranitetops.com

Specific colors are tied to certain world cultures, regions and locations – walls in a soft mandarin paired with burgundy window treatments can build an Asian-inspired backdrop, and Aegean blue and sand backsplash tiles speak of a subtle Mediterranean influence.

thekitchn.com

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