Sell My House Fast For Cash In Orlando (Real Or Scam?) | July 3, 2017 By Eugene

July 3, 2017

By Eugene

Eugene’s Blog Page

The companies are out there, you’ve heard about them, and you know some people take a dim view of what they do. But suppose you need to sell your home fast, for whatever reason, and you don’t have the time or resources to go the traditional route.

If that’s the case, you’ve probably been asking yourself this question: “Can I really get a fair deal if I sell my house fast for cash in Orlando Florida?”

You most certainly can. You just need to exercise some due diligence.

Over the past decade or so, professional house buyers have become a fairly common phenomenon, and there are plenty of reputable ones. It’s just that you need to do a little research first. And if you do decide to “sell my house for cash”, there are several benefits.

How it Works and the Benefits

Here’s how it works with reputable, established companies, the ones that fall on the “real” side of this question: “Can I sell my house fast for cash in Orlando?” After the initial contact, a representative of the company will view your home. Then the company will put pencil to paper and figure out a fair cash price. The company will, of course, have to take into account repair costs and time invested making the repairs. Then when you and the professional home-buying company come to an agreement, you can have cash in your hand in as little as one week. Pretty simple and easy, really.

The benefits are numerous, but here are some of the most important ones. You won’t have to get an appraisal and then wait the standard three months. Your house won’t have to be shown multiple times, and you won’t have to wait for a prospective buyer to secure financing. You also won’t have to wait two to three months for closing. Basically,  the whole process is streamlined and headache free, and you can be assured of getting a fair offer from a reputable company.

If you sell your house to a cash buyer, you’ll avoid more than a few hassle sand delays.

What to Avoid and What to Look For

Just as in any other industry, there are a few shady operators in the arena of professional house buyers. So just beware of the following two common scams (besides, of course, high-pressure tactics and bizarre phone calls)

Contract Bait and Switch – The crux of this scam is a changing contract. You start with just a verbal agreement between you and the buyer. Then they offer a contract that purports to be just a formal version of your verbal agreement, a contract which you barely read and just signed. In the end, the final contract that you sign – which you’ve been assured has only minor changes – is nothing like your initial agreement. So you wind up with a bad deal and lose money and/or become entangled in legal battles.

Equity skimming – In this scenario, after you transfer your deed to the so-called buyer, they make off with a large chunk of your equity.They do this by having you make payments to them instead of the mortgage company or by renting out the house after you vacate. So they get a monthly payment and can also use your equity to get other financings. And if they stop making payments – because although they hold the deed, they never assumed the mortgage liability – you wind up with a foreclosed home on your hands.

Now, if you want to sell your house fast for cash and avoid such issues, make sure you deal only with professionals who have an established reputation in the industry. You can check out the prospective company with the state Attorney General’s Office, your state’s Real Estate Commission, and, of course, the Better Business Bureau.

Always understand what you sign, and it’s a good idea to get advice from a trusted third party. Also, get all agreements in writing – a professional will want the same anyway. And remember: if a deal sounds too good to be true, it probably is.

If you’ve done just a little research, then, “Can I sell my house fast for cash in Orlando?” is a question you won’t have to ask. You’ll know it’s the real deal and that maybe it’s right for your particular circumstances.

To find out more about this viable option, just give us a call at 321-231-7100 or fill out the form on our website.

Advantages of Selling Your Home Yourself in Orlando | July 1, 2017 By Eugene

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Most people think you need an agent to sell your house, but we want to prove otherwise. We want to share with you the advantages of selling your house yourself!

The first one might be a bit obvious, but….

NO COMMISSIONS! 

Real estate agents can charge 6%+ upon the sale of your home, even if you end up selling the home yourself. This is in addition, to the agent fees, administrative fees, marketing fees, photography costs, etc, etc. When you sell your home directly, you will save yourself THOUSANDS. Save thousands by placing your home for sale on the MLS which Realtors use. Go to flatfeelistingorlando.com

Sure you will have to do the work of advertising and showing your home, but when you are moving into a new house, having that additional cash can save you a ton of stress! There are always additional costs when you are moving, that’s just life. And keeping some hard earned money in your pocket will make everything go smoother.

You Run The Show

You don’t want showings this Saturday? Ok, don’t schedule any. When you are working with an agent, often times they will be the one calling the shots. Of course, you are ultimately the owner, but if you hire an agent to sell your home, (hopefully) they will do their job and bring lots of people to see it.

