Smart Tips

Smart Tips

Should You Have A Real Estate Agent When Buying A Home?

If you’re looking to purchase a new home, then you may have considered partnering with a licensed real estate agent. You’re not among the few, considering 88 percent of homebuyers enlist the assistance of an Apopka Realtor. Most builders and buyers find it the best decision to deal with a real estate agent to make the process easier. In fact, it’s typically expected that a buyer have an agent before the purchase of any home.

Purchasing A New Home

Buyers who are looking to make a purchase on newly constructed homes may feel like enlisting a Realtor is unnecessary. New home project sales people are a great resource to help anyone understand the project. However, your Realtor will be able to help you find the best deal whether it is a resale or newly constructed. The builder’s sales person represents the builder’s best interests not the buyer’s! Anyone new to the real estate realm can easily be overwhelmed with options and pricing. Your Realtor will be able to represent you and negotiate with any builder to develop your dream home at a reasonable price.

Let an experienced professional advise you where to look for your new home. They are able to help you find the house you envisioned, while keeping you in price range!

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The Michelle Chase Real Estate Team services Apopka, FL and the surrounding area.

Smart Tips

5 Ways to Put Money into Your Savings

Finding ways to start a savings account nowadays seems like an almost impossible task. It can be done, with a bit of work and creativity. Here is a review of five ways to find money for your savings according to the Federal Trade Commission.

The first step is to have a clear idea of how much money you are bringing in and the amount you are spending. First create a list of your income sources, such as weekly paychecks, odd-jobs, or money from hobbies. Second make a list of your fixed monthly bills such as mortgage, electricity, and cell phones. Last write a list of other expenses such as gifts, haircuts, clothing, and your daily latte on your way to work. Small purchases can add up. These lists will give you a picture of where your finances are at.

The second step is to pay yourself first each paycheck. To make this easier set up an automatic deduction from you paycheck into a payroll savings plan, or an automatic transfer from a checking account into your savings. This step creates a routine for you to add money to your savings. This will increase your earnings quickly.

The third step is a bit formidable, don’t let that concern you. It’s doable. It just takes a bit of learning about compounding interest. According to The Federal Trade Commission compounding interest is “the interest you earn on your initial investment plus all the interest that accumulates over time.” In interest accounts there are simple interest and Compounding interest. Simple interest is when you earn interest on your initial investment only. Compounding interest is the better choice. Yup, it’s that easy.

The fourth step is finding “Extra” money. As an example, when you get a raise you can take that “extra” money from each paycheck and have it go into your savings. Or when you pay off a credit card debt you can take the monthly payment you would have made and have that go directly into your savings. To make it easier, you can have these payments automatically transferred from your checking account to your savings.

The fifth step is about being creative in ways to save money. Any money you save can go into your savings account. Some unique ways to save include having local beauty school students do your hair. They will often do this for free or at a reduced cost. Your local library has free books, music and DVD’s you can borrow. Bartering is another possibility. You have skills and items that people need, and people have skills and items you need. It’s all free and fun.

Starting a savings can be easy with a little thought and a bit of work. Go ahead and enjoy your latte on the way to work, just do it once a week as a treat. With this simple step you could be saving yourself over fifty dollars a month. That’s fifty dollars a month that can go directly into your savings account to pay off important things like student loan debt.