Varying Costs Influence Buyers in Rental Market
Posted by admin on 28 Sep 2011 | Tagged as: Hall Of Investment, School of Real Estate, Social Resources
According to Helen Pastorino’s report on Real Estate Insurance, insurance companies are becoming more demanding in insisting that buyers of properties buy properties that meet all of the guidelines outlined in C.L.U.E of the Comprehensive Loss Underwriting Exchange. Home insurance policies are being denied to homes in areas that are subject to natural disasters. However, in addition, to denying homes in flood or fire zones, insurance companies are now also denying home insurance policies to homes that might have problems which were at one time overlooked like a leaky roof or possible carbon monoxide leakage. Home insurance policies are possible for homes with leaky roofs if the roof is repaired in a specified amount of time. If carbon monoxide detectors are not seen in the home, the insurance company can deny coverage. The tightening up of issuing home insurance policies to homes that have problems is adding to the real estate brokers job in finding qualified buyers who are willing to agree to fix those problems in a specified amount of time before they can find a home insurance company to issue them a policy.
Without a home insurance policy, a bank will not approve financing in the purchase of a home. These real estate problems with home insurance companies are being felt all over the country in rural as well as city areas. In addition to making corrections on properties they are planning to buy, the cost of home insurance has been steadily rising which is also adding to the real estate situation.
The full version of this article can be found on www.Pertria.com. Located in Silicon Valley, CA, and founded by Helen Pastorino
, Pertria is a firm representing residential and commercial real estate sales, investment analysis and property management strategically aligned with like-minded financial professionals including Certified Financial Planners, tax advisors, insurance specialists and legal counsel collectively providing clients with well grounded strategies designed to maximize opportunity and mitigate risk.
Firm Facts: Licensed real estate brokers who have passed the Series 65 exam; Experienced in charitable remainder trusts; IRC 121, REO and short sales; divorce; probate and relocation; reverse exchanges, and IRC1031-1033; Real property management portfolio exceeds $202 million in value; Real property management portfolio rent revenues of $9.2 million annually; Integration of technology providing increased capacity to efficiently process client; financial reporting and resident management; Establishment of rigorous 26 week Real Estate Investment Advisory education course featuring speakers from disciplines ranging from Legal Counsel, Financial Services, Insurance, Commercial, Exchange Coordinators, TIC, Trusts, IRA.
For more information on Pertria and Helen Pastorino, please visit www.pertria.com.
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