London Foster Realty at Dadeland
Liz Kenneally | Realtor

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In a recent article on, Why You Need Flood Insurance Even If You’re Not In A Flood Zone, we discussed the importance of understanding flood risks and the need for flood insurance regardless of your property’s location.

New Florida Law for Greater Transparency

Now, a new Florida law coming into effect on October 1, 2024, is set to further empower homebuyers by requiring greater transparency in real estate transactions. This law, known as House Bill 1049 (HB 1049), requires sellers to provide detailed information about a property's flood history and risks, offering greater transparency and helping homebuyers make informed decisions.

Under HB 1049, sellers of residential properties in Florida must disclose critical information about flood risks before signing a sales contract. This includes:

1. Past Flood Insurance Claims: Sellers must provide details of any flood insurance claims previously made on the property.

2. Federal Assistance Due to Flooding: Any federal aid the property received due to flood damage must be disclosed.

3. Flood Zone Status and Insurance Coverage: The property's current flood zone classification and whether it is covered by flood insurance need to be clearly stated.

These requirements are designed to prevent surprises for buyers after they purchase a property, ensuring they are fully aware of any flood-related risks and potential costs.

Why Is This Important for Kendall and Nearby Areas?

Kendall and nearby neighborhoods in Miami, like many other areas across Florida, have recently faced unexpected flooding events that highlight the importance of these new disclosure rules. 

In March 2024, a massive water main break in Kendall caused significant flooding, affecting homes and closing roads. Then, in June 2024, heavy rainfall led to widespread flooding across Miami-Dade County, including Kendall. This prompted a local state of emergency, with roads covered in water and properties damaged.

These incidents highlight the fact that flooding can occur even in areas that are not typically considered flood-prone. For homebuyers, this means understanding that flood risk isn't limited to coastal or low-lying areas—properties in any part of Kendall could potentially be at risk, especially with unpredictable weather patterns.

The new disclosure law aims to protect homebuyers by giving them access to all the necessary information about a property's flood history. It also holds sellers accountable, ensuring transparency and honesty during real estate transactions.

What This Means for Buyers and Sellers

For homebuyers, the new law gives you the right to know all about a property's flood history and any risks before you buy. This transparency helps you avoid unexpected costs for flood insurance or repairs after you move in.

Be sure to ask your real estate agent to verify the flood details provided and get more information if necessary. This can help you make a well-informed decision, especially in areas like Kendall, where flooding can happen even if you're not near the coast.

For home sellers, the new rules mean you need to be upfront about any flooding history or flood insurance claims related to your property. Being honest about this can prevent delays in selling and protect you from potential legal issues. Working with a local real estate agent who understands these rules can make the process smoother and ensure you comply with the law.

These new flood disclosure rules will likely impact the real estate market. Buyers may start to favor homes that are less prone to flooding or have good flood prevention measures. As a result, properties in safer, lower-risk areas might see increased demand, while those in higher-risk areas could become less popular.

With these changes, properties in flood-prone zones may see price adjustments.

Homes in these areas might sell for lower prices or take longer to find a buyer, as people weigh the extra costs and risks of flooding, such as higher insurance premiums and potential damage. Because of this, flood insurance is expected to become even more important in the real estate process.

Real estate agents in Kendall and Miami will likely emphasize the need for flood insurance, regardless of a property's official flood zone status, prompting more buyers to get it as a precaution, even if it isn’t required by their mortgage lender. 

The new flood disclosure law is an essential step for all of Florida real estate transactions ensuring both buyers and sellers are well-informed and protected. With these changes, it’s crucial to stay updated and work with local experts who understand the specific needs and risks of these areas.

 If you’re buying or selling in Kendall or surrounding neighborhoods, reach for professional guidance to navigate these new regulations effectively. We’re here to help you make confident and informed real estate decisions.

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What my clients are saying  

Efficient, Effective, and Ethical! Working with Liz Kenneally was an absolute pleasure. Her efficient and effective approach to real estate made the entire process seamless and stress-free. From the moment we met Liz, we knew we were in good hands. She took the time to listen to our needs and preferences, ensuring that we found the perfect home in South Miami. Liz's commitment to ethical practices and transparency gave us peace of mind throughout the transaction. We highly recommend Liz to anyone looking for a trustworthy and reliable realtor in Miami.

 

~ Michael and Jennifer D.

I hired Liz Kenneally to lease out my apartment, and within just 1-2 weeks, she secured long-term tenants who have been a great to work with for the past three years. Her efficiency, professionalism, and warm demeanor made the entire process seamless. Liz understood my needs and executed flawlessly. I couldn't be happier with the outcome. I wholeheartedly recommend Liz!

 

~ Sofia I.

Finding office space for my company was made effortless thanks to Liz Kenneally's exceptional service. Referred to her by a trusted source, I quickly understood why she comes highly recommended. Liz guided us through every step with professionalism and expertise, ensuring we secured the perfect space to meet our needs. The office space exceeded my expectations, boasting a prime location, generous square footage, and excellent amenities. Liz's attention to detail facilitated a seamless transition into our new workspace. Her responsiveness and proactive communication made the leasing process a breeze. Working with Liz Kenneally was a pleasure, and I wholeheartedly recommend her to anyone in search of commercial real estate. Five stars all around!

