Browsing Category Stupid Real Estate Questions – AKA: What are the questions you think you should know but have never asked?

Frequently Asked Real Estate Questions

A Homeowners’ Insurance Policy Addendum – What’s That?

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.

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Prepping to Buy a House in Charlottesville

Now is the time when people really start to talk about these things in earnest, so here is the thing: if you’re thinking about buying a house, it’s a great time to buy! … But if you’re thinking about buying in the Spring: – now is the time to start researching. – Drive through neighborhoods, see how they’re decorated if that interests you or if it disinterests you. It’s good to know what you might be getting yourself into. – Start scouting things out, ask questions, search for homes and find a realtor (I am one) and start looking for vacant houses so you have a feel for what you’re going to see come Spring when houses come on the market. – Prices now are starting to moderate even more. … Start interviewing buyers agents , ask questions, because when you’re talking about interviewing buyers agents , you’re really talking about spending a lot of time with somebody who is hopefully going to be someone you like, trust, and is a professional who is experienced.

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