How to Get More Than The Asking Price For Your Property

When the number of real estate buyers is greater than the number of available homes, real estate property values usually go up. It’s an ideal environment for sellers because buyers are forced to compete, and properties usually sell quickly - often for even more than the asking price!

But as more properties go on the market, buyer competition subsides. Prices level out, and eventually drop. Most assume this is a bad time to sell a home. But in fact, it can be the best time for educated sellers to tap into a little-known market, using the creative power of seller financing.

A seller’s best strategy

With the help of a professional Note Finder, a seller can open the doors to buyers normally locked out by traditional financing. A so-called “down market” is the ideal time for resourceful sellers to target the millions of people who can’t get funding. These buyers are often willing to pay more in order to buy a home without traditional financing.

The seller sets the price, determines and accepts a down payment, and then finances the remaining balance. The buyer gets a home without having to fully-qualify for a traditional loan. It’s a favorable situation for both seller and buyer. And while this “outside of the box” form of financing can seem a bit daunting, it can happen very smoothly and easily with the knowledge, experience, and guidance of a professional Note Finder like me.

Here is an example: If the seller wants $100,000 for the property, and the buyer gives the seller $10,000 cash, the seller will finance the balance of $90,000. The buyer and seller would then agree to the terms, such as the interest rate and the total term, and use an attorney to create the mortgage document and close the deal. From that point on the buyer sends the seller monthly payments for the house he has just purchased.

A great opportunity for sellers

The whole process can really be that simple. But there are some substantial differences between a seller-financed deal and one that relies on traditional bank funding.

First of all, the seller will not receive a large one-time payment at the time of the sale. In fact, she will only receive the down payment. Since many home sellers are also looking to buy another property, the seller may need to get enough at closing to pay her down payment. Without this payment, the seller’s hands could be tied when she looks to purchase another house. There is a common solution to this issue that offers the potential for even MORE money to the seller!

Note Finders specialize in helping new mortgage holders sell newly-created notes for a lump sum of cash. In the end, seller financing could be used to sell property at a higher price than expected and the sellers could get the money they need. Essentially, sellers can “have their cake and eat it too.”

In summary

Step #1: Use the seller-finance option to find unique customers willing to purchase at a higher price than would have been possible otherwise.

Step #2: Decide on the terms of the deal and create the note to complete the real estate transaction quickly.

Step #3: If the property seller needs immediate cash, contact me to help locate a buyer for the new mortgage note. The person who buys the future payments from the seller will likely provide the funding to act as a down payment on a new house and every party involved in the deal comes out smiling.

Equity attracts Note Buyers

One key to liquidating a seller-financed mortgage is found in the property’s equity. The equity in the private note essentially acts as a “safety net” for the Note Buyer, in case there is a problem collecting the payments. So note buyers find deals with strong equity more attractive.

Remember, a Note Buyer is purchasing monthly payments secured by property. If the property is worth more than the remaining balance of the note, the buyer could seize the extra value in a foreclosure situation by reselling the property. This allows the new Note Holder to recoup his initial outlay and receive the additional equity.

Most Note Buyers will do a quick equity check before looking at any other information. By first determining the note’s Loan-To-Value (LTV), buyers can decide whether to dig deeper or move on. The LTV is calculated by comparing the balance of all of the loans to the value of the property.

Two equity examples

To illustrate, let’s consider two houses, each valued at $100,000. One home has loans of $95,000 and the second home has loans of $70,000.

The first home has an LTV of 95 percent (95k/100k = 95), indicating only 5 percent equity (100 - 95 = 5).

The second home has an LTV of 70 percent (70k/100k = 70), showing 30 percent equity in the property (100 - 70 = 30).

Clearly, most buyers will not be as interested in the note on the first home because there is virtually no protective equity. In this situation, the buyer of the note would want to discount the note purchase a fair amount to make up for the fact that there is little equity.

