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Andrew Duncan, Tampa Bay's #1 Realtor and expert talks with Richard Vasquez of Artisan Insurance about sinkhole insurance and his advice to home buyers. He also has Arnie and David Diaz of Waterstone Mortgage as guests on The Duncan Duo Show.
We are starting to see it a lot more sinkhole issues as another one recently came out on the local news channel. This has spooked a lot of home buyers. Although sinkholes are a big concern, it's not as common as most people think.
Richard reminds us about the time when there were a lot of sinkhole claims being filed but it didn't mean that there were a lot of sinkholes in those areas. He suggests that if you're looking at certain areas that have a sinkhole problem, it's good to team up with your insurance agent if you're settling on one or two houses but just can't make up your mind. They should be able to do some checks for you like if there has been any sinkhole claims on it. They can check on permits to see what's been done to the house like when was the last time the roof was replaced, air conditioner, plumbing and things like that. Andrew says it's a resource a lot of people don't take advantage of but should because it gives the buyer some history on what happened to the home.
Although it's garnering a lot of attention, buyers should realize that sinkholes is only a pretty small percentage of the homes.
To get more Tampa Bay Real Estate news and advice from Tampa Bay's #1 Realtor, tune in to The Duncan Duo Real Estate Show on 970 WFLA - Tampa Bay every Sundays at 10 am.
We are starting to see it a lot more sinkhole issues as another one recently came out on the local news channel. This has spooked a lot of home buyers. Although sinkholes are a big concern, it's not as common as most people think.
Richard reminds us about the time when there were a lot of sinkhole claims being filed but it didn't mean that there were a lot of sinkholes in those areas. He suggests that if you're looking at certain areas that have a sinkhole problem, it's good to team up with your insurance agent if you're settling on one or two houses but just can't make up your mind. They should be able to do some checks for you like if there has been any sinkhole claims on it. They can check on permits to see what's been done to the house like when was the last time the roof was replaced, air conditioner, plumbing and things like that. Andrew says it's a resource a lot of people don't take advantage of but should because it gives the buyer some history on what happened to the home.
Although it's garnering a lot of attention, buyers should realize that sinkholes is only a pretty small percentage of the homes.
To get more Tampa Bay Real Estate news and advice from Tampa Bay's #1 Realtor, tune in to The Duncan Duo Real Estate Show on 970 WFLA - Tampa Bay every Sundays at 10 am.
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