Ten Tips For Selling Your HomeWritten by Steve Gillman
One of biggest mistakes people make when selling a house, is not understanding real estate value. It doesn't matter at all what you think your home is worth. The value of your home, and any improvements you made, is determined by buyers. What you enjoyed about your house is irrelevant when it's time to sell it. Think in terms of what other people want, and use some of following tips.House Selling Tips 1. Know your market. Find out what other similar houses have sold for, and have those examples ready to show potential buyers. 2. Decide on your minimum price - price below which you will just not move. Don't tell your agent what this minimum is, but work with any buyers who make an offer above it. 3. Clean most visible things first. Buy a new mailbox, perhaps. If buyers fall in love with house before they even enter it, they'll forgive a lot of problems. 4. Clean up neighborhood. If there's a neighbor who's yard is a mess, give their kids $10 to pick up yard. Spend another $20 to put flowers in any common-areas, and buyers will have a better first impression of neighborhood. 5. If you or your agent aren't getting many calls, find out why. Is more advertising necessary, or is price too high? Drop it fast, if price is problem.
| | New Bankruptcy Law – Targeting the Wrong People?Written by Charles Essmeier
Last April, President Bush enthusiastically signed into law oddly-named Bankruptcy Abuse and Consumer Protection Act. This bill, representing biggest overhaul of bankruptcy law in twenty-five years, was written in order to discourage “bankruptcy of convenience.” Proponents of bill, which included credit card industry, say that bill is necessary in order to stop an avalanche of bankruptcy filings by drug users and compulsive shoppers and gamblers. The law makes it harder to have debts wiped away, requires credit counseling for those considering bankruptcy, and holds attorneys responsible for paperwork errors by their clients in bankruptcy cases. The net result will probably be chaos, as fewer attorneys will handle bankruptcy cases, credit counselors will raise their fees, and more consumers with problem debt will be clueless as to what they should do next. Adding to confusion are some new statistics that suggest that a large number of bankruptcies that are thought to be personal are actually business bankruptcies. As a result, new law may be unfairly targeting consumers for punishment when they are not actually biggest part of problem. Worse, it could be harming small businesses.
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