This means weekend showings where you will be asked to leave, evening showings, etc. All of these can occur at the drop of a hat, so you will have to keep your home in tip-top shape while it is on the market.

Your Terms, Your Way

An agent will always be looking at what they can make off the sale of your home. This means they may stand firm on the price in situations where you might be open to negotiation. Even if you are eager to sell, an agent is always going to be trying to make as much as possible. Will they really have your best interest at heart when so much money is laying on the table?

In addition, you can decide all of the dates. When the new homeowners can move in, when you have to be out, when you close, etc.. You can set the terms as to what you will fix, what you won’t, and how much you are willing to spend to fix things. When you choose to sell on your own, you call the shots when it comes to the contract, without any influence from an agent who may only have their best interest in mind.

Few Cash Sales Fall Through

As they always say in real estate, “cash is king.” If you are able to find a cash buyer for your home, you will save ample time and money. Closings typically take only a couple weeks as opposed to a couple of months when you work with a bank. Plus you won’t be waiting for your buyer to secure financing. A cash buyer will pay directly, without any red-tape from the banks. These deals rarely fall through and you end up saving a fortune on repairs, staging, and other sales related expenses.

Selling your home yourself will save you time which equates to money saved. Think about all the extra cash you will save on taxes, utilities, insurance and the mortgage by selling your home faster! While a cash offer might be lower than what you would list it for, many times you end up with more money in the long run after all of the fees, commissions and other costs are taken out. Not to mention the stress and headaches of having your home on the market. (imagine people driving by constantly some even peeking in your windows! It happens!)

About Eugene Hoffman

What is a short sale and how does it benefit you in Orlando Florida?

What is a short sale and how does it benefit you here in Orlando?

If you’re thinking that question about yourself… great question!

In this article we’ll dive into that question so you as a Orlando Florida home owner can tell what your options are during foreclosure or just if your home mortgage is underwater.

What is a Short Sale and How Does it Benefit You?

A short sale can be a smart way to mitigate foreclosure (here’s a great definition of what a foreclosure is in case you’re not sure) on a mortgage, although they can be difficult to attain in today’s market, they often prove to be a simpler way to resolve any debt left over from a loan.

Short sales were really common in the market a couple years back when the flood of foreclosures hit the Orlando market… but as foreclosures have slowed down and home values have climbed back up a bit… lenders are a little less likely to offer a short sale as an option as they used to be (but they are still doing a lot of them!).

Here are a few reasons you may want to consider short sale on your Orlando hom

You Avoid Foreclosure And The Harmful Effects Of It

The best benefit of short sale is that you avoid a foreclosure on your home. Your mortgage lender accepts less than what is owed on your mortgage, leaving you without the debt that you cannot afford.

Foreclosure can lead to all kinds of financial problems, starting with the inability to obtain a new loan for a home because a foreclosure stays on your credit record usually for up to 7 years.

Even renting will become more difficult as your credit score would be affected, and you often have to disclose a foreclosure on a rental application. Foreclosures can also last a long time (up to 7 years as mentioned above), making you wait years to even qualify for a new mortgage.

Credit Worries

With a foreclosure, you face all kinds of ramifications with your credit. Buying a car and renting a house may be impossible through the normal bank loan routes.

If you work with money at your job you could even face termination if your employer puts a lot of stock in that kind of thing (most employers won’t but it has been done before).

A short sale relieves the debt that is left over from what is owed on the mortgage, letting both the bank and the seller move on. A short sale is also easier on your credit score, which can allow a homeowner the ability to recover in the long run. Your credit report will only show a pre-foreclosure status, which reduces your credit rating minimally compared to a foreclosure.

Buying a New House

A foreclosure can last for a long time, making it impossible to purchase a mortgage again for up to 7 years.

Short sales offer a little more flexibility for the seller, allowing new home applications only 2 years after the filing depending on the bank. It also makes a mortgage lender more likely to approve your loan than if you had a full foreclosure, getting you back into a home faster.

Again, this all depends on the actual bank / lender you’re working with… so if they’re giving you a hard time a year or two after a short sale… shop around and find another bank to work with.

Usually No Fees Involved

One potential benefit of the short sale is there are usually no fees associated with the process from the bank.  The banks just want to get the note off of their books… and if it can be proven that your house is “underwater” (you owe more than your house is worth)… and you’re at the risk of walking away from the house… the bank may rather work out a short sale instead of going through a costly foreclosure.

