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Protect Your House Value
Well, there’s a new kid on the block and it’s something that will help protect your house value from further decline–should you need to sell soon. There is insurance for everything. Working Equity, Inc just unveiled a new product that works much like put options in the stock market, that’s why it’s nickname is called a hedge. This insurance guarantees that when you want to sell your home you will not lose money because of a market downturn therefore your house value will be protected. The cost is reasonable, 1-2.5% of your home’s current market value, especially since some prognosticators are predicting a further real estate decline of 10-15%. So if you think you are going to have to sell in the near future and you want to protect the value of your house, you may want to consider this.
To read more on this topic, Bob Tedeschi has all the details here…..
Fri, Nov 13, 2009
Financial Planning, Mortgage Tips, Real Estate