The second note with 70 percent LTV will require less discounting, and the Note Holder will receive a larger portion of their note as compared to the note balance. This is because the Note Buyer stands to benefit from holding a substantial amount of equity in the property (30 percent) if the Payor were to default on their obligation.

How Does Down Payment Affect Note Value?

For many Note Buyers the amount of the initial down payment at the time of sale can make or break a note deal. The down payment is applied directly toward principal, creating instant equity in the property. Accordingly, most Note Buyers want to confirm the amount of the down payment up front.

With no down payment, it would take many years to build a meaningful amount of equity in the property. Take a look at the following example that illustrates this point.

House #1: valued at $100,000, with a down payment of $20,000 made at the time of sale.

House #2: also valued at $100,000, but with zero down payment made at the time of sale.

The note on House #1 has $20,000 in equity. No down payment made on House #2 means that there is no equity in the property before the first monthly payment is made.

Consider how much “upfront” money there is

Assuming that House #2 was sold for $100,000 with a 30-year note amortized at 8 percent interest, it could take years to build $20,000 in equity.

Because the Note Holder’s purchase is protected by the equity in the property, the amount of the down payment is an important consideration. With the zero down note on House #2, the Note Buyer would need to apply a larger discount in order to make it a fair deal for him. On the other hand, while the note on House #1 is secured by a $20,000 down payment and has substantial protective equity even before the first monthly payment, it would cost the Note Buyer a lot more.

Almost any note deal can be a good deal… for everyone involved

A strong down payment lends a side benefit related to having protective equity. When a large down payment is made at the time of sale, that person is more likely to be committed to owning the house and keeping up with the note payments. Seller-financed deals with zero down payments are very attractive to first-time home buyers or others without a large nest egg saved - but it can be riskier for the Note Buyer. So the educated Note Buyers can offset this risk by increasing the discount on low or zero down payment notes.

Remember, even a note created without a down payment can be a sound purchase. The key is to look at each situation individually and to establish a fair price based on the specific note.

Even when liquidating private mortgages at a discount, Note Sellers still get to receive a lump sum of cash immediately instead of waiting years - decades, even - before the debt owed to them is paid.

The bottom line is that a qualified professional Note Finder can bring a benefit to both parties - the Note Holder and the buyer. In the end, when a deal is struck, everyone wins and ends up in a stronger financial position.

How Creative Home Sellers Have The Advantage

Creative home sellers offering seller financing can often sell their houses faster in a slow market - often at a higher price! In the process, these sellers act as the “bank,” and begin to receive monthly payments instead of a lump sum of cash.

So what happens when those offering seller financing need an immediate lump sum of cash instead of scheduled future payments? Locating a buyer for the newly-created cash flow could be the answer.

To get the money they need, sellers that offer financing could sell the future mortgage payments they are set to receive.

How sellers get quick cash for their notes

This process can be streamlined when the savvy home seller lines up a buyer for the payment stream before the note is even created. This way the property seller could have a buyer for the payment stream ready to make the purchase as soon as the new private mortgage is created. Once the closing and the note sale are complete the seller will have the money she needs for her next home.

Finding the buyer for the seller-financed mortgage is the tricky part. Buyers won’t line up at the door. In fact, they don’t often browse the newspaper or the web looking for people with notes to sell. This is where the professional Note finder comes in!

Note Finders are real estate professionals that specialize in connecting the people who create notes with those who buy them.

While I do not assist with the creation of a note, I can provide general recommendations about the types of terms that are attractive to Note Buyers. With my knowledge, experience, and connections within the secondary finance industry, I can save home sellers a lot of time and effort when liquidating a note. Most importantly, I can help locate a buyer for your note and make the process smooth and easy.

When working with a property seller who needs a lump sum of cash immediately after selling real estate, contacting a finder like me early in the process of creating the real estate note makes sense.

By involving a Note finder before a note is created, the property seller can receive valuable input about the payment characteristics that Note Buyers prefer.

