Have you taken an insurance inventory of your home lately?

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It’s the one thing that every homeowner has and hopes they never need: insurance.
To make sure you are always prepared, experts recommend that you keep on hand a complete home inventory.
State Farm says that a home inventory can help expedite an insurance claim after theft, damage, or loss. It not only helps in the settlement of a loss or claim, but may also help verify tax-deductible property losses.
Most insurance companies provide some handy online Home Inventory Checklists. But the fastest, easiest way is a video walkthrough of your home. Document everything with your smartphone. Then upload the video to the cloud, such as Apple iCloud, Google Drive, or Dropbox, so it’s stored remotely. Supplement your video with documentation. Take photos of receipts, credit card statements, appraisals and other documents. Upload these to the Internet too.

The dangers of overpricing a property

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It’s said you never get a second chance to make a first impression. That’s especially true when it comes to pricing your home for sale. One mistake you don’t want to make: overpricing it.

What are the dangers of overpricing a home? Pricing a home too high can stall your sale. The greatest amount of traffic occurs within the first couple of weeks that your home is listed for sale. Visitor traffic trails off dramatically after that. So even if you drop your price later, you have potentially lost buyers who have found other properties, or who are no longer considering your home, as they left with the impression that it was priced too high.

The best strategy is to work with your agent to price your home right to reach the greatest number of potential buyers with the right first impression.