Tag Archives: buying a home
Why buy? Why rent? How to choose an ethical real estate agent or mortgage broker? What is quality inventory? Richmond Sunlight, the General Assembly and real estate. And lots, lots more. An hour of live radio goes fast. Prepping for said show takes hours. What follows are some show notes, links, supporting stories and more. If you’re interested in buying or selling in the Charlottesville area in 2013, I sincerely think this would way to spend an hour of your time.
As always, we cover a lot of ground in an hour. I do apologize; I spent an hour this morning listening to the show, researching links, putting said links in chronological order, previewed the story and *poof* it disappeared. So this story is a bit less than intended.
Perhaps my personal favorite parts are the (at 16:50) “how you say ‘wait, don’t buy that now’” when your incomes depend on sales? And then we touch on (24:30) how the consumer has a responsibility to vet the people they hire. (if you want the questions I provide my prospective clients, ask me).
As with almost all questions in real estate, the answer to the question begins with “it depends” …
- Why are you contemplating relocating to Charlottesville?
- What does “Charlottesville” mean to you? The City? The City of Charlottesville and the County of Albemarle? Greene? Fluvanna? Nelson?
- What do you need/want to be “close to”?
- What is “close”?
And so many other questions …
The way it used to be : Buyer puts a contract on a house, goes through all the processes to get to closing, and a few days prior to closing would call his insurance company to get a homeowners’ insurance policy. The way I prefer : As part of the Offer to Purchase, we include this form which sets out the following three things: – Maximum annual premium for Homeowners’ Insurance policy – Maximum deductible (higher is better, in my opinion) – Timeline for the Buyer to confirm that he can get sufficient coverage that fits within these limits. … With the proliferation of CLUE Reports, which essentially serve as CarFax reports for houses, sometimes a house can have a “bad credit report” which can impact a buyer’s ability to purchase affordable homeowners’ insurance. If we can remove one variable from the equation, which this addendum does, we’ve achieved a simple win-win for both the buyer and seller. Continue reading →