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Marques specializes in working with clients who are looking into buying a home in CT. Marques works with those that are pre-qualified or would like to learn how to raise their credit score enough for an affordable home loan. Marques also consults with investors who are looking to increase their portfolios through multi-family properties and commercial real estate in CT. Mortgage interest rates are surprisingly low right now and home prices are too - get a great deal that will repay you again and again over the years.

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Marques’ Blog

What are the requirements to get started in the home buying process?

Owning a home is the American dream, that most people want to achieve at some point in life. Do most people know what the basic steps are to begin? Here they are. 1. Decide if owning is for you Owning is a big difference as compared to renting. You have all the responsibility for maintenance and costs that go with owning a home. Whether you go single family or multifamily, the responsibility is there. What i would advise doing is using a online calculator to determine what a mortgage and if you can cover those costs. 2. Sit and discuss with Myself/Lender Once you decide to pursue owning a home, meeting with a Realtor (me, lol) should be your next step. I will paint the picture and let you know what will be needed to make this happen and answer the many questions a first time home buyer would have. I work with several reputable lenders who can get you the best loan product for your particular situation. You are more than welcome to contact your own lender and/or bank, but working with a lender that has a relationship with your Realtor will ensure the process is as smooth as possible. 3. Get Pre approved Once you speak to the lender and they check your finances and credit, they’ll  be able to supply you with a pre approval. Most cases they will give you a maximum amount, that fits what you’re comfortable paying monthly. Once you have this, we can start home shopping. Here are the basics needed to get a mortgage pre approval. -Credit score of above a...

5 Areas To Focus On To Add Value To Your Home

Once you make your house a home, the value of it multiplies to you. You’ve raised your family there, likely grew in many areas of life, and it may have even been your first taste of home ownership. While all of these are great things and views on why your home is great, that doesn’t necessarily add monetary value to your home. The next buyer won’t really look at your home that way and rightfully so, being real estate transactions are a business. If you’re looking for some areas to focus on to add value in the eyes of buyers to your home, here are the 5 places to do so. Kitchen This is usually the biggest and best place to add value to that home. Whats usually the first thing people fall in love with in a home? Its usually the kitchen. While a major renovation can and will be costly, doing minor projects can get you there and to the same place. Maybe choosing to refinish existing cabinets as opposed to replacing the entire space of cabinets, can save you thousands and have the same look. Step by step is always the best way to go for somebody on a budget. Shopping around and tying all your ideas together will get it done and get that kitchen ready to make your home that much better. Bathroom Updates The smallest room can add big value to every other space in that house. Being that it is the smallest, it usually doesn’t cost too much to make it shine. Less floor space make it easier to re-tile the floor,...

The Guide To Getting a Mortgage

Buying a home is no easy task, but being informed and having the right professionals helping you will make all the difference in your experience. I pride myself on educating all my clients on the entire process and what they need to do to make it happen.  If you are unfamiliar as far as what to do to get the ball rolling on obtaining a mortgage, here are a few simple steps to make it happen: DETERMINE YOUR AFFORDABILITY Before you even start working with a Realtor or house hunting, you want to determine exactly what you can afford. This will greatly help you and your agent find and target what your options are. This is a big purchase, and you want to make sure that you will get a payment that you can comfortably afford, along with your normal household expenses. You can figure this out by using an affordability calculator and also a payment calculator to determine your buying power. GET STARTED ON THE MORTGAGE PROCESS The next step will be actually speaking with a lender/loan officer. I suggest speaking with a mortgage company rather than an individual bank. Companies have more flexibility and resources for different situations, as they work with more banks. You will need the following to get the process started in working with a lender/loan officer. Personal Info– Name, DOB, Marital Status Residence History– Rent payment or all mortgage, insurance and tax figures for at least the past two years. Employment and income– Documentation showing wages and employment history for at least two years. If you receive commissions or bonuses, you’ll need two years of...

