We love to share news and information about Denver homes and the Denver real estate market here on our blog page.  Staying on top of Denver housing and market trends, including Denver apartments and houses to rent Denver is what we are all about.  You’ll get the most current and up to date information from our blog about the Denver real estate market and the Denver homes for sale than anywhere else.  Tap into our world of real estate wealth information and pay it forward by passing it on to others whom you think may be interested.

Keeping tabs on your credit report and credit score is important, particularly if you’re planning on buying a Denver home.  Below are 5 tips for improving your credit.  While these are not fast fixes, making financial decisions on a regular basis will turn your credit rating around and allow you to participate in the Denver real estate market and beyond.

1.     Obtain a credit card.  Now this may seem odd as many people who have had credit issues in the past refuse to have a credit card.  Truth is, we are a credit driven society and we need to have a line of credit to be recognized as credit worthy in the eyes of creditors.  Lenders don’t like to lend money to home buyers if they don’t show a history of credit management.  So get a credit card and charge a few dollars on it and honor the re-payment terms on time.  Better yet, get 3 credit cards.  Why?  Because lenders want to see 3 trade lines of credit.  If need be, park your credit cards in a safe place at home and use them every 2-3 months.  If you don’t use them once they are issued, after a period of time the credit card issuer will close your account and that does not score big with your credit rating.

2.    Maintain a low balance.  While the credit issuer gives you a maximum level of credit, don’t ever use over 50% of the available credit and if possible try to restrict this to 10%.  By limiting how much credit you use from the available line of credit it will demonstrate to the credit rating agency that you know how to manage your money and your credit.  Also, charge up only small amounts  . . . things you might ordinarily pay cash for, so that you can pay it off in full on time.

3.    Check your credit report.  It’s important for you to at least annually check your credit rating and report any errors to the credit issuers and credit bureaus.  You can get free credit reports online but the best one to get is one that includes your FICO score.  The highest FICO (Fair Issac Corporation) score is typically 850 and the FICO score is what lenders are particularly interested in seeing along with your lines of credit and history.

4.    Don’t close accounts.  It’s important to leave all accounts open on your credit report, particularly major credit card companies, automobile loans, mortgages, student loans, etc.  Often people make the mistake of closing an account when it’s been paid off.  That can make for a negative impact on your credit rating, so leave them there.

5.    Ask questions.  If you are unsure as to how to manage your credit report and rating, ask a mortgage lender.  Even if you’re not in the market to buy a home or refinance, asking a mortgage lender these questions is best because their industry represents the highest level of risk associated with credit and if you follow their guidance you’ll succeed with a higher credit rating which means lower interest rates for you when you borrow money.  We are your Denver real estate advocate and want to help you succeed buying the Denver home of your dreams or selling your Denver home.  Call or email us as we are here to help you.

Will Staging Your Denver Home for Sale Increase the Value of Your Denver House?

Selling Denver homes is tricky if you want to rise above the competition.  We know you want the fastest sale in the shortest amount of time with the least amount of inconvenience to you and of course for the highest dollar.  So even in a fast paced market you have to prep your Denver house for the stage to capture every Buyer’s attention.  Giving Buyer’s that great first impression will last long in their minds and can even make them hustle to present you with an offer, possibly with a higher price creating a sense of urgency on their part.

Buyers are visual, so what they see is what they get.  Truly the majority of home buyers searching for a home for sale in Denver lack imagination as to what the home could be if it were dressed to their needs.  Think about how department stores show off their clothing lines with well dressed and adorned mannequins in the windows.  That’s exactly what selling your Denver home requires.

Of course staging costs money up front, but the economic rewards can be plentiful.  To control costs ask your Denver real estate advocate, or agent, to be honest with you about how to set the stage without a lot of cash out of pocket.  Then if warranted hire a professional home stager and get their opinion as to what to do with what you already have and perhaps ask them for a bid for them to professionally stage your home.  Proper staging will decrease the amount of time the Denver home is on the market and will usually give you a higher price for your Denver real estate property.

One tip about staging your home for sale is to begin with the outside.  Remember you’ll need to create that curb appeal effect that makes Buyers want to come inside.  Then once inside you’ll want your home staged so Buyers want to stay in your home as they analyze how they see themselves living in that home.

So the question of “to stage or not to stage” is really not a question.  It’s a matter of fact that it’s needed no matter how you do it or who does it.  We are your Denver real estate advocate and want to help you succeed selling your Denver home.  We are also great at helping you set the stage for the next Denver home you buy.  Call or email us as we are here to help you.

Chris Zadra with WJ Bradley Mortgage joins Cheryl Garlock, realtor at Colorado Front Range Properties and host of the Denver Radio Real Estate show as they talk about nuisances of getting a mortgage.

Sell Your Denver Home NOW – 3 Reasons Why!!!

Cheryl Garlock, CRS, ABR, SRES

January 2014

We all know the Denver real estate market is expected to heat up in 2014.  Experts across the country expect housing prices to increase particularly in large metropolitan areas.  Why?  Because there is huge pent up demand from home buyers since the employment market is on the rise and all indices report an increase in consumer confidence.

If you’re thinking of making a move yourself in 2014 and selling your Denver home what does all this mean to you?

1) Sell your Denver home now while the market inventory is limited.  Once competing homes come on the market you’ll find yourself being compared to the competition which can make you vulnerable to a reduced sales price.  A noted economist some 200 years ago, Adam Smith, wrote the law on supply and demand.  Remember the lower the supply, the greater the demand.  So you’ll want to position your Denver home for sale by taking advantage of a real estate market low in inventory and with a plentiful supply of home buyers.

2) Sell your Denver home with low interest rates to attract more buyers.  The best thing about interest rates hedging up is they tend to get people sitting on the fence to jump off.  Warren Buffet, the highly acknowledged business magnate and investor, once said “be fearful when others are greedy and greedy only when others are fearful”.  In the world of real estate, that means to buy now while the rates are low and the prices are within reach.

3) Sell your Denver home and get the dream home you’ve been craving.  Now is the time to get that move-up home or dream home at a price that fits with your wallet.  You don’t want to get caught having lost the best opportunity to sell your Denver house and buy a Denver home at the best possible price and the lowest interest rate available.  If you delay, you will likely get caught in the “ . . . woulda, shoulda, coulda, trap . . .” and that only costs your more money down the road.

If you’re thinking about selling your Denver home, then you’ll want to start looking at what other homes are available that suit your needs and desires.  Whether you get all the money you want out the home you presently have or not, should not deter you from making a move because it’s never going to get any better economically.  It’s better to look at the rising cost of money over time.  The Buyer Purchasing Chart below illustrates how property prices and interest rates function over time.  Most generally they both go up and that results in more cash out of your pocket.

Give us a call or drop us an email as we are your Denver real estate advocate and want to help you sell your Denver home and buy that next Denver home.  We’ll help you outline the options you have about staying where you’re at or making that next move.

 

Now is the time to sell

Image courtesy of Keeping Current Matters, January 2014.

Call me to find out how you can get your home showcased on the Springs Radio Real Estate show reaching over 5000 listeners each week.