Sanibel Real Estate Blog: Flood Insurance Update

December 6th, 2017

If you are under contract to buy a home, better get your flood insurance lined up before Dec. 8. The National Flood Insurance Program expires then and if Congress doesn’t act there could be a lapse in this program.

Republicans proposed a spending deal that would keep this going until Dec. 22 on Monday but there is uncertainty on the program and it’s future.

Best to line it up now.

Sanibel real estate as most of Southwest Florida, does require flood insurance ( if you are getting a mortgage). If you are one of those looking, check out our listings at www.chuckandrews.com or give us a call to discuss the market anytime.

Sanibel Real Estate Blog: October Better Than September

November 22nd, 2017

Real estate activity was much better in September. Old Irma held us down a bit. Closed sales in October in LEE  County were down from last October 9.5% and condo sales were up 9.1%. The median value of a single family home continues to creep up at $240,000- that’s 6.7% higher than last October at $225,000. Condo median value is down just a touch at $178,000- it was $181,000 last year.

We can help with all questions on Sanibel real estate or you can check out our listings at www.chuckandrews.com. Give us a call to discuss the market anytime!

Sanibel Real Estate Blog: NAR Applauds Flood Bill Passage

November 16th, 2017

According to NAR, H.R. 2874 authorizes $1B to elevate, buy or mitigate high-risk properties; caps premiums at $10K per year; opens up coverage to the private market; allows community flood maps and an appeal process; improves the claims process; and deals with properties that flood repeatedly. Originally to expire on Dec. 15th, this seems like good news.

This bill will help on Sanibel real estate owners. If you are looking for Sanibel real estate check out our website at www.chuckandrews.com or give us a call to discuss area real estate anytime.

Sanibel Real Estate Blog: SANIBEL Photo Contest

November 10th, 2017

It is that time of year again when R.S. Walsh Landscaping hold its’ monthly photo contest to celebrate Sanibel and Captiva. From December through April, you can submit photos each month for a chance to win a $50 gift certificate to R.S. Walsh IN the Garden. A  different theme will be featured each month and participants can submit up to 5 photos per month. For more information on submission visit rswalsh.com.

If you get an interest in Sanibel real estate while out shooting your photos, check out our listings at www.chuckandrews.com, or give us a call to discuss Sanibel real estate anytime!

Sanibel Real Estate Blog: Irma Not Good for Sales

October 23rd, 2017

Hurricane Irma, which made landfall in the Keys on Sept. 10 and continued up the state’s west coast, affected Florida’s housing market data in September, according to the latest housing data released by Florida Realtors®. Fewer sales, pending sales and new listings were reported, though median prices rose as a still-tight inventory of for-sale homes remained the norm in many areas. Sales of single-family homes statewide totaled 18,030 last month, down 20.4 percent compared to September 2016.

IN Lee County, pending sales were down 48% in September, but as we move through October it sure seems to be picking up! The phone is ringing and showings are happening.

If you have an interest in checking out Sanibel Real estate after this storm, give us a call or check out our website at www.chuckandrews.com.

Sanibel Real Estate blog: Farmer’s Market Return

October 11th, 2017

Get ready for some good local veggies, fruit, seafood and WAY more as the Sanibel Farmer’s Market has returned every Sunday. Come out and load up for the week or have a litte breakfast or lunch at the market. Come support our local economy.

If you get an interest about Sanibel real estate while visiting, give us a call or check out our website at www.chuckandrews.com.

Sanibel Real Estate blog: Interesting Article

September 29th, 2017
 I thought this article was quite good:

FORT LAUDERDALE, Fla. – Sept. 28, 2017 – Question: While we survived Hurricane Irma, we missed a lot of work and had to spend our savings to get things back to normal. Now we can’t afford to make our mortgage payment. Are we going to lose our home? – Agnes

Answer: When disaster strikes, we all need to do what we have to do in order to get through it. As a small business owner, I understand the difficulties that such a disruption can cause to our finances. When your funds are limited, it’s better to buy water and gasoline and worry about paying your mortgage when things return to normal.

Fortunately, most lenders and the government understand this and have offered relief to people affected by the hurricanes. As soon as you can, call your lender and see what programs are available to you.

If you have a federally backed mortgage, which most homeowners do, you will most likely be offered the chance to skip your next three payments and have those payments added to the end of your loan. Other lenders are offering similar programs, but they will spread the skipped payments out over a year instead.

Your lender may be busy and you may need to jump through some hoops, but by all accounts, lenders have been trying hard to make it easy for Mother Nature’s latest victims.

