Coldwell Banker Innovations, the #1 Independently Owned Coldwell Banker Franchise in Maryland and the leading residential brokerage team for the Maryland, Virginia, West Virginia and Pennsylvania regions. With offices in Frederick County and Washington County, we look forward to assisting you as you navigate the wide palette of stunning properties that make these areas such exceptional places to call home.

Sept. 21, 2017

Home Staging Tips for Fall

Less Is More: 

Fall Table Setting

Having too many fall decorations will take the focus off of your home and its best features. But, a few tasteful accents can create an inviting setting. Adding vases of fall foliage or bowls of seasonal fruit throughout will make your home feel fresh. 

Let the Light In

Adequate lighting is essential to highlight your home’s best features. Since the days are getting shorter during the fall season, let in as much natural light as possible. Open your blinds, and place plenty of lamps throughout your home for additional illumination.

Accentuate Comfort

To create a warm and cozy atmosphere as the weather cools down, accentuate your sofas and chairs with autumn-colored pillows and throws. This type of atmosphere will encourage potential homebuyers to slow down, giving them more time to admire your home.

Use Seasonal Scents 

Pleasing aromas of apples and cinnamon say fall. Before a showing, burn a cinnamon-scented candle or simmer a pot of apple cider with a stick of cinnamon on the stove to fill your home with the delightful scents of autumn.

Focus on the Fireplace

During the fall, a cozy fireplace is a fantastic feature to highlight. Make sure you arrange your furniture so that the fireplace is the focal point of the room. Decorate the mantel with tasteful artwork or accessories to draw attention.

Add a Touch of Elegance

Enhance your home’s comfort by adding a touch of elegance. Layer beds with luxurious, silky fabrics. Plenty of inexpensive bedding options that look high-end are available at discount stores. Display plush towels in the bathroom and drape a stylish table cloth over your dining room table.

Are you ready to sell your home? Call the dedicated agents of Coldwell Banker Innovations. We have offices in Hagerstown, MD, Frederick, MD and Greencastle, PA.

Posted in Home Selling Tips
Sept. 14, 2017

Tips for a Smooth and Easy Move

You’ve finally found the perfect home. Your loan has been approved and your settlement is getting close. Now it’s time for the move. The following are some tips that make the moving process as smooth and easy as possible.

Do any repairs and painting before moving in.

Go through your new home and decide what repairs and painting needs to be done. Before your movers start bringing in boxes and furniture, take the time to get those items done. It’s so much easier to do repairs and paint walls without having things in your way. You’ll be glad you did.

Hire a professional cleaner to do a thorough cleaning before moving in.

Before moving in, hire a professional cleaner to do a complete once-over of your home. There’s no better time for a thorough cleaning than when your home is empty. It’s an additional expense, but moving into a clean home is guaranteed to make the move easier and you happier.  

Hire a locksmith to change all the locks on the house.

As soon as possible after you settle on your home, hire a locksmith to change all of the locks on the house. Even though the seller is trustworthy, you never know who else may have keys. It’s better to be safe than sorry.

Take care of setting up your utilities.

With so much focus on your move, don’t forget to get in touch with all the new providers to switch the services over to your name. You can check with the former owners to determine what you need to set-up. 

Make a detailed inventory list of your belongings.

Moving can be stressful. When you get to your new home and have a detailed list of what is in each labeled box, you will be so grateful. Plus, as an added bonus, the list will come in handy if you ever have an accident such a fire or natural disaster. 

Find the best nearby takeout.

Now’s the best part. Once the boxes and furniture are in place and the movers are gone, it’s time to celebrate with some takeout and wine. Do your research ahead of time so you’re not scrambling to find a place before closing time.

Are you ready to find your perfect home? Call the dedicated agents of Coldwell Banker Innovations to help you find houses for sale. We have offices in Hagerstown, MD, Frederick, MD and Greencastle, PA.

Sept. 7, 2017

6 Things you should expect from a good agent

Buying or selling a house is one of the biggest decisions you will ever make, but have you ever considered what you should actually expect from your real estate agent?

The thought may seem daunting because it isn’t a relationship you deal with on a day to day basis, but I can tell you one thing for certain and that is: A good agent owes it to you! There is no reason to settle for sub-par when it comes to your dream home. At the end of the day, they will be working for YOU so make sure you take the time to ensure that you find the right agent who is willing to dedicate their time and energy into making the home buying process exactly what it should be for you: fun! 

