Broward authentic estate values unlikely to be impacted by historic floods

Broward authentic estate values unlikely to be impacted by historic floods


MIAMI – The sluggish cleanup from the big rain carries on as Broward citizens are working with ravaged houses.  

The Federal Crisis Management Agency has identified over 700 attributes from Fort Lauderdale, south via Dania Beach front have major water damage. 

Real estate agent John Ryan tells CBS News Miami, “I imagine the one-family members homes will survive.” 

Ryan’s family members has been in the Broward real estate enterprise because 1924. They have found it all, because the major hurricane of 1926. 

Ryan states he does not see people just offering up and leaving like what happened right after Hurricane Andrew when a lot of folks acquired coverage checks, bought out, and moved out. Ryan explained to us, “I do not see a mass exodus, personally.”

We asked about the harmed households, a lot of impacted by mildew, are they marketable? The solution is indeed, in accordance to Ryan due to the fact of the strong South Florida genuine estate industry. 

Due to the fact of the need, there may possibly not be any authentic bargains. “I will not see a significant price tag drop. People today who do go away, there are men and women to fill that vacancy. People wanting for homes in South Florida.”

Just following the major rain, Ana Garcia, the Dania Seashore Town Manager reported, “It is a weather phenomenon that has afflicted Dania Beach like nothing at all in the Historical past 120 years.” 

So, folks will very likely bet a main flood like they have knowledgeable will not likely happen all over again in their life time. So, there is very good cause to repair the injury and adhere all-around.  

Ryan tells CBS News Miami, “I acquired folks seeking. I assume the attractiveness of Florida here, the lure of South Florida is much too sturdy as much as a big price tag fall. I you should not see men and women leaving Dania Seashore.”

A reminder if a man or woman buys a home in the area afflicted by flooding, the house owner has to disclose the extent of the flood problems and mildew issues, if any. 



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