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Commercial Real Estate in Key West & the Florida Keys by RE/MAXCommercial Real Estate in Key West & the Florida Keys by RE/MAX

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The Three Best Ways To Improve Your Credit Score

You need good credit to obtain just about everything in life – a car, a home, and sometimes even employment! It doesn’t take much to cause a score to drop, but fortunately, there are many ways to improve a credit score as well. Understanding the basics of what a credit score is comprised of can help, but the main thing you need to improve your score is a bit of time and patience. Those things are sometimes hard to come by when you’re feeling under pressure, but they pay off dividends in the long run.

The Three Best Ways To Improve Your Credit Score

  • Pay all your bills on time, every month.
  • Keep a low debt-to-credit ratio.
  • Have a variety of loans, but don’t acquire them too quickly.

It’s not rocket science, but in the hustle and bustle of daily life, it becomes easy to let a payment slip by unnoticed by you. Your lender definitely notices, though! To avoid this, you can set up scheduled payments through your bank, usually for free, and that way you don’t have to worry about anything other than making sure you don’t overspend so that you have the funds available when they are drafted.

Debt-to-credit ratio is a “major impact” factor, but most people are wholly unaware of it. To break it down easily, it is how much credit you have spent compared to how much you actually have. For instance, if you have a credit card with a $15,000 limit, and you’ve charged all $15,000, you have 100% debt-to-credit ratio, and that isn’t good for your credit score. That also means you’re paying a ton of interest each month if you’re paying only minimum payments. The magic formula is to keep your ratio at less than 30% – so if you have a credit card with a $15,000 credit limit, don’t carry a balance of more than about $4,000, and less than that is even better. Its optimal to pay off your credit card every month. If you do pay off a credit card, don’t close it. Leave it open, because that available credit still shows on your credit report, and counts greatly in your favor.

Lenders also like to see that you can handle a variety of loans (auto, mortgage, credit card, student loan) but don’t acquire them all at the same time. That will be difficult for you on a personal level, but it will also lead to a bunch of inquiries into your credit, which can drop your score.

Hot Key West Business Opportunities

6440 Maloney Avenue $12,000,000

6440 Maloney Avenue Stock Island, Florida

9,418 SqFt

1622 Overseas Highway $9,900,000

1622 Overseas Highway MARATHON, Florida

3,400 SqFt

59073 Overseas Highway $7,990,000

59073 Overseas Highway MARATHON, Florida

2 Beds 22,069 SqFt

919 - 921 Duval Street $3,995,000

919 - 921 Duval Street KEY WEST, Florida

9 Beds 6 Baths 4,173 SqFt

3574 Overseas Highway 1-7 $3,750,000

3574 Overseas Highway 1-7 MARATHON, Florida

5 Beds 5 Baths 8,413 SqFt

99304 Overseas Highway $3,700,000

99304 Overseas Highway KEY LARGO, Florida

7,651 SqFt

1100 Indies Drive S $3,400,000

1100 Indies Drive S Duck, Florida

4 Beds 4 Baths 3,402 SqFt 0.290 Acres

1124 Labat Lane $2,450,000

1124 Labat Lane Cudjoe, Florida

4 Beds 4 Baths 2,693 SqFt 0.160 Acres

217 La Paloma Road $2,445,000

217 La Paloma Road KEY LARGO, Florida

4 Beds 3 Baths 2,784 SqFt 0.210 Acres

100150 Overseas Highway $2,400,000

100150 Overseas Highway KEY LARGO, Florida

2,436 SqFt

909 Frances Street $2,150,000

909 Frances Street KEY WEST, Florida

3 Beds 3 Baths 1,728 SqFt 0.040 Acres

19269 Bad George Road $1,650,000

19269 Bad George Road Sugarloaf, Florida

6,205 SqFt

8349 Overseas Highway $1,499,000

8349 Overseas Highway MARATHON, Florida

2,179 SqFt

188 La Paloma Road $1,400,000

188 La Paloma Road KEY LARGO, Florida

3 Beds 2 Baths 1,392 SqFt 0.150 Acres

372 Mahogany Drive $1,350,000

372 Mahogany Drive KEY LARGO, Florida

4 Beds 3 Baths 1,661 SqFt

Are You Looking for Commercial Property in the Florida Keys?

