Cindy Gordon
Coldwell Banker Residential Brokerage | 774-249-4824 | [email protected]


Posted by Cindy Gordon on 6/2/2019

Mistakes are inevitable in life with their consequences varying in severity. However, some mistakes are best not made because when they happen, they could cause you thousands to fix and set you back lots of time and effort. Here are some of the top homeowners’ insurance mistakes that you should avoid at all cost.

  1. Selecting A Good Insurance Company. When choosing an insurer, you need to go for a company with competitive prices, excellent rating and quality customer's feedback. A common mistake that homeowners make is selecting a company by price alone. Choosing by price is a risk you must not take. Before you settle down with any insurance company, check the financial health and ask friends and families about their various experiences with the insurer. You need a company that is known for competence and handles claims fairly and efficiently.
  2. Dropping Flood Insurance. Should your home be situated in a flood-prone area, it is best to make sure that you have flood insurance. Standard homeowners and renters' insurance policies don't cover for damages resulting from floods. Such insurance coverage is available from the National Flood Insurance Program [NFIP] or any of the private insurance companies.
  3. Overlooking Renters Insurance. This insurance policy covers your possessions and some additional living expenses if you must move out due to an insured disaster like a hurricane or fire outbreak. In cases whereby a member of the family suffers an injury in such a catastrophic event, the insurance provides protection and care too which ensures that you can give them the best of care.
  4. Not Knowing Exclusions. Not understanding the exclusions is a common mistake that homeowners make, and It comes with not reading the fine print thoroughly. Many home insurance policies come with tons of exclusions, and it is your job to make sure that significant claims are insured. For instance, if you stay in a flood-prone area, making sure that the insurance policy covers such a disaster is very paramount. Don't make this mistake!
  5. Getting Less Coverage to Cut Cost. Many have made this mistake, and they ended up spending more than they would have. Don't ever under-insure your home in other to cut cost. That will be a grave mistake you will end up regretting. Sit with your insurance specialist and discuss the various insurance packages and the one best for your home. Having the best coverage is for your safety and also for your wallet.

Take your insurance agent as a friend and don't hesitate to communicate whenever there is a significant change in your home like fencing your home or turning your garage into a store. Keeping your agent up to date is very important. If you haven't reviewed your insurance policy to know what protection it offers you, do that now to be safe.




Categories: Real estate   Insurance   homeowners  


Posted by Cindy Gordon on 4/7/2019

It is necessary to ask some crucial questions from the seller of your new home. No house is 100% perfect for you at the point of sale. You must, therefore, seek to learn whatever issues the house may have so that you can appropriately weigh your options before deciding to buy and be adequately prepared to handle them if you choose to buy it. While some sellers may volunteer that information, it is not incorrect to assume that most will not, hence the need to ask these questions:

  • Is the house or neighborhood flood-prone? Issues like flooding, water pipe-burst, or water poisoning sometimes never go away permanently. So, it is best you are aware ahead of time. Some neighborhoods are more prone to flooding during raining season and knowing these details might be crucial to your convenient stay. Knowledge of previous occurrences will help you keep an eye out for repeat situations so that you can address them early enough.
  • When was the house roofed and how does the material age? Older portions of the structure such as the roof may be quite expensive to replace. On the average, an asphalt roof may last as long as 10 to 15 years before needing repairs or replacement, so factor in the age of the roof before you decide to make your offer to the buyer. Find out about the material used to make the roof too, as some are more expensive than others when it comes to replacement. You should also ask for documentation about repair work done on any part of the house, so you have it for future references.
  • How is sewage disposed of in the building? Does the house have a septic tank or is it connected to the local sewage system? You need to be aware of that. A home with a private septic tank needs to be pumped out averagely every 4 to 5 years, so knowing the last time they had it pumped will give you an idea of when you might need to pump it again after you move in.
  • How does the neighborhood look? Buyers sometimes assume that they are only interested in the property since they will be paying for just the house, however, you are buying more than that. You are obtaining the value of the neighborhood too. So you should ask questions about the type of community it is. Do drugs and gangs overrun it? Is the public school system good enough for your kids? Is it too close to the freeway?

Seeking answers to each of these questions will help you to make informed decisions when buying a house.





Posted by Cindy Gordon on 3/11/2018

Estimating the market value of your home isn't a precise science. There are several factors that go into assessing the value of a home and the process is complicated by changes in the market that can sway home prices in either direction. Since homes are so expensive and are such a huge investment, the pragmatist and worrier in us all wants it to be a clear cut decision backed up by facts. Unfortunately, no two people will ever arrive at precisely the same number for the value of a home. The good news is that you can use this ambiguity to your advantage when bargaining with prospective buyers. To learn more about the six main factors that determine a home's value, read on.

Condition

Homebuyers don't want to walk into what could be their new house and discover months of expensive repairs and upgrades waiting for them. Especially for busy, young professionals there is great appeal in a home that is move-in ready. If your home needs some work, it will knock off some digits from your asking price.

Location

We would all love to say that having a home near the ocean or the mountains is our top priority. But, let's face it--having a place that is close to your work and that is in a good school district will probably take precedence over our daydreams. Location factors that add value to your home could include close proximity to schools, shopping, highways, and other amenities. However, if your home is far away from them or is in a neighborhood that appears run-down or dangerous you will find the value of your home decreasing. An easy way to get a ballpark figure for your home value is to look up the value of other comparable homes in your neighborhood.

