Home Improvement

Protect Against Wire Fraud

Important Information Regarding Fraudulent Instructions to Wire Funds

 

Today we have all become more vulnerable to wire fraud, unfortunately, and we want to make sure you exercise caution before transferring any funds by wire.   Wire fraud scams are becoming more prevalent whereby fraudulent individuals are creating emails that can fully replicate those that will look familiar to you - for instance - from your Realtor, your attorney, or lender.  They will send you a personal email requesting that you "wire funds for your closing", or other, only to be ultimately routed to a bogus account.  Therefore, if you ever receive any correspondence that appears to come from your Realtor, or your attorney, or lender, or anyone else, please contact us or your attorney, immediately by calling on the phone.  

In addition, we strongly recommend that you not include any sensitive information in your email correspondence to the parties who are involved in your real estate transaction, including account numbers, routing numbers, social security numbers, etc.  Instead, provide any essential information required for the closing by your lender or attorney or other professional, by phone. As with any phone calls you might make relative to these matters, please make sure you have verified the phone number, and not taken one from a website or email.  

If you need to wire funds for your closing, please be sure to contact your Realtor or attorney or lender by phone to complete the transaction.

Above all, please consult with your attorney about any of the above, as this is not intended to be a representation of legal advice to you.

Effective Improvements for a Faster Sale

Effective Improvements for a Faster Sale

 

You have decided to sell your home, and you are eager to sell it ASAP! Here are the ways to efficiently and effectively improve your home for a speedy sale.

 

You have decided to sell your home, and you are eager to sell it ASAP!  You need to move or want those proceeds immediately, but how? Let’s go through the best ways to efficiently and effectively improve your home for a speedy sale.

First, curbside appeal.  This is the first thing every potential buyer sees so make it stand out!  Some suggestions:

  • Hire a gardener to clean and spruce up the entrance
  • Remove superfluous items from the front of your home, i.e. garbage cans, strollers, etc.
  • Put a fresh coat of paint on your home’s exterior

Second, this is the time to clean and eliminate all clutter inside your home.  Here’s how:

  • Give away extra toys, clothes, and anything else that makes it look crowded or disorganized
  • Organize the kitchen countertops and closets
  • Place bulky items in storage

Third, landscaping matters.  A large yard cannot shine if the plants, grass and trees are in bad shape.  Try the following ideas:

  • Artificial grass-this always looks amazing and eliminates the need for maintenance
  • Tie orchids around the trees, plant fresh flowers and maintain the grass and trees

Fourth, look under the hood.  Make the inside of your home look as good as possible.

  •  This is the time to do some of the minor repairs you have been putting off.  This will make your home look better and may eliminate certain issues during the Inspection Period.
  •  Yes, it seems expensive or time-consuming.  However, if you hire a professional company, this can truly make the difference and get you more money in less time.

Finally, hire a professional, licensed realtor.  A realtor with experience and expertise can help sell your home quickly for the best price.   

5 Things That Might Nullify Your Homeowners Insurance

 

Home insurance is essential, regardless of your house’s size or location. However, even if you have homeowners coverage in place, there are many reasons why your home insurance policy may become null and void. Here are a few to watch out for.

 

1. Keep Receipts of Your Belongings

 What good is home insurance if you can’t get the coverage you need for all of your possessions? Ultimately, you’ll need receipts to verify property ownership—along with when you purchased property and how much you paid for it—to your home insurance provider. If you file a home insurance claim for a lost, stolen or damaged item and cannot verify property ownership, your policy could be voided. 

2. Avoid Submitting an Excess Number of Claims

Most homeowners are unlikely to submit a home insurance claim in a given year, which is reflected in recent data from the Insurance Information Institute (III). In fact, about 5 percent of all homeowners submitted a home insurance claim in 2014, according to the III. Among these claims, property damage accounted for 97 percent.

3. Report Major Home Renovations

 

Do you want to add a new bedroom to your house? Or maybe you plan to install a swimming pool in your backyard? If you complete home renovations and fail to notify your home insurance provider, you may put your homeowners coverage in danger.

 

4. Be Proactive When Traveling

Leaving a home vacant for more than a few days can be risky. For example, consider what might happen if you embark on a two-week winter vacation. You may leave your home empty for the duration of your vacation. Meanwhile, if a pipe freezes and bursts while you’re away, the associated property damage could be significant.

 

5. Avoid Deliberate Property Damage

Let’s face it – no one wants to pay the steep costs associated with home improvement or maintenance projects. In some instances, homeowners might consider causing property damage in the hopes that their home insurer will cover their property replacement or repair costs. Yet deliberate property damage is not covered under a homeowners policy.

 

Check out the Coldwell Banker Blue Matter Blog for details on how you could inadvertently nullify your homeowners insurance.