Young Professionals Network

Seasonal Tips During Hurricane Season

By: Joshua Loher, VP of Mortgage Lending, Guaranteed Rate

As we approach some major holidays coming up towards the end of our calendar year, historically, real estate sales will slow entering the winter months, as Realtors® and clients will spend quality time with their family and friends. But keep in mind, as we are in November, that we are still at the tail end of hurricane season here in the Sunshine State.

Hurricane season runs from June 1 through November 30, and while the most active period of the season typically wraps up between September and October, there is still potential for big storms to have major impacts on our area. Florida’s population has skyrocketed over the last few years, which means there are likely many new residents that are unfamiliar with the damage these big storms can cause.

EDUCATE YOUR CLIENTS

As we’re all still reeling from Hurricane Ian that wreaked havoc on our state, it is important for all of us to keep an eye on any weather developing in the tropics. You need to think ahead and educate your clients about any closings you might have that could be affected by a named storm. Since homeowners’ insurance is required for most financed closings, it is important to be aware of the “no Bind Box.” Even storms that enter this “box” with no potential impact on our gulf coast can still cause potential delays in closings statewide.

Our coastal area insurance companies may not be able to write new home insurance policies once a named storm enters “the box.” I would encourage you to remind clients of the importance of getting their homeowner’s insurance bound early in the process during this time of year.

YPN COFFEE TALK

Last YPN Coffee Talk was a major success! Building Your Investment Portfolio was held at RASM South with a packed house for our panel covering investment property tips, tricks, and pitfalls. Be sure to check out our upcoming events in the future! YPN is hosting a trolley tour this month, showcasing neighborhoods throughout Parrish. This tour has been well attended in the past, so don’t miss out and secure your spot today. •

UPCOMING YPN EVENTS:

THURSDAY, NOVEMBER 17

9:00 a.m. Trolley Tour in Parrish

THURSDAY, JANUARY 26

6:00 p.m. Welcome Back Social