Can the Paint in your House Cause You to Lose a Buyer?

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You would not think so, but certain paint colors in your house could scare away potential buyers. It seems like the new owners could just paint over the colors, but if someone is trying to imagine themselves in your home, then the paint can just throw them off. Let us look at some ways the paint can cause someone not to buy your home.

The exterior paint can be a turn off. Let us say the house is great, but the outside is pink with green shutters. This would give anyone pause, and the same goes for other strange colors you might not always see on a house. The inside can be just as bad as the outside sometimes, and it might even cause potential buyers to pass by the home because they cannot forgive the outside appearance. This is unfortunate because the inside could be amazing, but society will always judge a book, or house, by its cover.

Inside colors that are dark like black, can cause buyers to feel like the house is depressing and dark. At the same time, they do not want to see an orange accent wall in an all-white room, or for the whole house to be blinding white. This buyers are hard to please it would seem. As the person selling the home you have a decision to make. If you paint the exterior of the house while it is expensive, it will give you more people who are interested in your home. The inside is not as difficult to paint, and while it is totally up to you toning down the brights, lightening up the darks, and coloring up the whites might be just what your home needs to sell. 

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Coinciding Settlements Clauses - Funding Issues

People who are selling their home in order to buy another frequently put a "coinciding settlements" clause into their contract offer on the new home. The purpose of this is usually twofold. In this article, we discuss the first purpose which is to use funds from the old home to pay for the new one. 

How Coinciding Settlements Work

A coinciding settlement clause usually says something along the lines of "settlement under this contract is contingent upon the settlement of the contract for the sale of the Purchaser's property located at 1234 Spring Valley Drive..." It typically goes on to state the maximum number of days this settlement can be delayed by delays on the other settlement. It also usually says what will happen if the other contract becomes void. (Usually "this" contracts becomes void, too, but that doesn't have to be the case if there's another source of funds.)

The settlements don't literally happen at the same time as the name implies. They can be back-to-back in the same office. They can be a day (or even days) apart in offices in different states. Very often it's necessary for the settlement agent for the first settlement to wire transfer funds directly to the banking account of the settlement agent for the second settlement. This is usually a smooth, seamless procedure. 

A Word to the Wise Seller

Coinciding settlements usually work well for the purpose of providing funds as outlined above. The one problem that crops up from time to time occurs when the first sale falls apart for some reason. The most frequent reason the first sale falls apart (when it does) is that the buyer is unable to get his loan. Because of this, some sellers insist that coinciding settlement clauses include language giving them permission to check with the lender for the first buyer. Making sure the first buyer is qualified for the necessary loan is good business. Don't feel awkward about it. 

Coinciding settlement is a common fact in the current real estate market. Use the above technique to avoid problems with your real estate transactions.

Sarah Miller offers real estate services in Bryan-College Station Real Estate. She is one of the RE/MAX Bryan-College Station realtors that has a long list of the finest real properties bryan tx, that any intending settler or buyer can choose from.