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We offer the Coldwell Banker Seller Services Guarantee with every listing. The Seller Services Guarantee commits us to a high standard of performance, gives you confidence in our services, helps you know exactly what to expect, and sets Coldwell Banker Deep Creek Realty apart from the competition! The Coldwell Banker Seller Services Guarantee describes the full service of Coldwell Banker including Marketing, Customer Service, Financing, Counseling Services, and Contract Guidance. We guarantee that we will perform these services as part of your exclusive listing contract.

Tuesday, February 14, 2012

Be Financially Prepared to Buy a Deep Creek Lake Home!

As the team here at Coldwell Banker Deep Creek Realty, we appreciate you taking the time to stop by our blog!  It could be that you’re considering buying a home on Deep Creek Lake in the near future and are seeking out more information about the current Deep Creek Lake Real Estate Market or are looking for a Deep Creek Lake Real Estate agent.  No matter what brings you here; we’re glad you’re taking a few minutes to research before diving in to buying a Deep Creek Lake home.
In fact, in our years of experience, we’ve seen first hand how doing research and being fully prepared prior to beginning your home search can create the best home buying scenario.  One of the ways you can begin to prepare for buying a home on Deep Creek Lake is to make sure your finances are in order.  This is especially true if you’re considering buying a second home as a vacation getaway on Deep Creek Lake!  Taking on a second home is a large decision and one for which you want to be fully prepared.
Below are six great tips you’ll want to take a few minutes to review that will help you get on the right track with your personal finances.  As always, our goal is to provide our clients with the pertinent information they need in order to be successful in the Deep Creek Lake Real Estate market, and these are tips you won’t want to miss!
1. Check your credit report and fix any errors- Did you know that by law, you have the right to a free annual credit report?  This is something you’ll want to take advantage of as it allows you to review your report and correct any errors or outdated information.  If you do happen to find a mistake, you’ll be able to contact the corresponding credit bureau to discuss the discrepancies. 
2. Review your budget- Reviewing your monthly budget is imperative before buying a Deep Creek Lake home, especially if you’re investing in a second home.  You’ll want to know exactly how much money you have to work with each month and can cut any unnecessary expenses if needed.  Buying a home is a large financial decision so allowing yourself to cut down frivolous expenses in order to save more is wise.
3. Review your monthly withholdings- You may find that, by reviewing your monthly withholdings, you’re able to save more money or have more cash on hand.  Before you make any changes to your withholdings however, you will want to talk with your trusted tax advisor so you’re not stuck with owing extra money to the IRS at the end of the year. 
4.  Review your financial emergency plan- Having an emergency financial plan is almost essential before buying a home.  Most financial advisors would recommend having at least six months worth of expenses saved in case of emergencies.  Not only will this give you peace of mind, but it can provide a solid financial base that you can continue to build upon.   
5. Sign up for paperless statements- Being surrounded by the beautiful scenery on Deep Creek Lake can be a constant reminder to care for our environment! While seemingly insignificant, signing up for paperless statements and paying your bills online will add up over time and can save countless trees.  
6.   Consolidate accounts- While it can be useful to have various accounts open with your bank for savings, an emergency fund, or other financial goal, it can also get tricky to keep track of which part of your paycheck is going where.  If you are finding it difficult to keep juggle these separate accounts; it’s time to consolidate. Of course you’ll want to check with your financial institution prior to ensure there aren’t any fees for canceling an account, but taking this step can keep your finances better organized. 
While some of these tips may seem like small changes, they will help ensure you’re organized, in control and completely ready to begin searching for your dream home on Deep Creek Lake.  We want you to have the best experience possible as you search for and buy a home on Deep Creek Lake, and we’re here whenever you’re ready to get started!
We would love to help you find your new Deep Creek Lake home and settle in to the Deep Creek Lake lifestyle that so many enjoy!

Patrick Kane
Sales Manager/Co-Owner
Coldwell Banker Deep Creek Realty
Your Deep Creek Lake Real Estate Expert

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