Buying A New House
Just got pre-approved for a home loan? Congratulations! That’s a huge step in life and it takes you so much closer to living the American Dream!
Finding and buying a new home is as exciting as it is stressful
The purchase of a home is a huge undertaking that requires a good deal of forethought and research. But once the fun part of finding your dream home begins, you’ll find yourself spending evenings and weekends driving about town with your real estate agent, and wandering through what might become your home. At night, you dream about paint colors and furniture arrangements…
When you find it, you know it. Then everything happens quite fast. Your agent might help you sign the paperwork, put in an offer for you, and then you wait to hear back whether it was accepted.
“Hurry-up and Wait” is probably a good way to describe it.
Insurance may not be your first thought when you start thinking about buying a house. But don’t let it be your last! Call the team at Hample Insurance early on to avoid unpleasant surprises and save money. We can help you make this process as smooth and stress-free as possible.
Here are a few house-buying tips to be aware of
Choose your own insurance… Don’t leave it up to someone else.
Your offer was accepted and now the real paperwork begins. Who would have thought that there would be so many documents to produce, papers to sign, and questions to answer?
Just like property taxes have become commonly rolled into an escrow account and made part of a mortgage payment, so have homeowner’s insurance premiums. Every lender requires that you have homeowner insurance in place. We can help you find the right protection at the best rate for your new home. All you have to do is get us involved early. With your permission, we can process everything so much faster when the closing date comes. Keep in mind that deadlines are always tight in the mortgage business.
How far is the nearest fire station?
You’ve always dreamed about a house in the mountains. Away from all the hustle and bustle. You found it, the perfect home, on a perfect 5-acre lot, not too far away… but far enough. However, as you receive your homeowner’s insurance statement, you swallow hard. Why did the rate increase? The distance of the nearest fire station has an impact on your homeowner’s insurance rates. The further away the nearest fire station is located, the higher the rate. This makes sense. If, heaven forbid, you ever had a fire, every second counts. With no fire department nearby, the risk for a major or total loss of your home is much higher. Insurance companies charge for higher risk. Just a piece of information to be aware of as you search for your dream home.
For detailed rate quotes and more information about potential insurance rates for a house you’re looking at, check with Hample Insurance. We are here for you!