If you’re sitting there scratching your head wondering exactly what you should be looking for in a great agent, then let me get you started with just a few things a great agent will do for you!

 

Fight for you - A great agent will be like a best friend; available no matter what. They must be willing to go far beyond the call of duty for you and fight in your corner to make sure you’re getting a great deal and the house of your dreams. Contracts and agreements can get complicated and messy sometimes, and you shouldn’t be the one worrying about it. You want an agent who knows your budget, knows your bottom line, and will get keep you happy with the least amount of work on your end! A great agent will work hard!

 

Market your home using the best tools – This is important. No longer are we in the days where you can run an ad simply by printing it in the paper. There are a plethora of ways to market a house. An agent should know which is best and how best to go about it. Take a look at their previous sales and see if you can find anything on how they sold the property. Research their statistics including how long their previous properties were on the market, photos, and what avenues they prefer to use to sell houses. 

 

Have a great reputation – Here at Coldwell Banker Innovations we have an incredible reputation with the local community and this is a reflection of our agents and their desire to work with you. Understanding the heritage of Coldwell Banker is something that is carried forward while representing the company. From real estate in Greencastle PA and Frederick Md, to commercial property in Hagerstown we know property and with a great skill set to match, including a wealth of experience. We pride ourselves on our drive to never stop learning, growing, and staying on top of the market trends. 

 

They will be punctual –  Imagine finding your dream home and then losing the sale because your agent didn’t contact the buyer in a timely manner. In a world where things are moving a million miles an hour, and contracts are coming back and forth, punctuality is key. If an agent isn’t punctual, problems can arise with contract agreements and even settlements. This may seem incredibly obvious, but it is also incredibly important! When interviewing agents, shoot them an email or call them (on a weekend) and see how long it takes them to respond. You may be surprised!

 

They will listen – Buying a home is a huge decision and everyone has a picture of what they want in their mind. From budgets to interior design, agents should listen and be available. We are here to solve problems and help you move forward. We need to know what YOU want and need, so unless you find an agent who carries the ability to be psychic, listening is of the upmost importance.

 

They’ll have negotiation skills – You do not want to find the perfect home just to lose it due to weak negotiations. Good negotiation skills are a must and a great agent must be incredibly tactful in how they conduct negotiations. You want an agent that will get the best deal for you while keeping all parties happy. Sometimes this is easier said than done, which further evidences why this is so important.

 

Looking for your dream home shouldn’t be hard work! It should be an exciting time in your life! With the right real estate agent, it will be just that. Hop down to Coldwell Banker Innovations today to meet with a few of our agents and decide which is best for you!

 

Take a look at our agents here.

Posted in Home Buying Tips
Sept. 6, 2017

5 Tips for Selling Your Home in Autumn

Fall Trees

1.  Spruce Up the Yard

Rake and clean up dead leaves in your lawn. Remove overgrown vegetation blocking windows and path to the entrance. Trim bushes and tree limbs to showcase the exterior of your home. Cut and remove summer vines and dead flowers. 

2.  Add Autumn Curb Appeal

Add autumn flowers like chrysanthemums (mums) and marigolds. Plant them in pots, place them on the steps and along sidewalks. Accent them with pumpkins and gourds.

3.  Check the HVAC

Change the furnace filter and have the HVAC checked before you need to turn on the heat. Since the buyer will probably ask a home inspector to look at the HVAC, it’s better to fix any problems before your home goes on the market.

4.  Accessorize with Autumn Accent Colors

Accessorize dull furniture with bright red, orange and yellow pillows. Place a quilt or autumn colored throw over a chair. After you declutter each room, bring some autumn hues to them with some bold colored accent pieces. Add an autumn centerpiece to the dining room table.

5.  Fill Your Home with Autumn Scents

Before a showing, burn a cinnamon-scented candle or simmer a pot of apple cider with a stick of cinnamon on the stove. Set out some freshly baked pumpkin cupcakes or fill a bowl with crisp red apples. 

Posted in Home Selling Tips
July 18, 2017

Best Investments For Home Improvement

 

Generally there are two ways to go about improving your home. Sure, you can invest in all those amenities you’ve always wanted—granite counter tops, marble bathroom floors and an in-wall surround sound speaker system. If, however, you plan on selling your home in the near future, we would suggest a more pragmatic approach.

