FOREWARNED IS FOREARMED: WHAT
North Bay Road there are two houses side by side, one asking $25 million and one asking $34 million; another one down the street asking $35 million. Those are spec homes,” says Jill Hertz- berg, a Miami Beach Realtor and, along with Jill Eber, half of “The Jills,” sellers of luxury Miami Beach real estate.
familiar with which areas typically flood, potential investors from thousands of miles away may not, says Slap. Equating it to a termite inspection, Slap says that smart investors can obtain a detailed analysis of a property’s flood risk for $149. Such an assessment could give out-of-state investors peace of mind.
INVESTORS NEED TO KNOW If it’s not already, experts say that a new part of a coast investor’s due diligence will be to investigate a property’s suscep- tibility to king tide flooding, now and in the future. While local investors may be
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