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June Piper-Brandon CDPE, CIAS, ePro, Assoc. Broker
More about me… Century 21 New Millenium Address: 6300 Woodside Court, Columbia, MD, 21046 Office Phone: (410) 730-8888 Cell Phone: (410) 292-0100 Email Me
Buying a house, selling a house, home buying tips and advice, Advice, Market Conditions, Listings in Baltimore.
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Showing posts with label home buying tips. Show all posts
Showing posts with label home buying tips. Show all posts
Tuesday, November 20, 2012
Top Ten Reason's You Need a Buyer's Agent to Buy a Home
Wednesday, April 4, 2012
Guidelines for Purchasing a Home Warranty
Guidelines for Purchasing a Home Warranty
Since 1988, the Service Contract Industry Council (SCIC) has been the leading advocate on behalf of consumers and the home service contract industry, making sure that the legal environment for home service contracts (often referred to as home warranties) is consistent from state to state. "Consistency across all 50 states helps to regulate the industry and ensure customer satisfaction and protection," said Timothy J. Meenan, executive director for the SCIC.
The SCIC offers the following guidelines when purchasing a home service contract for your home this spring.
What is a home service contract?
The typical home service contract is a one-year contract that protects a homebuyer or current homeowner against the cost of unexpected repairs or replacement of major systems and appliances that breakdown due to normal usage or defects in materials or workmanship. A home service contract can:
Guidelines for Purchasing a Home Warranty
Real estate professionals, builders and independent providers sell home service contracts. A home service contract can be purchased at any time, including at the time of purchase, and is usually transferable to a new owner, although a small transfer fee may apply.
What is the difference between a home service contract and homeowner's insurance?
Do I need to be
buying or selling a home to purchase a home service contract?
No. A home service contract provides valuable protection for current homeowners when a system or appliance fails.
Can I transfer my home service contract to the new buyer of my home?
Most home service contracts are transferable and may offer the option to allow the buyer to change or upgrade the service contract. A low-cost transfer fee may apply.
Can I customize the home service contract to meet the needs of my home?
Yes, but fees may apply. You may be able to purchase a home service contract that covers smaller appliances such as ceiling fans and built-in microwaves. Additional fees apply for coverage for private wells and septic systems.
How are contractors screened?
SCIC member companies typically put their contractors through a rigorous screening process that includes state license verification, detailed reference verification, and background checks.
How do I file a claim?
Homeowners are given a toll-free number to call. The home service contract company will verify your coverage and dispatch an independent contractor to assess the problem and replace or repair the item as necessary. A service fee, $50 on average, is charged per service visit.
What Can Cause a Denial of Payment?
Home service contract coverage varies from state to state and from policy to policy so the consumer needs to:
The Service Contract Industry Council is a national trade association that has been instrumental in working with state legislators and regulators across the country to develop laws to protect consumers.
For more information, visit www.go-scic.com.
If you are thinking of buying or selling an home in Maryland give me a call at 410-292-0100 or start your search here and we'll talk about the market conditions and what your home could possibly be worth in today's market place if you are thinking of selling. If you are considering buying a home, there is no better time than now to buy. The tax savings and wealth building alone is worth the plunge into todays market. Century 21 New Millennium is part of the largest nationwide relocation company and can assist with your move here in Maryland or anywhere in the United States or abroad. Ask me how.
Since 1988, the Service Contract Industry Council (SCIC) has been the leading advocate on behalf of consumers and the home service contract industry, making sure that the legal environment for home service contracts (often referred to as home warranties) is consistent from state to state. "Consistency across all 50 states helps to regulate the industry and ensure customer satisfaction and protection," said Timothy J. Meenan, executive director for the SCIC.
The SCIC offers the following guidelines when purchasing a home service contract for your home this spring.
What is a home service contract?
The typical home service contract is a one-year contract that protects a homebuyer or current homeowner against the cost of unexpected repairs or replacement of major systems and appliances that breakdown due to normal usage or defects in materials or workmanship. A home service contract can:
Guidelines for Purchasing a Home Warranty
• lessen the risk of costs and delays if a system, system component or appliance malfunctions during the selling process;Who sells home service contracts?
