Boston Realtor Mike Mahoney
Michael Mahoney
617-615-9435617-615-9435

Posts Tagged ‘Lydon and Murphy Insurance’

Homesafe Insurance Discounts Reviewed by Jeff Lydon of Lydon and Murphy

March 20th, 2019 by Michael Mahoney

HomeSafe Discounts from Massachusetts Affordable Housing Alliance

Homesafe Insurance Discounts by MAHAWould You Be Interested in Saving 10-15% Off of Your Homeowners Insurance Every Year Forever?

You know about good driver discounts. How about a good homeowner discount?

Did you know that you can take a class on home or condo ownership and reduce your annual insurance premiums for the life of the policy?  There are no programs in place which can save you a significant amount of money over the course of owning a policy.

The Massachusetts Affordable Housing Alliance (MAHA) has negotiated with insurance companies and area retail stores to secure money saving HomeSafe℠ discounts for  graduates of their Homeowner 201 or Condo Owner 202 classes.

What is HomeSafe℠

HomeSafe℠ is MAHA’s homeowner resource center and it includes Homeowner 201 and Condo Owner 202, free workshops to help make your home or condo safe from unnecessary repairs, crime, fire, landlord/tenant disputes, lead paint, and foreclosure.  The course is going to essentially teach you how to be a good homeowner which in turn makes you a better insured person for the insurance carriers. Insurance companies are looking for low risk homeowners. They feel that homeowners who take the workshops will file fewer claims and have fewer losses than other homeowners have.

In addition, graduates will learn about HomeSafe discounts, grants, low interest loans and other resources available to homeowners.

How Do I Obtain HomeSafe℠ Discounts?

After completing the workshops, graduates will receive a HomeSafe℠ certificate that is presented to participating insurance agents and a HomeSafe℠ card that is presented at retailers to receive the discount.

Lydon and Murphy Insurance is proud to say that they work with carriers who give HomeSafe℠ discounts to their insureds.

How Much Can You Save with HomeSafe℠?

How much will I save with discounts? Prices of policies vary due to the type of house and the community in which you live. Here are two typical scenarios:

Homesafe Insurance Discounts from MAHA

Sample Savings – Please contact Jeff Lydon of Lydon and Murphy Insurance for details

See actual discount examples of the Homesafe Discounts on MAHA

Massachusetts Affordable Housing Alliance

The mission of the MAHA is to educate and mobilize individuals and communities to increase affordable and sustainable homeownership across Massachusetts.

Since 1985, their campaigns have resulted in affordable mortgages for over 20,000 homebuyers and over $9 billion in public and private investment in affordable housing.

MAHA
1803 Dorchester Ave.
Dorchester MA 02124
Phone 617-822-9100
MAHA Website

Lydon and Murphy Insurance

Lydon and Murphy Insurance
520 Boston-Providence Turnpike, Norwood, MA 02062
Phone: (781) 762-4280

Lydon and Murphy Website

 

 

 

 

 

Related Posts:

Tree Falls On Property Line: Who Pays? Who Picks Up the Pieces?


Michael Mahoney
Realtor
617-615-9435

About the author: The above Real Estate information on tips for repairing your property  was provided by Michael Mahoney, a regionally recognized leader in residential real estate. Mike can be reached via email at mike@mmahoney.com or by phone at 617-615-9435. Mike has been helping  people move in and out of Greater Boston for the last 18 years.

Are you thinking of selling your home or condo? I have a passion for Real Estate and would love to share my marketing expertise

 

Will an Empty Pool Affect the Value of a Property?

May 30th, 2017 by Michael Mahoney

Will an Empty Pool Affect the Value of a Property?

Will an empty pool affect the real estate value of a home

Agents in the Office Asked If an Empty Pool will Affect a Home’s Value

does an empty pool when buying a home

Recently in our office a question was raised about the value of a property when trying to sell it with an empty pool.

