Trends In The LBI Real Estate Market After Hurricane Sandy

Dated: 10/05/2013

Views: 1608

Hurricane Sandy and the LBI Real Estate Market

Hurricane Sandy made landfall on Long Beach Island at the end of October 2012. The storm, which was unprecedented in both size and damage, created a new genre in the LBI real estate market: that of the storm damaged home. These homes which suffered substantial damage from flooding are sold essentially for land value with little to no consideration being given to the physical structure. In most cases, the owners of these homes chose to simply accept their insurance payment and “walk away” creating some interesting opportunities for buyers in the LBI real estate market. As we approach the one year mark of Hurricane Sandy’s historic impact, Current Trends in the LBI Real Estate Market and Storm Damaged Homes have begun to change and have created some new opportunities for both buyers and sellers in the LBI real estate market.

To read more about 
Trends In The LBI Real Estate Market After Hurricane Sandy please visit the link below:
http://www.buylbi.com/lbirealestate/current-trends-in-the-lbi-real-estate-market-and-storm-damaged-homes/

Related LBI Real Estate Articles

Latest Blog Posts

How To Go From Renter To Owner On Long Beach Island

 How to go from renter to owner on Long Beach Island?Located on the North End in Harvey Cedars, this three - bedroom, two bath duplex shares ownership with other members of a homeowner

Read More

LBI Tennis Kids And Adults

Sign up now for summer fun for yourself or children of all ages!Contact me for more information or call the LBI Foundation directly.They have so many wonderful programs and events throughout

Read More

Blessings Of The Fleet

Come join us and lend your blessings to all those out on the water!June 17 at 5:30 at Viking Village#watersafety #lbifishing #vikingvillage

Read More

Waterfront Living

waterfront living comes in all shapes and sizes. Contact me to help you find your spot on

Read More