• help to resolve issues discovered during the home inspection stage;
• reduce any after-sale liability by a seller;
• add value and improve marketability of homes; and
• increase a buyer's confidence in their home investment.
Real estate professionals, builders and independent providers sell home service contracts. A home service contract can be purchased at any time, including at the time of purchase, and is usually transferable to a new owner, although a small transfer fee may apply.
What is the difference between a home service contract and homeowner's insurance?
• Home service contracts typically cover the major systems in your home in the event of breakdown or malfunction including electrical, plumbing, heating and air conditioning systems, and built-in appliances such as ranges, washers and whirlpool baths.
• Homeowner's insurance covers the structure of a home and personal belongings in case of a fire or natural disaster such as hurricanes and lightning, and provides liability coverage in case someone is injured on the property.
• Home service contracts are optional in real estate transactions.
• Homeowner's insurance is almost always required, especially if the buyer has a mortgage.
• A home service contract is not a substitute for a homeowner's insurance policy. A home service contract is a beneficial supplement to a homeowner's insurance policy as homeowner's policies generally do not cover items for breakdowns or malfunctions due to normal wear and tear or defects in materials or workmanship.
No. A home service contract provides valuable protection for current homeowners when a system or appliance fails.
Can I transfer my home service contract to the new buyer of my home?
Most home service contracts are transferable and may offer the option to allow the buyer to change or upgrade the service contract. A low-cost transfer fee may apply.
Can I customize the home service contract to meet the needs of my home?
Yes, but fees may apply. You may be able to purchase a home service contract that covers smaller appliances such as ceiling fans and built-in microwaves. Additional fees apply for coverage for private wells and septic systems.
How are contractors screened?
SCIC member companies typically put their contractors through a rigorous screening process that includes state license verification, detailed reference verification, and background checks.
How do I file a claim?
Homeowners are given a toll-free number to call. The home service contract company will verify your coverage and dispatch an independent contractor to assess the problem and replace or repair the item as necessary. A service fee, $50 on average, is charged per service visit.
What Can Cause a Denial of Payment?
• Improper maintenanceWhat are the consumer's responsibilities?
• Code violations
• Unusual wear and tear
• Improper installation
What is generally NOT covered?
• Outdoor items such as sprinklers
• Faucet repairs are not covered under all plans
• Garage door openers
• Spas or pools, unless specific coverage is requested
• Permit fees
Home service contract coverage varies from state to state and from policy to policy so the consumer needs to:
• Request a copy of the contract before buyingAbout the SCIC
• Read the provisions carefully and become thoroughly familiar with all coverage, limitations and exclusions
• Carefully fulfill all contract responsibilities, such as regular filter changes for your heating/air conditioning systems
• Keep the service contract paperwork, original receipt(s), and all maintenance records
• Research the service contract company
The Service Contract Industry Council is a national trade association that has been instrumental in working with state legislators and regulators across the country to develop laws to protect consumers.
For more information, visit www.go-scic.com.
If you are thinking of buying or selling an home in Maryland give me a call at 410-292-0100 or start your search here and we'll talk about the market conditions and what your home could possibly be worth in today's market place if you are thinking of selling. If you are considering buying a home, there is no better time than now to buy. The tax savings and wealth building alone is worth the plunge into todays market. Century 21 New Millennium is part of the largest nationwide relocation company and can assist with your move here in Maryland or anywhere in the United States or abroad. Ask me how.
In keeping with saluting our heroes, during 2012 I am waving flat fees for active duty military, retired military and the families of fallen military, as well as policemen, firemen and emt's. If you enter into a contract by the New Year's eve I will waive the flat fee at settlement. This is a $395 savings. If you are thinking about buying or selling a home give me a call and receive full service real estate assistance from an experienced agent. Our office is open 7 days a week and we can be reached at 410-730-8888 or I can be reached directly at 410-292-0100.
June Piper-Brandon ~ Associate Broker, CDPE, CIAS, ePro
Wednesday, March 28, 2012
Is Your Auto Insurance Sufficient? Time to Look Again
Is Your Auto Insurance Sufficient? Time to Look Again
While you may believe you have ample car insurance, the cars on the road around you may not. According to the Insurance Research Council (IRC), about 14 percent of drivers nationwide (roughly one in seven) are uninsured. That means that of the nearly 5.5 million car accidents in 2009, nearly 770,000 involved an uninsured driver. While this number usually decreases as unemployment rates improve, it’s a prudent idea to make sure your insurance is sufficient for covering an accident with an uninsured driver.
