January 2019

Found 3 blog entries for January 2019.

Some simple steps can help new homeowners avoid common mistakes when securing homeowner's insurance.Buying a new home is one of the most complicated purchases consumers may make in their entire lifetimes. It is complicated by the fact that it happens relatively rarely over the course of time, and homebuyers develop little skill in the aspects involved.

One of the most common decisions associated with purchasing a home is acquiring the appropriate amount and type of homeowners insurance. This, too, is often done infrequently as homeowners will often secure insurance at the time of purchasing their home, and unless they have a claim, will tend to forget about it. This is particularly true if the insurance premium is included along with the mortgage and/or bundled with property tax payments. Policies become “invisible” to consumers until they

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Plan for the Cash Needed to Close When Buying a New HomeFirst-time home buyers are sometimes surprised by the additional costs that are involved in purchasing real estate. The actual amount of upfront and settlement charges seems to mount steadily, and the total can add up to between two and four percent of the home's purchase price, in addition to required down payment. Some charges and fees are unavoidable, even if the buyer pays cash.

Even though some costs are standardized, others vary widely from one area to another. By having a sense of the funds needed, determining a budget and approaching a lender for a mortgage are simplified. Some fees must be paid in advance, while other charges can be rolled into the loan and repaid over the long term. Some charges are pro-rated between seller and buyer

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Tips for Selling During a Buyer's MarketSellers who are getting ready to let go of their property first have to determine what type of market they're in. In primary markets, it's clear that sellers have an advantage. In others, the upper hand goes straight to the buyer. There are a number of ways to spot a buyer's market even if sellers aren't real estate experts—For Sale signs sit out for months, abandoned homes are common, and valuations continue to drop every year. But sellers can still exercise control, even when their prospects seem dire.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Getting Ready to Sell Your Home

One of the smartest things a seller can do is manage their own

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