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Long Beachers Get Help From a Wantagh Real Estate Broker

Posted on November 17, 2012 by IC N in Latest Real Estate News

Long Beachers Get Help From a Wantagh Real Estate Broker

Image from WIKIPedia

Bryan Murphy, a real estate broker from Wantagh is well aware about the power social media has during crisis. He also put this knowledge into good use after Hurrican Sandy left Long Beach devastated.

Mruphy, who is a resident in Long Beach but also has an associate brokers license in Wantagh with RE/MAX Innovation, created a community page on Facebook called “Sandy Help LB”. Through the page that was created on November 1, he is looking for volunteers to help homeowners and victims of the storm in the Long Beach area to clean up. He has already managed to gather dozens and dozens of volunteers to lend their hand for gutting and cleaning homes.

Murphy said that Facebooks has literally saved lives of Long Beachers.

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Will Home Price’s Every Recover From Hurricane Sandy?

Posted on November 16, 2012 by IC N in Latest Real Estate News

Will Home Price’s Every Recover From Hurricane Sandy?

image from WikiMedia.org

It’s hard to believe that real estate market in places that were devastated by hurricane Sandy could ever come back as strong as it was before.

For example, Seaside Heights in New Jersey is located on a barrier island and was directly hit by Sandy.

Over 80 percent of all the properties there were severely damaged and according to the city council, it will take about 6-8 months to restore all the natural gas pipelines in the area.

Holli Peele, who is a real estate broker who lives on another similar barrier island that is just over 400 miles away from Seaside Heights, knows how the residents here feel.

Hurricane Isabel hit her home town on North Carolina’s Outer Banks in 2003, destroying over 30 homes and cutting Cape Hatteras off for two months because the storm destroyed the highway that led to the city.

Since then, Cape Hatteras has been rebuilt and even real estate prices went back up again. According to Peele, two years after being hit by Isabel, prices in Cape Hatteras were higher than ever before. New research has found that it is the same with most areas that were damaged or destroyed by major storms – real estate bounces back after a few years has passed and prices will be higher than before.

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Sandy Aftermath: What to Expect With Insurance Claims

Posted on November 12, 2012 by IC N in Residential
Wikipedia John_B_Caddell_stranded_Front_Street_jeh
Original Image from Wikipedia

New York ( InvestorsClassifieds ) Hurricane Sandy’s
wrath – fire, floods and winds; bad enough to be
endured by millions who are now turning to the insurance
companies for claims.

According to risk-modeling and disaster firm Eqecat,
Sandy’s damages totaled to an estimate of
$10 - $20 billion; and it is expected that about half of that
shall be claimed by businesses and homeowners from
insurance companies.

For those with damaged properties from Sandy and
want to claim from the insurer, here are what you
can expect:

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