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Under Contract in Tomball!

#congratulations to my #buyers #undercontract in #tomball #letmehelpyoubuyanewhome #home #CallOnChristine #realtorck4u #KWPlatinumHouston #countrylife #rosedwoodhill #houstonrealestate

Under Contract in Only 4 Days!

#congratulations to my #sellers #multipleoffers and #undercontract in only #4days #letmehelpyousellyourhome #CallOnChristine #realtorck4u #KWPlatinumHouston #cypress #westgate #houstonrealestate

Your January 2020 Real Estate News!

January 2020                                                                                                 
REAL ESTATE NEWS
Brought to you by Christine Kalmbach
If you’ve made a resolution this year to get your credit on track, getting started can feel a bit daunting. After all, it can sometimes seem as if credit agencies want to keep you in the dark about how scores are calculated. Not to worry – with some diligence on your part and a little insight into the world of credit score-keeping, you can get back on track in 2020.

Paint your credit score on your wall for extra motivation

Credit scores follow an algorithm first developed by the data analytics company FICO years ago. For a while, credit scores weren’t the primary force behind a credit decision but over time the impact of a credit score became more and more important. Most every loan program available today has a minimum credit score.

There are five characteristics of your credit history that make up your three-digit score: your payment history, account balances, the length of your credit history, the types of credit used and how often you’ve applied for new credit. Credit scores will improve much more quickly by paying attention to the two categories that have the greatest impact on a score: payment history and account balances.

Payment history accounts for 35 percent of the total score. When someone makes a payment more than 30 days past the due date, scores will fall. An occasional “late pay” won’t do much damage to your score but continued payments made more than 30 days past due definitely will. Preventing late payments is key to recovering your score.

Account balances compare outstanding loan balances with credit lines and make up 30 percent of your score. If a credit card has a $10,000 credit line and there is a $3,300 balance, scores will actually improve, as the ideal balance-to-limit is about one-third of the credit line. As the balance grows and approaches or exceeds the limit, scores will begin to fall.

The remaining three have relatively little impact. How long someone has used credit accounts for 15 percent of the score, but there’s really nothing anyone can do to improve this area other than to wait. Types of credit and credit inquiries both makeup 10 percent of the score. By concentrating on payment history and account balances, scores will improve significantly over the next few months.

Inspections vs. Appraisals vs. AVMs
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Appraisal after inspectionInspections, appraisals, and automated valuation models, while related, all have different functions but can be easily confused. Let’s take a closer look.

Inspections: A property inspection is ordered by the buyer and is meant to be an unbiased look at the condition of the property. While not necessarily required by a lender, an inspection protects the buyer from purchasing a home that requires expensive repairs or otherwise doesn’t live up to its list price. A property inspector will examine the condition of the property inside and out, running through a checklist of areas including, but not limited to, the roof, electrical panels, wiring, plumbing, appliances, doors, and windows. If any issues pop up, the inspector makes a note and provides the buyer with a report.

Many reported issues will need some attention but won’t affect financing. If major repairs are needed however, the lender might want to have those issues addressed before they provide any funding.

Appraisals: Once the inspection has been completed and reviewed, the lender can order an appraisal. The appraisal will consider comparable homes in the area as well as other factors such as lot size, nearby schools and crime rates. The goal of the appraisal is to determine the true value of the property for the sake of the lender.

The key difference between an inspection and an appraisal is that an inspection aims to assess the physical condition of a home itself, while an appraisal solely determines the market value of the real estate.

AVMs: An automated valuation model is a digital evaluation of the value of a home. An AVM will quickly research the database of similar homes in the area and compare them with the value of the subject property. AVMs are often used to assess the value of a property portfolio, and have the advantage of saving time and money since no one physically visits the property. However, AVMs can’t take into account the true condition of a property and often aren’t enough to secure a conventional loan for a home buyer.

