insurance wilimington

First-Time Home-Buying Tips

Becoming a homeowner is one of the biggest accomplishments that you can achieve. You are on your way to living the American dream! If you are in the process of house-hunting, know ahead of time what you should expect when you make that big purchase.

Homeowner’s Insurance

It doesn’t matter what state you live in: Washington, Wyoming or South Carolina, homeowner’s insurance is an absolute must. Know what kinds of risks your home needs to be covered from, even risks that are unique to the area you live in. For example, insurance in Wilmington might differ from insurance in Seattle. Whereas Seattle homes might require earthquake and volcano insurance, insurance in Wilmington might need hurricane and tornado insurance.

Bidding Wars

Prepare for a possible bidding war and know that you might not get the first house you make an offer on. Don’t let this discourage you; it means that you weren’t meant to have that house. Keep looking and making offers. Your dream home is waiting for you.

Hurry up and Wait

As eager as you are to be given the keys to your new home, expect a lot of waiting around. Rest assured that there is a lot of activity happening behind the scenes. There is much to be done between the financial institutions, the sellers and the realtors. Once the deal goes through and the papers are signed, you will be busier than you ever expected. Know what to expect in first-time home buying. It can prepare you for one of the most exciting times in your life.