Get Connected…To Your Community

As a Realtor, I love it when I get to work in my own community. Why? Well, let me tell you.

Whether as a listing agent or a buyer’s agent, when someone is interested in my neighborhood or community I get excited. The reason for this is familiarity. I know my neighborhood, the people in it, the local shop owners, restaurant and bar owners, etc. very well. I love sharing my knowledge with people considering a purchase there or with buyers who come to visit a listing.

We all know the importance of using the internet for real estate information. It provides us statistics, listing information, and local business info amongst other things. That said, there is nothing that can replace the real people who live and work in our communities.

Get out and do some researching through immersion. Take a walk in your areas of interest with your Realtor and let them share with you their local knowledge. I love touring with clients and sharing the local knowledge I have. Technology is amazing but nothing beats the real thing. The human connection.

Contact Gabriel for your free consultation to buy or sell a home in San Francisco or Oakland.

www.AtHomeSF.com

@TheDapperAgent

Hey, Homebuyers! Do you know your credit score?

 It’s that time of the year again. Yup, even in places like San Francisco, we can experience a peak in home sales during the Summer. If you’re one of those homebuyers looking right now, knowing your credit score not only builds confidence but also makes applying for your home loan that much easier. Once that pre-approval letter is in-hand there’s no stopping us!

Let’s take a close look at the chart below. Is it possible that 54% out of the prospective home buyers in this study really don’t know their credit score?!?! Seriously? You really shouldn’t be considering a home purchase without this information. With more difficult standards in the loan qualification process these days, this is really one of the very first things you’ll need to find out.

Finding out is pretty simply these days. There are services like CreditKarma.com and FreeCreditReport.com (a paid service). I find that FreeCreditReport.com is more accurate than others but that is just MY experience. I’ve found that Credit Karma leans to the high side pretty significantly. I’ve also found that when using the credit scoring systems on my credit card account that include them.

Look at the numbers on the bottom of this graph. Only 28% of people polled say that they’re keeping their credit card balances low. Please keep in mind that about 35% of your credit score is effected by this factor. I’ve heard that keeping it under 30% of the max limit is the criteria. I do half of that and keep mine under 15% almost all the time. I also pay off all debt in full each month.

One factor that I do like to see when getting close to applying for a home loan is the low number of people applying for or opening a new credit card. This also goes for things like auto loans and retail store cards. I would always advise a client to avoid doing this until close of escrow. Any changes like this during the loan process and before you close can be a sure way to lose the home of your dreams. Do not do this while you’re applying or already in the loan process, please!

A couple months ago, I blogged about 6 Myths of Credit Scores. Take a look at the following link to read that article too. It’s quite helpful.

Credit Card Myths

Contact Gabriel about buying or selling your Bay Area property at gabriel@climbsf.com or by phone at 415-562-6999.

www.AtHomeSF.com | @TheDapperAgent

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