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By Steve Manville  | 
Sep 23, 2015 3:01:00 PM

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Ensure that Your Home is a Sure Thing

While real estate is a wise investment, your success isn’t a sure thing. Unless you thoroughly research the property—and leave no stone unturned—you may be taking a huge risk. So, consider the following steps:


  • Inspection(s)

    • Find an independent inspector to check for flaws and anything not up to code. Inspections with good results can offer you peace of mind, helping you know you’re making a sound investment.

  • Disclosure

    • Request that the seller disclose water damage and anything else that could cost you a pretty penny in the future. Ask your realtor to initiate the process. If you don’t ask, the seller may not mention the damages.

  • Disaster History

    • When asking for a disclosure of the property’s history, be sure to ask this question: Did the seller (or other previous owners) ever receive government disaster relief? If so, you might not be eligible for future relief—and could be automatically hit with higher insurance rates.

  • Insurance

    • Make sure your home is insured from day one. Talk to your broker well before you close on your purchase, and get the best coverage for your scenario. Keep in mind that all policies are far from equal, so shop around.


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