Daniel DeBoo Realtor Blog

Buying a Home When You Have Less Than Perfect Credit

Buying a home when your credit is not at it’s best is difficult. However, there are ways that you can help improve your chances atsuccess. These suggestions may be just what your circumstances require.

1. Start working on repairing your credit today!

2. Save money to be able to put up a more significant
down payment

3. Check to see if you qualify for FHA loans

4. Be prepared to deal with a high interest rates

5. Find a seller who will carry the the note

The easiest way to buy your home is to improve your
credit first. Do that in tandem with the other strategies. You are not in an
impossible situation – you are just going to need to work a little harder to
get what you need.

Personal experience has taught me that I need to think differently about the carbon monoxide detectors in my home.  This teaching moment came to me when we discovered the heat exchanger in our 5 year old furnace had a broken seal and CO readings were exceeded 125ppm.  When we checked our CO detectors they were over 7 years old.  Since the recommended replacement cycle is 5 years, we thought it would be wise to replace them.  Take the time to check the ones in your home.  Here is a web link from the Missouri extension service  http://missourifamilies.org/features/housingarticles/housing7.htm

Listening to the anxiety that underlies a Sellers description of their home is just as important as capturing the facts about the property.  Afterall, this is a transaction whose success hinges on the feelings of both the Buyer and Seller.  In this uncertain market the extra helping of anxiety that the Seller serves up at the Listing Presentation table, makes listening and discerning the potential trouble spots critical to successfully engaging the Seller.

It is prudent to make sure that the Realtor lays out all the services that they should expect to receive.  Deliberately, piece by piece, so that there is clear understanding of the value that the Realtor is bringing to the table.  Sometimes a summary at the end of the Listing presentation helps to cement benefits that have been presented.

Home Buyers here is your opportunity! Click Here