And for any completed seller-financed deals, a qualified Note finder can help Note Holders obtain a large amount of cash in exchange for future payments.

Greetings,

I specialize in developing creative cash solutions; namely, I help note holders receive a lump sum of money in exchange for their secured real estate notes. I can also show home owners how to sell their property with seller finance.

Once a real estate note is created, it can be sold for cash shortly after the close of escrow. Existing notes can also be sold to achieve cash liquidity.

Additionally, if you are looking to purchase a paper asset for your own portfolio, I have the resources to show you many viable opportunities.

If you are an attorney, CPA, real estate agent, mortgage broker, title agent or escrow officer, I can assist you in helping your clients realize quick sales of hard-to-sell properties through the use of private financing.

If you would like to learn more about the creation and/or sale of secured private notes, please contact me directly.

Sydney Griecci

sydney@smilingdogenterprises.com

Blog http://www.smilingdog.net

A little over one year ago today; on January 1, 2007 Bear Stearns was trading at $169 per share. Wall Street knew the investment banking firm was in trouble. The FED Chairman recommended that all banks and investment banks come clean on their losses, as banks like CitiGroup were spreading the bad news and write downs over more than a couple of quarters. Without all the bad news out, the FED could not lower rates to prevent a hard fall into recession rather than a hop, skip and jump back into positive territory and positive news to bolster consumer confidence.

A few days before Bear Sterns collapsed and the stock went into free-fall to $2.00 a share, it was at $85.00 per share and James Cayne the older gentleman CEO, said not to worry, all is well at the investment banking firm. But all was not well and it appears that CEO James Cayne was un-able to do anything about it. Carlyle Group the day before, saw its mortgage group crash and creditors move to seize assets. Of course, now James Cayne, is out and it appears that Alan Schwartz the current President may become CEO, but what can anyone do now?

Perhaps you may not know any investment bankers, but as a former Franchisor, I knew quite a few, I always found them to be in my opinion quite cocky, almost as if they thought that they were the King Makers and that the Entrepreneur behind a company could easily be replaced, as all that was really needed was money? Well, guess what, with all the money in the World at their disposal, what did Bear Sterns do? They washed all down the sink, and now they are in the grinder. Touche! I say to all those arrogant investment bankers. See Ya! Looks like the NY Bankruptcy Lawyers have their work cut out for them now.

“Lance Winslow” - Online Think Tank forum board. If you have innovative thoughts and unique perspectives, come think with Lance; http://www.WorldThinkTank.net/. Lance Winslow’s Bio

VA loans are one of the few remaining true 100% programs still available in the market today. This is an incredible assets since the financial meltdown of 2007-2008 has left this area of the market with a vacuous void.

These Loans allow the buyer to finance not only 100% of the purchase price, but also the VA funding fee as well. Therefor the total loan amount can be higher than 100% LTV of the appraisal or purchase price! The seller can pay up to 4% of the buyers recurring and non recurring closing costs. This means that with a VA Loan in Florida one can get into a home with no money out of pocket at all!

Another great feature of these loans is that they allow for extra money to add green features to your new home to be financed into the loan as well. You should speak with a loan professional about exactly how this is accomplished. This allows you to save money while also improving the eco-friendliness of your new home.

Veteran loans do not require any mortgage insurance. Instead they have a VA funding fee which as mentioned earlier is typically financed into the loan for you. The fact that there is no mortgage insurance coverage will save you hundreds of dollars monthly over conventional or FHA financing which would require that the borrower carry mortgage insurance on the loan. The more money one can keep in their pockets in these tough times the better it is for everyone!

How do you know if you qualify for a VA Loan? That is a great question. Here is a breif summary for you to consider if you may qualify:

We highly recommend the VA loan to all those who qualify. As you can see this loan product will allow you purchase a home with no money out of pocket and will save you hundreds monthly with it’s lack of mortgage insurance coverage. This is just one option for clients still looking for 100% financing in Florida.

