I’m Looking To Buy A Home.
I want to buy a house, and with the declining prices, why won’t the realtor cut their fees?
I want to buy a house, and with the declining prices, why won’t the realtor cut their fees?
You are buying a house. Realtor fees are paid by the seller. Why do you care what are the fees?
come on now!
Quote:
On 2006-11-30 18:36, bgrossnickle wrote:
You are buying a house. Realtor fees are paid by the seller. Why do you care what are the fees?
what the?
Quote: come on now!
Quote:
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On 2006-11-30 18:36, bgrossnickle wrote:
You are buying a house. Realtor fees are paid by the seller. Why do you care what are the fees?
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I think the point was that a seller is going to increase the price if the fee is higher, since a seller typically has a predetermined figure that they expect to get out of their property.
Chris
It is not clear what kind of insurance to which you are referring. This is in the Landlord forum. Builders Risk is for vacant houses that are usually being rehabbed.
So ... are you asking about insurance for tenant occupied units? If so ... are you referring to hazard insurance which insures the building or liability insurance which insures you against being sued - and of course there is also umbrella insurance.
If you have low end houses, I believe it is reasonable to not fully insuring the building. But, since landlords are one of the most often sued groups I would keep the liability insurance and get an umbrella policy.
I guess insurance comes down to can you personally afford to cover the loss. If you are dealing in low end vacant homes and the house burned down, then could you afford to lose the 40k? If you are dealing in low end 350k homes and the house burned down, then could you afford to lose the 350k? If your tenant falls down the stairs and suffers a broken back, could you afford the 2 million settlement and the cost to defend yourself in court?
If you are going to skimp on the insurance, you had better have a great asset protection plan - especially if "your portfolio is built up" - since you have more to lose.
Playground...
1. Look at liability insurance as PART of an asset protection strategy, not an ALTERNATIVE...
2. If you insure against catastrophe (and the definition is personal) and never use the coverage, you still win (because you never needed it). It is inherently a necessary evil...unless you need it!
[addsig]
Pre paid legal services are probably the cheapest insurance against nuisance suits.
Chris
If you are counting on PPL to completely defend such suits, without any cost other than the membership fees, you need to look into your membership parameters...
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Best regards,
Tim[ Edited by norrist on Date 12/03/2006 ]