Tag: insurance costs
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Starting Oct. 1st, Florida Sellers Must Disclose Past Flood Insurance Claims
Home sellers in Florida: Look out for a new flood insurance disclosure rule. Effective October 1, 2024, you must tell prospective buyers if your home has ever had documented flood damage. Ask your Florida seller’s agent about the required flood disclosure — which the buyer must receive before signing the sales contract. Specifically, the declaration…
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Condo Bubble? What’s Going On in Florida Now?
Florida is a snowbird’s paradise. It’s no surprise that condos make up a major portion of the market. Recently, though, Florida condos are presenting specific challenges. They’re getting hard to finance. Home buyers in Florida can expect to put at least 25% down. For coastal homes, which lenders consider risky, the expected down payment can…
