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You Are A Professional
"It was a pleasure working with you, even though we were the buyers, and you represented the sellers. You were calm under deadline pressures. You did not get emotionally involved in the protracted (but friendly) negotiations. You exercised initiative in resolving issues, and you effectively marshaled the skills and energies of your co-workers, Karen and Melissa. In short, you are a 'professional'."
The Headley's, April 2002
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First Time Buyers >Insuring Your Home
Many home buyers are concerned about whether they have an insurable interest in the property before the actual closing. The answer is an unqualified "yes". Although the buyer is not yet the recorded owner of the property, he or she has an insurable interest in the property as soon as the agreement of sale is executed by both the buyer and seller.
Should you get hazard insurance before the closing? It depends. Buyers do not usually insure a property until the title passes to them from the seller. However, it's wise to know what the agreement between you and the seller stipulates with regard to insurance.
Most agreements state that the property will be insured for a specific amount. This is very important to both parties. From the buyer's point of view, it is also critical that an adequate sum or full replacement value be stipulated. Watch out for agreements which read "as now insured". This is an all-too-common practice which usually indicates that the seller does not to want to increase inadequate insurance coverage.
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| Q |
What is a VA home loan?
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| A |
The Office of Veterans Affairs guarantees small or no-down payment mortgage loans made by lenders to U.S. veterans. |
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- NUMBER1EXPERT™ 
