residential Archives - Jeff Rembert

Editor’s Note: The following story by Jeffrey Rembert was posted by Real Prospector on its website under Buyer on August 31, 2015.

While I’ve considered selling my home of nearly 20 years and upgrading, downsizing or simply relocating, something keeps me from calling a real estate broker, perhaps putting my own sign in the yard. Interest rates remain at generational lows, good deals are tucked away in great neighborhoods and credit is readily available. But those economic beacons fail to shed light on the one great and unavoidable obstacle. Packing.

Understand, I hate the idea of packing. Not for the packing itself but for the multiple steps involved in packing. The suddenly discovered gems are treasure-like but the realization that what once sounded like a good idea comes back to haunt you as your days in college or as a single journalist rise up to remind you “moron” has no limits.

Editor’s Note: The following story by Jeffrey Rembert was posted by ESTATIVIZE on its website under Agents on August 27, 2015.

With Tropical Storm Erika on a projected path toward the Southeast United States, prospective property owners– residential and commercial– should note a moratorium will exist on the binding or increasing of insurance coverage if the named storm crosses a specific geographic boundary, or enters a boundary box, somewhere off the northern coast of the Dominican Republic. Another way of putting it, without bound insurance or with inadequate coverage, closings may be delayed, interest rates may be at risk and, in the case of a post-storm claim, insurance proceeds may fall short.

Why is a moratorium important to understand?

As a named storm enters the boundary box, as established by insurance carriers, the National Hurricane Center offers a calculated projection of its path. The margin of error can account for several hundred miles. But, as we know, insurance carriers and lenders are averse to risk. If a named storm is anywhere near – defined by entering the boundary box – owners can forget about binding coverage or increasing coverage over the short term even if the named storm is hundreds of miles away and unlikely to affect their property.

Tag Archives: residential

Moving Woes: Packing Stuff

Act Now: Hurricanes & Tropical Storms Affect Real Estate

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