We are the New Jersey title insurance agent that does it all for you.
For your next commercial real estate transaction, house purchase, mortgage refinance, reverse mortgage, or home equity loan, contact us, Vested Land Services LLC. We can help!
Title insurance may seem like just another expense to pay
when you buy your home, but this coverage may be more important than you think. Title insurance seems unnecessary, but, when you need it, you’ll be glad you
have it.
For instance, someone says they have a claim against your
home, your title insurance policy steps in to protect you from financial
damages. Title insurance can also protect you from the impact of old liens,
unpaid property taxes or even the contractor who says he was never paid for
work on the home.
If you are worried about being overcharged, please know that title insurance premiums are regulated by the New Jersey Department of Banking and Insurance.
To learn more about title insurance, call us, or take a look at the NAIC article the Vitals of Title Insurance.
For your next title order or
if you have questions about what you see here, contact
We are the New Jersey title insurance agent that does it all for you.
For your next commercial real estate transaction, house purchase, mortgage refinance, reverse mortgage, or home equity loan, contact us, Vested Land Services LLC. We can help.
Accessory Dwelling Unit is a mouthful. What does it mean? How about "where do I put my mother?
From NYTIMES.COM-
When Jeni Nunn, an agent with Intero Real Estate in Santa
Clara, Calif., and her husband bought their 1,270-square-foot house, they
planned to use its deep backyard to build a pool or playground. But they
switched course when Nunn’s dad and mom (diagnosed with Parkinson’s) couldn’t
find an affordable condo nearby. Instead, four years ago, they built a
640-square-foot, wheelchair-accessible, one--bedroom house, with room for their
baby grand piano, for $160,000—a bargain in the Bay Area. “For us, it’s the perfect
scenario,” says Nunn, who is also a mother of four. “I can send my 3-year-old
into the backyard. ‘Go to grandma’s house!’ ”
Nunn’s own build-out put her at the leading edge of the
movement to address one of today’s most vexing real estate problems: the need
for affordable housing in areas with tight inventory. These secondary
residences, known formally as “accessory dwelling units,” have become a popular
alternative in high-demand areas of the U.S., from Washington, D.C., to
Seattle. And local governments are increasingly passing measures that makes it
easier for homeowners to build and rent out ADUs. The homes are permanent, with
their own entrance, kitchen, and full bath. “It’s a self-contained dwelling on
the same property as a standard single-family home,” explains Martin Brown, a
researcher who co-edits AccessoryDwellings.org and rents out an ADU on his
Portland, Ore., property. While much attention has been paid to the rise of
tiny homes under 400 square feet, the emergence of compact ADUs has been
similarly swift, if with less hype.
We are the New Jersey title insurance agent that does it all for you.
For your next commercial real estate transaction, house purchase, mortgage refinance, reverse mortgage, or home equity loan, contact us, Vested Land Services LLC. We can help!
This post about the differences between a home warrant and homeowner's insurance is an oldie but a goody from Plymouth Rock Insurance and is worth setting out in full. Just remember, neither are title insurance. We can give you that!
What’s the Difference: Home Warranty Versus Home Insurance
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Last updated on July 19th, 2018 at 06:10 pm
If you own a home, you probably already have a homeowners insurance policy. If you’re shopping for a new home, you may have been approached about buying a home warranty or had one offered as part of your real estate deal. While both offer protection for your home, they’re not the same thing and it’s important to understand the differences between a home warranty versus home insurance.
What You Should Know
1. A home warranty generally helps to cover appliance or equipment breakdowns, whereas home insurance helps you repair your home from unexpected damage or situations, like fires and theft.
2. You might not have to purchase a separate home warranty. If you have home insurance through Plymouth Rock, you might be able to add optional coverages that are similar to home warranties, like equipment breakdown and utility line coverage. Plymouth Rock’s coverages can be cheaper than purchasing a separate home warranty.
If you want to know more about home insurance coverages, Plymouth Rock has handy resources for you to check out.
3. If you’re financing the purchase of your home, most lenders require homeowners insurance, but home warranties are typically optional.
Still, a home warranty could be a smart purchase depending on your own situation because it might help you control your budget for home repairs. And, when it comes to buying/selling real estate, a home warranty can offer benefits for both buyers and sellers.
