There are (at least) two sides to every transaction. Normally, this blog covers buying homes, but if you’re buying one, you may be looking to sell one, too. And if so, you probably want to get the best price. U.S. News & World Report just published a list of 9 things that can detract from your selling price. Unfortunately, some of them, like location, are not things you can change. But many of them are. So, if you’re looking to sell a house, it’s worth checking out the list, and modifying the things you can, in order to maximize your price.
First things first: two forms instead of four. The old Good Faith Estimate, HUD-1 Settlement Statement, and two Truth-in-Lending disclosures are being replaced by a Loan Estimate and a Closing Disclosure, effective October 3rd. Even better, the forms are both standard, and part of every mortgage transaction, so it becomes much easier to compare apples to apples. U.S. News & World Report goes into a lot more detail including impacts on the industry, potential effects on closing time, and some things that you’ll get to see for the first time ever.
This blog is mostly about all things home related — from mortgages, to the housing market, to ways to keep your property in shape. But let’s face it: it’s summer! “And so with the sunshine and the great bursts of leaves growing on the trees, just as things grow in fast movies, I had that familiar conviction that life was beginning over again with the summer.” F. Scott was right, life is beginning again. And in case you’re sitting here, already a third of the way in, without a proper plan for escape, here are 15 Summer Destinations That Will Make You Forget All About Home.
It might just be that the weather this year is keeping the housing market from being hotter than it already is. It’s not just about whether you can apply a fresh coat before putting your house on the market — it’s about construction. As Sherwin-Williams announced weak earnings, the CEO explained that a lot of it has to do with the rain. With record rainfall in May, June, and July in many states, construction is lagging. As this blog reported, residential permits are up 25% year-over-year; however, actual residential starts are only up 5%. Maybe the market would be even hotter if it weren’t so damp.
It’s still only July, so we still have quite a few hot days ahead of us. That’s good news for those who enjoy fun in the summer, but we should also take a minute to refresh ourselves on some common dangers and how to avoid them. The National Safety Council provides some good, basic tips that everyone should follow. It may be a little late for their “practice firework safety” advice, but “how to beat the heat” and “water safety for kids” are still particularly apropos. Go out, have fun, get a tan, but stay safe this summer!