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Real Estate Tips
Insurance >Hazard Insurance

Are you considering taking out hazard insurance on a property before you actually take title? It may be a good idea!

Even though you are not yet the owner of record, as the buyer, you have an insurable interest in a property the moment that you and the seller execute the sales agreement. As a matter of practice, however, buyers do not usually take out insurance until the papers change hands, and it should not be necessary if the agreement of sale is properly executed.

It is very important to both parties that the agreement states that the property will be insured for a specific amount. From the buyer's point of view, an adequate sum must be stipulated, and the agreement should not read "as now insured", which can indicate that the seller may not want to increase the insurance.

As a general rule, the amount of insurance on the buildings on a property should equal the sales price, less the value of the lot.

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What does the term Curb Appeal mean?

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This term describes how homes look from the street; this first impression is very important to prospective homebuyers.
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The James Real Estate Group, REALTORŪ, real estate agents and broker for Columbia, Ellicott City and Howard County Maryland home listings, property and land for sale - NUMBER1EXPERT(tm)

Steven and Maryruth James
James Real Estate Group

6920 Guilford Road, Suite 100
Clarksville, Maryland 21029
301-854-1100
410-740-3090
Toll Free: 888-707-7653
Fax: 301-854-1106
jamesgroup@NUMBER1EXPERT.com

Whether you're buying a new home or selling your current home, Steven and Maryruth James and their Group of Experts are ready to help you, with online services such as ALL active properties for sale in Maryland, Virtual Tours http://www.james-group.com , New Homes Guide, FREE Relocation Packages http://www.james-group.com , FREE Market Analysis, FREE Home Buying and Home Selling Reports, Mortgage Qualifying Information http://www.james-group.com , and much more! Call the Number #1 Experts in Howard County!

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James Real Estate Group real estate and homes for sale in Columbia, Ellicott City and Howard County Maryland
James Real Estate Group real estate and homes for sale in Columbia, Ellicott City and Howard County Maryland
James Real Estate Group real estate and homes for sale in Columbia, Ellicott City and Howard County Maryland
James Real Estate Group real estate and homes for sale in Columbia, Ellicott City and Howard County Maryland

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