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Fixing your credit

by Erna Sigurdsson, Realtor

Since the recession, we have seen many people having problems with their credit. Having good credit is important to buy a car, rent or buy a house, getting credit cards and having low interest rates. But how do you get good credit?

It takes time to build up good credit, have patience because you will not see your credit score jump quickly. By having a steady income and paying your bills on time, your credit will improve over time.

The following steps will assist you with being educated and knowing how to protect yourself from scams.

  1. Check www.annualcreditreport.com to see what is on your credit report. This is a free service and you can view all three credit reporting agencies reports at the same time once every twelve months, or you can check on one every four months to continually track what is in your credit report.
  2. Avoid credit repair scams. The Federal Trade Commission (FTC) has a web-site dedicated to how to avoid scams and what to do if there is something incorrectly reported on your credit.
  3. Be educated. Understand your rights and how to make educated decisons about your credit. FTC Credit & Loan.
  4. Make a budget and stick to it. By planning ahead you can anticipate expenses and start saving up for emergencies.
  5. Monitor your credit score. There are some credit cards that offer this with their cards as a free service or there are ways to buy access to your score. We know of one web-site, creditkarma.com that gives you an estimate of your credit score based on what is in your credit report for free. The one drawback about this site is that it is full of advertisements.  

Just remember, good credit takes time and doesn't happen overnight, but with conscientious effort and planning ahead, it will come.

When you are ready to buy a home or have questions about how to buy a home, give us a call. We would be happy to discuss with you your goals and how to make your goals a reality.

Contact Erna and Petur Sigurdsson, Realtors at The Viking Team, Realty at 321-263-5096 for help buying or selling a home in Longwood, Lake Mary, Altamonte Springs, Sanford, Seminole and Orange County and the surrounding areas of Central Florida. To Search For Homes For Sale in Central Florida Click Here. 

6. A long-term growth state.

by Petur Sigurdsson, Realtor

Long-term economic and demographic trends continue to favor Florida. By 2010 it has been forecast that Florida will be the third most populated state in the country. Florida’s population is expected to increase about 75 percent by 2030. Florida has been one of the 10 fastest-growing states in the U.S. for each of the past seven decades, and often it has been in the top four, according to census data. Population growth will continue to provide a foundation for other economic growth such as new jobs and growing incomes.  All of which is good for Real estate.

Contact Erna and Petur Sigurdsson, Realtors at The Viking Team, Realty at 321-263-5096 for help buying or selling a home in Longwood, Lake Mary, Altamonte Springs, Sanford, Seminole and Orange County and the surrounding areas of Central Florida. To Search For Homes For Sale in Central Florida Click Here. 

2. The time is Right.

by Petur Sigurdsson, Realtor

Here is reason number 2. Why you should buy a home in Florida today.

Home sales volumes are rising again – a clear signal that today’s “buyers market” may be changing soon. In third quarter 2008, statewide sales of existing single-family homes were up 5 percent compared to the same period last year, according to FAR statistics.  The sale grew a little more in Central Florida.

Contact Erna and Petur Sigurdsson, Realtors at The Viking Team, Realty at 321-263-5096 for help buying or selling a home in Longwood, Lake Mary, Altamonte Springs, Sanford, Seminole and Orange County and the surrounding areas of Central Florida. To Search For Homes For Sale in Central Florida Click Here. 

BLOG, BLOG, BLOG AND MORE BLOG.

by Petur Sigurdsson, Realtor

Pictur by Jim WarrenEveryone is telling me that I have to Blog!  And I tell them that is what I have been doing.  And they tell me it is not enought to Blog in Iceland, you have to Blog on your website too.  Ok, no problem that is what I will do.  So I have been wondering what should I Blog about and how should I Blog about it?  Listening to my customers, the most common question that is asked is: When will the market turn around?  Well if you could give anyone a definite answer and be sure that it would be right, I would most likely not be here.  I would have a much higher paying job, most likely on Wall Street or in Washington.  You see with all the predictions of the entire economists in the Country I haven’t heard one that can tell us that definitely.  But it seems if we add everything they say together divide by two and that take the average of the sum, the most likely answer is around mid or later half of the year 2009. 

But the thing is; it is hard to stop an avalanche or a herd of wild horses after they start moving and it seems to be impossible to predict where everything will stop.  Like I told one customer, I don’t expect prices to go much lower than they are today.  They are already below building cost!  Well I was wrong they are still inching lower.  But one thing is for sure: It has never been better to buy than now, prices below building cost and interest rates below 5%.  Yes this is the Buyers Market of All Times.

 

If you are interested in seeing my Icelandic Blog then just follow this link:  http://fasteign.blog.is/

 

Contact Erna and Petur Sigurdsson, Realtors at The Viking Team, Realty at 321-263-5096 for help buying or selling a home in Longwood, Lake Mary, Altamonte Springs, Sanford, Seminole and Orange County and the surrounding areas of Central Florida. To Search For Homes For Sale in Central Florida Click Here. 

Displaying blog entries 1-4 of 4