Title Insurance, Who Needs It?
02/08/2017 12:19 PM

Home Insurance - Ann Arbor, MI - Real Estate One Ann Arbor aka Matt Dejanovich

Investing in title insurance can save buyers and lenders from possible future headaches related to unforeseen contract disputes. Here is how it works and what it can cover.

How it Works

Title insurance works in reverse—it covers problems that occurred before you purchased a home rather than after an acquisition, including late discoveries. A buyer must obtain title insurance before the property transaction, and there is only a one-time payment. Refinancing may require a new policy—otherwise, it is for the life of the homeowner's loan.

Remodeling Benefits Both Homeowners and Buyers
08/18/2016 05:51 PM

Couple Painting - Ann Arbor, MI - Real Estate One Ann Arbor Matt DejanovichWhen selling your home, you want it to look as appealing as possible to prospective buyers. Many people opt to perform specific remodeling projects to ensure that their residence has features that will motivate buyers to make an offer. Even if you plan to stay in your house for any length of time, you can enjoy a number of benefits by performing some renovation work to the interior or exterior of the house.

Home Inspections: Invest in Your New Home
08/21/2015 11:14 AM

Family Looking at House For Sale

It can be a long process to find and purchase a new home. Many buyers, once they've found their perfect house, can't wait to sign on the dotted line. Before the purchase agreement is finalized, however, homebuyers should have a complete inspection performed by a reputable form.

What may seem like an unnecessary cost can actually be the best money a homeowner will ever spend. As an investment in a new house, home inspections can save time and money on future expenses by uncovering invisible problems.

1. Structural Issues

Whether the house is a new or old construction, structural problems can be identified during a home inspection. Foundation issues, missing siding, improper roof installation, and organic growth on wood framing are all problems that can be uncovered during an inspection. Not only can these issues turn into health and safety hazards, but they can affect insurance coverage.

2. Pest Infestations

A home inspector will be able to identify whether there is evidence of current or past infestations. Pests, such as termites, can cause damage that can harm the structural integrity of a home and lead to costly repairs.

3. Safety

Small problems can turn into bigger problems with almost no warning, and an inspection can uncover invisible defects that may put homebuyers and their family at risk. Gas leaks, improperly-installed wiring, and mold are some of the more common— and dangerous— safety issues to look for.

4. Future Repair

Homebuyers will want to decide what they are willing to renovate and repair, as well as what they aren't. It is also important to have an idea of what repairs will cost— both in time and money. A home inspection will give you a better idea of how much human investment the house may need.

5. Future Resale

It may seem early to think about resale, but home inspections can reveal potential problems, improper installations, and repairs that could significantly affect the home's value. And, if the new buyer wants a home inspection, they may uncover those invisible problems that could have been discovered with an original inspection, which could then affect the sale.

Home inspections are a way for buyers to find problems, big and small, that could be fixed before moving. Inspections are also important in negotiations. A buyer can ask the seller to either cover the cost of repairs, or lower their asking price. Having a home inspection arms homebuyers with accurate, extensive knowledge about their potential house, and it pays for itself many times over.

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