|This article was published on: 03/01/2004|
March 2004 COVER FEATURE
All You Need to Succeed: For Your Buyers
7 ways to save on homeowners insurance
Homeowners insurance premiums are expected to rise 8 percent in 2004, according to the Insurance Information Institute—on top of 2003’s 7 percent increase. More prevalent storms, hurricanes, floods, and wildfires are the biggest culprits behind the increase. Blame mold claims and stock market losses by insurance companies, as well. To obtain insurance at a good rate:
If you’ve never bought a home before, get ready to sign a lot of paper—most of it in duplicate. What of this stack of documents is particularly important to stow away?
Sources: Credit Union National Association; Mortgage Bankers Association; Home-Buyer’s Guide (Real Estate Center at Texas A&M, 2000)
Your relationship with a lender can potentially last 30 years. That’s a long time to be unhappy. To find a lender and loan that fit your needs, ask lending companies:
Important note: When you hire a buyer’s agent, be sure the person is a REALTOR®. REALTORS® are members of the NATIONAL ASSOCIATION OF REALTORS® and, therefore, bound by its strict Code of Ethics.
Source: REALTOR® Magazine Online
House Hunting Checklist: Prioritize Your Wants and Needs
The home features you want aren’t always the same as the ones you need. Use this checklist to help separate needs from wants. And consider how you’ll live in the house today and in years to come as you accommodate growing children or elderly parents.
Obtain homeowners insurance through REALTOR VIP® Partner Liberty Mutual. Share publications, such as It Pays to Work with a REALTOR® and Why Rent When You Can Buy, with buyers and sellers. Information on REALTOR VIP® partners available at www.REALTOR.org/realtorVIP.
March 2004 Cover Feature: ALL YOU NEED TO SUCCEED