 

Invest in some of the more “unglamorous” improvements that will increase the market value of your home; tasks like fixing that leaky roof, installing energy efficient appliances, or replacing that ancient furnace.  In this week’s article we’re going to address the best ways to increase your home’s market value, and give you some facts and figures you can use to make the best decisions that suit your needs and budget.  

 

“What A Beautiful Kitchen!”

 

Even a few basic improvements to your kitchen can pay handsome dividends. For most homebuyers, this one room is considered the heart of the home. A fresh coat of paint, new wallpaper, and even an upgraded hardwood floor can go a long way to bumping the asking price of your home up to the next level. Consider sanding, staining or painting tired cabinets, and don’t forget to replace old cabinet hardware! It’s amazing how such a small investment can make a dated kitchen look brand new.

 

 “Honey, Look At How Much Space There Is!”

 

Another good way of increasing the value of your home is to add more livable space.  This can be done by converting a basement to a “Man Cave”, an attic to a hobby room or an extra bedroom into an office. Some sellers claim to have recouped nearly all of their investment using this strategy to help sell their home quickly.

 

“The Bathrooms Are So Immaculate…”

 

Bathrooms are another common upgrade option for sellers seeking to sell their home quickly. With the right contractor, a well done bathroom remodel can be completed quickly and affordably.  If your home has only a limited number of bathrooms, adding an additional bathroom with all the trimmings — marble vanity top, molded sink, bathtub with shower and ceramic tile — can almost pay for itself.

 

“Imagine The Parties We Can Have!”

 

A deck is by far the most cost effective addition you can make, usually recouping 85% of its investment value. Many sellers find the idea of having an extra entertaining space outside of their home very appealing.

 

It’s important to remember, if you do invest in remodeling any area of your home, if you plan on selling, it’s best to list your home shortly after the project is completed. The longer you wait to sell your home the chance of recouping your investment begins to decrease.

 

Are you ready to list your home? Call the talented, dedicated, caring agents of Coldwell Banker Innovations! We are committed to helping you sell your home quickly, easily and at the right price. Call 301.745.1500 today!

July 12, 2017

Open Houses—Do They Work And Are They Worth It?

 Yes, this week we’re going there! The question that has plagued sellers and agents for decades will finally be addressed, right here, right now. There are so many differing opinions on this topic, polarizing nearly everyone who has taken time to ponder the question. Do Open Houses sell homes? Are they really worth the time and effort involved? Let’s open the proverbial Pandora’s Box and tackle this burning subject head on!

 Ok, So What’s The Deal? Do Open Houses Sell Properties?

Well, it depends on who you ask! Speak to a seller who received an offer from a buyer that attended an Open House and you’ll get a very positive answer. Question a homeowner who has opened their doors for several Sundays in a row and experienced no traffic and you’ll most likely get a totally different response.

 The real answer is, yes, Open Houses can be an amazing technique to sell your home…but the key word in this statement is can. There is no guarantee hosting multiple events will move your property, but there are things that can be done to increase your odds significantly!

 What Goes Into A Successful Open House?

Remember that mysterious voice in Field of Dreams that whispered cryptically to Kevin Costner “If you build it they will come”? That, Dear Readers, was just a movie!

 It takes a lot more than a few balloons and road signs to get buyers to attend your Open House. You need an agent that understands how to drive traffic to your property. Hosting these weekend events are just part of the equation to selling your home. It’s imperative to partner with an agent that is able to utilize all the tools in their arsenal including:

  • Marketing Your Home Online
  • Showcasing Your Property Via Social Media
  • Networking Your Listing With Buyer’s Agents

Ok, back to actual Open Houses.

 Talk at length with your agent about the potential of successfully selling your specific home via an Open House. It’s quite possible they may have a positive track record in this area. Many agents feel Open Houses are the perfect environment to show all the benefits of your home to buyers. After all, no one knows more about all the selling points of your property than you and the agent you selected—certainly they will know more of the intricacies than the buyer’s agent!

 No one can accurately predict how well an Open House will perform, but one thing is certain—you can only sell your home to one buyer! Some sellers may feel that if 100 couples show up to view the property the odds of selling their home have increased. Not so! It’s possible only two, even one, buyer shows up, falls in love with your home and you’re on the way to closing.

Any agent will tell you Open Houses are just another marketing tool utilized to sell your home but are no substitute for the diligent use of every other technique to source a buyer. What’s more important than an Open House, marketing, pricing and great location when it comes to selling your home? The answer to this question is very easy—partnering with the right agent!