Christopher Burns
Owner - Five Stars Mortgage
Residential - Commercial Mortgage Loans
http://www.fivestarsmortgage.com

Household insurance is the cover that protects your home in the event of accidents, disasters or thefts. There are different types of insurance for home owners; they are:

Building insurance and Content insurance.

Building insurance protects the your home (the physical structure and fixtures of your home) in event of any damage to it while Content insurance provides protection for the movable things in your home (an example of which is jewelry, paintings and furniture).

you can buy these covers together or singly. It is best for you to shop around extensively to find out whether it is cheaper for you to buy the two covers together from the same provider or singly and from different providers.

what is a content insurance policy?

This is the policy that provides coverage for the valuables and movable property in your home. The policy would ensure either total replacement or repair of every article that is included in the cover.

what is a building insurance policy?

This is the policy that provides protection for the homeowner in the event of damage to the physical structure of the home. These structures include the fittings an fixtures in the house.

Home insurance is very essential for every home owner because it saves you a lot of emotional and financial stress in event of damage or loss of property. Imagine a situation where your home was razed by a fire disaster and there is no insurance cover; the stress of rebuilding afresh would be enormous.

Having established the importance of home insurance, what is the best means of getting the best deals?

The best, easiest and quickest way to buy home insurance is to shop extensively online. This brings you in contact with experts who would help you with quotations and estimation of the correct amount of cover to buy.

Here are a few tips on how to lower your premiums:-

1. If you are willing to pay a higher amount for the excess than is stated in the terms and conditions of your cover, you may then be able to negotiate a lower premium.

2. The security of your home also determines your negotiating power. If your home has a fence around it, high quality doors and window locks that are difficult to pick and alarm system, you would be able to get lower premiums because you are considered a low risk client.

3. Make sure you take inventory of the things you want to insure. This would help you to buy the appropriate amount of cover that you need.

4. Review the content of your cover on a yearly basis to avoid continued coverage of irrelevant items. It would also pay to check out other insurers to find out whether there has been a better offer since the last time you bought your household cover.

Finally, if you want to have a special cover for valuable items in your home, ensure that you state what they are and also the value. In most cases, because these items are over a certain amount, you would have to buy a separate cover for them and thus pay a higher premium.

No matter how you try to lower your rates, if you do not compare enough quotes, you would still be missing out on very great deals. These quotes are free and there is no obligation attached to it.

Get your free quotes and enjoy the best of rates.

You can start with these favorites of mine.

Insureme Quotes!
Hometown Quotes!
Chimerenka Odimba is the publisher Several finance based sites.

Around the House and Home

There are many ways to save money around the home. Cutting heating bills and finding cheaper prices soon adds up.

Find out if you can get out of your mobile phone contract. If you can try to renew it for a cheaper more appropriate package, mobile packages are often changed during the period of a contract so ensure you get the best value for money. Even if you have to pay to get out of your current contract, spread over 12 months it may work out to be less if you move to a cheaper call package.

Go to your favourite high street newsagents. They often have DIY kits covering everything from Divorce to Residential Letting, Business Accounts, HIP’s and Wedding Planning.

Get a lodger. They are often neat, tidy and if you target the business market your lodger is likely to be around for just a few days during the week.

Don’t put the heating on, put another layer on. If you’re cold with a sweatshirt and trousers on then use the heating!

Research things you want to buy. Find out as many details online, then visit a shop to see it in person and ensure its right for you. Then visit price comparison websites to take advantage of the internet best prices.

Save Money on Laptops and the latest iPod models as these are higher price items that offer the greatest potential savings by comparing prices - you will even find bargains on luxury items and gifts such as cheap perfume and Wii games

Have a shop around for the best in household utility bills. It is estimated that most people are paying more than they need on fuel bills and by checking utility switching sites to compare tariffs often results in great savings

Switch off computers, TV’s DVD players, HiFi’s, Ovens and other electrical items at the mains.

