S P E C I A L S E C T I O N : R E A L E S TAT E
Wake Up
in a
JT Thomas Home...
“Where Custom Homes are a Family Tradition”
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l
. C
9. SELLING: Don’t spend earnest money!
St
r
pe
Up
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.
Select Your Lot ~ Design Your Custom Home
Build Your Family Memories
Patty Thomas , Broker
Rebecca Lutz , Realtor
Wellington
724-731-0100
WellingtonRealEstatePA
www.
REAL
ESTATE
.com
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 decrease 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
IN THE MARKET TO BUY—IT’S A NUMBERS GAME
The real estate market is on the rise, and buyers are facing low inventory on affordable homes. Whether you are
looking to purchase your first home or in the market for a new home, it is crucial to get all of your numbers in order
before starting the search for a new home. Keeping these tips in mind will help make you an ideal buyer:
● The BIG 20…percent, that is. Most real estate agents will start to
take you seriously only after providing a pre-approval letter. If you are
thinking that a home purchase is in your future, start to look at your
finances. You’re going to need cash, and a lot of it. To avoid PMI and
paying additional fees on top of your mortgage, aim to put down 20
percent. If you have relatives or really great friends who are willing to
assist you in reaching the 20 percent mark, make sure you look at the
rules of receiving “gift money.” Many banks only accept up to a certain
percentage of your down payment to be gifted.
● What is FICO and why is 720 important? If you are in