About Spring Hill's Seven Hills

Almost all homeowners in Florida, particularly those that own Real Estate in Hernando and Pasco counties are aware that recently Citizens Insurance has tried to hike the Sinkhole Insurance rates by 447%! Senator Mike Fasano (R-New Port Richey) and groups like FAIR (Florida Association for Insurance Reform) recently led the fight against this Citizens' proposed increase in sinkhole rates. The efforts of the people were heard and the Florida Insurance Commissioner Kevin McCarthy slashed the proposed statewide average 447% increase in Citizens Property Insurance Corp's sinkhole rates to just 32.8%. So this means we are safe for now but what will lawmakers allow next year? With the unpredictability of sinkhole insurance hikes and with property values being compromised by other factors, what positive factors so buyers have to feel confident? Well here's one; if you purchase a repaired sinkhole property with the proper Engineering Report and completion paperwork, there is one less headache to worry about with regard to your investment. You are not required to acquire sinkhole insurance on a recently repaired property, in fact it's probably initially not even an option. Citizens Insurance will only consider re-insuring for sink hole coverage after 3 years and only subject to their review of the Engineering and Completion reports including possibly even inspecting the home. If you happen to have a good warranty from the contractor who performed the repair then you probably are not going to miss that coverage anyway.

With a repaired sink hole property and a good warranty from the contractor many people are deciding to forego the extra sink hole coverage even years later when the property might actually be eligible for that type of coverage again. The fight against Citizens increases is probably only a temporary victory, and you can be sure that they will be coming back for more sometime in the near future. Citizens' position is that they have had about 235 Million dollars in claims against only about 35 million in actual sink hole policy revenues. With that type of imbalance they say that rate increases are much needed and inevitable, although they fail to ever discuss the overall revenue they may take in which by the way far outweighs the amount of claims. Regardless, we can rest assured additional increase attempts are on the horizon. It's become clear that Citizens wants out of the sink hole insurance claim business, although they can arbitrarily cancel all the policies they can make the coverage so unappealing and unaffordable that most people simply elect to go without it.

Since further increase are coming in the foreseeable future, the question comes to mind whether or not homes that have had Repaired Sink Holes with all the proper credentials will become more valuable. In recent months, we have noticed that the stigma attached to repaired Sink Hole homes has steadily lifted and more and more people are being attracted to these types of properties due to not having to worry about carry an added coverage in the home owners insurance policy which will inevitably continue to be on the rise. Consumers should be encouraged to make sure all the proper due diligence is completed on these repaired properties and that the repair comes with a good warranty. Assuming that the due diligence passes, and the warranty is solid however, these homes can be quite a hot commodity in a world of rising insurance costs.

A good Real Estate professional in Hernando County who has experience with these types of properties will be a valuable ally in helping buyers determine what does and does not pass the mustard so to speak. It will be interesting to see what the future holds, but so far judging by recent increased demands for repaired sink hole property in Hernando County it may be a fairly good bet to say these types of properties will continue to be in higher demand as further developments and increase by insurers continue to creep forward on the home owners. As it stands at the moment, these types of properties can still typically be purchased for less than current market value, but as we have already started to see that trend may quickly become a thing of the past.

To See a good example of a Home Priced Under Market Value, with a Repaired Sink Hole and All The Correct Documentation and Warranty Click Here And Check Out 1519 Overland Dr in Spring Hill FL.

For more information about the latest Real Estate Trends in Hernando County or aboutReal Estate in Spring Hill Fl, contact Tina Fingerman with Agent Trust Realty at 727-946-2348.

Spring Hill, Florida - Located in Seven Hills, a great community in Spring Hill, this pretty home has a wonderful pool and covered area. It is a spacious 3 Bedroom Home with 14x28 pool. The great room has a wood-burning fireplace, vaulted ceiling, ceramic tile flooring, sliding glass doors to the pool area. A separate, formal dining room with bay window make for great family dining. The kitchen is open to the great room, and has a separate breakfast room with a view of the pool. The Master Suite is spacious and has a whirlpool tub, separate shower, and huge walk-in closet. The perfect home for entertaining. To see more about this home go to www.toniweidman.com or click here Currently listed at $110,000. A Third Party will determine the actual sales price.

To search for homes in this area; click here

Spring Hill- This pool home at 1315 Overland Dr in Seven Hills has been reduced to $110,000 from $125,000. This is a great family home - 3 Bedroom/2 Bath home with a 14x28 screen-enclosed pool. The Great room has a wood-burning fireplace, cathedral ceilings, ceramic tile floor, and sliders to the pool area. The kitchen is open to the great room, has a separate breakfast room, and a glass-top stove. There's also a formal dining room, large master suite with a whirlpool tub, separate shower, ceramic tile floors, huge walk-in closet. But you have to see the pool area. A large covered area for the sun-shy, and a refreshing pool. Listed at $125,000. Over 1800 sq.ft. For more info click on http://overland.tonifl.com

This home is a short-sale. Being sold "as is"

Spring Hill Florida Golf Course Homes for Sale - Country Club Living in the Seven Hills Golfers Club Community

Spring Hill Florida Golf Course Homes for Sale are available in several Seven Hills neighborhoods that include The Reserve, The Links, The Greens, The Gardens, and The Estates.

If you are looking for a home with golf course amenities right in your backyard and Florida country club living without the expense, consider a home in the Seven Hills Golfers Club Community.

The Seven Hills community was conceived in the mid 1980s as a community that combines quality Florida homes with a recreational lifestyle. Construction continued until just recently and today, the Seven Hills neighborhoods combined contain approximately 2600 homes with a few vacant lots remaining.

Many homes for sale in the Seven Hills neighborhoods are located adjacent to the golf course with beautiful views of long fairways and rolling terrain. The community is a deed restricted but non-gated area with nominal homeowner's association fees. It features underground utilities and well maintained entrance areas.

Homes for sale in the Seven Hills community vary in age, size, features, and locations. Accordingly, list prices range from the low $100's to the high $300s but average and median prices are remaining well below the $200,000 range.

The 18-hole 72 par golf course at Seven Hills Golfers Club is a public course with affordable pricing. Driving range and putting green as well as a Pro Shop are also available. Recently reopened under new management, the golf course meanders between private residences situated along the fairways.

Centrally located in the heart of Spring Hill, Florida, residents of the Seven Hills community are close to shopping, medical facilities, restaurants, parks, and the well equipped YMCA with it's olympic size swimming pool and fitness facilities.

If you are interested in homes for sale in Seven Hills Community in Spring Hill, are looking for a Realtor who knows the Seven Hills community, or to learn more about the community, please contact me.