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Tag: insurance
A lesson in the dangers of distressed property purchases…
A friend of mine contacted me the other day about a property investment opportunity that her brother-in-law (BIL) was placing in front of her and her husband. The property in question is located in the city and state where the BIL lives - and it’s far from the Seattle area at roughly halfway across [...]
Posted: December 20th, 2007 under General Real Estate.
Tags: attorneys, buyer, distressed, fixer, foreclosure, inspection, insurance, lender, lending, listing-agent, real-estate, real-estate-agent, real-estate-commission, real-estate-photography, real-estate-war-stories, rehab
Comments: 13
Mythbusters takes on water heaters as rockets….
The other night I watched Mythbusters with my partner, Michael, a show which I have to admit I only see occasionally and only when he’s watching it. It’s okay, but I usually prefer reading. Anyhow, one of the myths that they were attempting to bust is the idea that a water heater can [...]
Posted: November 15th, 2007 under General Real Estate.
Tags: contractor, heat, inspection, inspector, insurance, water
Comments: 10
laughing through the pain
I have heard many times the adage that many a comedian became a funny man or woman because of painful experiences. Well, it seems to continue to have a grain of truth after watching this video of Molly Shannon - funny woman from SNL. A contributor on my own blog had posted info on [...]
Posted: September 13th, 2007 under Diversions, General Real Estate.
Tags: insurance
Comments: 4
Important info if you own a home with actively used oil furnaces in WA…
Read the article targeting homeowners with actively used oil tanks linked here. I’ve also done a cut and paste below which shows that this was published by the State of Washington. I found it on the NWReporter that is published by the Seattle King County Association of REALTORS(R). It’s good information and you can contact [...]
Posted: June 12th, 2007 under General Real Estate.
Tags: furnance, heat, insurance
Comments: none
Reserves and Prepaids on the Good Faith Estimate
Sandy asked a series of great questions regarding her good faith estimate that she’s received for the financing of a home she’s going to purchase. I should have answered all 7 questions in a post…I got down to the last question and here I am!
“Typically do the pre-paid items involve a) interest for 3 days [...]
Posted: May 22nd, 2007 under Buyer Information, General Real Estate, Mortgage and Lending.
Tags: escrow, insurance, interest, prepaids, prorated, reserves, taxes
Comments: 33
Got renter’s or condo unit insurance?
I’m constantly amazed at how many people don’t get renter’s insurance when they are renting a house or apartment. Did you realize that if a major catastrophe happens to the property you’re renting that the landlord is not responsible for your belongings? You should.
Renter’s insurance is relatively inexpensive for the peace of mind that it [...]
Posted: March 12th, 2007 under General Real Estate.
Tags: condo, Condos, insurance, rent, Rental, rentals, repairs, roof
Comments: 7
Futures and property values: you can bet on the bubble
Last November, Slate magazine posted a piece on the housing market futures. The gist: you can hedge a drop in your house’s property values by buying derivatives that pay if the region’s property values drop a specific amount over a specific time period or even if predicted growth doesn’t materialize:
Next spring, however, investors might finally [...]
Posted: February 27th, 2006 under General Real Estate.
Tags: Bubble, insurance, investing, Trends
Comments: 1
