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Congress Acts on Flood Insurance

by Doug & Gwen Campbell at Sun Bay Associates

Congress has reached agreement on amending the Biggert-Waters Act for flood insurance reform.  A key component is that houses built to code at the time of construction will be grandfathered, so that they are protected from rate spikes due to new mapping.  AND, the protection stays with the property and not the policy.

Congress has reduced FEMA's authority to increase premiums.  There is now an annual cap of 15% for a property class and up to 18% for a specific property.

Another item that Congress has addressed is that the bill has removed the sales trigger - which allows a purchased to take advantage of a phase in.  The new purchased is now treated the same as the property owner and the premiums cannot spike when the property changes hands.

For specific details on how the new legislation, which will go into effect as soon as the President signs the bill, contact your local insurance agent.

Hopefully, this bill will stabilize the real estate market for older houses built in flood zones and eliminate the uncertainty that was created when Congress initially passed the Biggert-Waters Act a couple years ago.

Choose Your Realtor Carefully!

by Doug & Gwen Campbell at Sun Bay Associates

Choose your Realtor carefully because it could be one of the most important decisions you make in the process of selling your home.  When interviewing Realtors, among the questions to ask is not "how many listings do you have?"  The better question is "how many homes do you sell?"  A non-productive agent will be counter-productive when it comes to selling your home.  They may lack negotiation skills, may be willing to take your listing at a price well above market value - which greatly increases the chances that qualified buyers will not even look at your house, or they will offer to take your listing at a significantly reduced commission because they don't have a real marketing plan to sell your house, beyond putting a sign in the yard and placing it in the Multiple Listing Service.  

In our Keller Williams Realty office in Palm Harbor, the following are statistics comparing the general Realtor population in our MLS versus our Keller Williams Realty office.  Keep in mind that these statistics for Keller Williams are not internal office improvement, it is how our office compared against all the agents in the Multiple Listing Service area.

MLS down 9.4% in closed units             Keller Williams Realty UP 37.4% in closed units

MLS up 4.2% in new listings taken         Keller Williams Realty UP 69.5% in new listings taken

MLS down 12.7% in closed units            Keller Williams Realty UP 42.2% in closed units

For these three statistical measurements, Keller Williams Realty outperformed the MLS by 46.8%, 65.3% and 54.9% respectively.

All that these numbers are saying is to choose your Realtor carefully.  Good Realtors get results and that translates into more dollars for you, the seller.

Curious About the Schools in Palm Harbor??

by Doug & Gwen Campbell at Sun Bay Associates

Now is the time to start looking for a home in Palm Harbor, if you are thinking of moving and finding a school for the next school year.  The Palm Harbor real estate market has three main ZIP codes, 34683, 34684, and 34685.  There is a lot of information available on the schools in Palm Harbor.  This special Market Insider link will take you to a page to get started investigating schools.  When you get there, simply enter a zip code and get additional info on that zip code for schools, or other community data.

As long as you are checking out the school systems, you may also want to look into house prices for an area.  You can do that on the same Market Insider page, just click on the "Market Analysis" tab, enter your zip code and learn about the Palm Harbor real estate market.

While checking out the homes for sale in Palm Harbor, you might want to find the value of your home, if you are going to be considering selling in the near future.  Get an immediate estimate of your home's market value, then if you need a customized report, contact us for a professional comparative market analysis.  As this is written, there are 136 single family Palm Harbor homes for sale in zip code 34683.

If you would be interested in seeing which Palm Harbor homes for sale are currently available, visit our IDX home search link, select a zip code, then add as many or as few other details as you like, and start searching.

Palm Harbor is a terrific community with plenty of things to do, events to attend and a whole lot of good places to eat and shop.  Visit Old Palm Harbor's downtown area, with some really good restaurants to enjoy a meal and get together with friends and family.  The Gulf of Mexico is the western border of Palm Harbor, so boating and fishing are easy activities to get involved in.

Check it out, it is a great place to live.

Displaying blog entries 1-3 of 3

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Photo of Gwen and  Doug Campbell - The Campbell Team Real Estate
Gwen and Doug Campbell - The Campbell Team
at Keller Williams Realty
30522 US Hwy 19N, Suite 107 S
Palm Harbor FL 34684
Doug's Cell 727-741-4189
Gwen's Cell 727-741-7260
Fax: 888-447-7908