 

~ Paul M.

Professionalism Personified! Liz Kenneally is the epitome of professionalism. Her attention to detail, proactive communication, and tireless work ethic set her apart from other realtors. Liz guided us through the process of buying our dream home in Coral Gables with ease and confidence. She was always one step ahead, anticipating our needs and addressing any issues promptly. Liz's commitment to excellence and integrity made us feel confident and reassured throughout the entire transaction. We cannot recommend Liz highly enough!

 

~ James and Amanda R.

Liz Kenneally proved to be an exceptional real estate agent. Her expertise in Dadeland area homes, our preferred locale, was truly impressive. Liz's dedication to understanding our needs, preferences, and budget constraints was evident throughout our interactions. She tirelessly worked to find us the perfect home, keeping us updated and promptly addressing all our questions. Liz made the entire process enjoyable, turning house hunting into an adventure. I enthusiastically endorse her to anyone in the market to buy or sell. Thank you, Liz, for your outstanding service!

 

~ Camila I.

5 Stars for Responsiveness, Negotiation skills, Professionalism and communication, Market expertise, Was on point at every turn, from offer to closing.

 

~ Jordi B

Liz went above and beyond to market our property effectively, attracting a flood of interested buyers. Her attention to detail and commitment to showcasing our home in the best possible light truly paid off. We couldn't believe it when offers started pouring in, and even more so when the final sale price exceeded our initial expectations! It was the highest sold price in the community! Liz was responsive, proactive, and always had our best interests at heart. Her negotiation skills were impeccable, ensuring that we got the best possible deal for our property.

 

~ Willy and Gloria P.

Liz was the listing agent for a Miami property I called on and made an appointment to see . That's how it all started.I wasn't working with any agent and I told Liz I didn't want to commit to anyone. She stated she understood, nevertheless, she was relentless in keeping in touch with me. Finally, in one of her phone calls, Liz asked me if she was working hard to get my business ? I said yes, of course. Then she stated, "Imagine, what I am capable of doing in finding and negotiating for you in a tough and competitive Miami market?". That clinched it !

 

~ Arile R.

I want to thank this wonderful Lady that stuck with me until I found just the right place. I am very satisfied and you will always have a friend here. Thank you for everything Liz, you're the best.

 

~ Manny

We trusted her strategy and ended up buying the property that we were initially turned down on. You can say Liz turned that No into a Yes for less money! She is relentless. Thank you, Liz, you are a hard worker, trustworthy, on top of your game and simply a pleasure to team up with you

 

~ Alex Y.

As a business man, one of the things that impressed me about Liz is is her negotiation skills, patience and cool under pressure. She looks for a win-win even though at times we were just being one sided. Liz reminded us it's a sellers' market with properties selling quickly at or little above asking price in the area we wanted to buy.Whatever we weren't familiar with, Liz simplified it so we felt comfortable and understood the transaction.

 

~ Vincent S.

"...One of her best qualities is her ability to stand back, listen to your needs, present you all the alternatives and let you make the original decisions. She is not assertive with her opinion but when she says you better listen because it will be in your own best interest..."

 

~ Ioannis L.

I had a great experience with Liz in the sale and purchase of my new home. She was always available to answer questions with great confidence and knowledge. I consider her a personal friend since we met, through the process of buying this home. Highly recommend her to anyone looking to sell or buy.

 

~ Maria D

Ms Liz Keneally was a angel sent. I was going through personal hardship. And having a hard time not only selling The property but with the result of impending foreclosure. Which at the time was a very difficult time in my life. And she came along. And got a contract within a week. And I have nothing but gratitude towards her and her team. That treated me and my children like family.

 

~ Xenia L.

Liz has been a wonderful real estate agent for us. She is an excellent communicator, and communicates in a very timely manner. Liz provided easy to understand comparisons when we had multiple offers for the property that we were selling. Liz makes sure that all the details are taken care of, and most importantly perseveres in resolving the many issues that arise in a real estate transaction. We have been extremely happy with the work that Liz has done for us. We would highly recommend her for anyone who is seeking to sell or buy property.

 

~ Gary N

As a first time home buyer, I was nervous and worried about being taken advantage of. Liz calmed my nerves and guided me through the process. She was easy to communicate with and took the time to educate me.There were times, we had to negotiate and Liz always made sure to keep the deal alive, while protecting my interests. I have only wonderful things to say about her and would work with her again.

 

~ Sarah S.

Liz was professional from the exploratory stages of home buying to its completion. As a first-time buyer, I was looking into foreclosures. I did not expect the unexpected to say the least. From negotiations to paperwork, I am truly grateful for Liz's knowledge and skills. She guided me through the process and stood by my side when delays arose and frustrations even larger. Her calmness and verbal prowess ultimately helped me secure my very first home! Thank you, Liz!

 

~ Hennifer M

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