Before Selling Your Home

Written by Sameer S Panjwani


Here are some important steps you should take before you put your house onrepparttar market:

1. Home Loan Approval for your next Home

You don’t want to be signing a contract to sell your house before knowing if you are qualified to buy another. Your financial circumstances may have changed since your last purchase and you may not qualify forrepparttar 112074 loan amount you seek. You’ll get a good idea of what you can afford by getting a pre-approval before selling your house. You may then takerepparttar 112075 decision of whether or not it would be reasonable to sell your house at this point of time or maybe consider renting something after sellingrepparttar 112076 house instead of readily buying another.

2. Determine Fair Market Value of your House

You’d want to getrepparttar 112077 best price off your property and inrepparttar 112078 quickest time possible. However, over-pricing your home will only limit your chances of selling fast and under-pricing may speed uprepparttar 112079 process but you lose out inrepparttar 112080 bargain. An agent or an appraisal service should be able to assist in determiningrepparttar 112081 fair market value of your home. Another way is judging by how much other houses in your neighborhood sold for. Irrespective ofrepparttar 112082 method, one must be used to determinerepparttar 112083 true and best value of your home to ensure it’s sold in quickest time possible.

Did You Let Your Piggy Bank Get Away?

Written by Cheryl Johnson


I think most of us have at some point in our lives. Some how we forget to feedrepparttar little piggy. And, like most neglected “pets”, your piggy bank will disappear if you don’t feed it. A personal budget is important to create financial independence and setting goals for feeding that “piggy bank” should be an important part of your budget!

The most successful financial plans allow you to INVEST IN YOURSELF! It just makes good sense. A plan to build financial security should always be considered essential to any budget.

Even if you’re on a plan to reduce debt, you need to include plans to build a foundation for future financial security. A good savings routine and variable expense account are essential to building a strong foundation for financial independence.

A variable expense allowance inrepparttar 112073 budget is important to save for those expenses that seem to “hit us unexpectedly”. Funny thing is, we know these expenses will occur. They are an inevitable fact of finances for most of us. So, why do we call them unexpected? I can’t explain why, but there are many of us who make this very BIG mistake in our budgeting.

Some expenses don’t occur monthly. Some are paid out every now and then, quarterly, yearly, or bi-monthly, or semi-annually. These are expenses like car insurance and maintenance, home insurance and maintenance, property taxes, income taxes, medical expenses (prescriptions, deductibles, co-pays), pet care, school expenses (supplies, trips, activity fees, books), and clothing. Some of these are huge expenses that can put a ripple in any good budget if not planned for.

Most of us have good intentions, but it’s easy to fall prey torepparttar 112074 credit card companies without a plan to cover all of these “unexpected” expenses. The term still makes me chuckle. I mean, don’t we “expect” to wear clothes? It’s even funnier to me knowing that I was guilty of this very thing. Poor Planning! Not expecting what should be expected.

Lesson ……….Don’t forget about this expenses in your budget. They will sabotagerepparttar 112075 best of intentions!

The other essential ingredient to a successful budget is a savings plan. A good savings plan should have a goal to reach at leastrepparttar 112076 minimum amount necessary for you to survive for a three to four month period. It may take time, but this a strategy that provides a fail safe against a financial crisis. Crisis such as serious illness or job loss.

Trying to save money by cutting your savings budget out will eventually backfire on you. It is essential to build financial security, in order to remain debt free, you must not compromise your savings expense.

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