Use our site to search commercial real estate in Key West and all of the Florida Keys. Unlike the “big name” sites out there, our site is directly connected to our local MLS and is updated with new properties every HOUR. By creating a Property Manager account you can stay on top of the newest businesses that go up on the market and get Price Change alerts so you can stay ahead of other buyers and beat them to the best deals!

In the meantime, check out these 1-click searches:

  • All Businesses for Sale
  • Office Buildings
  • Hotels, Motels & Bed & Breakfasts
  • Bars & Restaurants
  • Marinas for Sale in Key West
  • Investment Properties
  • Business Opportunities

Newest Key West Commercial Properties on the Market

Great opportunity to buy into a well established niche business in the Lower Keys with options for expansion as well as consistent income based on current business. Big Pine Bicycle Center has been in business for 29 years and has experienced exponential growth since 2019. A state of the art e-bike ordering system, large showroom, inventory on hand and even a delivery truck come with the sale of the business! Don't miss this opportunity!Business Opportunity Only - No real estate included- property is rentedPlease do not walk property or disturb business! $339,000 Active

31 County Road Big Pine, Florida

2 Baths 2,375 SqFt

Commerical space 1177 square feet under roof which includes an outdoor storage room in the gated storage yard. This additional paved gated outdoor space is 1104 square feet with enough off street parking for 3-4 cars or equipment storage  in the gated area. Perfect for contracting company or a company with delivery cars. Was a plumbing company for years. Rare find with indoor office and outdoor storage/parking. Loading zone in front business for your convenience. Other suggested businesses bicycle rental, moped rental, or electric cars. Monthly CAM $400 for taxes and insurance. includes water, electric and sewer. There is a $300 cap on electric. The tenant would be responsible for anything over $300. $4,708 Active

917 Frances Street A KEY WEST, Florida

2 Baths 1,177 SqFt

A very rare offering of a 9-unit, full market rate, multi-family building in Old Town Key West.  The nine units are spread over three buildings on a lot of just under 8,000 SF.  There are five 1bd/ 1ba units, two 2bd/ 2ba units, and two 2bd/ 1ba unit.  All units are significantly below market rent.  The property is perfect for employers looking for staff housing, a 1031 Exchange investment opportunity, potential condo conversion or single-family estate.  Advanced notice is required to show the units and not all units may be available at once to show.  This one won't last! Zoned HHDR $3,995,000 Active

818 Elizabeth Street KEY WEST, Florida

13 Beds 11 Baths 5,317 SqFt

Fantastic lease opportunity for your business in one of the best locations in Key West downtown next to Mallory Square & Sunset Celebration, Custom House Museum, Mel Fisher treasure Museum, Key West Aquarium, Tourist Information Centre, and nearby resorts like the Opal Hotel, Ocean Key and Pier House and other hotels. High traffic location with cruise ship passengers and tourists using the old town train & trolley stationed right across the street! Ground level storefront with large display windows and approximately ~1250 sf of retail space with an additional ~900 sf of space that could be combined next door for a total of ~2150sf . In addition to the monthly base rent quoted, tenant pays NNN fees plus sales tax. $8,300 Active

308 Front Street KEY WEST, Florida

1 Baths 9,411 SqFt


View ALL

Posted in: Business Loans, Buyers Tagged: Credit, Credit Score, Debt To Credit Ratio, Improving Credit Score, Loans, Paying off Credit Cards

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Key West Office

RE/MAX ALL KEYS REAL ESTATE
305-296-1400 Office

Business Address:
517 Duval St Suite 200, Key West, FL 33040

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RE/MAX ALL KEYS REAL ESTATE
305-451-0060 Office

Business Address:
98880 Overseas Hwy, Key Largo, FL 33037

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RE/MAX Advance Realty
305-444-7111 Office

Business Address:
7220 Red Rd., South Miami, FL 33143

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AREAS WE COVER:

33040, 33043, 33042, 33050, 33036, 33037
Key West, Stock Island, Big Pine Keys, Marathon, Islamorada, Key Largo

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