Friday, April 26, 2013

MORE ON SUPERSTORM SANDY

The next Sandy Clinic at the NCBA is Monday April 29, 2013 from 3-6:30. Issues concerning contractors, FEMA , and insurance are becoming more prevalent.

I have seen other issues too in heavily damaged areas - homeowners with houses that were "underwater" prior to Sandy; after Sandy, they were literally underwater.

Now comes the real issue: how much money should one put in to repair a home that has more debt than its value? I have discussed this with several homeowners. Soon I was discovering ads for many homes for sale in storm damaged areas. I later asked some real estate professionals if these sales were taking place: the answer was no.

Today,Newsday came out with a very interesting article about the challenges faced by both Sellers and Buyers and here is a link:

NEWSDAY - Want to live near the water? Do homework

No comments:

Post a Comment