 To learn more about how Coldwell Banker Innovations can help you sell your property feel free to contact us today! Call 301.745.1500 and we will be happy to pair you up with a dedicated sales agent to get the process started!

July 3, 2017

What Is A Reverse Mortgage?

 

Here at Coldwell Banker Innovations we receive a variety of questions regarding everything imaginable pertaining to selling and buying homes. Whether it’s a questions from someone attempting to sell their home on their own or first-time homebuyers seeking advice on saving for that crucial down payment—and everything in between! One of the most frequent questions to show up in our mailbox, however, involves the mysterious practice of reverse mortgages. In this week’s entry, we will explain the basics of a reverse mortgage in order to help you make a decision as to whether you think they are worth investigating further.

 

So What Exactly Is A Reverse Mortgage?

In broad terms, a reverse mortgage is just what it sounds like: rather than paying principal and interest to your mortgage lender each month, instead, they pay you in the form of a monthly disbursement, or, in some instances, one lump sum. We can hear the sound of your chin hitting your chest right now, followed by something like “Wow! That sounds like a great deal! Where do I sign up?”

 

Not so fast—there’s more things to consider before the money starts rolling in.

 

Who Is Eligible For A Reverse Mortgage?

Since the inception of this unique program in 1989, reverse mortgages were intended to help seniors over the age of 62 gain access to the equity in their home. If you’re reading this and you’ve just celebrated your 30th birthday, we’re sorry if we burst your bubble.

 

In addition to your age, lenders will also consider the value of your home, an accurate interest rate and, in some areas, if there is a lending limit in place. It’s important to know that you must own your home or have a very low balance that can be paid off at closing with the proceeds from the reverse mortgage funding.

Any eligible homeowner who is interested in a reverse mortgage must also understand they must continue to live in their house, making it their primary residence.

 

How Does This Reverse Mortgage Work?

If you have met all of the criteria, and decide to move forward with a reverse mortgage, you will receive payments from the lender, as mentioned before, usually on a monthly basis. The money you received will need to be repaid upon your death, the sale of your home or if you decide to move out of the property.

 

Upon your passing, your heirs must give up ownership of the home to the lender or purchase the title from the reverse mortgage company.

 

What Can I Use The Money From The Reverse Mortgage For?

Really, for pretty much anything! Senior Citizens can help supplement their income, pay for medical expenses or to pay off other debt. Keep in mind, property taxes, and, in most cases, home insurance, will still need to be paid. If you let any of those payments lapse you could be in default!

 

So, is a reverse mortgage the perfect solution for you? Only you can answer that question! We, however, can help if you decide to sell your home or purchase a new one! Give us a call at 301.745.1500 and keep those questions coming!

Posted in Home Buying Tips
June 26, 2017

Follow These Five Steps Before Selling Your Home

 

Psst…Hey, you, over there. Yes, you, the one speaking with their spouse about possibly listing your home. Hi. We didn’t mean to eavesdrop, but we couldn’t stand by letting you go down the rabbit hole of home selling all alone. There are tons to learn when it comes to selling a home, but we’ve got you covered. Our agents have sold their share of houses—wouldn’t it make sense to gather their all their advice, boil it down into easy to follow steps and present in one convenient location?  That’s just we’ve done, so before you break out in a cold sweat mulling over everything involved with selling a home, take a few minutes to review these five simple steps you absolutely need to consider before selling your home.

 

Get Yourself A Seasoned Real Estate Agent

Wait! Before you start telling us how it can’t be that difficult to sell a home on your own, and how you don’t want to share any of the proceeds from the sale with anyone other than your family members, ask yourself this question.  Do you want to sell your house quickly, easily and at the right price? Without the guidance of real estate professional, you may be able to achieve one of those three requirements, but only in the rarest instances all of them. Do you know how to properly price your home? How much time do have each day to properly market your house? And did we mention all the education you’ll need in order to ensure you’re accepting the best offer while avoiding all the land mines that could possibly rear their ugly heads prior to closing? Trust us on this one—even if you don’t choose one of CBI’s award winning agents to help you sell your home—find yourself a qualified REALTOR®.

