Hurricane: Pain or Gain?

[Mark Manship]

Well, it looks like Florida won't get off that easy as we reach the last few months of hurricane season. With that being said, I'm wondering if anyone has had any experience closing deals (either selling or buying) during a potential strike - more specifically, has it resulted in any changes to your pricing, inspection periods, or contingencies? I understand there are typically clauses providing coverage to buyers during catastrophic events (forces of nature), but was interested in hearing how it has or would play out. We're currently set to close on a sale on September 19th in Niceville and pick up another property on the 11th of October in Pensacola; with Irma and José on their way, we're anxious about how it will impact the deals (either positively or negatively).

[Nina Ibrahimbegovic]

Your insurance agent probably won't bind the policy , so closing might be delayed.