Page 29 - AreaNewsletters "Mar'20" issue

F I NA NCE & B US I NE S S
The Reality Real Estate
By Kay Rowe, HomeSmart Realty Group and Embrace Life LLC Tips for Preparing to
Purchase a New Home Spring is the perfect time to clean up your finances and to prepare
for buying a new home. Here are five tips to help you get started:
Spot Check Your Home Value (If you are already a homeowner) – Get comparative data on the most recent home sales in your neighborhood to ensure your biggest investment is on the right track. Note: Most Realtors provide this service at no-charge.
Scrub Your Credit – Know your credit score. You can receive a free copy of your credit report once a year (www.annualcreditreport.com).
Sweep Away Debt – Ensure your credit card balances are less than 30% of credit available. This may improve your credit score and could lead to better loan rates.
Clean Up Your Cash Flow – Review your income and expenses to make sure you are crystal clear about where all your money is going. Make sure you are apportioning sufficient amounts to savings, retirement, emergency funds, or investing in a new home.
Get Clarity on Your Budget – If you are in the market for a new home, before you start shopping, contact a lender to help you with determining your budget and to provide you with a pre-approval letter.
Contact me, and I’ll happily email you the above Checklist for your home purchasing plan.
Real Estate
&
Mediation
~ Best, Kay Rowe
29 Castle Rock “AreaNewsletters • March 2020
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