5 Steps To Start Improving Your Credit

Credit is a vital part to success and ease in your adult life. Having bad credit will result in you having to pay more in interest rates on cars, homes, credit cards, and even personal loans. If your credit score is really low, you’ll likely come across a denial in more cases than not. So what do you need to do to start on the path to improving your credit? Here are my first 5 Steps to Improve Your Credit KNOW WHERE YOU STAND In order to solve the problem, you must first know where you stand. There are several places online that offer a free estimate of where your score is (most popularly www.creditkarma.com). Visit Annualcreditreport.com to pull a report from all three bureaus. Although you wont have a score, you will see the things that are reporting and things you need to address and have possibly disputed. START TO BUILD YOUR CREDIT HISTORY While removing bad or inaccurate items off your reports are helpful, they wont necessarily make your score rise. You have to maintain and have all credit accounts in good standing. The easiest and best type of credit to get is a revolving credit or secured credit card. They usually report monthly to all three bureaus and if used correctly will lift your score. The biggest rule of thumb is to keep every balance under 30% of the available limit. RESEARCH CREDIT OPTIONS AND DON’T JUMP AT FIRST OFFER Just because you get a card offer, don’t just accept. Most people don’t read the fine print of the card info. Be careful to see what the...

4 Things To Do While Saving To Buy A Home

Being a first time home buyer, you do have some homework to do outside of just choosing a realtor. The realtor can explain and direct you to the best of their abilities in purchasing your home. Aside from the obvious step of saving money, here are 5 things you can do to make the process that much easier. Understanding the full cost of home ownership When you rent, the one payment covers just about everything (utilities excluded). You’re not fixing the broken sink, appliance, or any taking care of the grounds, its the owners responsibility. These are things as a new homeowner you need to brace and prepare for. Luckily, in most first time home buyer situations, taxes and insurance are included in your monthly mortgage due to the type of loan product most popular with first timers. If you’re pursuing a condo, you’ll have to factor in that condo fee (HOA) as an additional expense. These are all things you need to factor in and decide if you will be able to afford as well as the new mortgage. Know the Buy Vs Rent Pros and Cons Renting may actually be a better option for some individuals. Maybe somebody that isn’t completely set on living in a certain area due to career or personal factors. Some people aren’t able to own a home because they don’t have the time or funds to maintain it. Buying is becoming cheaper than renting in most areas of the country due to the tax breaks at the end of the year set for homeowners. This is something that you and a realtor...

5 Things To Know Before You Finance A Home

Most people that buy any type of home, usually finance it. With that being said, that is the biggest purchase one will make in life. With something of that magnitude, you should be very cautious and know what you’re doing beforehand. Here are my 5 things you need to know before you make the jump into financing a home. 1. Understand the full cost of owning a home There are four parts of a mortgage; Principal, Interest, Taxes, Insurance. While the taxes are usually set, the insurance is dependent upon the property (size, area,pool,pets). Principal is the amount being financed and interest is the amount being charged to borrow that. Another aspect is your monthly bills, home maintenance, and other repair costs. Its is very important to have a mortgage that you are very comfortable with. 2. Know your credit Your credit history will determine if you ultimately get approved. By knowing where you stand credit wise, it makes the process that much easier of knowing what needs to be cleaned up and addressed beforehand. You should pull a free annual credit report and know where you stand. (Annualcreditreport.com) 3. Match your mortgage type with goals If your income isn’t going to grow over time, you will probably be in the home longer term, so you’ll want a loan with a payment that won’t change, like a 30-year fixed. Or maybe you expect your income to increase sharply within five years and you’re going to upgrade homes within that time, so you’ll want a five-year ARM, which has a much lower rate. If you don’t have a 20-percent down...