 

Heed Your Agent’s Advice, Especially Concerning Pricing

Now that you’ve selected an agent, it’s time to pepper them with questions and actually pay close attention to their advice. Perhaps the biggest mistake sellers make is overvaluing the price of their property.  It’s a misconception that agents want to list your home as low as possible in order for it to sell quickly. Every real estate professional will tell you when they agree to help you sell your home they have a fiduciary commitment to look out for your best interests—always. They know what comparable homes have sold for in your neighborhood, as well as being equipped with a true understanding of your house’s actual worth. It’s common for sellers to have unrealistic expectations regarding the value of their home, and, sometimes, totally underestimating it’s worth. Your agent is there to guide you to a realistic pricing structure. You don’t have to agree with their recommendations, but it’s important to be open minded regarding their rationale. Remember, your agent works for you. Every Coldwell Banker Innovations team member is dedicated to ensuring you're satisfied through the entire sales process.

 

Get Your Home Ready For Eager Buyers

You’ve likely heard this several times before, and for good reason, The time to get your home prepared for viewings is before the listing actually goes public. The last thing you want is to put off decluttering the closets, changing those burned-out chandelier light bulbs and cleaning the carpets only to be surprised that three buyers just saw your home come on the market—and they want to see it today! Discuss with your agent the date you would like to see your listing appear online, in the paper or on social media. Make that your drop dead to have your home looking it’s best!

 

Invest In Selling Your Home, But Don’t Over-Invest

Definitely, create a “honey do” list and make sure it gets done! Spackle those drywall dings, fix that leaky faucet in the powder room and apply a fresh coat of paint.  Your agent will be able to advise what repairs should be made, investments you will easily be able to recoup in the sale. If you’re worried that your kitchen is outdated and may limit your audience, ask your REALTOR® if it makes financial sense to finally get it done. In some instances, certain remodeling work may be the right call. Remember, your agent can provide you with valuable guidance, ensuring you don’t spend money that you don’t really need to.

 

Like A Boy Scout, Always Be Prepared

It’s important to understand when you’re house is listed you must always be prepared to get out of Dodge! Create a plan in advance enabling you to easily and quickly vacate the home as soon as your agent tells you a showing is scheduled. The majority of the time visits will be scheduled well in advance, but ask anyone who has sold a house and they will tell you to expect the unexpected. Have a location where you take the pets, the kids and, if necessary, the laundry all at the drop of a hat! Yes, no one wants to live with the pressure of hearing the phone ring and wondering if it’s a buyer who wants to stop by in five minutes, but the last thing you want to do is deny a viewing—it could be the client that wants to make a full price offer!

 

Considering listing your home? Contact us! We’re ready to help!

Posted in Home Selling Tips
June 19, 2017

Tips For Pet Owners Selling A Home

 

Puppies, kittens, birds, even your daughter’s pet turtle: they’ve all become part of your family.  Who doesn’t love snuggling with a purring cat or scratching an eager dogs belly?  Well, surprisingly, the number isn’t as high as you might expect. According to recent statistics provided by the American Veterinary Medical Association, only 36.5% of households have a pet dog and 30.4% of households currently have a cat slinking around the house.

 

When selling your home you need to make certain that your property will appeal to pet owners as well as those not so fond of furry critters.  Below is a list of tips to help you prepare your home, casting a wider net when it comes to attracting interested buyers.

 

Relocate Temporarily With Your Pet

Yes, this may sound like an extreme decision, but if you can temporarily downsize to a location in which Fido is welcome, it will make your home show much better.  Perhaps you are fortunate enough to have family close by that has a home large enough to house your family and pets until your property goes under contract.  If this just simply isn’t practical, maybe you can find a friend who wouldn’t mind boarding the family pet until the home is sold.  Trust us, this may seem like a very drastic measure to take, but the goal is to sell your property quickly and a pet-free home has a better chance of being sold than a dwelling where even the friendliest animal currently resides.

 

Professionally Clean Your Carpets

Even the best-trained pets can have the occasional accident.  You may be very diligent about cleaning all of these messes, but a faint odor can certainly linger.  Additionally, your sense of smell is most likely accustomed to the scent of your dog or cat.  For visitors who are entering your home for the first time, whether you are aware of it or not, they will be able to tell you’re a pet owner based simply on how your carpets smell.

 

Move The Food Bowls

So you moved your pet in with a friend and even had a professional service come in and steam clean all carpets—but you’re not done yet! Make certain your dog’s food and water bowl or cat’s litter box (especially the litter box!) is placed somewhere out of site.  Hiding these items in a closet or pantry isn’t the best idea either, as potential homebuyers will likely open all doors on their tour.  Keep these items either at the pet’s new location or even in the trunk of your car; anywhere that is well out of sight.