According to North Carolina attorney Dre Fleury with the law firm Crumley Roberts, the minimum required coverage is usually not enough.
"You can't always avoid an auto accident, but you can protect yourself financially, and you may find that for just a few extra dollars per month you could quadruple your coverage," advises Fleury. Unfortunately, there is no one-size-fits-all solution for ensuring enough coverage. Factors such as age, driving record, where you live, family size and much more can affect your insurance costs and coverage needs.
"Policies can be very detailed and highly personalized, but the key areas you want to review are liability and uninsured/underinsured motorist coverage," says Fleury. "Medical payments coverage is also a great thing to have in your policy.
"It's not just uninsured or underinsured drivers who pose a risk," adds Fleury. "If you're at fault in an accident, not having enough liability coverage could wipe you out financially, and the person you injure can even come after your home, assets and more."
To help balance out the increased costs of liability insurance, Fleury suggests decreasing your collision and comprehensive insurance if you have an older car with no loan.
Source: Crumley Roberts, LLP
If you are thinking of buying or selling an home in Maryland give me a call at 410-292-0100 or start your search here and we'll talk about the market conditions and what your home could possibly be worth in today's market place if you are thinking of selling. If you are considering buying a home, there is no better time than now to buy. The tax savings and wealth building alone is worth the plunge into todays market. Century 21 New Millennium is part of the largest nationwide relocation company and can assist with your move here in Maryland or anywhere in the United States or abroad. Ask me how.
While you may believe you have ample car insurance, the cars on the road around you may not. According to the Insurance Research Council (IRC), about 14 percent of drivers nationwide (roughly one in seven) are uninsured. That means that of the nearly 5.5 million car accidents in 2009, nearly 770,000 involved an uninsured driver. While this number usually decreases as unemployment rates improve, it’s a prudent idea to make sure your insurance is sufficient for covering an accident with an uninsured driver.
According to North Carolina attorney Dre Fleury with the law firm Crumley Roberts, the minimum required coverage is usually not enough.
"You can't always avoid an auto accident, but you can protect yourself financially, and you may find that for just a few extra dollars per month you could quadruple your coverage," advises Fleury. Unfortunately, there is no one-size-fits-all solution for ensuring enough coverage. Factors such as age, driving record, where you live, family size and much more can affect your insurance costs and coverage needs.
"Policies can be very detailed and highly personalized, but the key areas you want to review are liability and uninsured/underinsured motorist coverage," says Fleury. "Medical payments coverage is also a great thing to have in your policy.
"It's not just uninsured or underinsured drivers who pose a risk," adds Fleury. "If you're at fault in an accident, not having enough liability coverage could wipe you out financially, and the person you injure can even come after your home, assets and more."
To help balance out the increased costs of liability insurance, Fleury suggests decreasing your collision and comprehensive insurance if you have an older car with no loan.
Source: Crumley Roberts, LLP
If you are thinking of buying or selling an home in Maryland give me a call at 410-292-0100 or start your search here and we'll talk about the market conditions and what your home could possibly be worth in today's market place if you are thinking of selling. If you are considering buying a home, there is no better time than now to buy. The tax savings and wealth building alone is worth the plunge into todays market. Century 21 New Millennium is part of the largest nationwide relocation company and can assist with your move here in Maryland or anywhere in the United States or abroad. Ask me how.
In keeping with saluting our heroes, during 2012 I am waving administrative fees active duty military, retired military and the families of fallen military, as well as policemen, firemen and emt's. If you enter into a contract by the New Year's eve I will waive the admin fee at settlement. This is a $395 savings. If you are thinking about buying or selling a home give me a call and receive full service real estate assistance from an experienced agent. Our office is open 7 days a week and we can be reached at 410-730-8888 or I can be reached directly at 410-292-0100.
June Piper-Brandon ~ Associate Broker, CDPE, CIAS, ePro
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