We're all out there trying to make lemonade out of lemons and that may mean taking on foreclosures or other types of distressed properties to Stage. If anything, these properties and their owners need our help even more. However, if you are presented with this:
please read a recent article from the Sun-Sentinel. In it they reported that there are 250,000 Florida homes in some stage of foreclosure and that most insurers don't cover vacant properties. Added to that is the issue of ownership and, as we know all too well here in Florida, if you can find someone to cover you, how much will it cost?
Vacant homes also stick out like a sore thumb for vandals and other unwelcomed guests.
and, you guessed it, we're at the beginning of hurricane season.
Every situation is different , so if you have your inventory in a vacant home, or any, for that matter, please check with your insurer to see what coverage you have. I know some have a clause in their contracts requiring the Seller to show proof of Content Insurance. Some I've spoken with take their chances and assume they'll just write off any damage/theft as a loss. What are you doing??
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Great information to share here Kathy. I have also heard of banks suddenly and without warning changing the locks in foreclosed houses, leaving the stager unable to get back their inventory. Scary in many ways!