Age

Age is just a really expensive number. For some, buying an old home is a dream they've always had. Old homes have character and offer challenges when it comes to DIY repairs and renovations. For others, an old home means more headaches and more expensive utilities if it's drafty or outdated.

Features

Curb appeal is important, but once your prospective buyers are inside you'll have to keep them around with great, convenient household features. Lots of storage space, updated kitchens with new appliances, finished basements, or a beautiful backyard with a view can all add thousands to a home value.

Size

Square-footage is important to many homebuyers. In spite of the current trends around minimalism and being eco-friendly, the numbers show that Americans are buying increasingly larger homes and vehicles.

Market

You've probably heard the terms "buyer's market" and "seller's market" thrown around in conversations about real estate. They are essentially descriptions of the supply and demand of homes. Many buyers with few homes means you're in a seller's market, whereas a surplus of vacant homes and few prospective buyers means it's a buyer's market. This is closely tied to location, different cities and suburbs experience different rates of growth and decline depending on the local economy.




Tags: Real estate   home   value   home value  
Categories: Real estate   Home   home value  


Posted by Cindy Gordon on 11/19/2017

Dealing with a lot of stress as you try to sell your house? You're not alone. Fortunately, there are many great ways to minimize stress during the home selling process, including: 1. Prepare Before You List Your Home on the Real Estate Market A diligent home seller will prepare for the best and worst case scenarios, ensuring he or she is ready to deal with any challenges that may arise. For instance, you should conduct extensive research before you list your house on the real estate market. By doing so, you can determine a fair price for your residence and may be able to reduce the need for potentially stressful negotiations with prospective homebuyers. Don't forget to get your home appraised, too. A home appraisal will enable you to find out what your home is worth and discover ways to boost the value of your house as well. 2. Try to Focus on the Positives Unfortunately, when it comes to selling your home, it's often easy to see lots of negatives. From homebuyers who seemingly demand the world from you to the stress associated with keeping your home pristine in the event that you need to host a home showing on short notice, these negatives can add up quickly. And as such, they can cause a tremendous amount of stress. As a home seller, it's important to focus on the positives of your day-to-day life and use these positives to outweigh the negatives frequently associated with selling a home. Whether it's spending time with family members and friends or simply going for a walk on your own, there are many stress-relieving activities that you can enjoy any time you choose. Try to find stress-relieving activities that make you smile, and you should have no trouble maintaining a positive outlook as you try to sell your residence. 3. Work with a Dependable Real Estate Professional Why should you leave your home sale to chance? Instead, work with a reliable real estate agent, and you can minimize stress throughout the home selling process. Many real estate agents are available, and you should try to find one who will collaborate with you during every stage of the home selling journey. Ideally, the perfect real estate agent will possess extensive industry knowledge that makes him or her qualified to sell your residence. You also should strive to find a real estate professional who understands your wants and needs and will stand by your side in both good times and bad. Perhaps most important, your real estate agent should be ready to answer any concerns or questions that you may have at any time. Thus, this professional will be able to help you relieve stress and streamline the process of selling your house. There's no reason to let stress get the best of you as you try to generate interest in your home. But with the aforementioned tips, you'll be able to alleviate stress throughout the home selling process.





Posted by Cindy Gordon on 11/5/2017

The corner lot is a prized piece of real estate. Is living on the corner really all that it is said to be? The truth is that there are both pros and cons to buying the corner lot. Breaking down the pros and cons of the corner lot can help you to make an informed decision on your home purchase. The Upside There’s so many advantages to living on the corner lot. Living on the corner lot feels like you’re living on more space. Corner lots also enable you to have a garage on the side of the home, because you have roads on both the front and the side of the home. Wrap-around porches are a reality on corner lots due to their design. The ultimate privacy is also available on the corner lot, since you only have one neighbor on one side of the house. These are definitely pros for people who are looking for privacy. This gives your family flexibility to use both the front and the side yard with ease. There’s so many things you can do with the extra space on the larger side yard like put up a basketball hoop, plant a garden, or set up a volleyball game. The possibilities are endless. The Downside There are some downsides to living on the corner lot. First, there’s a lot more to landscape. With more yard, this only stands to reason. You want your yard to look even and flow beautifully with the way it’s landscaped, so there’s a bit more work to be done in this area. This landscaping work includes trimming, mowing, irrigating and maintaining. Your garage or driveway will also be affected by owning the corner lot. Since it may be set back more from the street, entering and exiting your driveway will be challenging in some cases. You also need to be mindful that your car isn’t edged out into the sidewalk or the road when it is parked. Another downside to the corner lot is that it’s often more expensive since it’s usually a more versatile piece of land. While privacy is a plus on the corner lot when it comes to neighbors, privacy could be a negative for these homes depending on the location. Noise and privacy concerns are a must consider when it comes to homes in certain locations because the amount of traffic (whether by vehicle or by foot) can cause some disturbances to you and your family. To remedy this problem, you may consider installing fencing or other landscape buffers. These privacy concerns may not be as much of an issue depending upon the design of the home. If you consider where the entrances to the home are as well as the location of the garage, the house could be perfect for your needs. No matter where you choose to live, pay special attention to the lot surrounding the home before you decide to buy. It’s important to choose to live in a place where you’ll feel comfortable and happy.