6 Things To Know Before You Become A Landlord

Real estate is one of the most trusted and surest ways to gain wealth. Everywhere we go is Real Estate, and we are always on somebodies property. Being a Realtor, I held many buy property and often help first time buyers become landlords. This is a great thing to do and can save and make you a lot of money, and sometimes result in you living rent and mortgage free. Its not easy of course and will take patience and being in the know. Here are 6 things to know before becoming a landlord. Buy Locally It may seem pretty obvious but sometimes, ones hometown isn’t the best place to own a multi-family home. You want to be able to be within reasonable driving distance to the property so that you’re not going out of your way to visit it. Know Landlord laws Knowing what you’re legally able to do is often an overlooked step. While you may have experience dealing with a landlord, that’s not enough to handle a new tenant relationship. Knowing the laws and loopholes of this business relationship will keep you in the clear and out of court. Your local laws are located on this site. https://www.jud.ct.gov/lawlib/law/landlord.htm Enforce timely rent payments This is another overlooked thing. The best way to go about this the right way would be to possibly list a late fee to rent in the lease. Keep in mind this is business, so regardless of a friendship developing, rent still is late after the 10th. By all means, keeping a good relationship can be done and while being firm on when payments are...

4 Most Common Mistakes First Time Buyers Make

Buying your first home can be a very exciting, nerve wrecking, and rewarding process without the right direction. So much rests on this transaction and if not done right it can cost you thousands of dollars and lots of stress. Being a first time home-buyer specialist, I make it my priority for every client to know what the process entails and how to make it easier. Here are the 4 most common mistakes First Time Home Buyers make. Not Listening to or Seeking Professional  As soon as you mention your buying a home, all your friends and family will give you their horror stories. While I wont say don’t listen, I will say that’s not exactly your fate. Being in the business long enough, I will say every deal has a bump and no two are the same. As soon as you think to begin the process, your first call should be to a trusted area Realtor (Me, lol). Reason being, we know the best ways and programs you can utilize to get the most out of your purchase. We can also send you to the best loan officers in the area and likely save you a lot of money and frustration. Not Learning the Process If you fail to plan, plan to fail. Knowing what you’re getting into step by step, will save you lots of time as well. What we call a buyer consultation is where we sit and go over the process and make sure you know what is going to happen. Again, no two deals are the same and there will always be issues that...

5 Improvements That Can Increase Your Home Value

The value of a home is always something important that the owner should constantly work to maintain and increase. Whether you’re looking to stay in the home for 5,10, or 20 years you should always do things to increase the value of the home. Some people often don’t know the things that directly add value to a home. Here are 5 improvements that increase the value of a home. New Kitchen The place that will usually draw a buyer to a home is the kitchen. The newer and shinier, the more appeal the home will have. If you don’t have the ability to overhaul the entire kitchen, start with little projects and go from there. Starting with new fixtures, flooring, appliances, and paint can change the entire look of that kitchen. While cabinets and counter tops may be huge renovations, saving for them over time will defray the cost and make things easier. Bathroom Updates While its usually the smallest room in the home, it can possibly have the biggest impact. Just like in the kitchen, starting small is the best plan of action. Changing the vanity, paint color, or fixtures can update and change the entire look of the bathroom. Being that the bathroom is small, laying new flooring wont break the bank and will change the entire scheme of things in the bathroom. Another thing to possible consider if you have tiling would be to re grouting the tile may be a very inexpensive option. Lighting  The brighter the space appears, the bigger it feels and seems. If you’re listing the home for sale, you want that...

4 Reasons Your Home May Not Be Selling

Selling your home isn’t always an easy task. There are many variables that go into a successful transaction, and most are usually in the control of those directly handling the home. Here are 4 reasons why your home may not be selling. The Smell of Your Home The old adage is, “If you can smell it, you can’t sell it”. Potential buyers walk into homes and a strange or unwelcoming smell can push the buyer out of that house a lot faster.  Pets are a part of our families but the smell can ruin a buyers feeling on the home. Scented candles and air fresheners go along way in changing the way a home feels to those looking. The Home May Need Some TLC Repairs are usually seen by buyers as a burden, and many don’t look to take them on. We all want the most for the least, and potential home buyers are no different. Looking to get the most for your home will sometimes require you to make the necessary repairs to warrant that amount. Small fixtures, updates, and cleaning can go along way. Presentation is all wrong The first place your home is seen is typically online in a quick flip through on a phone and computer. . With that being said, what will make the buyer want to take the time to see your property? Professional photography and staging in some cases can go a really long way in making your home stand out. Secondly, listing the immediate benefits of the home (location, size, proximity to areas of interest) may peak the interest and lead...

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