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Are higher-risk homes cheaper?

Housing Wire

In addition, hazard risk scoring was used to identify the properties with the greatest risk from perils including flood, wildfire, tornado, hail, surge, earthquake, straight line winds, hurricane wind, and sinkhole. Properties in the same neighborhood were used to serve as a control for value differences between different markets.

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50% Rule Imperils Rebuilds in Hurricane-Hit Areas

Empire Appraisal Group

50% Rule Imperils Rebuilds in Hurricane-Hit Areas NEWS & MEDIA felixmizioznikov / Getty Images Source: 50% Rule Imperils Rebuilds in Hurricane-Hit Areas | Florida Realtors 50% Rule Imperils Rebuilds in Hurricane-Hit Areas By Derek Gilliam Some SW Fla. The family also has flood insurance. NAPLES, Fla.

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Insurance Costs Threaten Fla. Real Estate Boom

Empire Appraisal Group

Insurance Costs Threaten Fla. Source: Insurance Costs Threaten Fla. Homeowners across the state have experienced double-digit rate increases for insurance, while others have received notices that their policies will not be renewed. Some out-of-state buyers streaming into Florida say they are stunned by their insurance bills.

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What to Consider Before Relocating to Florida

Lamacchia Realty

Weather challenges are present in virtually all states, but hurricanes in Florida can jeopardize houses and other properties. Hurricanes peak at the beginning of August and last till late November. Every HOA is different, so it’s crucial research and learn all there is to know about the HOA in the Florida community you’re looking in.

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Storm Spotting: A Guide for Homeowners

Raleigh Realty

By identifying the physical structure of severe storms and learning how to identify different types of storms, storm spotting has led to better warning systems and informational statements put out by the National Weather Service and local news stations. Are you interested in learning more? Purchase flood insurance.

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Unlocking Dreams: Embarking on the Journey of Florida Homeownership

Lamacchia Realty

This budget should account for all potential costs, including down payments, closing costs, property taxes, and homeowner’s insurance. As you delve deeper into the process, you’ll realize there’s a lot to learn. Natural events like hurricanes can be a concern for many prospective homeowners.

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The Ultimate Guide to Retiring in Florida: Tips for a Smooth Transition

Lamacchia Realty

Additionally, the state is no stranger to hurricanes, and it’s crucial to be prepared and have a plan, along with home insurance , in the event of severe weather. Reviewing your insurance coverage and understanding the options available for retirees is important.