S P E C I A L S E C T I O N : R E A L E S TAT E
bathrooms are easier to satisfy a wider range of buyers’ desires
for luxury, but be sure to keep the colors neutral.
9. SELLING: Don’t spend earnest money!
Many sellers make the mistake of depositing and spending
earnest money before closing day. If the transaction doesn’t go
through or the buyer pulls out due to repair issues, it is up to
the seller to return the cash. It is recommended to have a real
estate agent or broker hold the deposit. Most buyers’ earnest
money will be held in an escrow account until the closing day,
allowing the money to remain untouched by either party.
10. SELLING: Consider names and numbers.
sell your home, rather than being forced to sell it due to job
relocation or financial distress, will be the biggest determinant
of whether you will see a solid profit from your investment.”
8. SELLING: Will renovating always
increase my resale value?
Make conscious decisions when renovating your home.
While newer will entice potential buyers, be cognizant of what
rooms you update and how you do it. An updated kitchen
will increase the value of your home, but be sure to appeal
to a wide range of tastes. A good place to start is with the
appliances. Realtor.com states that homes with stainless steel
appliances sell 15 percent faster than those without. Updated
Just when you think you’ve checked all the boxes for an
easy sell of your house, take a second look at your address.
According to Zillow, street names and house numbers matter!
If you happen to live at 666 Fanny Hands Lane, you may be
out of luck (however that particular street is in the United
Kingdom, so you should be safe). Innuendo-laden street
names tend to not sell as quickly as something like Thunder
Road, for example. American numerology says that 666 is
bad luck and could decrea se the value of your home by 2 to 3
percent. Also, steer clear of the number 4, considered unlucky
in Chinese culture. Stick to the number 8, or include the lucky
digits 316 in your asking price! n
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