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MBA Urges Regulators To Avoid Invoking Suitability Standards
The Mortgage Bankers Association (MBA) recently made a preemptive strike against what it obviously perceives as the next threat against the mortgage industry - "suitability standards."
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Different ways to spruce up a sale
By Justin Hunter
Since the beginning of 2006, the housing
market has completely turned its back on home sellers.
What used to be as easy as calling a Realtor and waiting
for the sale to be finalized within the month, has now
become a game of wits. Who can outsell who?
There are numerous articles available over the Internet
that provide tips on how to appeal their home to potential
buyers with scented candles and professional paintings,
but the main thing that matters is the condition and
appearance of your property.
Servicemagic.com posted the article; “Increase
Curb Appeal to Sell a Home,” which provides essential
keys towards making sure you home is not bypassed by
potential buyers.
“Chances are that potential home buyers will drive
by at least once when making the decision. It is a fact
that increasing your home's curb appeal will decrease
the amount of time it takes to sell your home.”
It is important to have a welcoming and visible entrance.
To help ensure you have a clear entrance to your home,
you may want to have an objective person approach your
front door to see if negative things are noticed.
First you want to make sure that the address numbers
are hanging right-side-up and in plain view, not hidden
by bushes. Next you want the objected person to let
you know if the door needs to be painted or replaced,
if the doorknob is polished and doorbell is working
and if the railings are sturdy without any paint chipping.
“A clean and neat exterior will let the potential
buyer
know that you have kept the house in good repair. Hire
a window-washing service to professionally clean windows
and clear away cobwebs and debris.”
“A main concern for most homebuyers is the condition
of the roof. No one wants to buy a house that might
need a costly new roof in only a few months. Hiring
a home inspector will help identify potential problems,
like leaky roofing, that could interfere with the sale.”
Along these same lines, you will want to make sure that
your gutters are not rusty and hanging off the roof
and the siding is not chipping nor has a negligent appearance.
These areas (roof, gutters, siding) are critical to
be kept clean and looking new, otherwise potential buyers
will wonder how hard-to-see areas of the house have
been maintained throughout your stay.
Now, on to the yard and landscaping.
“Potted plants and a few decorative items will
add some character to your home's exterior, and help
make your home pleasing to visitors. Well-tended flowerbeds
and neatly pruned landscaping
will also give a positive impression.”
You may want to consider hiring a professional
landscaper to make sure the grass looks appealing with
no weeds and that areas where your kids play are not
eyesores.
It is also very important to remember that potential
buyers will also drive by at night.
“A well-lit exterior will make your home
look welcoming and lived in from the street. Leave a
few lights on inside the house to give a warm glow from
the exterior.”
So sweep those steps, hide that garbage and wait for
your house to become someone else’s home.

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