As we march slowly towards closing on our place, we are getting all of our paperwork in order to prepare for the next steps. What are the issues you're facing now that you could use some help with? Maybe our shared experiences can shed light and make the process easier.
We have been calling around this week for homeowners insurance - it's a lot of work! Lots of emails and forms to fill out. What are you working on this week?
On our current apartment (a co-op) we used All State. They have Co-op and Condo insurance. It's a bit cheaper than full homeowners insurance and gets you about the same amount of coverage.
ReplyDeleteWhat's the amount of coverage that you would usually get for property protection? Do you insure the full purchase price of the home, or a percentage? We are talking to Allstate too and they sound pretty reasonable.
ReplyDeleteWith the co-op insurance we got for the amount of our personal items we purchased and then added approximately 10,000 for other issues. I don't know about condos, but in a co-op you only needed to cover what was inside your walls. The rest was taken care of by the co-op fees.
ReplyDeleteHi all!
ReplyDeleteWe're looking forward to signing the contract next week and hopefully closing next month. We'd like to get a headstart on financing - have most people gone through the preferred lender? If not, any advice/suggestions on banks that have been able to close quickly? Thanks for the help!
Hi all!
ReplyDeleteWe're looking forward to signing the contract next week and hopefully closing next month. We'd like to get a headstart on financing - have most people gone through the preferred lender? If not, any advice/suggestions on banks that have been able to close quickly? Thanks for the help!
Hi HD!
ReplyDeleteI know that at least one of us on this board has gone with Norman Calvo at Universal Mortgage (norman at universalmortgageinc.com), and 2 of us have gone with Nicole McCarthy at Investors Savings Bank (nmccarthy at isbnj.com)
I have dealt with both Norman and Nicole throughout our process and they are great.
Good luck with the contract process! Feel free to reach out with any questions along the way!
Thanks for the info! Unfortunately, my husband's company has relationships with both banks that disallow us from getting financing from either. Please let me know if you hear of any other apartments that closed with other banks!
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