While no one has a crystal ball, the current Hilton Head Real Estate Market offers sellers some excellent opportunities this year. There is no reason to kick the ball down the street and wait until next year to sell. In fact, if you are listed for sale and or thinking of selling, you may want to consider these selling reasons in 2012.

Read the rest of this entry

Flood Insurance ~ Hilton Head Island, SC

Flood insurance coverage is purchased separately from homeowner’s coverage. The primary flood insurance comes from the National Flood Insurance Program (NFIP) which is underwritten by our Federal Government and administered by FEMA, the Federal Emergency Management Agency.  The maximum limits of primary flood coverage available in the Hilton Head Area is $250,000 coverage for a building and $100,000 coverage for its eligible contents(typically no more than $365 per year for maximum coverage). Flood insurance is a low cost way to secure coverage to repair or replace improved and personal property if they are damaged by flooding.

Good News Flood Insurance Extension

The U.S. Senate has passed a 60-day extension of the National Flood Insurance Program, avoiding a lapse in coverage due to expire May 31.   While this is temporary good news, the National Association of REALTORS® is firmly committed to working with Congress to pass a 5-year extension of the program.