Say, for example, there’s a home on the market that has a furnace and air conditioning system that’s up there in age. As a buyer having a home warranty might be a good way to guard against breakdowns or malfunctions. As a seller, offering a home warranty can help to assuage potential buyers who might be leery about buying a home with older HVAC systems.
How Each One Works
When you buy a home warranty, you purchase a service agreement that pays for the repair or replacement of things inside of your home when they break down. Compare that to home insurance, which covers your home’s actual structure and your possessions. You should check your own home insurance policy to find out exactly what it covers.
Here’s an example to help you understand the difference: your insurance policy may help to replace your washing machine if it’s damaged by a fire, but a warranty may help replace it if it simply breaks down (however, it will depend on the terms of your service agreement).
If you do opt to purchase a home warranty, you can purchase different levels of protection. Basic warranties typically cover appliances, but you can even upgrade to cover things like a swimming pool. It’s also a standard practice for most warranties to include a modest deductible.
For your next title order or
if you have questions about what you see here, contact
We are the New Jersey title insurance agent that does it all for you.
For your next commercial real estate transaction, house purchase, mortgage refinance, reverse mortgage, or home equity loan, contact us, Vested Land Services LLC. We can help.
Jennifer Geddes writing at Realtor.com lists the good and the bad about metal roofing materials.
Metal Roofing - Gary Alvis/Stock
If the time has come to get a new roof for your home, you
might like to consider the option of metal roofing. This important improvement
project is something most long-time homeowners will eventually have to
undertake, and choosing the proper roofing material should not be taken
lightly. A functioning roof will protect your home from harsh outdoor elements
like rain and snow and ensure its structural integrity.
Asphalt shingles are common, but the one type of covering
that is catching the eye of an increasing number of homeowners is metal
roofing. "Metal roofing is gaining in popularity," reports Todd
Miller, president of Isaiah Industries in Piqua, OH. It had a 14% market share
in 2016, up from 11% the year before, according to FW Dodge. Only asphalt shingles
outpace metal in the remodeling market. In terms of style and utility, metal roofing gives any other
material a run for its money, but does it suit your home (and budget)? Take a
look at the best and worst things about metal roofing before you commit to it.
We are the New Jersey title insurance agent that does it all for you.
For your next commercial real estate transaction, house purchase, mortgage refinance, reverse mortgage, or home equity loan, contact us, Vested Land Services LLC. We can help.
From The New York Times: Before You Move in With Family: A Checklist
Multigenerational housing can make sense in many ways: Older
parents can be near their adult children in the event of health issues or
emergencies, and when there are young grandchildren, having another set of
adults around can make child-rearing easier. But there are a number of things
that should be sorted out before deciding to share a home.
Jessica, left, and Keith Peterson share a two-family home with Jessica's mother, Beth Lyons, in Monroe, Conn.Credit Jane Beiles for The New York Times
Deal-breakers: Have everyone list their must-have items and
create a list that you can stick to during house hunting. Jessica Peterson was
glad that she and her parents got everything they wanted in their multifamily
home in Connecticut. “The last thing I wanted was to push my parents into a
place where they were going to be constantly complaining about how they didn’t
want to live here,” she said.
Finances: Consider who will pay for what, and how everything
will get paid. If aging parents still work, how will they deal with expenses
after retirement? In addition to the home purchase, don’t forget to factor in
other costs, including property taxes, renovations, monthly expenses like
utilities, cable and internet service, and exterior tasks like gardening and
landscaping.
Maintenance: Who will manage the maintenance of the house —
not just landscaping, but things like snow removal and gutter cleaning?
Caregiving: What role will grandparents play in the lives of
their grandchildren? Will they be regular babysitters? And if an aging parent requires care, how
much responsibility will fall on the adult child living in the house? Are there
other adult children who need to be consulted?
Exit strategy: If a family member moves out (or on), what
can will be done with the unused space? Who will receive what portion of the
sale?
Other family members: What will happen to the other spouse’s
aging parents if they need care? If adult children have siblings who do not
share ownership of the house, how will their inheritance be settled?
Sound scary? Isn't family living always scary? But, hey, there's always the built-in babysitter!
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