01/26/2023
If previous articles encouraged you to take your home purchase plans off hold, here are strategies that will help you achieve this goal.
Improve your FICO score. While the average credit score for a first-time homebuyer is 746, according to a 2022 Fannie Mae study, the average score for all homebuyers is 754. (FICO scores top out at 850.) If you're still building a credit history, getting a credit card and paying off the balance monthly will help boost your numbers. If you have several credit cards, you can improve your score by paying off the balances and minimizing future use. Keep in mind that it can take up to 60 days for the credit agencies (Equifax, Experian and TransUnion) to record your new score.
Team up with a real estate agent, like myself. Give yourself extra time to do this, as many home sellers put their homes in the market in April and May. Right now, business is generally slower, so you can research and chat with more agents before deciding. An experienced agent like myself can help you prepare ahead of time, keep an eye out for that perfect home, and assist you with preparing a professional offer.
Call, text or message me TODAY.
Dean Symister / Kw Realty Atlanta Classic (770) 652-1062
, , ,
, , , , , , , ,