With a foreclosure, your mortgage lender may tack on extra fees that only make the damage worse.

Some real estate consultants may charge a fee for helping facilitate the foreclosure with your bank… so check with them before you enlist a real estate agent or firm in helping you with this.

Our company, Eugene Hoffman LLC may be able to guide you in the right direction on how to give yourself the best shot at a bank approving a short sale with your Orlando area house… so connect with us by calling (407) 781-7312 or shoot an email to us through our contact page here.

Getting a Short Sale – What You May Need To Provide

You will have to provide the bank with proof of being unable to pay your mortgage payments. This can be difficult and is best resolved by finding a good real estate attorney in your area that has experience dealing in this type of law.

If you don’t know who to contact or where to turn to see if a short sale may be a good option for you… get a hold of us.

We won’t charge a thing to discuss your situation with you and let you know your options.

And we can even give you guidance and pointers at absolutely no cost or obligation.

Sometimes we’re actually able to do the work for you or even buy the house from you to get you out from under that mortgage… so that may be a viable option for you.

We buy Orlando houses and we work with home sellers like yourself who are having troubles getting out of your house the traditional way… or who can’t (or don’t want to) go the usual route of listing with an agent.

Get a hold of us anytime to discuss your situation. We’re here for you!

“Mortgage Demand Cools”: Fannie Mae | by Wolf Richter • Jun 26, 2017

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Home prices are “weighing on affordability and constraining sales.”

Here’s another piece of an incomplete behind-the-scenes puzzle of the housing market that has surged to new record highs. Fannie Mae — one of the Government Sponsored Enterprises (GSE) that guarantee eligible mortgages and package them into mortgage-backed securities that are then sold to institutional investors — had some disconcerting words in today’s Mortgage Lender Sentiment Survey for Q2:

More mortgage lenders say they have eased credit standards recently and expect further easing in the coming months.

Why? Cooling demand for mortgages. Mortgage lenders in the survey include banks of all sizes, specialized non-bank mortgage lenders (they don’t take deposits), and credit unions.

The net percentage of mortgage lenders that reported having eased credit standards over the past three months has been rising since Q4 2016. And the net percentage of lenders that expect to ease credit standards over the next three months for all three types of mortgages —  GSE eligible, non-GSE eligible, and government loans such as FHA and VA insured mortgages – “reached or surpassed survey highs this quarter.”

The chart below shows the net percentage of mortgage lenders who expect to loosen credit standard of GSE-eligible mortgages – the “conforming” mortgages that adhere to GSE underwriting guidelines, including loan limits:

The driver behind the loosening of mortgage standards? Lenders want to write more mortgages. That’s their business. But the business hasn’t been going all that well recently, just when home prices across the country, and in particular in certain cities, have surpassed prior bubble highs, and prudence would now be more important than ever. So what drives them to lower their standards?

Cooling demand for mortgages.

Lenders’ increasing concerns over “economic conditions” drove the easing of lending standards, as mortgage demand has taken a hit, and as the share of lenders who reported growth in purchase-mortgage demand “dropped to the lowest net reading in years.”

The report: “Across the three loan types, the share of lenders who reported growth in purchase mortgage demand dropped to the lowest net reading in years for a second-quarter period”:

Comments on why demand for mortgages was cooling differed by institution size:

• Larger Institutions: “Higher rates. Uncertain economic times” and “Competition.”
• Mid-sized Institutions: “Lack of inventory. We are an affiliated mortgage company and the lack of inventory in our markets effects our business directly.”
• Smaller Institutions: “Higher rates.” “Cost of housing.”

The report pointed out that this drop in demand for purchase mortgages confirms Fannie Mae’s report earlier in June that found that Americans were souring on the housing market, with the percentage of those thinking that now was a good time to buy a home dropping to a record low.

“Easing credit standards might also be due in part to increased pressure to compete for declining mortgage volume,” said Doug Duncan, senior VP and chief economist at Fannie Mae.

In face of declining demand, competition among mortgage lenders to write mortgages “heats up.” So they get more aggressive with their rates, which lowers their profit margins. And 71% of the lenders blame competition for their lower profit margin outlook, the highest percentage in the history of the survey and up from 44% a year ago:

Fannie Mae’s Duncan:

“Expectations to ease credit standards climbed to survey highpoints in the second quarter as more lenders reported slowing mortgage demand and increasing concerns about competition from other lenders.”

