Homeowners Insurance- Realtor OKC

Realtor OKC Team Talks About The Need For Homeowners Insurance

Realtor OKC Answers What Homeowners Insurance Does

Most people are probably already aware that when they buy a house that they have to purchase homeowners insurance as part of the requirement, but you might be surprised how many people don’t really know what their homeowners insurance policy does for them. Our realtor OKC team members requires us to have knowledge of things like the legal need for homeowners insurance, but we also know it’s important for your property to be covered whether you realize it or not. Today, we’re going tell you a little more about what we know, in case you’ve ever been the one who questioned why you had to have homeowners insurance.

To start with, our realtor OKC team will tell you the reason homeowners insurance is required.

Homeowners insurance is set as a requirement by the lender and/or the state you live in to protect the lender’s investment from loss or damage whether it be that it was caused by fire, theft, vandalism or weather. That’s just what homeowners insurance covers on a basic level.

Now, our realtor OKC team will let you in on a little “secret” about additional insurance options.

Some people figure out that they don’t have quite enough insurance to cover all of their personal belongings. For insurance needs beyond the general policy, there are usually add-on options. With personal liability protection you have a way to protect against any lawsuits that may be filed against you in the event that someone gets injured at your house.

Our realtor OKC members know that, of course, just as with any insurance policy, there might be different needs you have that vary from your neighbor’s. You’ll certainly want to check around and ask your insurance agent for different options. Since your home is a pretty important aspect of your life we figure that kind of investment is worth saving.

If you need to know anything else about the home buying or selling process, our realtor OKC team would love to help! If you’re looking for an agent, don’t hesitate to give Thurman Real Estate Team a call at 405-850-9503.

Home Inspections- Realtor OKC

Realtor OKC Team Explains Circumstances Of Home Inspections

Realtor OKC Team Shares Why Home Inspections Matter

A home inspection is an all-inclusive examination of the condition of a home and it’s a pretty important part of the home buying process. The home inspection is often performed at the time of the sale of a property. Our realtor OKC team has to make sure they are completed if we’re in control of a sale, of course, but did you know there are different circumstances when it comes to inspections?

Today, our realtor OKC team will share a little more about the different scenarios, because Thurman Real Estate Team likes for customers to feel knowledgeable about how things work.

Let’s talk about strictly investment properties. If the acquired property needs a complete overhaul, the investor may be inclined to think that a home inspection is a waste of time and money. They may decide to try to skimp out since the investor and/or contractors will be able to inspect much of the property during the remodel.

While this would save the investor some money upfront, our realtor OKC team encourages real estate investors to think about the risk of not uncovering all defects prior to purchasing the property.

Now, think about a home inspection in terms of a newer home. Even for homes that appear to be in great condition, a home inspection can pinpoint the areas of the house you or the seller will need to focus on repairing right away and what it’s likely to cost.

It would seem that during an inspection there will always be small defects that can easily be fixed with a little elbow grease; however, there are also some potential “deal killer” defects, especially if they involve the roof, HVAC, siding, foundation, or water and/or fire damage issues. These defects are potentially the most expensive and you certainly wouldn’t want to overlook any of them.

While they make people groan and feel uncomfortable at times, our realtor OKC team would hope you understand why home inspections really do matter.

If you’re searching for a realtor OKC team to help you either buy or sell a property, feel free to contact Thurman Real Estate Team at 405-850-9503.