gena

How to buy a home in Pueblo, Colorado with Team Gena Ryder

Mon, 20 Jan 2020 18:24:45 GMT

Getting Pre-approved : The first and most important thing to buying a home in Pueblo, Colorado would be to get pre-approved for a mortgage with a lender. This process will help your agent find a home that will fit the type of loan that you are getting. For example, not all homes in Pueblo, Colorado will qualify for FHA financing, and not all applicants will qualify for VA financing. With that being said, this will also give you a good idea on what your down payment will need to be, and your monthly mortgage payment.

Choose A Realtor: Next, choose an agent that is knowledgeable in the Pueblo, Colorado real estate market. It is important to find an agent who knows the market, because the market is ever-changing and new rules and regulations are being added monthly. Finding an agent that knows Pueblo, will set you up for the best home-buying experience possible.

Where To Buy: Choose areas of town that you would like to live in, and drive the neighborhoods to see what each looks like and if it would be a good fit for you. This is important because Pueblo housing drastically changes from block to block.

Schedule: Meet with your agent and give them a list of features and amenities that are important to you, and areas that you are interested in. This will help the agent in their search to find you your perfect home.

Your agent will set an appointment for homes that they think will work for you. This is a good time to get a feel for the real estate market and the process for purchasing a home. Be sure to ask your agent questions at this time. Also, during this part of the process, it will help you gain knowledge in the pricing of the market at the time you are looking. A good agent should be able to point out whether the home is over-priced for the market during your showing. Be careful not to look at too many homes on your first appointment. Most times, Buyers who look at too many homes get overwhelmed and have a hard time remembering details of each home. Looking at 6-8 houses is a good starting place for your first appointment. Be sure and take notes on each home – the things you like and dislike about each. Combining your experience and your agent’s expertise, you can be confident that you found the right home for you!

Make An Offer: Making an offer on your dream home is the next step. This part of the process can be overwhelming and stressful, but your agent is there to explain the contract and the process to you. They are also there to keep you informed on the status of the offer, and if there are more than one for the property.

Under Contract: Congratulations! You’re under contract. Tune in for our next blog: What to Expect After You Get Your Home Under Contract in Pueblo, Colorado.

5 Credit Hacks to Get You Pre-Approved for a Home in Pueblo, Colorado

Mon, 20 Jan 2020 18:16:53 GMT

Check your credit report and dispute any errors that you find with credit bureaus. The FTC (Federal Trade Commission) found 1 in 5 people have errors in their credit profile, so doing this small investigation may help you find some errors that you are unaware of. To get a copy of your credit report, you can go to websites like www.annualcreditreport.com , this site allows you to access your credit report from the 3 major credit bureaus. Finding an error on your credit report could be negatively affecting your credit score which could hinder your chances of being pre-approved for a home in Pueblo, Colorado .

Negotiate with any past due creditors to pay off the debt if they will remove the negative remarks from your report. This could be as simple as calling someone you owe money to and making a payment to them. In return, they may remove negative marks they have placed on your credit. Even if you are unable to negotiate, getting this negative mark off of your credit will positively affect your overall credit score .

Ask your creditors to up your limits. This will make your credit utilization calculation look better. The credit utilization calculation is found by dividing your balance by your credit limit for each card you have, and then for them all together. If you up your limits, it makes you look like a more responsible credit holder, thus making lenders more apt to lend you money.

Never charge your revolving credit accounts over 30% of your credit line. For example, if you have a credit card with a limit of $1,000 you would not want to charge more than $300 without paying it off before you charge any more to the card. This can be a super simple process of buying something for $300 and paying it off right away. For example, instead of paying for groceries with cash – put it on your credit card and pay it off immediately. This is helpful for people who are trying to build new credit, and gives a good payment history on an open account.

Become an authorized user on another account. Get added to a credit line that has been opened for a while with a high credit line and a low current balance. This may be help from a possible family member or a very close friend. This could be more challenging, but if you have a close friend or relative who is willing to help, and close to paying off a credit line they may be able to put you on the loan right before paying it off and then it will show on your credit report as well as a credit line paid back in good standing.

These things may sound simple and ineffective, but they all add up and can positively affect your credit so you can get closer to getting into the home of your dreams.Please feel free to reach out to us at www.teamgenaryder.com .