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Feeling the itch to buy your first home?

Maybe spring fever has hit you. The temps are (slowly!) climbing, the poor tulips and bulbs are trying to peek through under the late-season snow we had last week and all you can think about is the warm weather and entertaining guests in a home of your own. But, where do you start?

STEP ONE

First things first, get your credit sorted. Most lenders require a credit score of 620 or above, so know your number. Check your credit history for any issues before contacting a mortgage broker. It’s free to check once a year!

STEP TWO

Save money! In all likelihood, a home purchase will be the biggest purchase you’ll make. You’ll need to factor in a down payment of some sort, closing costs, various inspections, etc when you’re buying, so keep that in mind.

STEP THREE

Find a mortgage broker you trust and figure out your budget. Tell him or her what you’re willing to spend and be prepared to delve into the nitty-gritty of your finances. But don’t fret – this is his or her job, so no need to be shy! Be prepared to fax or email a few recent pay stubs, 2 years of W-2s, 2 years of tax returns and a few recent bank statements.

 

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STEP FOUR

This crucial step ties into step three. You’ll need a preapproval from your lender before you can get to the fun part – seeing homes with your agent! This letter states that your lender has received all of your documentation and is comfortable lending you the amount of money you’ll need to see aforementioned homes.

STEP FIVE

Decide where you want to live! Are you a city person or do you need a bit more space? If you’re moving to a new neighborhood, drive around! Check out street view. Get comfortable with the area.

STEP SIX

Find an agent you connect with at Coldwell Bank Realty Corp. No one knows the area like we do! Our team works together to help make the process as smooth and stress-free as possible. You’ll be settled in your new home and have a new friend to invite over – your agent!

And fear not! The experienced agents in our office are happy to help guide you through the process and help you learn along the way. We understand the uncertainty that comes along with buying your first home and we’d love to be the ones to make the experience of finding the home you’ve always imagined a wonderful one!

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Community Overview

Community Overview: Lansdale

Welcome to our Community Overview series!

When considering a move to a new area, it is often important to consider not just the home you will be purchasing but the town in which you will be living as well. Do you have kids? You may want the inside scoop on the school district or recreational programs offered. Consider yourself a foodie? It might be important to you to move into an area with a bustling restaurant culture. You won’t just be residing within the 4 walls of the new home you’re purchasing but you will also be moving, playing, walking and living in the community.

First up, we will touch on the Borough of Lansdale, the home base for our office.Selected as one of the “Classic Towns of Greater Philadelphia,” Lansdale Borough is a part of Montgomery County, which is about 30 miles northwest of Philadelphia. With several SEPTA train stations nearby, commuting into the city for work or leisure is a breeze. Are you a sports fan? Grab an early train and head down to the sports stadiums located in South Philadelphia where all 4 of the city’s major sports teams play within walking distance from one another.

Schools:

If you have children then one of your main concerns is probably education and the schools your children could potentially be attending. Lansdale Borough falls within the North Penn School District boundaries. The North Penn School District is known for the academic achievement of its students and the knowledge demonstrated by its faculty. In 2012, North Penn was ranked 33 out of 498 Pennsylvania school districts by the Pittsburgh Times.The district also prides itself on the percentage of graduates each year. In 2011, the District saw a 96% graduation rate. North Penn School District has 13 elementary schools, 3 middle schools and one high school. To learn more about what the school district has to offer, visit the district website here.

Things to Do & See:

Montgomery County itself offers tons of things for people to see and do. There are numerous historical parks and museums, theaters, golf courses, the Philadelphia Zoo and a family fun center all within 30-40 minutes from Lansdale. Within the borough limits, you can find an abundant amount of activities. Throughout the year, Lansdale Borough hosts several events such as Lansdale Day, Founders Day, Oktoberfest, the Mardi Gras Parade and Farmers Market just to name a few. There are 21 parks in Lansdale for members of the community to walk, run, play with kids or your dog. Looking for ways to keep kids entertained? The Parks and Recreation department offer programs for kids ranging from Science Camp to T-Ball to Summer Camp.There are also several aquatic programs along with adult programs offered. The Lansdale YMCA is also another outlet for programs and activities. There truly is something for everyone to do in Lansdale.

