How to Sell Kelly Plantation Destin FL Home in Cobra Zone - Flood Zone
By Wendy Rulnick, "It's Wendy... It's Sold!"
(Rulnick Realty, Inc.)
I just sold 221 Matties Way, Kelly Plantation in Destin Florida 32541. It presented marketing challenges that many agents and buyers are unfamiliar with. First, Kelly Plantation is located in a COBRA zone. Second, this property was also in an AE flood zone. Let’s review the challenges of selling Kelly Plantation homes with these issues. Some definitions: COBRA Zone: The term “COBRA” stands for CBRA or “Coastal Barrier Resources Act”. COBRA was intended to discourage development on coastal barriers. Coastal barriers are areas that naturally protect inland properties by acting as buffers. These coastal barriers are determined by FEMA and are found on the oceans, Great Lakes and other locations, such as bays. If a property is in a COBRA zone, unless it was built before 1982 and meets ot...
Comments
4