DeSantis Sets May Session on Property Insurance
Reinsurance, the Office of Insurance Regulation and changes to Fla.’s Building Code to improve insurance affordability are among topics for the May 23-27 session.
Affordability Drives Buyer Activity
Index: North Port and Naples are in top 5 of 1Q 2022 emerging housing markets as Fla. continues to attract migration from other states. They were top 2 in 4Q 2021.
Flippers Now Flopping?
Home flippers in Fla. are feeling the impact of a shortage of for-sale homes, rising median prices, supply chain issues and too few subcontractors available.
Homes with Green Features Gaining Popularity
NAR: Half of agents and brokers surveyed said they helped a client buy or sell a property with green features over the past 12 months, compared to 32% in 2021.
Get More Referrals Without Being Annoying
Ideas: Offer superior customer service, ask for and share client testimonials, regularly express gratitude to clients and build a database to keep in contact.
Home Prices Continue to Rise
20-city price index: A 20.2% year-over-year gain in Feb; up from 18.9% in Jan. Tampa and Miami were in top 3 cities for highest rate of home-price growth.
Multiple Offers Remain Prevalent This Spring
Survey: Buyer traffic continues to outpace supply. Realtors report about 5 offers were made on each home sold in March; 57% of buyers offered above list price.
Condo Q&A: Does Fla. Law Require Competitive Bids?
Short answer: It does under some circumstances. Also: If an unexpected big expense comes up, can a condo board pay using money from its capital reserve and replace the funds later?
Tenant-Occupied Property: The Closing Process
Part three of a three-part series: Issues surrounding sales of property with tenancies. Part one covered taking a listing, part two the contract language. Issues can also rise regarding closing, however, including some specific concerns.
Condo Insurers Flee Florida
Insurers that remain are raising prices after the tragic Surfside collapse. Condo associations able to get policy renewals may face 30% to 50% premium increases.