Make Sure You’re Protected This Tax Season

 Tax season is here and I’ve brought in our preferred lender, Peter Wease, to give you some tips on how to avoid any scams or tax fraud.

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It’s tax season! To make sure your refund dream doesn’t turn into a tax fraud nightmare, Peter Wease, our preferred lender from Fairway Independent Mortgage, has three tips for you. First, file your taxes early. File your taxes before anyone has a chance to steal your information to file for you and collect your refund. Second, get a free copy of your credit report. Go online to TransUnion, Experian, or Equifax and they will send you a free copy of your credit report. If you see anything odd going on, make sure you report it immediately.

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If you see anything weird on your credit report, make sure you report it immediately.

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Finally, get a security freeze put on your credit account. This way, whenever something unusual happens with your credit, the account will freeze until you can review the information and unfreeze it. If you have any further questions for Peter about protecting yourself this tax season, you can reach him at petew@fairwaymc.com or 503-765-1173. As always, if you have any questions for me, please feel free to give me a call or send me an email. I look forward to hearing from you!

4 Tips to Crafting the Best Possible Offer on a Home

 If you’ve found the home you want and are ready to make an offer, here are four tips that will make that offer shine.

Selling your Portland home? Check out our free home value report

Buying a Portland home? Search all homes for sale

If you’ve found the perfect home and you’re ready to make an offer, here are four tips to make your offer stand out and ensure that you get that perfect home. First, understand what you can afford. Work with a well-known lender who’s highly qualified so they can make you look as solid as possible on paper. You also want to know from them what your big-picture financial situation looks like so you can know what loan programs are available and you can prepare for any future updates or repairs on the home. Secondly, act fast. A balanced market is considered to have six months’ worth of inventory. In Portland, we have 1.3 months’ worth of inventory. Our market is very competitive, so once you find a home, you must move forward under the guidance of your agent as quickly as possible.

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Our market is very competitive, so you must move quickly.

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Third, make sure your offer is solid. Don’t make a lowball offer. Instead, have your agent look through a list of comparable properties in the area and what they have sold for so you can make a good offer. Another thing you could do is write a letter to the seller telling them all about you, your family, what you plan to do with the home, and any other information of that type that might ingratiate yourself to them. You could also have your agent dig further into the motivations of the seller to find out if there is some need of theirs that you can satisfy. Finally, be prepared to negotiate. After you submit an offer, you will probably receive a counter offer, and you need to be prepared to respond. This is another instance where being pre-approved up front is crucial—you know that if you have to raise your price a little bit, you can. If you have any questions about this topic or there’s anything else we can help you with, please don’t hesitate to give us a call or send me an email. In the meantime, make it a great day! If you have any other questions, please feel free to call me or send me a quick email. I’m here to help!

How Does Your Credit Score Impact Buying Power?

 Can you buy a home in Portland with low credit? The answer is yes, but there are a few steps you’ll need to take first.

Selling your Portland home? Check out our free home value report

Buying a Portland home? Search all homes for sale

Some people aren’t aware of how important their credit score is when it comes to purchasing a home. A credit score needs to be high enough to qualify for the loan program they are trying to get approved for. So can you buy a home in Portland with a low credit score? The answer is yes. From about 2000 to 2007, basically all you would need to do to get a stated income loan was tell your lender what you made without having to prove it and they wouldn’t do a credit check. Luckily, those are no longer available. People now have to be qualified for a home, and credit scores are key in getting that done.

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Your credit score plays a huge role in if and how you qualify for loan programs.

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We want to get you started by connecting you to the right people. We work very closely with Fairway Independent Mortgage, specifically Pete Wease, and we would love to refer him to you. Pete will sit down with you and discuss the many programs available and take a look at your score. If your score is low, he will help you figure out a strategy to bring it up and in turn get you a better interest rate. To reach Pete, you can call (503-267-6391) or email him at petew@fairwaymc.com. There are so many different loan programs that you can take advantage of as well. There are low money down programs, some grant programs with no money down, and conventional loans with still historically low interest rates. Your credit score plays a huge role in if and how you qualify for those loan programs, and Pete and I want to make sure we can get you prepared to take action in the spring market. If you have any other questions please feel free to call me or send me a quick email. I’m here to help!