Homes near Starbucks rose an average of 96% in value between 1997-2014.
The power of coffee!
Living near a Starbucks has its benefits for homeowners, whether you’re a coffee drinker or not.
With tens of thousands of Starbucks locations in the U.S., that’s good news for a lot of homeowners.
Between 1997 and 2013, home closer to the coffee shop increased in value by 96%, compared to 65% for all U.S. homes.
The biggest “Starbucks effect” was in Boston, where nearby home values went up 171% in the same time period. That’s 45 percentage points more than all homes in the city.
Starbucks is usually a harbinger of good times for a locality. A new Starbucks gives a sense to developers that the neighborhood is on the rise, wrote Zillow CEO Spencer Rascoff and chief economist Stan Humphries in their new book “Zillow Talk.”
But dig a little deeper and it’s kind of a chicken and egg situation — it’s not like Starbucks can take credit…
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Most of us will not have the luxury of moving out of our home, while it’s on the market. Even though, marketing your home can be very disruptive to your life – keeping these tips in mind will help you make the best of a difficult situation.
Organize and Disregard
Before you put your home on the market, you should start organizing for your move. Not only will you get a head start on move day, having an organized home will help keep your house in order for showings. Do some of the heavy lifting now and disregard things you don’t think you’ll be moving. Remember that people are going to try to envision what their lives will be like in your home, so the less clutter and personal items – the better.
Think about renting a storage unit in order to clear out some of the clutter from…
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Lenders don’t like surprises when it comes to mortgage applicants. And when it comes to applying for a mortgage or looking to refinance, you don’t want any, either.
Yet many people forget to pull their credit report before they go house hunting—or they do it at the last minute—and they don’t know how to handle a poor credit score or a pockmarked report.
If there are any problems on your report, you’ll want to fix them beforehand and be prepared to explain the ones that stick around. Here are five tips on how to handle your credit and your credit report when it’s time to buy a home.
1. Don’t lie or hide the truth
Most people instinctively try to hide or shy away from bad news. Don’t do this with your lender. It’s basically impossible to hide bad news from lenders forever, and when they…
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