Listing Courtesy of LONG AND FOSTER-BETHANY
It used to be that thrift-minded people shied away from plastic because it made overspending too easy. Today, ubiquitous credit card bonus points and associated discounts and freebies make the opposite true. After all, taking a vacation without using at least some of your credit card airline “miles” or hotel “points” seems more careless than thrifty.
And the fact is, you don’t have to use the credit part of credit card purchases: if you’re careful, you can pay off the balances before interest starts to accrue. And there’s a major additional benefit to conscientious attention to of all your credit accounts— that is, the credit score dimension.
For many years, credit scores seemed a sort of hush-hush affair. That was before initiatives by the Consumer Financial Protection Bureau and the Fair Isaac Corp (FICO) changed the rules of the game, making it mandatory to allow free access to your credit scores. Even so, it was still a bit of a hassle to get to see them—and the “free” access was limited to once a year.
But that’s been changing. Today, many credit card accounts include free access to the FICO credit scores associated with them. If you use the card issuers’ online account systems, you’re usually just a mouse click away from your most recent score. Apparently, the banks behind the cards know it’s a good way to make online bill paying more attractive than snail mail—which is a profit saver for them. At last count, by April of last year more than 150 million accounts included the instant credit score feature.
What that means to Delaware real estate transactions is a solid positive. When Delaware consumers can keep a steady watch on their credit scores, they are much more likely to notice FICO mistakes or any of their own inadvertent slip-ups. The scores affect the interest rates associated with their credit card accounts—but they also heavily influence the offers they can expect from the mortgage underwriters.
I recommend prequalifying for a home loan: it’s one of the best ways to make your offer the winner in a multiple offer scenario. For other ideas that give you a head start when it comes to buying or selling Delaware real estate, just give me a call! Call/Text me Russell Stucki at (302) 228-7871, email me at firstname.lastname@example.org, visit more listings at www.beachrealestatemarket.com.
Not everyone who is looking at the homes for sale in Delaware needs to come up with a winner right away. If their own house has just been listed, they may reasonably estimate that it will be some months before the moving vans need to be summoned. Or they may be contemplating a move only if they happen across just the right place at just the right price.
If you find yourself in a similar kind of low-pressure house hunting mode, some basic truths about homebuying still do apply. Remember that when you finally do find just the right home at just the right price, all of a sudden you could find yourself in competition with others who see the same thing: the house they’ve been looking for!
The takeaway is that, even if your interest in today’s Delaware homes for sale is strictly low-key, it’s prudent to prepare yourself as if yours is more of a front-burner quest. Although it could seem to be more trouble than it’s likely to be worth, most people in a similar “just looking” frame of mind won’t have gone to the trouble. In other words, when the Delaware house of your dreams suddenly does come on the market, guess who’s going to be the one to land it?
Here are three checklist items that will position you to make the most of any Delaware house hunt:
Today’s low home loan rates are allowing surprisingly affordable monthly payments—numbers which can transform even the least motivated prospects into active house hunters. To see what that means in terms of the actual current crop of Delaware homes for sale, give me a call! Call/Text me Russell Stucki at (302) 228-7871, email me at email@example.com, visit more listings at www.beachrealestatemarket.com.