Have a clear out, there must be loads of unused stuff in the Attic, under your bed or in the garage - put it on auction sites or free classified ads online - you’d be surprised what people buy!

Cancel your Sky subscription, use Digital Freeview or Free Sat - loads of free channels not much different to Sky!

Go to the cinema on a deal. Many big chains offer vouchers for family’s and those visiting at weekends. If your mobile provider is Orange then they offer a 2 for 1 scheme on Wednesdays - check out the Orange website for details.

This how to save money article is part of a series “How to Beat the Credit Crunch” by Free Ads site http://www.itsmymarket.com

Personal loans are unsecured loans that are offered by a range of lenders, from high street banks and building societies to Internet lenders and even credit unions.

You can use personal loans for just about any purpose, and with a choice of lenders available it is usually possible to find some very competitive deals. However, one thing to bear in mind is that with an unsecured personal loan you will usually need to have good credit, as the unsecured nature makes them higher risk loans for the lender.

The interest rates charged on loans can vary quite widely from one lender to another, so the first thing to remember is that it is well worth shopping around in order to get the best deal. When it comes to the amount that you can borrow most lenders offer up to £25,000 by way of an unsecured personal loan. The actual amount that you can borrow, however, will depend on a range of circumstances, and this includes your income, your outgoings, and credit rating, and your employment status amongst other things.

Another thing to remember is that repayment periods can vary from one lender to another. Most lenders offer repayment terms of between one and five years. However, you will find some that offer up to seven or even ten years. The longer your repayment period the lower your monthly repayments on your unsecured personal loan will be, as you will be able to spread your payments over a longer term.

You can use your personal loan for just about any purpose, and amongst the more common reasons for taking out one are for a holiday, to fund a special event such as a wedding, to pay for a college course, to purchase a new vehicle, and even to cover the cost of Christmas. You should always ensure that you can afford the repayments on a personal loan before you make your application - if you find that you cannot afford repayments and you therefore default your credit rating will be badly damaged, which will affect your ability to get credit in the future.

The easiest way to compare different deals is to use the Internet, as you can browse and compare different loans from the comfort and privacy of your own home. You can also make your application for an unsecured loan online, which will enable you to enjoy ease, convenience, and speed. The rates are generally fixed, which means that you can enjoy the same repayments over the term of your loan, so there are no repayment fluctuations to worry about. When you take out a loan you should make sure that you read the terms and conditions before you make any commitment so that you know exactly what you will be paying over the term and you can familiarize yourself with any applicable charges in place.

Joe Kenny writes for the Loans Store, offering homeowner loans, or view the latest loans at NationsFinance.co.uk

1. Shop your local farmer’s market each week for fresh, local and organic real food from the earth.

2. Put a face to your food. Get to know your farmer and ask if they have a CSA program (Community Supported Agriculture.) If yes, sign up! I love my CSA. Each spring, I graciously send them a nominal fee ($250). In return, I get 18 weeks of delicious and nutritious, locally grown organic food This is the way to go! You can’t buy a month’s worth of organic, local, seasonal food at your local grocer for less than $250 a month. Click here to find a local market in your area.

3. Help your wallet and your waistline by growing your own food. For 10 cents worth of seeds, you can grow more than a dollar’s worth of produce. Start with a small planter of herbs or tomatoes. If you’re feeling more adventurous, invest in an Earth Box. Or, do it up right and have the experts at Teich Garden Systems set you up with some raised beds.

4. Join Slow Food USA. Their motto/mission/philosophy is: “Slow Food is good, clean and fair food We believe that the food we eat should taste good; that it should be produced in a clean way that does not harm the environment, animal welfare or our health; and that food producers should receive fair compensation for their work, and that all people should have access to this good and clean food “

5. Eat mindfully and be aware and conscious of the food you consume. Ask yourself: Where did my food come from? Was this animal treated fairly? Is my food organic or are there hundreds of harmful pesticides sprayed on my food? How many miles did my food travel to get on my plate? If you’re eating a coconut or pineapple it could have traveled more than 2,000 miles!