It’s my opinion that anytime something at a piece of real estate is not shown in it’s best light that it will affect the value.

If you have a buyer and you tell them that the pool worked great in 2012 that’s fine and you can make the claim. However, it’s my opinion that the buyer’s mind will wander and then they will go to the Internet and look for information about the “empty pool” that has been sitting for a number of years.  Then they will find articles about the maintenance and repair of the pool. Once they find those articles it will be the “kiss of death”.

They will always assume the worst case scenario since that it is what buyers do.

One such article was written by Melissa Tracey on August 30, 2010
45 for Realtor.org.   This article details the expense of keeping up a pool.

Are pools worth the expense?

Pools - are they worth it? This was written by Melissa Tracey on August 30, 2010 45 for Realtor.org

Here is what Melissa had to say about pools in her article:

On a hot summer day, who isn’t envious of the house with the inviting, backyard pool to jump in and cool off? But today’s cost conscious home buyer may be leery of taking the plunge with buying a home with a pool, viewing the upkeep as putting them in the deep-end of mounds of extra expense.

In-ground pools can be attractive features when selling a home; Realtor.com allows buyers to narrow their home search to properties with only a pool. However, some buyers are looking more closely at the added expense, just as some home owners are even opting to remove that once-considered jewel of the backyard.

You can see Melissa’s full article on pools here

People Who Want Pools Want Pools and the Water that Comes with Them Too…

I think many people who are looking for a property with a pool are definitely looking at the property for that reason. I was a person who was looking for a pool at my next property. I think had the pool been shown empty, I would have hedged my offer for sure. Pools are expensive to build and it’s easier to find a property with an existing pool. Today I am responding to your question about the value of the home and if the empty pool will be affected. I can assuredly tell you that it will have an impact for sure.

People who purchase homes with pools do so for quality of life reasons. Here is what The Association of Pool & Spa Professionals had to say:

 

The Association of Pool & Spa Professionals, a trade association representing the industry, recently posted a response to The Wall Street Journal’s article questioning the expense of a pool: “There are many, many things – including pools – which people choose to buy because it makes their lives better,” the association writes on its Web site. “A pool or a hot tub may or may not be a financial investment, but they are most assuredly a quality-of-life investment.”

From my home office, this is what quality of life looks like with a pool.  Here is a pic from the home office today.

Pools are part of a home purchasers decision for luxury

 

Will the Buyer Get Financing Without The Pool Water?

My friend Randy Hooker an agent out in Gilbert, Arizona was involved as a buyer’s agent in a real estate transaction where there was no water in the pool. Just when he thought they would be close to getting to the closing table the bank said, “hey wait a minute”.

Here is some of the letter Randy Hooker shared on his blog post about the empty pool and financing.

“The purpose of this letter is to address the empty pool at [referenced] property. The buyers have applied and been approved for an FHA loan in order to purchase the property. The credit approval part of this process has been finalized and is complete.

To obtain full and final approval and successfully close this transaction we need to obtain property approval. Upon reviewing the appraisal it came to our attention that the pool is currently empty. According to FHA guidelines, the pool must contain enough water to allow the pool’s pump to successfully circulate the water. The pool’s current state will not allow us to move forward on this transaction at this point.

In order to approve the property, the pool must be filled with water to meet the above mentioned criteria for a period of time long enough for the appraiser to re-inspect the pool. This is for 2 reasons. The first is to ensure that the pools systems are functioning. The second is that to ensure that the pool can hold water to avoid any safety issues.”

 

Can you get Insurance on a House with an Empty Pool?

I called a colleague of mine who I often use for insurance questions and to get homeowners insurance for clients. Here is what Jeff Lydon of Lydon and Murphy Insurance had to say:

A empty pool is an insurance problem. Most home insurance carriers will not cover a home with an empty pool. If it’s a situation that the pool is just simply not being used by the current homeowner and it has a security cover, some carriers maybe willing to give the new owners a small window of time to get it operational.

