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

is here for you! 

Contact Us Today!

or visit our website for more home selling, home buying, real estate, tips, and information:

www.Bradenton-Florida-RealEstate.com

October 10, 2012

Real Estate Home Buying Report, Data, and Information for International, UK, Home Buyers and Investors For Florida Properties

Real Estate Home Buying Report, Data, and Information for International, UK, Home Buyers and Investors For Florida Properties

international, real estate, home buyer, home buying, information

If you’re a resident of the United Kingdom (UK), or an international home buyer from outside of the United States,and have been toying with the idea of buying a vacation or investment property or home in the United States, Bradenton, Sarasota, Florida is a location that you should be considering very seriously for a number of reasons:

  • There are still great home buying, and real estate investment opportunities in the Bradenton, Sarasota areas of Florida!   We are beginning to see a shift, however, from an all out buyer’s market to a more stable market that is just beginning to give a home seller the edge in some areas.
  • Great home prices coupled with the excellent dollar to pound exchange rate, currently, is a winning combination and great incentive to get serious about home buying or real estate investments right now.
  • It goes without saying… Bradenton, Sarasota, Florida property is always appealing due to our weather conditions and our unmatched gorgeous white sand beaches and warm Gulf of Mexico waters. These elements, combined with the others above, contribute to a ‘perfect storm’ situation for real estate investment opportunity for foreign investors or home buyers. Whether you plan to purchase a property for personal use or whether you’re buying a home or property for investment only and plan to lease it, the Bradenton, Sarasota areas of Florida will always be a ‘paradise’ that people will be happy to call home.

If you’ve been sitting it out on the sidelines, just waiting for the perfect opportunity to get into the real estate, home buying, game that time has arrived!

Contact The Serena Group today to schedule a personal consultation to discuss your plans, and to let us know how we can assist you with YOUR dream to buy a Florida home. We’re here for you!

Click the image below for a glimpse of a year over year comparison of real estate market data for the Bradenton, Manatee county area of Florida.

real estate, market, report, reports, data, statistics, information, UK, home buyers, foreign investors

Here’s a link to a recent article and more information for international home buyers from the Florida Association of REALTORS: INFORMATION FOR UK, INTERNATIONAL HOME BUYERS FROM FloridaRealtors®

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

Click to view video!

or click link below to view video

Video ► Tips for a Successful House Hunt

December 4, 2011

Real Estate, Home Buying, Home Selling, Transaction Process, Information, Chart

home buying or home selling transaction process

Real Estate, Home Buying, Home Selling, Transaction Process, Information, Chart

View this document on Scribd

September 29, 2011

What Do You Know About USDA Home Mortgage Loans?

If you’re planning a home purchase, and are planning to get a mortgage,

make sure that you explore all the options that are available to you.

One of those options might be a USDA mortgage loan.

USDA mortgage loans have some huge benefits if the property that you’re choosing and your financial situation meet certain criteria:

  • Home must be within certain geographic areas.  For our area in Manatee County, Florida, the geographic  area includes a rather large part of the county.
        For more specifics, you can look up a property address by going to:

http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do

  • The income of the borrower(s) must be within certain limits.  $75,200 for a family of 1-4, and $99,250 for families of 5 or more.

For more detailed information and to ask questions from a mortgage professional, READ ON HERE!

September 13, 2011

Buying a Home? You’re Buying the Neighborhood Too!

tips for finding the perfect home in the perfect neighborhood

When shopping for a new home, don’t neglect to match your perfect home with the perfect neighborhood.   Lifestyle should be a top consideration.  Falling in love with a home, in a neighborhood that does not suit your family’s lifestyle needs or preferences, in the long run, could be a huge mistake.  Shop wisely for the area first,  and keep an eye out for neighborhood amenities that are suited to your lifestyle, proximity to work, etc.   Then… find a home to fall in love with in that area.

Click here for more tips on buying the right home in the right neighborhood!

November 1, 2010

Homeownership – More Than Just Credit Rating

It’s still a ‘buyer’s market’ out there and an excellent time to buy a home.  Mortgage rates are great, but there are things to consider before contacting a lender.  An honest look at your ‘financial snapshot’ and assessment of your goals is a great way to organize yourself before starting the mortgage process.

Besides your credit score and credit record, lending companies look at the following prior to deciding on whether to give you a mortgage:MORTGAGE INFORMATION FOR HOME BUYERS, LENDING CRITERIA FOR MORTGAGES

  • Stability of your income
  • Employment history
  • Monthly debt payments (credit card bills, car loans, etc.) in relation to your income
  • How you save money and how much you have saved
  • The type of mortgage you are considering
  • The type and value of the property you want to buy
  • The amount of the down payment you plan to make
  • On-time payment of rent and utilities

The key is to have a good balance between your capacity, credit and collateral, the three C’s.

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