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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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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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Appraisal Risk, Reviews, and Revisions

Appraisal Today

Additionally, the tools available to both appraisers and appraisal reviewers have undergone iterative process changes and users have advanced further up the learning curve. I learned the hard way what to do. Lenders want fire insurance for all mortgage loans. Many residents don’t have flood insurance. Maybe, maybe not.

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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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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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