Jacksonville Real Estate and Community News

Nov. 12, 2017

Coastal Cove - Neighborhood Spotlight

Coastal Cove is a fabulous D.R. Horton neighborhood, in lovely Jacksonville, Florida. The community has a beach vibe going on and no wonder, it's only about 5 miles from the ocean. The "coastal themed" designs are a nice break from the normal cookie cutter subdivisions. The refreshing pastel colored homes reminded me of Boca Raton. Well, maybe just a little bit, but I'm glad to see builders trying something different. When it's completed, Coastal Cove will have 81 homes. There's no CDD Fee which is great for the pocket book. Some of the floor plans offered are the Jasmine, Mangrove, Hibiscus and Palmetto. For buyers that can't wait to build, D.R.Horton has move in ready homes available. The homes feature the latest energy saving features and home warranty.

Coastal Cove DR Horton House photoCoastal Cove sign picture

The neighborhood of Coastal Cove is located off of Kernan Blvd, in the Southside region of Jacksonville. Not only is the neighborhood convenient to the beach, but it offers easy access to I-295. This location is close to shopping and  restaurants. 

D.R. Horton is offering their "Season of Savings" promotion. Quick move in homes receive $10,000 in holiday savings or VA $1 move-ins. Restrictions apply, but it's a sale worth checking out. For families looking for a neighborhood feel, instead of a sprawling master planned neighborhood, this is a good option to consider. There's still time to be in your new home before the end of the year!

By  Dawn Fossa

 

Coldwell Banker Vanguard Realty

Posted in Community News
Sept. 6, 2017

Hurricanes and FL Real Estate

I am often asked "How do hurricanes affect buying or selling real estate in Jacksonville?". There are several ways in which a sale or purchase can be impacted, and unfortunately, none of them are in a positive way! I'll start with the most severe thing that can occur, the inability to bind insurance coverage. Many companies simply won't issue new policies when there is a named storm in the quadrant, or immediate area of the property. Their reasoning is simple- why issue a policy if there is a strong probability that you may be paying a claim within days or even hours of the policy being issued. They would rather wait and see if the property survives the storm intact. Sometimes, if you bind the coverage prior to the storm, you can proceed to closing, but often, that is not an option.

Another way hurricanes can impact a closing is through shutdowns of government services and other services. Nobody wants to put their employees at risk due to not allowing them to evacuate, and the government is of the same opinion. Often, government recording offices will be closed, as well as lenders, inspectors, repair people, appraisers, surveyors, and title companies. If the lender and/or title company are physically closed, you won't be closing!

And lastly, the players necessary to perform the closing may not be physically there to attend to their duties. Many folks, having seen firsthand the devastation that can occur, choose to evacuate until they feel that it is safe for their families. If the closing agent is in Atlanta due to an evacuation, you probably won't be closing on your property in Jacksonville. Simple logistics!

In short, real estate closings can be adversely affected in many ways due to hurricanes and tropical storms. Any one event or a combination of events can postpone a closing at any time throughout a storms duration. Our contracts even have provisions written into them to automatically extend important dates out through the duration of a storm. The best advice is to relax- you'll get into your new home soon enough!

Posted in Real Estate News