Bradenton Real Estate

January 19, 2013

5 Credit Myths to Ditch Now

credit myths

5 Credit Myths to Ditch Now

By Barbara Pronin

Everyone knows that having a good credit score marks you as a credit-worthy individual with increased buying power. But, said consumer finance consultant Jill Krasny, many people have critical misconceptions about what makes for a good credit score.

Krasny offers five common credit misconceptions:

  • Having too much available credit can hurt your score – False. There is nothing in the credit scoring formula that penalizes a consumer for having too much available credit. If anything, it may increase your credit worthiness in the eye of lenders, who operate on the theory that having a lot of credit available but low balances and on-time payments make you the best possible risk.
  • Income is part of your credit score – Wrong. Credit reporting agencies do not even include your income on your report. Lenders are interested only in whether your pay your bills on time.
  • Once married, a couple’s credit score is combined – Wrong again. All consumers, married or not, have individual credit files and scores. But it is important to manage your finances carefully, especially when it comes to shared debts.
  • Carrying balances on credit cards is better for your score – Not. The only thing a running balance will get you is interest charges. Paying off your bill on time each month shows credit activity as well as credit worthiness.
  • A credit repair agency can get negatives off your report – False. If late payments are listed accurately on your credit report, no agency can legally remove them, no matter what they promise. If the information is correct, the only thing you can do is make on-time payments going forward. If the information is not accurate, you should file a dispute with the credit reporting agency, asking them to correct the inaccurate information or remove the negative info that doesn’t belong to you – which credit agencies are obligated to do within 30 days under the Fair Credit Reporting Act.

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FOR MORE INFORMATION ABOUT BUYING OR SELLING A HOME…

The Serena Group ~ Keller Williams Realty of Manatee

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May 16, 2012

6 Arguments for Buying Versus Renting a home

You’ve probably been bombarded by local and national real estate market news and information stating that “Now is the time to buy!”  

Especially if you are a first time home buyer, you might be asking yourself,

“Should I take the leap now into the real estate market to purchase a home?”  Or  “Is now the right time to buy a home?”

As much as all of the positive signs that we’re seeing in our local real estate market for the Sarasota, Bradenton, Manatee County, and Sarasota County area of Florida seems to provoke the answer to those questions to be a resounding “YES!”buying a home is a very personal action with very unique and individual circumstances to be considered for making the right decision at the right time .  A ‘one size fits all’ answer to the questions posed above would not do you, as a home buyer,  justice as the unique person that you are.

The advantages to home buying versus renting a home are numerous, but only you can determine if those advantages outweigh your other personal situations.

The very best home buying advice that you could follow is to, first, sit down with your family to privately discuss your options, pros and cons of both home ownership and renting.  When you’ve got a clear picture of your family’s priorities and have decided to look into buying a home, poll your trusted family members, friends, and colleagues, do your research on the web, and then,  seek the advice and guidance of an experienced, seasoned, and skilled real estate team or professional.

A good real estate agent or team of agents will be happy to schedule a home buyer consultation to go over your list of priorities, home criteria, and personal family situations to help you to decide the best plan of attack for purchasing your new home.  A good real estate agent will also counsel you on the steps of buying a home so that you will feel comfortable all throughout the home buying process… from the beginning point of looking at homes, to the end of the line at the closing table when you finally take possession of the keys to your new home!

If you or anyone that you know would like to schedule a home buyer consultation with The Serena Group, please contact our team leader, Bob Serena, directly at ► 941.928.1248

controlling your expenses, stable living costs, renting versus buying a home

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privacy, entry rights, renting versus buying a home

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pet ownership, renting versus buying a home

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noise and privacy, renting versus buying a home

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designing decisions, renting versus buying a home

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tax breaks, renting versus buying a home

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March 29, 2012

Video Tips for a Successful House Hunt

tips for a successful house hunt, home buyer, home buying, tips, information

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Video ► Tips for a Successful House Hunt

March 21, 2012

Special Skills, Representation, Guidance, and Options for Home Buyers and Home Owners for Short Sales, Foreclosures, and Distressed Properties

Our team leader, Bob Serena, holds a special distressed property REALTOR designation, SFR (Short Sales & Foreclosure Resource).  This special designation, and the advantage & value that it provides to a real estateclient, pertains to both home owners who may be exploring the option of avoiding a foreclosure by selecting to do a short sale instead, and for home buyers who want to invest in real estate or take advantage of distressed property pricing for a home purchase.

Click here for ► More about Short Sale and Foreclosure agent representation for home buyers and home sellers …

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For more information send us a message… We’ll get right back with you!

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