Non-sexy Real state Topic: Insurance

There are many steps in the process of preparing to buy or sell real estate. We can meet up to talk about these at another time. Part of this process does include insurance. I know, I just lost many of you. No one likes to talk insurance, but it is a very important part of home or property ownership. Section ten of your contract to purchase refers to the Insurability of the propery. This is actually one of the areas tht the Buyer can terminate the contract. Why? Let's Explore. There is a date in the contract that is called Property Insrance Termination Deadline. This is based on any unsatisfactory provision of the availability, tems and conditions and premium for property insurance. This is the Buyer's sole subjective opinion. So often, Buyers breeze past this deadline thinking they can adress this at a later date. Big mistake. As your Realtor, I will insist that you research this and get terms in place. There have been so many changes that obtaining insurance i...