QUESTIONS? VISIT Christine Kalmbach KW Realty
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personal photo #CallOnChristine #RealtorCK4U #GetClosedwithChristine
Christine Kalmbach REALTOR
Keller Williams Realty Platinum
832-755-2954
281-856-0808
Click here to download my mobile app!
christinekalmbach@kwrealty.com
ChristineKalmbach.kwrealty.com
Copyright 2020 Keller Williams® Realty, Inc. If you have a brokerage relationship with another agency, this is not intended as a solicitation. All information deemed reliable but not guaranteed. Equal Opportunity Housing Provider. Each office is independently owned and operated. 

New Listing in the Heart of Copperfield!

Happy Friyay, y’all! Check out my newest listing! A gorgeous David Weekley Santa Cruz Model in the heart ❤️ of Copperfield! Almost completely remodeled it is move-in ready! It has 2 Master Bedrooms, 2 Full Bathrooms and an attached 2 Car Garage! Make it your home today! Please follow the link to HAR: 8555 Spring Green Drive

#8555SpringGreen #Copperfield #newlisting #comeseecomebuy #CallOnChristine #realtorck4u

8 Ways A Great Real Estate Agent Can Change Your Life

A real estate transaction can be an exciting thing to experience, but it can also be nerve-wracking and stressful. Your experience will largely depend on the circumstances surrounding your transaction and, perhaps more importantly, the agent you’re working with.

A great agent will not only get you over the finish line to the best of their ability, but they can also change your life for the better. Here are eight ways:

1. They’ll show you they care

In today’s fast-paced world, it seems like everyone’s attention is in short supply. A great real estate agent will show you that’s not always the case, by listening and caring about you and your needs. Not only will being a good listener to help an agent do their job, but it’ll also show you that even in business, there are still people out there who care.

2. They can save you a lot of money

There’s an old expression, “If you think it’s expensive to hire a professional to do the job, wait until you hire an amateur.” Hiring a great agent can save you literally thousands of dollars, as the right agent will not only negotiate effectively, but also know what pitfalls to look for as the transaction moves along, saving you money in the process.

3. They can help you see things in a different way

One of the most overlooked aspects of hiring a great agent is just how much of an effect they can have on your perspective. For instance, you might think that you’re looking for something in particular, but a great agent can take what you asked for and find something that’s even better than anything you’ve ever considered. A great agent is like an expert matchmaker.

4. They’ll do more than help you buy or sell a home

A great real estate agent will go above and beyond for you. They’ll help you find contractors, give recommendations on design (if you’re open to them), and even help you navigate the restaurants in your new neighborhood. Great agents provide so much value because they want to be your go-to resource for anything to do with real estate.

5. They can find you something that no one else can

Great real estate agents aren’t necessarily miracle workers, but they’re close. A great agent will surprise you with something no one’s ever thought of before, whether it’s finding a property that you didn’t know about, or a solution to an otherwise complex problem. A great agent is proactive and instead of sitting around waiting, will make things happen for you.

6. They can take a lot of stress away

One of the best things about a great real estate agent is the peace of mind that comes from working with them. There are lots of things that can go wrong during a real estate transaction, and a great agent knows this and will not only anticipate issues ahead of time, but will shoulder the burden and solve problems for you, making it a low-stress experience.

7. They’ll go to battle for you when it counts

The right agent is like a general you can depend on when the going gets tough. From searching for the right property or buyer, to negotiating, to pushing the deal through despite all obstacles standing in the way… a great real estate agent won’t back down from adversity and will battle for your best interests at all times.

8. They can become a friend for life

Maybe your real estate agent is already your friend, but if not, with a great agent you might eventually become one. Real estate is much more about relationships than it is about individual transactions, and great agents know this. They also usually have the kind of infectious personality that you always want to be around. So don’t be afraid to form a lifelong friendship with your real estate agent, it could truly change your life.

Contact Christine now and see if she can achieve all 8 of these for you!