As the rains continue to fall, I am grateful for the renovations and enhanced construction implemented after the hurricanes of 2004. Windows are sealed, and if you do not have shutters, then hopefully you have impact-resistant windows or great plywood. Sandbags are available and should be placed where necessary. Follow the forecast, and stay safe and dry.
The real estate market marches on, even during the rains. The weather has changed the value of improvements that bring returns in today's real estate market.
Hurricane shutters expedite the sale of a home. Electrically operated or luxury shutters do not bring a financial return to sellers but certainly enhance the appeal of the property and bring some return in a quicker sale.
A newer roof with hurricane straps is almost a requirement in the sale of a home during the hurricane season.
Any other preventative/protective measures for hurricanes should be highlighted and brought to the attention of prospective buyers.
Upgraded wiring to accommodate a generator becomes a plus in selling, even more so if the generator comes with the house and is included in the sale price.
A gas grill in the summer kitchen is a good feature in case of power failures. It is interesting how the buyer's priorities change during the hurricane season.
This is the time that agents and sellers need to be particularly calm but thorough in relating hurricane information and past experiences.
A seller must disclose problems that he or she has encountered in the past, relative to the property. In the seller disclosure that is typically given to the buyer, sellers should explain exactly what problems were experienced in past storms and how the problems in the past were corrected.
It is important to explain all details of the property before the buyer has an inspection. Inspectors are thorough and tend to find indications of past leaks. When a buyer has been informed of everything prior to inspections, the seller's credibility is increased and there is trust with buyer and seller to complete the transaction.
Current statistics show that the hurricane season has not affected the trend of increased sales in the past few months. Our particular area of Florida has seen a correction in fewer listings coming on the market in addition to the increased sale activity.
With this information, if sales continue in the same pace and listings continue to decrease, the residential market, in my opinion, will begin to balance in approximately one year.
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