But the mortgage lenders remain an optimistic bunch in terms of home prices: 78% said that home prices over the next 12 months would rise, also a survey-high, with only 3% daring to think that home prices might go down over the next 12 months:

The report summarizes “Tight inventory has pushed up home prices, which is weighing on affordability and constraining sales.”

This survey is another piece of the puzzle of a housing market that has boomed in many cities beyond what is sustainable and affordable. Now the Fed has embarked on raising short-term yields and has brought them up one percentage point. Long-term yields continue to drop, and mortgage rates remain historically low. But the Fed is now also targeting long-term yields with its strategy of unwinding QE.

QE was designed, among other things, to bring down long-term yields and mortgage rates, and it did so successfully – hence the surge in home prices. Unwinding QE, including shedding the mortgage-backed securities now on the Fed’s balance sheet, will eventually have the opposite effect, just when home prices have surpassed the prior crazy bubble peak – in some cities by a big margin.

Using Psychology to Sell Your Home in Orlando | June 25, 2017 By Eugene

www.eugenehoffman.com/blog

When you’re getting ready to sell your Orlando property, you’ll want to make sure you have everything working in your favor. Depending on your neighborhood, there might be several similar houses on the market, all with similar amenities. If you want to sell your house quickly, it has to stand out and feel special.

In this blog, we will give you…

5 Clever Tips That Use Psychology to Sell Your Home Fast!

1. The Numbers Matter

Do your homework, and know exactly what your home is worth. Setting a specific price will show prospective buyers that you know what you are talking about, and have invested in maintaining the quality of the home. Round numbers can make it seem like you have no idea what you’re doing. “$150k? That sounds about right!”  If you and your agent conclude that your home is worth $196k, you might want to ask $206k.

In addition, avoid listing something using a whole mess of 9’s. “Our home is $299,999.99!.” People see through this and can make you seem gimmicky. This isn’t what people are looking for when making such a large purchase.

2. Engage the Senses

But not TOO much. Make people have that “WOW” feeling the minute they walk in the door.

You don’t need to burn your basil, rain, lavender blend incense. But you do want to make sure there is a light and pleasant smell throughout. People love the smell of a freshly cleaned home. Don’t go crazy with the bleach, but rather use something citrus or pine scented. These aromas are universally appealing, just don’t let them become overpowering.

As far as what people hear, keep music mild and low. Everyone has different taste, and you don’t want to subconsciously make buyers want to leave the room.  Let the light in.

And always…. always, let the light in. Open the curtains, the blinds and turn on a light if you have to. Dark and shadowy places are often ignored.

3. Don’t Get Too Personal

Put away your vacation pictures and clean the paperwork off your desk. People don’t want to feel as if they are “intruding” on your space. Making them feel uncomfortable right from the get go, isn’t the best way to sell. You want to find the balance of making the house feel “homey” without feeling too specific. Think about a catalog shoot when you are staging. You don’t have to go overboard, but include some pieces of interest that aren’t excessively powerful. This will allow people to imagine themselves in the space, so make it warm and inviting.

This will also make the selling process easier for you. Putting your personal effects away will give you a headstart in leaving the place you’ve called home. Being emotionally ready to sell will make the whole process less stressful.

4. Throw a Party

It’s likely that the people coming to your open house have been to a few others just like it. Do something different, and have your open house in the evening or on a Sunday for a BBQ and a football game. This will bring in a whole new crowd and will definitely make your house stand out above the rest. If you show people a good time, they will be able to envision themselves living in the home, and enjoying it just as much as you do.

5. Love at First Sight

People decide if they are going to buy within the first few seconds of seeing your home. It is up to you to make those first few seconds count. Of course, there are always exceptions to this rule, but first impressions go a long way. If your yard is overgrown or messy, people aren’t going to feel a welcoming vibe. Make sure your yard is well groomed and take care of some easy cosmetic fixes. (New house numbers, a mailbox refresh or some paint touch-ups.)

You will also want to give some attention to your entry area and the places people see upon walking in. Add some flowers and make sure the lighting is on point. Don’t leave clutter around as this is often the place where shoes, backpacks and other miscellaneous items pile up.

About We Can Buy Cash

-AA+A The Right Way to Approach FSBOs | JUNE 2017 | BY JARED JAMES

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The vast majority of unrepresented sellers will eventually list with an agent. Whether you are the agent they choose depends on how you present your real estate services.

