It’s Not Just About the Price of the HomeWhen most of us begin searching for a home, we naturally start by looking at the price. It’s important, however, to closely consider what else impacts
Selling Your Own Property
Dated: December 31 2015
Here's what you should know about your E&O
Many Real Estates brokers and agents handle transactions in which the are selling their own properties. Most errors and omissions insurance policies define home-ownership as having 10% or grater ownership interest in a property. While some E&O policies exclude coverage when you are selling your own property. most companies will offer coverage if the following items are in you file.
The date the buyer had the home inspection performed and name of the inspector.
A home warranty
A seller's disclosure
A written disclosure notifying buyers the property is owned by an agent or broker
If a buyer refuses the home inspection on and home warranty, some companies will allow a waiver.
it is a good practice to have the items above included in all files-not just when selling your own property. if you do some E&O Carriers may lower your deductible or even waive it entirely.
Who are these Chicks? A group of woman who knows that we can offer more together than separately. In this small diversified group of not only realtors, some are also tax preparers, pastors, invest....