 

Clean The Yard

So far so good? It’s important to pick up any droppings throughout your yard.  The last thing you could possibly want is an agent and buyer walking through your yard and stepping in your pet’s “business”. Well, it could be worse….they could unknowingly track the mess onto your newly cleaned carpets, defeating the purpose and forcing another call to the steam cleaning company.  Take the extra time to perform a thorough examination of your yard.

 

Yes, it can be a stress-inducing experience selling your home, especially if you are a pet owner.  A seasoned realtor will be able to help eliminate your anxiety by providing proper advice and guidance regarding selling your home as quickly as possible.  If you have any questions regarding selling your home, feel free to post them below or contact Coldwell Banker Innovations at 301.745.1500.

Posted in Home Selling Tips
June 15, 2017

How To Get Your Credit Score In Order Before Pre-Approval

 

 

We have seen it happen more times than we care to admit—a buyer finds their dream house and asks one of our talented CBI agents to represent them in the transaction. That’s great, as we specialize in helping both buyers and sellers, however, the plot thickens when a buyer’s credit history is bit murky.  Mortgage pre-approval is an important part of the home buying process, yet so many starry-eyed potential homeowners fail to realize their past credit history plays a crucial role in turning a dream into reality.  In this week’s article, we will provide some helpful guidance to help you get your credit report in shape before venturing into the home buying market.

The Credit Reporting Companies That Hold The Key To Your New Home

There are three major credit reporting bureaus that act as the gatekeepers between major lenders and your ability to get a decent interest rate: EquifaxExperian & TransUnion Each of these companies receives documentation periodically from a wide variety of creditors; everything from basic utility companies, student loan lenders and credit card organizations. Any business that requires you to send payments is fair game to be included in your credit report—even private landlords that collect rent.

Each of the above credit reporting companies will provide one free credit report every year to help you gauge your personal credit’s health. Many homebuyers will request one report from one company every four months. For those who are interested in more frequent information regarding their credit, additional reports can be purchased.

The Range Of Your Credit Score

Below is a sample list of credit scores as well as what one can typically expect to experience from mortgage lenders:

  • 751 And Higher: You can expect to get the most competitive, lowest interest rates available.
  • 750-711: Very good: You’ll still be eligible for competitive interest rates.
  • 710-651: You will be granted credit from most lenders but at a higher interest rate.
  • 650-581: In this range, the quantity of lenders is fewer with the interest rate becoming considerably higher
  • 580-300: You’ll likely have a very difficult time finding a lender, and if you do you can expect to pay extremely high-interest rates.

How Can I Improve My Credit Score?

If you’ve found yourself with a credit score of anywhere from 710 down to 300, there are several ways you can improve your situation:

  • First, you must make certain you’re paying all of your bills on time. Late payments, just like on time payments, are recorded by the credit reporting companies. Even a brief history of late payments can negatively affect your score, just as several months of diligent on time payments will bode well.
  • Pay down your credit card balances, keeping them low—but not necessarily paid off! You will want to select one or two credit cards and use them frequently for everyday purchases. Try to keep your credit card to debt ratio at around 30%. The best strategy is to use your card, then make multiple payments per month; this way you’re paying down your card, not carrying a balance, but still having some of your credit used at any given time. No one knows when creditors send their data to the credit reporting agencies; they love seeing that you’re using your credit line wisely, not just letting your account collect dust.
  • Go over your credit report thoroughly! It’s not uncommon to find reporting errors that are lowering your credit score. With documentation (proof) in hand, call the credit reporting companies and ask them to make the required corrections.
  • When reviewing your report, you may find that some older loans which you’ve paid off still appear on the list. That’s a good thing! Resist the urge to have the reporting companies take these off your report, as this information actually bodes well for your credit score; it shows you had loans (student loans, auto loans, etc.) that you paid off, proving you are a reliable borrower.
  • When applying for a mortgage loan, do your homework first! Every time you visit a lender and they run a credit report it will be documented by the credit bureaus. A sudden increase in credit checks will be noted and can result in lowering your score.

Our advice to potential new homebuyers? Make sure your credit is in decent shape before looking for your dream home. If you find room for improvement, take steps to increase your credit score before seeking mortgage pre-approval.  You may be pleasantly surprised by how little time it takes to really get your credit score in shape, resulting in a better interest rate which can save you a great deal of money over the life of your loan!

If you have any more questions regarding purchasing or selling a home, don’t hesitate to call us  301.745.1500, we’re here to help!

Posted in Home Buying Tips