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Real Estate: Tom Kelly


Tom Kelly
Tom Kelly
The Real Estate Adviser
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May 28, 2009

The Real Estate Adviser: Insurance skyrockets when house is vacant

By Tom Kelly
Special to the Journal

Homebuyers are finding tougher guidelines and higher premiums from insurance carriers, and there certainly aren't any bargains for sellers who need to move — or who would simply like a change of scenery.

In a recent Puget Sound case, owners decided to sell a three-bedroom, three-bath primary residence and move into a nearby rental property they owned that better fit their needs. The primary residence, on a gorgeous acre with wonderful landscaping and a couple of ponds, demanded more time and maintenance that the owners had to give.


 
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