Purchasers and sellers of Hilton Head Property will run across “as-is” in the contract form and may wonder what exactly this means to them.  As a buyer or seller, the as-is part of the contract allows information about the home to be put on the table.  Paragraph 8 of the Hilton Head Area Association of REALTORS (HHAAOR) contract states that “as-is means the property is being conveyed in the condition in which it is presently found subject to the aforementioned paragraphs”.  Looking through the previous paragraphs we find out more information on what “as-is’ could be for a purchaser and seller.

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HHAAOR REALTORS sell more than homes, they sell the community, volunteer and care.   The greater Hilton Head Area prides itself on volunteerism.  Today, we have three Realtors that will share how they participate in the community. 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.