Florida’s residents don’t need to stress about blizzards like people who live farther north. However, the warmer climate comes with its own cause for concern: Hurricanes.The 2024 Atlantic Hurricane season – which takes place from June 1 to November 30 – has an 85 percent chance of higher-than-average activity this year, thanks to La Nina conditions in the Pacific and high ocean … Keep reading... about 7 Vital Hurricane Preparedness Tips for Florida Homeowners
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FIRPTA Foreign Investment in Real Property Tax Act
FIRPTA Foreign Investment in Real Property Tax Act The United States Federal Tax Law requires that a foreign citizen who sells real estate owned in this country pay taxes on the profit of such sale. To insure that the tax is paid, 15% of the proceeds at closing are withheld and transferred to the United States Treasury. The 15% withholding is mandatory if the seller is a … Keep reading... about FIRPTA Foreign Investment in Real Property Tax Act
Get a CLUE Insurance Report
Obtain an Insurance CLUE Report Have you heard the term, Get a Clue? If you are in the market for a home, it is a good idea. In this case a CLUE is an acronym for Comprehensive Loss Underwriting Exchange. Insurers use a CLUE report as one piece to evaluate the risk of a property. As a prospective buyer of a home, you can request that the seller provide this report as part … Keep reading... about Get a CLUE Insurance Report
National Flood Insurance Program NFIP
National Flood Insurance Program (NFIP) US Senators from New Jersey, Cory Booker and Bob Menendez have written a letter to Federal Emergency Management Agency (FEMA) calling for changes to the National Flood Insurance Program (NFIP). The letter states that the agency that oversees flood insurance for millions of homes in vulnerable areas has done too little to mitigate the … Keep reading... about National Flood Insurance Program NFIP
HURRICANE SEASON IS HERE – BE PREPARED!
By Debra Mann, REALTOR, Suncoasteam Realty Contact Debra: 941-626-0744, debra@suncoasteam.com Hurricane season is here again (the season runs from June 1- November 30). With the peak of the season being mid August to late October, it is a good idea to think about getting prepared early, even though our seasons have been relatively quiet in Florida since 2004 & 2005 (and … Keep reading... about HURRICANE SEASON IS HERE – BE PREPARED!