6. Be grateful for your food. Take a few minutes when you sit down to eat and enjoy a few deep breaths with your eyes opened or closed and connect with your food. Give thanks to the rain, sun, soil and all of the hands that made your meal possible-from the farmer, to the trucker to the produce manager and the store checker. Chew slowly and mindfully.

7. Try a 30 Day Eat Local Challenge. This September I am interested in leading a group in an eat local challenge. Are you interested? Let’s do it! Read more about being a localvore.

How To Lose Weight on a Full Stomach

My FREE Special Report will tell you how!

Learn how to lose weight naturally, amplify your energy and feel confident in your body. In only 3 steps you can create the body and life you desire without dieting or going to extremes. Go to: http://www.RadiantHealthCoach.com

Want to get groceries for free? HEB has a spectacular policy called “Fresh or Free”. This is not a joke or hype or any kind of sales pitch. This grocery store actually provides an opportunity for anyone to get groceries for free. If you do not know of the HEB grocery chain, it’s probably because the chain is only located in Texas. My wife and I shop there almost exclusively, especially because of the Fresh or Free program. Here is a basic rundown of how to take advantage of this great policy:

1. Hunt for items that have expired.

This is the first and foremost rule. So when you arrive at the store, carefully look through the stock of particular items you are interested in, and hunt for the expired one(s). Try to utilize some stealth, as the staff is trained to seek out “fresh or free-ers” like us. The staff cannot stop you from looking, but they may start going through the stock along side of you and weed out expired items.

2. Once you have found an expired item, put it in your basket, along with an identical, fresh item.

3. You are only allowed to fresh or free one item per SKU, per person.

This doesn’t mean you can’t walk away with hundreds of dollars or more in groceries for free, it just means if you find 10 expired Tombstone Pepperoni Pizzas, you can only take one fresh one, per person. But if you find one Tombstone Pepperoni Pizza, and one Red Baron Pepperoni Pizza that have expired, then you get one of each for free.

4. Go to the cash register and place your items in pairs (one expired, one fresh) on the conveyor belt.

5. Tell the cashier “I have some expired items here.”

We have had times where the staff is not friendly, and sometimes downright mean about us getting groceries for free. Don’t let this dissuade you, they are obligated by the policy to give you the groceries for free. We’ve heard every excuse in the book, and you will too, if you participate in the program. If they get too mean, just have a manager come over and take care of it.

My personal opinion of why they offer groceries for free:

* I believe that the program makes an incredible amount of sense from a business perspective. HEB is basically hiring the general public to wade through their current stock, and eliminate expired items. Now I know this is a job that should be handled by the night stockers, but think about the average night stocker, why would they care about checking dates? That would be far more time and effort to complete the stocking for the night. And with the small wage that HEB is paying their stockers, it makes sense to offer groceries for free under this program.

* Also, this program allows HEB upper management to identify weakness in their lower management, especially night stocking crew management. So in effect, we are helping them to root out bad management, and provide the best quality food. It is a win-win situation for the company, and for us as customers (or should I say, previous customers, ).

In closing, the HEB fresh or free program is a fantastically easy way to obtain quality, free groceries. The only groceries that are exempt from the policy are ones that have no expiration. Other than that, it is open season. So take advantage of it, and leave me a few comments on your experiences if you get the chance.

Get more great finance and investing tips at Jeffry Evans’ personal finance blog. Groceries for Free is just one of many great articles you will find at Personal Finance Resources.

Law suits, merger battles, takeovers, layoffs, bankruptcies and outright loss are what constitutes daily life at the Bank of America these days. Profit margins have fallen over 90% since 2006 and continue to do so. Of course, the crippled US government is going to further expose its bleeding financial throat with a $700 billion bail out.

