11399 Spyglass Hill Circle #8B Anchorage, Ak 99515
Condo in Private culdesac setting in South Anchorage. Open, flowing & spacious floorplan. Soaring vaulted ceilings, dramatic, architectural design, main level master with big walk in closet. Big open kitchen with updated appliances and breakfast bar. Living area with gas fireplace and tile surround.
3 Bedrooms, 1.75 Baths, and 2 car garage
Directions: S on Old Seward, past O'Malley, make L on Klatt, L on Cornelia and veer R into condo project.
Things happen, life happens, mistakes happen and your credit score is usually affected. A credit score is very important when trying to get financing for a home loan. Think of your credit rating as your financial report card or GPA. The higher your score the more credit worthy you are. Many, many things can affect your credit score negatively, such as late payments, overusage of credit line, and bankruptcy.
If you are in the market for a home in the near future or even next year, keep in mind that most lending institutions require a minimum score of 620 right now. However, if your credit scoresis below 620, don't despair, there are ways to repair a damaged credit score.
Before I list the different ways to repair your credit score, I want to warn you of scammers that may promise you that they can raise your credit score overnight or in two short weeks. You can fix your credit score yourself through these methods:
1. Print a free credit report from Annualcreditreport.com so you can find out exactly what is going on with your credit. It's important to know if there is something fraudulent going on or if there is a mistake on your credit report. If you discover incorrect information on your credit report, contact the three credit burueas immediately to resolve the issues. This alone can raise your credit score quite a bit. Some things you might want to look for are: accounts that you didn't open, a balance showing on a debt that you've already paid off, etc...
2. Get your accounts current- If you have any past due accounts that are legitimately yours, it's important to bring these up to date. Your payment history accounts for a big chunk of your credit rating. If you are having trouble making payments, call the debtor to set up a payment plan.
3. Get your credit usage ratio in check- Your credit usage based upon your available credit accounts for about 30% of your credit score. Try to keep your ratios at 50% or less, 30% is ideal. Pay down maxed out credit lines and work on getting the debt below 50% of the available credit. With the economy and credit card companies changing rules so rapidly nowadays, this is more important than ever. Many credit card users are seeing their credit lines slashed in half so this bit of advice can be hard to accomplish right away, but it can be done!
4. Don't close out your credit lines- After paying down your credit cards, it's important that you don't close them out. The open credit lines can help with your ratios, especially if you have a long credit history with that card. The longer you have a credit line open, the more valuable it is to your credit rating.
5. If you do not qualify for a loan or credit card, open a secured credit line- A secured line of credit is usually a credit card that can be issued by your local bank with a credit line that equals the amount of money you have set in an account at that bank. This protects the bank, if you happen to not make your payments. Your deposit will secure the loan for you. Why is this important? You need some type of good credit to raise your score. Think of a see-saw, you have negative credit on the one side weighing that side down, you will need about that much good credit in order to bring the see-saw into equilibrium.
If you have bad credit right now, utilizing these 5 steps will take your credit score to the next level. I've seen people implement these steps and purchase a house, all within 6 months. Don't let a damaged credit score stop you from ever owning a home. Call Vanna for more information about the Anchorage Real Estate Market 907-720-4663
Thank you for taking the time to read my Blog.. Visit my at HomesByVanna.com for more real estate information or to search the Alaska MLS...
Vanna Siackhasone, Anchorage Real Estate Specialist, 907-720-4663
Homeownership is a pivotal point in most people's lives. Buying a house is a big investment and takes a lot of time, thought, and preparation. A huge factor in whether someone will be able to buy a home is their credit score, also known as creditworthiness. Nowadays, if a person doesn't have a credit score of at least 620, the banks will not touch them.
In order to be prepared for the steps to become a homeowner, be knowledgeable of your credit rating so you can make improvements before you start the home search.
Some things that affect your credit score:
1. Bankruptcy
2. Late or missed payments- this is an indicator to lenders of how responsible you are with paying your bills. Get them paid on time!!!
3. Overusage of available credit- try keeping your balance (credit cards & consumer loans) 50% below the available credit line.
4. Periods of unemployment
5. Length of time you've been building credit- the longer you've been using credit, the higher your score will be
There are other factors that might affect your credit score but if you can pay attention to these points, and avoid some of these mistakes, you'll be on track to homeownership before you know it!
If you are trying to sell your house in today’s market, it’s important to present your home in the best light possible. Sellers can boost the sale-abilty of their home and still stay within a budget. A full remodel or renovation can cost thousands of dollars and is usually not cost effective. Sellers almost never recover the full amount of a remodel in a home sale.
For budget-conscience home sellers, these few things will boost the sale-ability of your home, and hopefully, get it SOLD:
1. Eliminate Clutter- A nice and tidy house will seem larger. You want your home to be in the best shape possible, at anytime, for potential buyers to view.
2. Paint interior- A new coat of paint can freshen up the inside of a house. Be sure to patch up any holes, no matter how small, before starting the paint job.
3. Clean the carpet- Whether you hire a professional or do it yourself, a freshly cleaned carpet will have the best effect on buyers.
4. Change knobs and light switches- If you have outdated door knobs, cabinet hardware, and light switches, these inexpensive changes can go a long way.
5. Shovel the walkway- It’s important that potential buyers can get into your home easily. In Anchorage, Alaska, we tend to get a lot of snow that sticks around until late spring, so it’s important to clear a path for buyers to get into the house.
6. Stage your home- A staged home usually sells faster than an un-staged home. Staging will emphasize the best aspects of your home. A staged home gives potential buyers a sense of warmth and it helps the buyer(s) envision themselves living in the house.