There’s also relief in the form of student loan payment forbearance and Internal Revenue Service extensions, although you still will need to pay any taxes due now. Reach out to the appropriate agencies, or to a financial professional, and you most likely will find the help you need.

About the writer: Gary M. Singer is a Florida attorney and board-certified as an expert in real estate law by the Florida Bar. He practices real estate, business litigation and contract law from his office in Sunrise, Fla. He is the chairman of the Real Estate Section of the Broward County Bar Association and is a co-host of the weekly radio show Legal News and Review. He frequently consults on general real estate matters and trends in Florida with various companies across the nation.

Copyright © 2017 Sun Sentinel (Fort Lauderdale, Fla.), Gary M. Singer. Distributed by Tribune Content Agency, LLC.

Needing any info on Sanibel Real Estate, check out our website at www.chuckandrews.com

 

 

Sanibel Real Estate Blog: AFTER Irma: Give help, get help

September 20th, 2017

Sanibel was spared with the recent hurricane. Some trees down, some pool cages, older roofs may be leaking, and it was days until the residents had power but overall, Sanibel did ok.

If you are in area that is needing help or if you have resources or time to help, check out the following list put together by our local Sanibel real estate board.

  • Florida Realtors Disaster Relief Fund – This is Realtors helping Realtors and others in the Realtor family – including real estate brokerage employees, associations and staff – who need assistance. The Fund accepts donations from anyone who wants to help.
  • Florida Realtors Disaster Relief Fund – to donate
  • Florida Realtors Disaster Relief Fund – to apply for help
  • Florida Disaster Fund supports local service organizations that help individuals in their communities with disaster response and recovery efforts – Click to donate or text DISASTER to 20222 to make a one-time donation of $10. NOTE: Individuals seeking financial assistance should register with FEMA at 1-800-621-FEMA (3362)
  • National Association of Realtors® (NAR) Realtors® Relief Foundation – to donate
  • Federal Emergency Management Agency (FEMA) offers federal disaster assistance: To call, (800) 621-FEMA (3362); TTY (800) 462-7585; more info, www.fema.gov
  • Federal Disaster Recovery Center (DRC): To find a center near you to go to for guidance, use the DRC Locator or text DRC and your zip code to 4FEMA (43362).
  • Small Business Administration (SB) offers low-interest disaster assistance loans and business help
  • American Red Cross: (800) HELP-NOW
  • Salvation Army: (800) SAL-ARMY
  • Florida’s free Insurance Consumer Helpline for insurance questions about policies: (877) 693-5236
  • Florida Chief Financial Officer’s webpage to assist consumers with filing claims
  • Florida Department of Economic Opportunity’s Disaster Unemployment Assistance (DUA) Program offers assistance to businesses and residents whose employment or self-employment was lost or interrupted due to Irma. More info or to file for DUA or call 1-800-385-3920
  • Florida Small Business Emergency Bridge Loan Program provides support to businesses that suffered economic or physical damage from Hurricane Irma. The application period expires Oct. 31, 2017.
  • Florida Virtual Business Emergency Operations Center offers a business damage assessment surveying tool for businesses to report damages from Hurricane Irma.
  • National Flood Insurance Program (NFIP) Call Center: (800) 621-3362 (option 2); email, complete a “Request for Support” form and send to FEMA-NFIP-Support@fema.dhs.gov
  • A legal aid hotline is now available for Hurricane Irma survivors in Florida who cannot pay for an attorney: 1 (866) 550-2929

Sanibel Real Estate Blog: Flood insurance after Harvey

August 31st, 2017

In a statement, William H. Stander, executive director of the Florida Property & Casualty Association, said the organization can’t speculate on how Texas losses could impact Florida rates: “More importantly, all Floridians should recognize the importance of buying flood insurance, which is not covered under your homeowner’s insurance policy,” he said.

We all know it… flood insurance should be well in place before the storms. And if you are buying property, the insurers won’t write flood insurance with a storm lurking.So get it well in advance of a purchase.

Sanibel real estate does require flood insurance but we have private companies that can help with policies. Don’t be afraid to check out Sanibel real estate at www.chuckandrews.com or give us a call to discuss the market anytime.

Sanibel Real Estate Blog: TOP 10!!

August 8th, 2017

Travel and Leisure magazine just came out with it’s annual World’s Best list and good ole’ Sanibel  Island came in at #10!! Pretty amazing. Check out the August issue for yourself!

Sanibel real estate sales are moving along nicely this summer. If you have any questions about Sanibel real estate or your Sanibel neighborhood, check out our website at www.chuckandrews.com or give us a call at 239-849-3396 for more info.