Contingency for Insurability of the Property, 11-30-2017

This week Dawn explains why it is so important for a Buyer to perform due diligence when determining if he can afford the cost of property insurance. Should the Buyer be approved, but feels the cost of insurance is too high, he has a limited opportunity to terminate the contract before that contingency is waived.

Debbie Holt
over 4 years agoNovember 30, 2017 
Just had an experience with a property represented by Open Door.  The buyer kept receiving refusals for insurance from various companies.   Finally the CLUE report was made available to the buyer and he discovered that there had been repeated claims for mold damage at the property.   The disclosure had no information about insurance claims for water damage.    Huge mess.....
Anonymous
over 4 years agoDecember 1, 2017 
Thank you for sharing Debbie and thanks for watching our Tip of the Week!
A. Lance
over 4 years agoDecember 1, 2017 
Your video's and information is always super helpful! These are the best things I receive in my inbox!!! Appreciate them greatly!
Anonymous
over 4 years agoDecember 1, 2017 
Thank you!
Dave Folsom
over 4 years agoDecember 1, 2017
02:35:77 
Excellent point on insurability Dawn!
Anonymous
over 4 years agoDecember 1, 2017 
Thanks for your comment Dave.  Have a great weekend!
Cathy Witte - Broker Associate - Allie Beth Allman
over 4 years agoDecember 13, 2017 
Great message.  These are the MOST helpful & this is the MOST efficient way to educate us on the fine points that will separate us from the pack.  Many thanks...
Your comment