If the pool is empty due maintenance issues and has fallen into disrepair, then finding coverage could be difficult and coverage maybe only possible thru an excess lines carrier. If there is a mortgage company involved, they may not accept coverage from an excess lines carrier.

If you need homeowners insurance or were recently denied coverage,  I would call Jeff Lydon of Lydon and Murphy. Jeff has a special knack for being able to navigate the difficult road to becoming insured.  As Jeff likes to say “don’t just renew, review”.

search for homes with pools

 

Tree Falls On Property Line: Who Pays? Who Picks Up the Pieces?

November 18th, 2016 by Michael Mahoney

TNeighbors Treeree Falls On Property Line: Who Pays?

This content is provided by Houselogic of The National Association of Realtors

When a neighbor’s tree falls over your property line, yell TIMBER, then call your insurance company. Home owners policies cover tree damage caused by perils like wind and winter storms.

Most policies cover hauling away tree debris if the mess is associated with house damage; some will cover cleanup even if no structures were harmed.

Speak to an Insurance Agent to Get Advice

If you need an opinion of what the best practices are, I would recommend you consult an insurance agent. A good contact of my from The Business Alliance Network Group would be Jeff Lydon of Lydon & Murphy Insurance in Norwood. Check your coverage with your current agent.

Consulting an Attorney in Case Things Don’t Go Well

Sometimes things like fallen trees can strain relations among neighbors. If you need to hire an attorney you may be able to handle issues like this through mediation. Medfield attorney, Stephen McDonough does a lot of mediation. He frequently hosts mediation roadshows.  His firm, Next Phase Legal LLC announced an event they call “The Mediation Roadshow.”  The “road show” is a clinic designed to bring expert dispute resolution services to the community in a comfortable and affordable environment.

When a Tree Falls

Your neighbor is responsible when a tree falls over your shared property line only if you can prove he was aware that his tree was a hazard and refused to remedy the problem. Regardless, your insurance company restores your property first, and later decides whether or not to pursue reimbursement from the neighbor or his insurer if the neighbor was negligent in maintaining the tree.

Before a Tree Falls

Write a letter to your neighbor before his dead, diseased or listing tree falls through your roof or over your property line.

The letter should include:

Description of the problem
Photographs
Request for action
Attorney letterhead—not necessary but indicates you mean business.
Trim Their Trees
If the limbs of a tree hang over your property line, you may trim the branches up to the property line, but not cut down the entire tree. If a tree dies after your little pruning, the neighbor can pursue a claim against you in civil or small claims court. Depending on the laws of your state, your neighbor may have to prove the damage was deliberate or caused by negligence, but may also be able to recover up to three times the value of the tree.

Before you cut, tell your neighbors what you intend to do to protect your property. They may offer to trim the whole tree instead of risking your half-oaked job.

Your Tree Falls

It’s always a good idea to take care of your big and beautiful trees, and keep receipts for trimmings and other care.

But if your tree falls over a neighbor’s property line, do nothing until their insurance company contacts you. You may not be liable unless you knew or should have known the tree was in a dangerous condition. If you pruned a tree or shored up trunks to prevent problems, gather your receipts to prove your diligence.

Related Posts

Homesafe Insurance Discounts Reviewed by Jeff Lydon of Lydon and Murphy

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5suzannechapman1208

I selected Mike after having a very unsuccessful experience with a previous broker. He had excellent ideas in helping to sell my house and continued to advertise it with a fresh perspective. His experience helped in a number of ways and I only wish we had... (more)

5goodlife99

This is the second property I have sold in Weymouth MA with Mike as my broker. He research the area and give you all the information you need to decide what to list your property for, so it sells timely. He also helps review and negotiate all offers and is... (more)

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We had been trying to sell our condo for well over a year and decided to give Mike a shot at it as he came well recommended. It was not easy for him but he persisted and had success. Even though it wasn't a big sale or profit for him, he acted as though it... (more)

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