When you buy a home, you will be showered with offers to buy many types of insurance. The DiMora Team are real estate experts in the Northville and Novi neighborhoods and we know some types of insurance are downright essential, and others are nice but not necessary. Furthermore, others are total rip-offs to avoid at all costs. But one that’s important is Title insurance which ensures both the lender and the owner’s financial interests in the home are protected against loss due to title defects, liens, or other matters. It’s especially important to get title insurance in transactions like short sales and foreclosures, which often carry the high risk of some kind of tax lien being attached to the property. Title insurance is going to safeguard against your needing to pay for liens, and will ensure the title is clear so no one down the road could claim they own the property and file a lawsuit. If for some reason you’re dead set against getting title insurance you should at least get a lawyer to thoroughly check the property’s history to ensure there could be no future claims to title. Check out below to see what sold in Northville Colony Estates in October 2016:
16416 Weatherfield, Northville: 4 bedrooms, 2.1 bathrooms, 2,363 sq. feet, 2 car garage, Sold Price: $358,000
Northville Colony Estates Home Sold
October 2016
16029 Winchester, Northville: 4 bedrooms, 2.1 bathrooms, 2,209 sq. feet, 2 car garage, Sold Price: $361,500
Northville Colony Estates Home Sold
October 2016
Another important insurance is Homeowners insurance. This insurance covers you for a variety of things like fires and storms. You’ll want it even if you aren’t legally required to have it. For more information on Northville Colony Estates or similar Northville or Novi neighborhoods such as Orchard Ridge Estates, Lakes of Northville and Roma Ridge, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.