The best way to find out how to repair your credit is to contact a mortgage lender. And, the first step in purchasing a home is getting a pre-approval/pre-qual letter from a reputable lender. Contact me through either my Trulia profile page or via my website: www.ScottpRealEstate.com and I can recommend a few good mortgage lenders.... more
Jessica what side of town are you looking to move to? I live in UC myself and my office is in Schertz 5 min away. I can meet and show you property's at anytime of the day to evening. Please feel free to contact me directly at 210.334.1821. I can email you listings that suit your needs price range and we can get to work for that Oct. move in.... more
We see many credit reports with low credit scores (anything less than 620), and often many scores in the 500's. This is BAD credit. If you are one of the folks affected by this terrible economy, you have a low credit score and you have a dream of buying a home, here's some simple advice for you.
It is unlikely you could be approved for mortgage financing with that credit score at this time.
Beware of any mortgage professionals promising you an approval with such a low score. Wait on buying a home. I recommend you take the time to resolve your credit issues.
First, settle any outstanding debt. If you owe money on collection accounts, charge-offs and/or judgments, make payment arrangements and get these accounts paid promptly.
Next, begin rebuilding your credit. If you have current accounts with good payment histories, or even some previous late-payment-blemishes, make sure you continue to pay those accounts on time. If you do not have any existing credit accounts then you'll need to establish several in order to create a viable credit history.
I have found that CONSUMER ACTION is an excellent resource for objective advice on all things credit related. You'll find free and sincere advice on everything from settling collection accounts to rebuilding credit to building credit from scratch on their website. http://consumer-action.org/
Beware of anyone offering to "repair" your credit! The Federal Trade Commission issued a stern warning last year that such offers are scams. Find more from the FTC HERE. http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre13.shtm
The best way to buy a home is to have a decent credit history combined with sufficient Income and Assets for a home purchase.
The best way to have a decent credit history is to settle negative outstanding obligations and pay all your bills on time for at least two years.
Although this information is available it is not really useful because many people list their homes above market value. To sell your home quickly you should look at the competition available and what has recently sold over the past 3-4 months. The same is necessary when you are making an offer. Once you find a home you like you and your Realtor need to carefully look over the comparables so you can make an educated offer.
Price your home correctly and you will always sell in a shorter period of time and for more money. When you price too high there are many people who will not even see your property in their searches. Selling your home is a numbers game in more ways than one. Those potential buyers who are not seeing your home are drastically reducing the chances of you selling your home as quickly as possible and for top dollar. When your home does come up on peoples search results an overpriced home will not compare well with the other homes that are priced closer to their true market value.
Although this information may sound obvious many people still overprice their homes. On average my listings sell for over 98% of their asking price. Because my listings are typically priced correctly they sell very close to our asking price and sometimes they sell for a little over because we attract multiple offers.
In an appreciating market it can make sense to overprice but that is not the market we are currently in and doing so will definitely cost you a lot of money and time.
Good luck to you.
REALTOR | Mortgage Broker
Keller Williams Realty | 360 Lending Group
This is true if you are doing an FHA or VA loan... Is this an investment property? If so you'll be fine? If this is a second or third home... You might want to consider FHA or VA financing. I work with several lenders who would be able to help. Please contact me or send me an email http://www.tmartsellshomes.com
when you go onto my web site you will also find a section that has nothing but San Antonio information...
Hope I was helpful? I look forward to helping you with any questions you may have about San Antonio and or Real Estate in San Antonio...
RE/MAX Alamo Realty
c 210-325-8560... more