Insuring Your Home
Step 9: Do your Due Diligence
Find a reputable and thorough home inspector, if you need suggestions ask your agent.A good home inspector will help to ensure that you don’t end up in a “money pit, for example, a property with lots of electricity, plumbing or foundation issues
An inspector will also report any issues found with the home that will allow you to ask for repairs during negotiations.
If work is needed to be done on the property, strategize with your agent to submit a request for repairs or offer adjustment.
Review disclosures and paperwork with your agent.
If you will be making any additions or construction to the property, such as adding a pool or a guest house, check with the city building department to ensure zoning allows for those upgrades.
Review title report with title representative and agent to ensure that there are no unknown easements or liens on the property.
Step 10: Arrange for
Homeowner’s InsuranceSearch for a homeowner’s insurance policy with great coverage at a reasonable cost. Ask your lender for suggestions if necessary.
Some lenders require a year’s worth of homeowner’s insurance up front before approving a mortgage