Archive for May, 2013

Tornado? Don’t Just Take Cover, Get Coverage!

May 28, 2013
Source: AP Photo/Alonzo Adams

Source: AP Photo/Alonzo Adams

With the recent devastation in Oklahoma caused by tornadoes, it’s time to revisit if your insurance covers everything that’s needed in the event of this type of natural disaster.

The homeowner and auto insurance policy obviously respond to damage caused by windstorm.  Tornadoes and Hurricanes fall into that category. On the home insurance side, the following coverage will apply for all of those folks who had an insurance policy: (more…)

The 123’s of Warehouse Buying

May 20, 2013

warehouse_buyingAs commercial real estate continues to make a comeback, many buyers who are looking to expand their various businesses are beginning to look at the properties currently on the market. Warehouse space is one of the first items that a growing business will look for when it comes to storage or creation of goods.

Warehouses are used by manufacturers, importers, exporters, wholesalers, transport businesses and more. They are generally plain buildings in industrial areas, and include loading docs to load and unload goods from trucks.

If you are thinking of purchasing a warehouse, you should consider the following: (more…)

Home Improvement: 12 Key Questions to Ask Before You Hire a Contractor

May 13, 2013

home_improvement_contractorSpring is the season for home improvement. The weather is great, and everyone is in a “fix ‘er up” mood. In addition, many sellers consider home improvement before putting their home on the market.

A few small improvements could make a world of difference in selling your home. While major renovations might raise the cost of your home, minor fixes might help it sell faster.

Whether it’s big or small, I strongly recommend hiring a home improvement professional for a variety of jobs: Electrical, structural or even cosmetic. While painting the house might seem like a job you might be able to handle on your own, there is a chance that your time could be better spent elsewhere.

With this in mind, I’ve come up with some key questions to ask your contractor before signing any type of contract with them: (more…)

Does Your Buyer’s Pre-Qualification Hold Water?

May 6, 2013

does_prequal_hold_waterThe critical first step in the home buying process today is the pre-qualification/pre-approval process.  Home sellers should be very selective when considering which buyer’s offer they will accept when they have multiple offers to choose from. The only thing worse than no offer, is selecting the wrong offer based on a meaningless pre-qualification letter!

The truth is most pre-qual letters only mean that the lender has pulled a credit score on the potential buyer and the  credit score meets the minimum score requirements. This is simply the first hurdle in the total mortgage loan underwriting process. Lenders issue “pre-qual” or “pre-approval” letters every day based solely on a credit score only. The language in their pre-qual letter goes something like this: (more…)