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Susan Mogel, Licensed Salesperson, CBR (VORO New York)

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Rainmaker
634,532
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

Insurance premiums seem to be the biggest factor in buyers' concerns. In some cases they are looking at premiums higher than their mortgage payments!

Feb 18, 2015 05:15 AM
Ambassador
6,419,589
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Hope you found them and that the market is thriving for you.

Oct 26, 2019 10:33 PM
Rainmaker
4,319,773
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

That was then - and fortunately, MA was spared!

Jun 28, 2018 06:53 PM
Rainer
279,878
Dipti Thakkar
LAER Realty Partners - Andover, MA
On a team with Praful Thakkar

Not much damage in our area.

Jun 26, 2018 10:37 PM
Rainmaker
630,251
Ajay Pandya
e-Merge Real Estate Unlimited - Columbus, OH
Realtor Ajay Pandya

I am sure it was bad then.

Feb 13, 2018 11:08 PM
Rainmaker
4,800,132
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

It probably is.  No ideas.

Jan 28, 2018 06:33 AM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Not any more

Jun 19, 2017 05:08 AM
Rainmaker
2,817,727
Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

Yes, I've been hearing that it's the insurance premiums + the fact that some may need to jack up their homes.

Not sure about solutions though.

Feb 18, 2015 11:58 AM
Rainmaker
1,683,912
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

I'm sure people are still intimidated and will be for a while.  Price is always the first line in selling.

Feb 18, 2015 11:32 AM
Ambassador
1,078,201
John Meussner
Mortgages in AZ, CA, CO, DE, FL, GA, IN, MD, MN, MT, NC, NJ, NV, OK, OR, PA, SC, SD, TN, TX, UT, VA, WI - Fair Oaks, CA
#MortgageMadeEasy Fair Oaks, CA 484-680-4852

As Paula Clifford points out, it may not be the hurricanes that scare people but the insurance premiums.  I think anyone with waterfront property on the east coast is aware of the potential for devastating storms, but the cost of insuraning properties can be surprisingly high.  I think photos and having people spend time in the area is all the marketing you need - living on or near the water is an experience worth the risk, in my opinion.

Feb 18, 2015 03:42 AM
Rainer
4,535
Paula Clifford
Keller Williams Greater Northwest - Cypress, TX

Susan,  boy can I help with this answer from the prospective of a REALTOR on the Mississippi Gulf Coast.  August will mark our 10 year anniversary of Hurricane Katrina.  Yes, absolutely, we are STILL feeling the affects.  Insurance rates are outrageous, we have had the mold issue and of course the defective drywall issues.  Along the beach, aka Highway 90 we are finally seeing commercial properties going . Very few of the mansions are being rebuilt unless the owners can self insure.  And. . . .  above all else people do not want to re-experience the aftermath.  Good luck my friend, I can camiserate with you.

Feb 18, 2015 03:29 AM