What Must Be Disclosed When Selling?

Depending on where you live, sellers will need to disclose information about the condition of your property to the buyer when selling a home. The disclosure statement provides the buyer with a better understanding of the home and its potential problems. It helps to show the buyer that there aren’t things they need to be aware of that might negatively affect its value. If you don’t disclose everything that you have knowledge of about the property in a transfer disclosure statement, there could be legal ramifications. If there are material facts that affect the condition of the home, then this…

4 Mistakes People Make When Downsizing in Retirement

Many people fantasize about financing a good chunk of their retirement by selling their current home, buying a smaller place, and investing the difference for income. In reality, however, they often reap far less profit than they might have hoped. Done right, downsizing can still be a good idea. You might not just walk away with more money but also simplify your life and reduce your home-maintenance and utility costs for years to come. To reach that happy outcome, you need to steer around the unexpected pitfalls that make downsizing so dicey. Here are four traps that await downsizers, with ways…

7 Places You’re Forgetting to Clean

When you walk into a room, it’s usually easy to see what needs to be cleaned up. There’s a pile of dirty laundry just waiting to be done; or the kitchen sink is piled with dirty dishes, pots, and pans.  But once the obvious things are cleaned away, do you forget about the rest of the room? Take a look at seven places you’re forgetting to clean during your cleaning routine. 1. Undersides of Furniture – When you look under a bed or sofa there are usually a few dust bunnies rolling around that can be quickly captured with a vacuum or dust mop. But did…

8 Things That Are Always Worth the Extra Money for Your Backyard

For homeowners and renters lucky enough to have backyards, these outdoor spaces have become more important than ever in recent months. And since summer is officially here, it should come as no surprise that many residents are sprucing up their patios, decks, and backyards to make them comfortable oases for relaxing and spending quality time with loved ones. But with so many choices in terms of furniture, accessories, and other outdoor elements, it can be overwhelming to decide what exactly to splurge on — especially if you’re working with a blank slate or a tight budget. 1. A dining set Eating al fresco is…

Gwinnett County Back to School Protocol

Parents/Guardians of Students in Gwinnett County Public Schools, GCPS is preparing to start the 2020-21 school year as planned on August 5. As part of the planning process, we gathered feedback from families about their preferred way to return to school. A survey completed in mid-June showed that 43 of parents prefer a return to in-person instruction; 34 prefer 100 digital learning; and 23 prefer an option that combines in-person instruction with digital learning. GCPS considered this feedback and other relevant information available at the time. We thoroughly studied combining in-person and digital learning. The many challenges related to this…

9 Splurges That Save You Money in the Long Run

Smart shoppers know that comparing prices to find the best deal can pay off. However, buying the cheapest option doesn’t always mean you’re actually getting the best deal. In fact, it can make financial sense to spend more on some products and services to save money over the years. “Sometimes, we might think we’re saving money on cheaper items, when in reality, splurging a little on the more expensive competitor would have saved us more over the long run,” said Matt Dworetsky, president of Dworetsky Financial in Wall Township, New Jersey. Keep reading to find out when splurging on the pricier option…

Real Estate Investing for Beginners

Real estate is an imperishable asset, ever-increasing in value with time. Even at a very small scale, real estate remains to be a proven method for building cash flow and wealth. With well-chosen assets, real estate investors can enjoy excellent returns, value appreciation, leverage, and diversification of their investment portfolio. For those who are worried about the current recession, there are stricter regulations to protect the housing market now, unlike the crashes experienced before. Due to the low correlation that real estate has with other asset classes, adding real estate to your investment portfolio can lower its volatility and provide a…

10 Ways to Build Community Where You Live

Start fostering a more vibrant and resilient community in your neighborhood with one or more of these actions… Sheltering in place and staying closer to home as restrictions start to ease can be an opportunity to put down deeper roots in the community where you live. From small actions like introducing yourself to neighbors to larger ones like lending a hand or organizing a (socially distanced) block party can all add up to help create a vibrant and resilient community. If you’re looking for somewhere to start or want to keep the momentum going, take a look at the following…

Most Personal Loan Borrowers See Higher Credit Scores

MoneyTipsCan you raise your credit score by taking out a personal loan? You can if you borrow responsibly – and a new study from LendingTree.com shows that borrowers with lower credit scores can see significant benefits. Outstanding personal loan balances have nearly tripled since 2011, rising from $46.4 billion to $125.4 billion by June 2018. While that’s a small slice of America’s $13.54 trillion total household debt, the effect on credit scores shouldn’t be ignored. LendingTree found that 62.4% of personal loan recipients had a higher score one month after receiving a loan – surprising since pre-loan credit checks…

Can You Back Out of a Home Purchase Agreement?

If things go wrong and you need to back out of a home purchase, you may wonder if you can get out of the deal without penalty.   You have house hunted so extensively that you believe you should have your own HGTV series. You find the home of your dreams, sign a purchase agreement, pay an earnest deposit, snag a great mortgage, and cannot believe your good fortune. And then, something goes wrong, and you wonder if you should pull out of the deal.  Can you back out of a home purchase agreement?  Yes, but the wording included in the purchase…