Have you ever heard the saying, “First Impressions are Most Important time to make your Mark?” Well, the same rule applies to your home.
If you have any questions or want more suggestions on how to get your home moving in the Anchorage Real Estate Market, call Vanna 907-720-4663
Fire in a Mountain View Apartment Complex has damaged six of the thirty units. Damage is estimated at around $30,000. According to ADN.com, the fire started in a bottom bathroom exhaust fan and made its way up three stories. At least 31 people were displaced, some of which will be housed by Red Cross of Alaska. Of the 31 displaced residents, many were children. Fortunately, no one was seriously injured.
Hats off to the Anchorage firefighters. They prevented the fire from going up to the roof, which could have caused major structural damage.
Vanna Siackhasone, Anchorage Real Estate Specialist, 907-720-4663
Anchorage will have a the chance to welcome President Barack Obama today as he stops in to talk to Alaska Troops. The Anchorage School District will be starting their rounds of H1N1 Vaccinations to students in schools today also.
President Obama will be giving a speech at the Elmendorf Air Force Base today some time between 12:20 and 3:25 today. During those times the FAA will restrict flights near the Elmendorf Air Force Base. President Obama will be taking off to Tokyo after his Alaskan visit. For a line by line of President Obama's speech, visit ADN.com.
The Anchorage School District will be vaccinating students today with the H1N1 flu shots. Students are required to have a signed permission slip from a parent so that the Anchorage School District's nurses can administer the vaccinations. The vaccinations come in two different froms- the nasal spray and the shot. According to a recorded message I got on my phone yesterday, the schools will have more of the nasal spray available than the shots. However, if students have an allergy to the spray and have to get the shot, that can be indicated on the Influenza permission slips that were sent home with children about 2 weeks ago.
Short sales are usually priced below market value because the properties need to sell, FAST. Short sales are usually in better condition than foreclosed properties since they are usually still occupied at the time of sale so the appliances and utilities are still in use.
I have a short sale listing that instantly had multiple interested parties. After going through the offers, the seller chose the highest and best offer, which was way above list price. Sounds great so far, yes?
Up to that point, short sales are easy. It's the part in dealing with the banks and mitigators that can be tough. The bank mitigators duties are totally out of Real Estate Agents' hands. Sometimes they say it'll take two weeks for a reply and they do not get back for 4 weeks. When buyers are dealing with short sales, it's crucial that they are prepared for this type of wait. If they are prepped for this, the wait won't seem so bad. Short sales are not your typical real estate transaction, that's for sure!
The lesson here is for short sale buyers to be prepared to wait because most times, the wait is worth it!
Obama signed the Home Buyer Tax Credit Extension and Expansion on November 6, 2009. The original First Time Home Buyer Tax Credit that was introduced in February was a $8000 tax credit for any one who had not owned a home in the past three years. The $8000 was based on the sale amount of a property. The refund is 10% of the purchase price, up to $8000. Any first time home buyer qualified for this if they found, bought, and closed on a home by November 30, 2009.
Now that Obama has signed the new and revised version of the Home Buyer Tax Credit, consumers are given an additional five months to complete their home purchase. Home buyers now have until April 30, 2010 to close and record on a home to qualify for the tax credit.
In addition to the extension, congress has also moved to expand the tax credit so that move-up buyers or second home buyers would qualify for a tax credit up to $6500, as long as they owned their previous residence for at least 5 years.
For more information regarding the tax credit, refer to the IRS website
The month of November is the start of the holiday season for many families in our great nation. By the time Halloween hits, a nostalgic feeling seems to settle in our hearts for the thoughts of many holdiays that have passed and the one yet to come. The holidays bring a sense of joy, and certainly some stress. During this holiday season, let us not forget the reason for the season.
First off, the reason we have Thanksgiving is because of a fellowship that occurred long ago between two different nations coming together in a time of need. It symbolized the giving of one's people to another. The simple act of breaking bread and sharing one's food started a holdiay tradition in which we remember the things that we are most thankful for.
As Realtors, we are thankful for the many clients that we are able to serve each year. My clients are the reason I am in this business. Being part of such a big decision in a person's life and being able to be a positive influence to a family is more than one can really ask for. Getting paid for it and seeing the gratitude on my clients' faces is just icing on the cake. Finding a job that one really enjoys is a blessing from the Lord.
I am thankful for the loan officers that make our clients' lives as easy as possible during one of the biggest decision-making times of their life. Loan officers have to deal with the prequalification, all the paperwork, and with their underwriters. Sometimes, they are the bearers of bad news. But most loan officers willl show you how to get on track to buying a home, if you don't qualify right away.
I am thankful for the closing officers that are behind the scene. They are crucial during the process, pulling together information from a few different sources in order to make Real Estate closings in a timely manner. At the signing, these escrow officers make their job seem so easy, but behind the scene they are pulling things together in just a few hours because all the information does not get to them until the very end and by that time, most people have to close within the day.
And lastly but certainly not least, I am thankful for my family. They put up with my crazy schedule and love me unconditionally. Family is such an important aspect of any carreer. All too often, Realtors get lost in the frenzy and busy-ness of our business and we forget the reason we are doing this. Our clients want to see a Happy, Joyful and Well Rounded Realtor. So let's give thanks and remember why we do what we do!
Vanna Siackhasone, Anchorage Real Estate Specialist, 907-720-4663
Anchorage Real Estate. Anchorage, Alaska is where I live, work and play. Anchorage is a city of approximately 170,000 people. Anchorage is a beautiful place to live.
The scenery and wildlife cannot be beat, the people are friendly, and where else can you hunt, mountain bike, hunt, hike, and fish less than thirty minutes away?
Call 907-720-4663 for all your Anchorage Real Estate needs.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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