Wednesday, February 27, 2013

Real Estate Advice

By Jordan Frost


Every home which has a mortgage is required to be insured. Homeowners insurance exists because a home is a huge investment, often one of the largest purchases many people make in their lifetimes. Naturally, the lender wants to ensure the equity for his loan is protected. Homeowners insurance is a contract between a homeowner and an insurance company. As long as the owner pays the required premiums and meets the other policy requirements, the insurance company guarantees to reimburse the owner for any losses incurred due to natural disasters or human-caused damage.

Beware of all the pitfalls when buying a home. Make sure that you obtain all the necessary disclosures and have a check list of inspections and things you should do before buying a home. Learn about real estate taxes, homeowners insurance, as well as all the other extra and hidden costs involved with the purchase of a home and/or a real estate transaction.

The REALTOR Code, by setting high standards of professional conduct for REALTORS, helps to protect Canadians' rights and interests. It also creates a level of trust between REALTORS and their clients. REALTORS can't acquire an interest in property (either directly or indirectly) without disclosing the fact that they're real estate professionals.

What type of property do you want? A single-family detached home is attractive to many people because it typically provides more living space and land. On the other hand, a condominium may be a more appropriate choice for you, with an emphasis on maintenance-free living. Remember the 3 most important things when buying a home, Location, Location and Location.

When you select a property and decide to visit a house, there are many things to consider. Does it have all the features you want? Is the neighborhood what you expected? Try to picture your favorite furnishings in a room. Remember all of the technical considerations, including: type of wiring, type of plumbing, when was roof replaced and was a building permit taken out for any renovations.

Whether buying a new or used home hire the services of a professional home inspector. Look up some companies on line and view their experience and qualifications. Phone two or three of the most promising inspectors and let them tell you why you should hire them. The home inspectors with the most experience and knowledge will let you know about their skills and expertise allowing you to make the best possible choice. Protect your investment and get Peace of Mind, hire a professional home inspector.




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