ORLANDO - It’s little known, but Florida’s hurricane season can cause a wave of problems for home buyers. Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty in Orlando, said. The mere approach of a hurricane can shut down a home sale quicker than you can say Katrina.
Soderstrom, whose company formed an alliance with Florida Insurance Specialists in Lake Mary to help clients buy homeowner’s insurance during the sale closing process, said insurance underwriters won’t write policies in some areas once a potential hurricane is named.
“Once a hurricane is named and its likely course is plotted, home insurance underwriters cease activity on new policies in the projected path of the hurricane,” explained Rhett Robbins of Florida Insurance specialists.
“That could delay the sale of a home for as much as a week or more,” Soderstrom said.
“There’s nothing we can do about it but it’s something we have to watch closely during storm season,” Soderstrom said.
For more information contact: Roger Soderstrom, Founder/Owner, Stirling Sotheby’s International Realty 407-581-7890; rsoderstrom@stirlingSIR.com; Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142; lvershelco@aol.com
About Stirling Sotheby’s International Realty: Stirling Sotheby’s International Realty is affiliated with Sotheby’s International Realty, the largest luxury real estate brand in the world. Stirling Sotheby’s exclusive services include luxury residential, new homes, commercial property management, in addition to supporting builders, developers, lenders, and asset managers. The company operates three performance zones which serve all of Central Florida. Visit www.StirlingSIR.com.
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