SUMMARY SUNDAY IS A WEEKLY POST WHERE I PUT OUT A SHORT LIST OF THE PERSONAL FINANCE BLOG POSTS AND ARTICLES I LIKED THE MOST THROUGHOUT THE PREVIOUS WEEK. LINKS TO EACH POST ARE IN THE HEADERS. I HOPE YOU ENJOY THEM TOO!
Home Buying Tips in a Fierce Seller’s Market
The Smart and Frugal Path – July 30, 2017
…every single real estate piece now says how difficult it is for home buyers to get a house. Homes are going well above asking price, homes are selling the day they go on the market, etc. It seriously feels like housing bubble 2.0. ”
A coworker just sold his house. He of course wanted the best price, but also wanted a quick sale, so they set the price to what they thought was fair all around. The house received 11 offers within 24 hours of going on the MLS and sold for $16,000 more than the asking price.
That’s what a seller’s market looks like.
In an ideal world, you won’t need to buy a house during a seller’s market. But if you find yourself needing to purchase at this time, consider the tips listed in this post. I’m not sure using someone else’s cats is really a winning strategy (#28!) but there is some great info here.
What Should Your Net Worth Be?
Mr. Smart Money– July 29, 2017
The numbers can elicit a wide range of emotions. Everything from sadness, to joy, to even feelings of anger. But I think the best response here is to use the data as motivation.”
I included that quote because that’s what I want you thinking about as you read this post. There are bound to be some people who are smug, while others will look at the numbers and think they are either fake or unachievable. Try not to use the numbers in this post as a comment on your past. Instead, look at it as goals for your future.
Net worth is not a measure of your worth as a human, but it can be a good way to measure how close you are to not needing to work for money. That, in itself, is valuable information because once you don’t need money to meet your financial obligations, you can live a more free life. That’s the level of independence that I think most people can agree is a good goal.
What have you been reading this week?
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