S P E C I A L S E C T I O N : R E A L E S TAT E
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.
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
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