For a complete list of all events click here

For a complete list of all Parks and Rec programs click here

     

Restaurants & Entertainment:

Lansdale is a bustling area full of flavor! If you love trying new things or you really enjoy a nice night of good company and even better food, you’re in the right place. There are an abundance of chain restaurants all across town for go-to meal such as Applebee’s and Margarita’s but if you want to dive deeper into the local spots you will not come up short handed. There is everything from Asian to Italian to European to Mom & Pop pizza shops and there is even a vegan restaurant. Check their calendars because there is a good chance of live music on the weekends as well. Planning a party? Check out Marjeane Caterers, Panico’s Grille or Smokerack BBQ & Grille for a variety of catering or banquet services. All of these options within minutes of your new home.

Lansdale Borough is a gem in Montgomery County, perfect for individuals and families alike. Our agents are ready and willing to help you find your next Home Sweet Home.

Financial

Heading In The Right Direction: Steps For Good Credit

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For homeowner hopefuls, getting approved for a mortgage can seem like a daunting task. One reason for this potential looming cloud is an unimpressive credit score that a potential buyer feels is holding them back. Most buyers worry about the actual number of their credit score and what it means to mortgage companies. In reality, what buyers should be focused on is the direction of their credit score.

There are several ways to get your credit score going in the right direction and improving your chances of getting approved for a mortgage.

1) Apply for a credit card: For people who do not have one yet and are looking to build some sort of credit, a credit card is a great way to begin laying the foundation. However, use the credit card sparingly as to avoid over-spending. Perhaps designate certain purchases for the card like filling up your gas tank or buying groceries every week. This will allow you to build manageable credit that can be easily paid off at the end of the month.

2) Pay your bills and pay them on time: It may seem obvious but perhaps you became insanely busy this month or it simply slipped your mind that your electric bill was due 5 days ago. Even a few days late on a payment can send your credit score heading in the wrong direction. If you find yourself being overwhelmed by due dates, consider signing up for online bill-pay which allows you to set up automatic payment. This way, the funds simply come out of your account and there is no chance of a missed or late payment. If you are not a fan of paperless billing, that’s fine too. Consider getting yourself a calendar and marking down when payments are due or marking a few days in advance to ensure the payment gets in the mail on time.

3) Check Your Credit Score: You can’t fix something when you don’t know what is bringing you down. Make sure you are getting your report from a credible source to ensure it is correct. Once you have a chance to look it over, figure out what items on your report are affecting your score the most and set a goal to handle those areas first.

4) Clean Up Your Credit Score: Usually, old information is taken off your credit report after 7 years but there are some cases where you can request to have the information removed before the 7 years is up, if it’s damaging to your current credit. Be sure to look over your report carefully and report any differences between your records and those of your credit report.

With that being said, your credit score does play a role in your ability to be pre-approved for a mortgage or any other loan for that matter. However, if you are dissatisfied with your current score, you must learn what can be done to push that number in a positive direction. If you follow these simple steps, you will see your number start to change for the better. It may not shoot up 50 points right away but you are building a better foundation for your future credit, which your future self with thank you for.

Introduction

Getting to Know CBRCA

Coldwell Banker Realty Corp. Associates boasts over 30 years of experience in the real estate industry. We have served the Delaware Valley for just as long which allows us to bring a wealth of knowledge about the market to the table. We are dedicated to bringing our clients technology and information that is ahead of the curve in order for them to make the most of their buying and selling experience.

Tips for better curb appeal? Home improvements on a budget? ? We will have all of that here and more. Our goal is to educate our followers with the same knowledge we provide our clients.

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