A flood of insurance

Posted by at 10:28 am

Following the record damages from hurricanes Irma and Harvey, insurers are sounding the alarm bells – development across the country has turned many areas into potential flood zones.   It’s not entirely surprising. While areas like Coastal Florida require all homeowners to have flood insurance because of the high risk, most U.S. homeowners don’t live in areas prone to heavy flooding – or so they thought. Residential development eats up absorbent grasslands in and around cities, and also leads to the addition of more non-porous structures like roads and foundations, which can block the natural flow of stormwater runoff. Unless you live on a hilltop, insurers recommend at least some flood insurance. Administered by the federal National Flood Insurance Program and available through many insurances agencies, a flood policy costs about $500 a year for $250,000 of coverage. For a lot of families, an extra $500...
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Exploding home values mean refis, remodels

Posted by at 11:25 am

The low supply of houses on the market in the home stretch of 2017 continues to ramp up demand, jolting home prices “through the roof.” Most current homeowners can count on rising values for the foreseeable future! Cash-out refinances and other home equity loans are ways to pay for repairs or remodels that can push home values even higher. Updates and improvements can be used to enhance personal comfort, maintain property value – or even increase the chance of getting top dollar when an owner does decide to sell! Many of today’s first-time home buyers go smaller or older by necessity – just to get a foot in the door. They can build their dreams with the help of home equity! For homes built before 1940, updates to roofing, gutters and HVAC trend high on the list, along with abatement of toxic...
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September 15th, 2017

Equifax breach affects millions

Posted by at 10:05 am

Vigilance is the watchword after 143 million consumers had personal data hacked from the computers of Equifax, one of the three large firms that handle credit reporting in North America. The FBI, Federal Trade Commission and Congress are investigating. But the incident drives home the point that today’s consumer must become his or her own chief privacy security officer. Identity theft experts say the best thing to do is be more on guard than ever about personal and financial information. Check your credit score – it can be done for free once a year at annualcreditreport.com. Watch bank and credit card statements for unusual charges, and don’t open suspicious emails. Consumers can go to www.equifaxsecurity2017.com for updates on the company’s internal investigation, as well as check to see if their information was potentially exposed (almost everyone’s was). The company is...
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September 14th, 2017

Plan to maintain financial control

Posted by at 10:38 am

Sometimes the pressure of monthly bills can make you feel like you’re losing control of your personal financial situation. The Consumer Financial Protection Bureau recently released a comprehensive list of strategies and advice to help prevent catastrophic financial breakdown. Start with a plan. Make a list of all bills and due dates to help assess financial obligations. To help get a total picture of monthly bills, set up a calendar to identify the weeks you have the most money due. The CFPB has a template you can use. Use the calendar to weigh the risks of falling behind on each different bill. While not ideal, this may prevent you from losing your car or house, having utilities shut off, or getting into serious default on a loan. Try calling your creditors if you think you’re going to miss a payment...
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September 8th, 2017

Virtually impossible to stop tech revolution

Posted by at 2:27 pm

The Tech Revolution continues to pick up speed   –  and the array of new gadgetry to help real estate industry pros is no exception! In the 1990s and 2000s, cellphones and smartphones freed agents from their office chairs (and chained them to their cars). Who knew that was just the beginning? Now drones soar high overhead, offering professional-quality listing photos from unprecedented perspectives. How about the virtual real estate broker? The concept has been around since at least 1987, when the movie “RoboCop” showed a home tour guided by an agent who popped up on screens as shoppers moved from room to room. With instant messaging apps like Skype and FaceTime, buyers can take home tours without actually being present. One company offers a robot that tours homes for you with a camera, broadcasting videos that can be streamed online. Some...
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