It’s shocking how much damage water can cause. Just a few gallons from a burst pipe or overflowing toilet can wreak havoc throughout your home and necessitate thousands of dollars in repairs. Ouch! What should be done at the first sign of water leakage? First, stop the source. Check under and around the sink, turn off the nearest water valve. If you can’t find it, turn off the main water valve to your home. If you do not know where the main water valve is located, check your home inspection report. Next, do everything you can to soak up as much water as possible. If necessary, lift carpeting. Borrow your neighbours Shop Vac. Pay particular attention to water settling next to walls or inside ductwork. Get these areas dry as quickly as possible. Containment is important. Do your best to prevent water from infiltrating other rooms. Once you’ve got the area as dry as possible, run fans in the room along with a high powered dehumidifier – for at least a full day – to draw in the remaining moisture.

If, despite your best efforts, you suspect that moisture remains inside the walls, floors or ceilings, call in the professionals. There are many companies that specialize in emergency water damage control.  Google “Restoration Services.” Also, consider contacting your insurance company… especially if the damage will cost more than your deductible to fix. They’re as motivated as you are to reduce the damage.

 

 

 

Judy Sehling

Keller Williams Realty

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When you are thinking of selling your home and buying another, you face the inevitable question: Should I buy a new home first or list my property first? Let’s take a look at both options. If you attempt to buy a property before listing your home, you run into a couple of challenges. First, sellers may not take you seriously as a buyer. After all, you haven’t put your own home up for sale yet. As far as they are concerned, you might merely be testing the market.

 Second, your property might not sell as quickly as you thought it would. If you have removed subjects on your new home and it has an early closing date, you might end up owning, and paying a mortgage on both properties, at least until your home sells. This may make you feel desperate to sell for a lower price than you would have wanted.

 If, on the other hand, you list and put your property on the market before buying a new home, the sellers will know you are serious. That puts you in a better position when you want to make an offer. Also, if your home sells quickly, you’ll have the peace-of-mind of knowing exactly how much of a new home you can afford. You’ll be able to shop with confidence. Of course, like the first option, there is a chance that the closing dates won’t match and you’ll end up owning two properties for a period of time. Solutions such as bridge financing are available to help if the closing dates on both your purchase and sale don’t match. A REALTOR® who has experience dealing with these situations on a regular basis will be able to guide you through the process.

 Judy and Forrest regularly help their clients right-size their lives and move into new homes that fit their current needs. They have an incredibly high success rate of negotiating closing dates to match up so that bridge financing doesn’t have to come into play. Whether you are downsizing or upsizing, Judy and Forrest can help. Call for more information.

 

written by: Judy Sehling

Keller Williams

Realty Real Estate You Can Trust

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Understand your insurance policies. An Ontario couple's home insurance claim is being denied after the pipes of their emergency fire sprinkler system froze and burst, causing major damage.

 Intact denied the claim, saying that under the policy, the water needed to be turned off and drained, including the fire sprinkler system, if the couple were away for more than a few days. "We've got the fire department on the one hand telling us we have to have a system and it's got to be maintained on at all times. We've got the city telling us we have to have the system it's a building code requirement. We got the insurance company telling us, you can't do that or you're not insured. It doesn't make any sense at all."

 "I put a question to our adjuster early on. I said, 'Supposing instead of a flood we had a fire, and we had turned off our fire system, what then?' Obviously I didn't get an answer, but I can guess what it would have been." ‪#‎Insurance

 By Rosa Marchitelli,

CBC News Full article here: CBC INSURANCE NEWS

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