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Real Estate - Home » Blog » Home Buyers » Should I Change the Locks on My New Home? [VIDEO]

Should I Change the Locks on My New Home? [VIDEO]

June 19, 2020 By Libby Guthrie Leave a Comment

Question: Libby, should I change the locks on my new home? Answered by Libby Guthrie

Video Transcript

Hi, I’m Libby Guthrie with Keller Williams Realty in Northern California. And I’m going to talk today about whether or not you should get your locks changed when you obtain your new home, whether it be a brand new home or a resale home.

So a lot of times my clients will tell me, well, Libby, the sellers gave me all the keys and I trust them. And, I don’t feel like I need to go to the expense of getting a locksmith out here or going to the hardware store and changing the locks myself.

And, or if you had a brand new home and the builder gave you the key and you feel that that’s safe. So, I always tell people, no matter what, get those locks changed because, and, or the keys changed because you never know who had a copy of that key.

For example, on a resale home, the seller may have given a relative a copy of the key or given the key to a vendor to do some maintenance in the home. Or a cleaning person to do the cleaning in the home, and you don’t know if those people ever made copies of that key. So always go ahead and get your locks changed even on a brand new home because it just is a peace of mind that you need to do just to make sure, just to be on the safe side.

So if you have any questions regarding buying or selling a home in general, I’ll be happy to help you out, even if it’s not in the Northern California area as I know quite a few agents all over the country.

My number is (925) 628-2436. Thanks.

End Transcript

 

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guthriegrouphomes

Libby Guthrie, Realtor
@ Keller Williams 865-966-5005
🏡 Helping You Make the Move to Knoxville
📱 Cell: 865-364-0200
🏡 Good People, Great Homes!

Most People Compare the Wrong Two Numbers 🤔⁣ ⁣ Mos Most People Compare the Wrong Two Numbers 🤔⁣
⁣
Most owners weighing "sell it or rent it out" start with two numbers: what the house would sell for, and what it would rent for.⁣
⁣
Those two numbers don't answer the question.⁣
⁣
What matters is what each path nets you over the years you'd actually hold it. On the sell side, that's the proceeds after commission, closing costs, and whatever it takes to get the deal done — and then what that equity goes on to do next. ⁣
⁣
On the rent side, it's the mortgage plus property taxes, insurance, a maintenance reserve, a vacancy allowance, and management fees if you won't be handling it yourself.⁣
⁣
And a rental pays you in three ways that arrive at different speeds: monthly cash flow, the principal your tenant is quietly paying down, and appreciation over time. ⁣
⁣
A house that barely breaks even each month can still be a strong hold. One that cash-flows can still be the wrong call if you need that equity for the next place.⁣
⁣
Run it with real local numbers for your specific house. Rent, taxes, and appreciation vary enough from one neighborhood to the next to flip the answer.⁣
⁣
Link in bio⁣
⁣
Libby Guthrie, REALTOR® 🏡 | Cell: 865-364-0200 | GGHKnoxville.com ⁣
Keller Williams 865-966-5005 | Libby@GuthrieGroupHomes.com⁣
Knoxville, Tennessee⁣
⁣
#GoVols⁣
⁣
#SellOrRent #RealEstateTips #HomeEquity #MovingSoon
5 Things That Change the Day You Become a Landlord 5 Things That Change the Day You Become a Landlord 

Keeping your old house and renting it out sounds simple. It's manageable — but five things change the day a tenant moves in, and every one of them is easier to handle before than after.

🏦 Your lender — most primary-residence mortgages require you to move in and live there for a set period first. Confirm where you stand before you plan around it.

🛡️ Your insurance — a standard homeowner's policy doesn't cover a home rented out long-term, and a landlord policy generally runs about 25% more.
📋 Your HOA — rental caps, minimum lease terms, and approval processes are the reason some owners can't take this path at all.

🔑 Your tenant — screening, a proper lease, security deposit rules, and your state's and city's landlord-tenant law. This is the part that goes wrong when it's rushed.

⏰ Your time — a few hours a month in a quiet stretch, and whole days when something breaks or someone moves out. The 2 a.m. water heater call is real.

Nothing on that list is a reason not to do it. All of it is a reason to do it on purpose.

Link in bio

https://gghknoxville.com/keep-it-or-cash-out-selling-vs-renting-your-knoxville-home/

Libby Guthrie, REALTOR® 🏡 | Cell: 865-364-0200 | GGHKnoxville.com 
Keller Williams 865-966-5005 | Libby@GuthrieGroupHomes.com
Knoxville, Tennessee

#SellOrRent #Landlord #RealEstateTips #HomeOwnership
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[one-third-first]
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