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Thanks DeLUX Team Realty
This time last year we had just met you and were in the beginning stages of decluttering and preparing our house for sale. While it was indeed a difficult and challenging time for us, financially speaking, your help through the whole sale process was something we will never forget!! I truly feel that God led us to DeLUX Team Realty and you!
We are thoroughly enjoying our new smaller townhome and are beginning to turn around our finances! I look forward to 2010 being a year of many new beginnings! Just know that your help really put us on the road to financial recovery!
A happy and blessed new year to you and DeLux Team Realty!! I will continue to "drop" your name whenever I can!!
Susan
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First Time Buyers >Insuring Your Home
Many home buyers are concerned about whether they have an insurable interest in the property before the actual closing. The answer is an unqualified "yes". Although the buyer is not yet the recorded owner of the property, he or she has an insurable interest in the property as soon as the agreement of sale is executed by both the buyer and seller.
Should you get hazard insurance before the closing? It depends. Buyers do not usually insure a property until the title passes to them from the seller. However, it's wise to know what the agreement between you and the seller stipulates with regard to insurance.
Most agreements state that the property will be insured for a specific amount. This is very important to both parties. From the buyer's point of view, it is also critical that an adequate sum or full replacement value be stipulated. Watch out for agreements which read "as now insured". This is an all-too-common practice which usually indicates that the seller does not to want to increase inadequate insurance coverage.
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| Q |
What are considered the ideal conditions for a seller's market?
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| A |
In a seller's market, prices are firm and good houses are sold before advertised or as soon as they show up in the MLS. |
 See More Real Estate Trivia > |
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