Helpful Seller Info

Street, Drive, Road, Lane … What’s In A Name?

Street, Drive, Road, Lane … What’s In A Name?

Did you ever wonder if the homeowners that live on “Easy Street” have got it made? Or, do the folks that live on “Codger Lane” have to be old and a little bit grumpy? New England has some of the most colorful street names in the country. Some of my personal favorites are: Stubtoe Lane, Teakettle, Wake Robin, Seven Star Lane, Skunk’s Lane, Black Duck, Cruel Street  and ORNAC (old road to nine acre corners).

Roadways are usually classified by size/width, with the widest and grandest being Boulevards, then Avenues, then Streets, next Roads, and the smallest being Lanes and Drives. I was wondering if there is any correlation between the roadway name/size and the sales price an average house on it might fetch, so I did the following anaylsis for Sudbury sales (244 homes) from the time period of 1/1/13-12/10/13:

  • “Run” was tops with an average sales price of $965k
  • “Circle” averaged $846k
  • “Lane” averaged $794k
  • “Drive” averaged $744k
  • “Crossing” averaged $715k
  • “Row” averaged $675k
  • “Road” averaged $627k
  • “Avenue” averaged $582k
  • “Street” averaged $509k
  • “Place” was batting clean-up with an average sales price of $410k

What was most interesting is that sales on “Roads” outnumbered sales on “Streets” by a factor of 20.

Oh and by the way, does anybody know what a “Philemon Whale” is?

Closing Checklist … Items You’ll Need at Your Closing

Closing Checklist … Items You’ll Need at Your Closing

Okay, so now you’ve bought/sold a house and the closing is happening soon.

If it’s your first time or your first time in a long while here’s a quick primer.

If you bring the following, you should have everything you need.

  • New Deed drawn up by your attorney. (sellers)
  • Smoke Detector & Carbon Monoxide certificate of compliance (sellers)
  • Title V certificate of compliance (if serviced by private sewer) (sellers)
  • Final water/sewer bill, stamped paid in full (if municipal service not serviced by well) (sellers)
  • Keys and garage door openers ( leave duplicates in a drawer in the house) (sellers)
  • Copies of any paid bills or affidavits required for work done after home inspection issues were negotiated. (sellers)
  • Instruction booklets, receipts, builder drawings and anything else you have that the buyer could find very useful after moving in to your home (leave them in a drawer in the house). (sellers)
  • Copy of receipt or statement for fuel oil in the oil tank and/or propane in the propane tank (if applicable) (sellers)
  • Driver’s license or another form of personal identification. (sellers & buyers)
  • Your personal checkbook for miscellaneous items and/or adjustments. (sellers & buyers)
  • Certified check or cashier’s check drawn in Buyer’s name or whatever the conveying attorney specifies for the difference between the sale price of the property and the amount of the mortgage less any deposit already made. The final amount will be spelled-out in detail on the form known as the HUD1. (buyers)
  • At the closing, the bank may require 2-3 months tax payment (to be held in Escrow by the Bank); PMI when applicable will be collected for the first year. The exact amount can be obtained from the mortgaging bank prior to the closing; it will be spelled-out in detail on the  HUD1. (buyers)
  • Additional fees can be paid with cash or personal checks. The exact amount can be obtained from the bank’s attorney prior to or at the closing. (buyers)
  • Personal property of the sellers can be paid with cash or personal checks. (buyers)
  • Remaining fuel oil in the oil tank (if applicable) can be paid with cash or personal checks. (buyers)
  • Paid insurance policy or binder for the new property (whichever the conveying attorney specifies) in an amount equal to the amount of the mortgage. Ask your insurance agent for advice on this matter. (buyers)

Sometimes Even the Best Homes Don’t Sell

Click on the arrow below to see this video sharing my perspective on the often asked question, “Why hasn’t my house sold?” No matter what you’ve been told, if you’re trying to sell your house and can’t you’re not stuck.

 

This video was produced using Haiku Deck, an incredible new app.
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