Everyone hears the headlines, but most fail to recognize what’s driving them. Besides Merrill Lynch being acquired by the Bank of America; aside from the fact that Goldman Sachs is teetering on total collapse; regardless that Washington Mutual is in ruins; there are also over 117 other banks listed as “in trouble” on the Federal Deposit Insurance Corporation’s (FDIC) list. It is time for the people to wake up and admit that depending on corporate giants and the US government is killing us all - and not just financially.

Are you aware that there is a better way to create your financial liberation? Are you aware that the Epic Wealth System is the highest-converting program of its kind on the Internet - and that it has been? The totally-automated system at Epic Wealth can change the way that you think about your finances - and about your life in general. The Internet stands outside of the corruption and misinformation that controls the masses. The Internet has been creating and continues to create more millionaires from real people like yourself than has ever been reported before.

Epic Wealth System separates you from the poisoned scenarios that traditional “slave-job” enforcers will have you believe. They do not care if you spend your entire life in corporate servitude only to be crushed into restitution at retirement time. You cannot trust the corrupt government and greedy corporate structures to take care of you and your family - you must embrace a new philosophy. You must embrace the profound leveraging power of the Internet and the Epic Wealth System.

Even those bankers and traders that have so far managed to escape being laid off will be soon. You must be realistic about who is going to ultimately suffer for the financial meltdown currently being experienced. Hint: it won’t be the government and it won’t be the CEOs that line the politicians pockets either.

Demetrios Tzortzis has coached and mentored countless individuals in online marketing strategies and tactics. Demetrios’ straight forward, no BS approach is unlocking the potential for new marketers to succeed without the initial “beginners” slump.

Demetrios Tzortzis
720.339.3808
livetoprosper@gmail.com

http://www.YourFatPockets.com

http://www.YouTube.com/Dprosperityman

Looking for Connecticut condo Insurance? Want to know where to get the best rate with a reputable company? Read on …

The Master Policy

Condo insurance is different than standard homeowners insurance because your association insures your building with a master policy. This policy generally covers the walls, the roof, and the floors of your building.

This leaves you responsible for insuring your appliances, carpets, cabinets, wall coverings, and in some cases the interior walls. Before you purchase a policy you should check with your condo association to see what’s covered, and what’s not.

Condo Insurance

Standard condo insurance covers the following:

Personal property - It pays to replace your personal property - furniture, clothing, electronics, tools, sports equipment, etc. - when damaged by fire, smoke, plumbing leaks, or acts of nature. Expensive items like jewelry or computers may have a limit on coverage, but you can purchase additional coverage if you need to.

Personal liability coverage - When someone hurts himself in your condo, you could be sued and lose all you assets. Liability coverage pays for court-awarded damages, plus your court costs and legal fees when you’re sued.

Standard policies include $100,000 to $300,000 worth of coverage, but you can purchase more if you have a lot of assets you want to cover.

Where to Get Inexpensive Condo Insurance

This can vary by hundreds of dollars from one insurer to the next. The best way to get inexpensive condo insurance is to go to an insurance comparison website where you can get quotes from different insurers and compare them.

Once you’ve found a cheap rate, you can lower lower your rate even further by:

*Raising your deductible. This can save you hundreds of dollars a year on your premium.

* Asking for discounts. Some discounts include senior discounts, security device discounts, and non-smoker discounts. Don’t assume your insurer will give them to you. Ask for all the discounts you’re eligible for and include them in your policy.

Visit http://www.LowerRateQuotes.com/homeowners-insurance.html to get Connecticut condo insurance rate quotes from top-rated companies and see how much you can save. You can get more tips and advice in their Articles section, and get answers to your questions from an insurance expert by using their online chat service.

The author, Brian Stevens, is a former insurance agent and financial consultant who has written a number of articles on Connecticut condo insurance.