What Do You Need to Remember When Getting Homeowners Insurance?

To get the best homeowners insurance possible for your new home purchase, I have a few tips for you to remember.

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When getting homeowners insurance for your new home, there are a few things you need to keep in mind.

According to Megan Brooks of Liberty Mutual Insurance, you first need to make sure you’re getting a fair quote. Megan refers to these opportunities as “watershed moments” because they represent a good time to shop around. You can get a quote from whoever your rental or auto insurance provider is, but don’t be afraid to get a second opinion somewhere else just to make sure they’re competitive. You can always ask your Realtor for a referral.

Second, consider the replacement value of your new home. You might think you’re getting a really great deal, but the goal of any homeowners insurance policy is to make sure you’re replacing the home in full in case a disaster happens.

The goal of any homeowners insurance policy is to make sure you’re replacing the home in full.

The sooner you can start looking for homeowners insurance, the better—especially for the lender’s sake. This way, if there are any items the homeowners insurance agent needs, they can be provided quickly. A proposal only takes a few minutes if you have all the necessary information, and if they need anything supplemental, they can always request it online from another agent.

What kind of information does the agent need? Generally, they’ll want to know the home’s square footage, what kind of flooring and fixtures it has, whether the basement is finished or not, and other information that typically goes into the home inspection. If you’re there for the home inspection, you’ll get a good idea of what this entails.

Lastly, there are many benefits to bundling together your home insurance and your auto insurance. Bundles aren’t limited to auto insurance, either. You can also include life insurance and, soon enough, pet insurance.

If you have any more questions about homeowners insurance or you’re curious about any other real estate topics, don’t hesitate to reach out to me. Also if you would like to speak with Megan directly please fell free to call or text her at 614-372-9858 or email her at megan.brooks@libertymutual.com We would be happy to help you.

Are You Sure You're Getting the Best Price for Your House?

I see many of my fellow agents bragging about how quickly they’ve helped their clients go under contract. However, my philosophy is that you can’t truly serve your sellers to the highest level by going under contract in a matter of hours.

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Selling a home? Click here for a FREE Home Price Evaluation

Recently I’ve been seeing properties go into contract within a number of hours.

My peers and their vendors—meaning professionals like stagers, photographers, and home inspectors—are all over social media bragging about just how quickly their listings are moving.

My philosophy is that it’s impossible to best serve your seller by advising them to take a contract in just a few hours of listing.

The process to get to a closing typically takes about 30 days, even with cash buyers.

My belief is that if someone wants to buy a house on a Friday, they’ll still want to buy that Monday. While there are exceptions, I don’t normally take an offer within a number of hours for this reason.

I believe in serving my sellers to the highest level.

I believe in serving my sellers to the highest level. To do this, I’ve got a specific marketing plan that is proven to deliver results.

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

Is This Another Real Estate Bubble?

Are we headed for another real estate bubble? We believe we have the answer.

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I’ve been getting the question, “Are we in another real estate bubble?” a lot lately. The short answer is no, but here’s why.

The demand for housing in the current market, as opposed to the one 12 years ago, is much different. 12 years ago, the demand was created by the secondary mortgage market, which gave anyone and everyone a mortgage, even if they didn’t have a job or any way to pay it back.

The housing market is much different than it was 12 years ago.

These days, lending guidelines are a lot more strict. The demand for housing this time around is due to real demand from qualified buyers in the market. The biggest issue in this market is that there simply isn’t enough new inventory. This is making things challenging, especially for buyers.

If we see an increased supply of homes and more sellers decide they want to move, we might see an adjustment in the market. However, I don’t predict that happening in central Ohio for at least a few years, if at all. We’re adding a ton of new jobs and there are plenty of people here that are hungry for housing. It will be interesting to see what happens.

If you have any questions for me about the market or you’re interested in buying or selling a home, give me a call or send me an email. I would love to hear from you soon.