JUNE 2017 | BY JARED JAMES

Eighty-nine percent of sellers work with a real estate agent to sell their home, according to the National Association of REALTORS®’ 2016 Profile of Home Buyers and Sellers. That should tell you what kind of opportunity there is to convert FSBOs, which made up only 8 percent of total home sales in 2016. The majority of homeowners who try to sell on their own eventually realize they don’t know how to handle a sale by themselves, and they turn to you for help.

But even though the FSBO market is ripe for conversion, real estate professionals struggle to get these potential sellers to work with them. The reason is simple: We’ve been taught to lie to these sellers from the very beginning of the relationship.

When someone is resistant to working with you and you want to change their mind, you first have to figure out what’s driving their resistance and then solve that problem in a practical manner. There’s only one reason sellers would decide to sell on their own rather than work with an agent: money! They need to make a certain amount of profit and don’t want to pay a commission, or something along those lines.Well, the average FSBO property sells for more than 20 percent less than comparable homes that are listed by an agent, according to the NAR report. So going it alone doesn’t actually get FSBOs what they want. But that can’t be your first argument when trying to convert a FSBO; it comes off as combative, and you’ll lose them.

When a FSBO is talking to an agent, they want to know one thing: Do you have a buyer for my property? If you’ve taken any training in our industry, you’ve probably been taught to say yes. But how in the world do you know if you have a buyer for a property before you’ve even started marketing it? FSBOs understand this conundrum you’re in, so if you say yes, they know you’re lying. And you’ve just lost credibility with them before you’ve even gotten started.

Here’s what needs to change going forward.

The next time a FSBO asks if you have a buyer, simply answer: “I might, but I wouldn’t know without seeing your property first. I work with many buyers, and as an expert in this area, I pride myself on knowing the inventory, which includes your property. It turns out I’m going to be in your neighborhood tomorrow. Would you be offended if I stopped by to take a quick look to see if your house meets the needs of any of my current or future buyers?”

Any serious seller is going to let you see the house if it means that you might be able to bring it to the attention of motivated buyers. Once you see the FSBO’s house, it’s important not to sell them on listing with you unless they approach the subject. The point of your walkthrough is not to land a listing; it’s to build rapport and know your inventory. Remember, 89 percent of FSBOs end up using an agent. It’s just a matter of whether it’s going to be you. I can guarantee it won’t be if you lie to them or try to sell them when they aren’t ready to be sold.

After the walkthrough comes the most important question of all. Tell the FSBO that you will mention the house to some of your buyers who may be interested. Then say, “Regardless of whether my buyers are interested, you need to be aware of other listings in your neighborhood that are competing for buyers so you know what you’re up against. As an agent, I typically find out about new listings and other properties before the public does. Would it be OK if, from time to time when a property comes up that I think competes with yours, I contact you and let you know about it so you aren’t caught off guard?” Any serious seller will welcome having access to this kind of free information.

By getting a “yes” to that question, you just got permission to follow up regularly. The next step is to set weekly or biweekly reminders to search for new comps and reach out to the FSBO with market updates. When you call to let them know about new comps, you still should avoid trying to sell them on listing with you. Just educate them and see if they have any questions. By now, they’ll see your expertise and get comfortable enough to choose you once they make the decision to work with an agent.

-AA+A 10 Biggest Threats Facing Real Estate | written by Realtor Magazine

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10 Biggest Threats Facing Real Estate

DAILY REAL ESTATE NEWS | FRIDAY, JUNE 16, 2017

Global uncertainty and political polarization are the top issues facing the housing industry in 2017 and 2018, according to The Counselors of Real Estate’s annual list of the Top 10 Issues Affecting Real Estate. The list was compiled using feedback from 1,100 real estate advisers from around the world who met at a recent CRE conference.

Many of the issues are interconnected and reflect disruption in the economy and multiple real estate sectors, says 2017 CRE Chairman Scott Muldavin. “Despite this unsettling environment, opportunity remains embedded in every issue on the list,” the CRE report notes. Here are the top 10 issues cited in the report.

1. Political polarization and global uncertainty. “Uncertainty about changes to trade, travel, and immigration policy threaten cross-border investing, hospitality properties, retail, and manufacturing supply chains, among other effects,” the report notes. “Rising interest rates and retail inflation will make middle-class homeownership that much more difficult. Longer-term implications could be much more severe, as polarization prevents long-term fixes to issues such as infrastructure, affordable housing, local and state pension liabilities, and education.”

