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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

7 Things That Will Scare A Buyer Away From Buying Your Home

When one buys a home, they usually want the most for the least. Whether its the first time buyer that maybe cant afford to do the repairs, or somebody just looking for the best value, buyers are usually inclined to select the turn key property. As a seller, once you list your home, you’re entering into a competition. What about your house is gonna make the buyer choose yours? What value do you give the buyer that makes them not want to look at anything else after yours. A good buyers agent will showcase those things and let their clients know which home is the best investment. Here are 7 things that will likely scare a buyer away. Aged or Damaged Roof One of the biggest repairs and upgrades is the roof. On average a roof can be at least about $6000 to replace (depending on size of the home). Roof issues are responsible for about 40% of the insurance claims in the US. Typical lifespan on a roof is between 21-30 years. Damaged or Missing Gutters Gutters and downspouts are critical in keeping water away from pooling up around the house. Water pooling up can cause major foundation issues and water seepage into the basement and causing further damage. Old Windows and Doors Windows are another major expense that can cost you money monthly in heating and cooling costs. Broken windows may also stop a buyer from buying the house due to financing rules. Window replacement can bring 50%-80% return on your investment. Old and Outdated Appliances Most buyers usually replace their appliances anyways, but old and outdated...

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 Biggest Credit Score Myths

Your credit is the financial reputation that you carry with you throughout your adult life. Having good credit can be the determine what you drive, where you live, and sometimes where you work. Bad credit will cost you money as well whether it be through higher interest rates, not being able to qualify for a mortgage and having to pay a high rent, or generally not getting approved for credit and having to make all cash purchases. There are many myths about Credit and how to maintain and perfect it, but there are also alot of misconceptions. Here are the 5 Biggest credit score myths. 1. Checking your credit score will cause it to drop Checking your own score wont cause this because it is a soft inquiry. Only a hard inquiry (seeking new credit) will cause it to drop momentarily. There are several free services that give you a ball park credit score figure, but the most accurate report will come from annualcreditreport.com 2. You have only one credit report and score While your score is usually consolidated into one, you do have three scores. Transunion, Equifax, and Experian are the three credit bureaus and while the scores may vary, they’re usually in the same vicinity. A FICO or vantage is usually an average and many times the score used to make credit decisions. 3. You need to carry a balance and pay interest to build credit Some people believe you need to carry a balance to show lenders you’re using credit, but doing so could result in you paying unnecessary interest and could hurt your credit score...

5 Steps to Get You Closer to Owning A Home While Renting.

If you’re a renter and intend to one day own your own home, the being prepared is one of the best things you can do to ease the process. Buying any type of property isn’t easy,  but you can avoid some of the pitfalls by having all your ducks in a row ahead of time. Here are 5 things that will advance you in the transition from renter to homeowner: UNDERSTAND COSTS When renting, all you pay is your rent in most case, but as a homeowner a mortgage purposes satisfies several things. A mortgage payment is broken down by four things, P.I.T.I. (Principal, Interest, Taxes, Insurance). This is very vital to know because some towns have higher tax rates than others which will ultimately increase your monthly payment no matter how good of a deal your realtor gets for you. You also are responsible for the things that go wrong on your home, and the repairs that go along with them. This is a very overlooked aspect as many people arent ready for the things that tend to go wrong. KNOW HOMEOWNER TAX BENEFITS Mortgage interest and property taxes are both deductible when you file your annual tax returns and reduce taxable income. These deductions significantly lower the cost of home ownership. This is one of the best benefits to owning property. KNOW THE RENT VS. BUY NUMBERS In most areas of the country it is becoming cheaper to buy a home rather than rent a place. Most people are scared of the down payment required for a house but fail to realize, the average rental in Connecticut...

The 5 Pillars Of Buying An Investment Property

Real estate is usually the surest and best way to become wealthy in America. Its all around us and the need is always there. Those that have learned and are learning this understand that the first investment property is usually residential of some type. Here are the 5 key things to focus when buying an investment property. Financing (Down payment and interest rates) Funds to purchase the property is usually the first thing that should be determined and factored in. There are a few different avenues one can take, in purchasing. You can buy your first home as an owner occupant (2-units) and put down up to about 3.5% of the purchase price down. You will usually have to live there for about a year, being its a owner occupant. If you’re looking to buy more than 4 units, you’re likely looking at anywhere from 20%-25% down. Interest rates are higher for non owner occupant loans, so that is something you want to discuss with your loan officer. Decide if you’re looking to rent or flip the property Buying and holding versus buying to flip are two separate strategies. Flipping a house will cost you more upfront money to get the home sell-able and ready for the market. Getting your initial investment back on a buy-hold will take a little longer but you’re starting to build equity and a portfolio. Renting the property for income is the smarter route for a beginner until they fully learn the ins and outs of the flipping business. Understand where you’re buying Knowing what is selling and renting in the area is vital for...

The 5 Reasons You Should Buy Your Home This Fall

With all the beautiful Connecticut foliage, happenings, and fairs going on during another New England fall season, real estate is something else you should have an eye on. While spring is the most popular buying season, here are 5 reasons you should buy a house this fall. What’s left of Spring Inventory may work for you As stated before Spring is when most sellers list their home initially, but what happens when they don’t sell? Most sellers stay on the market in hopes of selling and may end up with a home that sells less than its market value. Less Buying Competition A biy motivation in buying is closing before school starts, and now that time has come and gone. Many are also hesitant to buy in the fall and cooler months of the year. Many Sellers want to close by years end Some properties aren’t homes and investments for some owner, so the tax consequences can be motivation for a seller to make a deal. Some agents even convince sellers to offer incentives and extra discount to buyers whom can close by years end. Homes on the market during holidays usually have motivated sellers Many don’t like their home to be viewed or open during holidays and disrupting their family gatherings and events. If a seller is listed during this time, then in most cases they’re motivated and likely to work harder to put the deal together. The great landscaping is gone Flowers are starting to die and trees losing their leaves so the beauty of the landscaping for homes is going away. This will let you know...

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,...

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...

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...

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...

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