|Flood Insurance: Always get coverage for Property and Contents. You should know about the restrictions and limitations of your contract.
Seasonal Erosion: News on beach erosion causing loss of coastal homes are occurring increasingly those days. Ask for the property lines in relation to the beach: “Who owns what”. Find out with owner, your realtor, and the local building department about the erosion around your property.
Tidal and Storm Surge Damage: Ocean is a force of incredible strength and can make critical damages to the foundations. Consult with a licensed contractor or registered structure engineer. A complete inspection is necessary before investing your money in a property on the water.
Quick update on the Local Market: Florida’s housing market continued its positive track in March with more closed sales, higher median prices, increased pending sales and new listings, according to the latest housing data released by Florida Realtors. Closed sales of existing single-family homes statewide totaled 24,811 last month, up 24.6 percent in a year-to-year comparison. March marked the 40th consecutive month that statewide median sales prices for both single-family homes and townhouse-condo properties rose year-over-year.
Signature International Realty