2. The technology boom. An unprecedented wave of commercial real estate technology innovations are expected to change the way real estate is bought, sold, and managed. Investments in commercial real estate tech startups hit $2.7 billion in 2016. About 1,600 of these startups now exist worldwide. Robots, big data, autonomous vehicles, and online retail are also expected to have a major impact.

3. Generational disruption. “Boomers’ and millennials’ divergent views of where they live, work, and play increasingly impact the property markets,” the report notes. “The generations are crossing paths everywhere: in the workplace, in housing, and at the local bar and grill, intersecting and sharing spaces despite their often disparate priorities when it comes to the built environment.”

4. Retail disruption. “The trend toward transforming retail into ‘experiences’ continues to develop and is offsetting shrinkage in the physical bricks-and-mortar consumer-goods platform,” the report says. “‘Experiential’ retail drives customer traffic to a more diverse and highly participatory environment targeted to a variety of age groups and interests. This sector has transitioned into a kind of ‘Omni Channel’—encompassing e-commerce, reduced or repurposed physical elements, and a host of previously unforeseen spaces, both physical and virtual—with a current emphasis evolved from bricks-and-mortar shopping to the timely, efficient transfer of goods from source to inventory to consumer.”

5. Infrastructure investment. The private sector is directing significant funds to infrastructure projects, recognizing the need and long-term rewards of investing in roads, bridges, tunnels, ports, and airports. Investors now oversee $376 billion in U.S. infrastructure dollars. “It is clear that the need for infrastructure investment is critical,” the report says. “The movement of goods, which involves everything from ports to airports to warehouses to roads, highways and railroads, is further straining an aging and highly vulnerable interior framework. Add to this the need for pipelines, electricity transmission, and water distribution, and the immediacy of infrastructure needs becomes even more pronounced.”

6. Housing disparity. “Safe, decent, affordable housing has been shown to have a stabilizing effect on urban economies, crime, and public health,” according to the report. “A current lack of inventory has generated a spike in home prices and, as a result, declining affordability for many home buyers, particularly those in lower-income sectors.  A critical disparity exists between housing needs and housing supply.” The report cites a growing affordability gap and limited availability of housing in locations with significant job growth, such as major cities and coastal regions.

7. Threats to the middle class. In 2007, the average middle-class income was $57,403. Now it hovers below inflation-adjusted levels from nearly two decades ago at $57,909. These income levels have yet to return to their pre-recession highs, and stagnant income growth will continue to press on the middle class.

8. Emerging role of healthcare in real estate. The nation spends more than $3 trillion each year on healthcare costs—about $10,000 per person—which is double the average for developed countries worldwide. “The real estate industry has emerged as a major player to cost-effectively improve people’s health,” the report notes. “Building occupants are increasingly demanding that the space they inhabit be designed, constructed, and operated in ways that advance positive health outcomes.” A growing focus on healthy buildings is emerging, as people spend about 90 percent of their time indoors. Research from the Mayo Clinic shows that healthcare contributes 20 percent to maintaining people’s health, while environmental and behavioral factors account for 40 percent. 

9. Immigration. As the Trump administration seeks to enact more restrictive immigration laws, some housing leaders are growing concerned about labor shortages in homebuilding. Demographers note that immigrant groups are a source of household formation. “New immigrants tend to rent, boosting demand for multifamily housing, especially in gateway cities,” according to the report. “Recent surveys suggest that immigrant populations aspire to own homes and to move relatively freely from cities to suburbs and back in the search for employment. Labor mobility and homeownership rates will be constrained by limiting immigration.”

10. Climate change. The National Oceanic and Atmospheric Administration released a report this year that shows sea level rises are expected to more than double from 2013 forecasts—to between 6.6 and 8.6 feet by 2100. “While a potential rise of sea level may seem far in the future, NOAA also estimates that annual frequencies of disruptive and damaging flooding would increase 25-fold with only a 14-inch increase in local sea level rise,” according to the report. “Major cities such as Miami, New York, New Orleans, Tampa, and Boston are projected to have the most costly problems, with South Florida and most coastal areas all exposed to differing levels of sea rise risk and cost. The implications of potential sea level rise and related flooding on real estate values is positioned to explode due to dramatic increases in the volume and accessibility of information on the consequences of sea rise.”