**Greetings from Branon A. Edwards and Jelena Panfilova
from Coldwell Banker in sunny South Florida!

We hope you're enjoying your summer! June was a fantastic month for
us, and July is already off to a great start. With Florida's hurricane
season already underway, we thought we would talk about these summer
storms and how they can actually affect your ability to buy or sell
real estate.

Next time, we'll tell you about general market conditions in Florida.

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WE ARE CURRENTLY ACCEPTING NEW PROPERTY LISTINGS!
Thinking about selling your property? Now is a great time to get top
dollar!

Check out our Written Seller's Guarantee:
http://www.scubahh.com/guarantee.htm
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** CONGRATULATIONS **

We would like to send our sincere gratitude and congratulations to the
following customers:

- Sandi from Punta Gorda for purchasing a bayview 1-bedroom
preconstruction condominium in Blue Condos on the Bay.

- Josephine and Vito from New York for purchasing a 1-bedroom
convertible condominium in Olympus Condominium in Hallandale Beach.

- Richard and Johanes from Sunny Isles Beach for purchasing a city
view 1-bedroom preconstruction condominium in Everglades on the Bay.

- Susan and Gabriela from New Jersey for purchasing a city view
1-bedroom preconstruction condominium in Everglades on the Bay.

- Ann and Arthur from Pennsylvania for purchasing an intracoastal view
2-bedroom preconstruction condominium in Ocean IV.

- Bernadette and David from Illinois for purchasing a bayview
2-bedroom preconstruction condominium in Everglades on the Bay.

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HOW SUMMER STORMS CAN DO MORE THAN RAIN ON YOUR PARADE

While in California on business some months back, the fact that I live
in Florida came up in conversation. This Californian was shocked that
I would want to live in `the hurricane state'. I quickly reminded him
that with hurricanes, we often have weeks of advance notice and
California has wildfires, mudslides, and earthquakes – none of which
provide any advanced warning. I also explained that I have lived
through over half a dozen hurricanes – most of which while living in
North Carolina.

Ok, so we know that living in a temperate zone has certain caveats,
hurricanes being one of them. But how can a hurricane possibly affect
your ability to buy or sell real estate?

I know what you're thinking… if a hurricane blows the house away, then
I won't be able to buy it, right? Well, that's a bit extreme. Even
if a hurricane never gets within 100 miles of Florida, it can still
affect your ability to buy a property. Sound surprising? Let me explain.

When tracking storms, weather watchers have created an invisible grid
that covers the Caribbean region from about the middle of the Atlantic
all the way to Mexico. Folks at the Weather Channel start getting
excited anytime a storm makes its way into this grid. But they're not
the only ones. Insurance companies also watch the grid, and that's
where the issues start.

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FEATURED UPCOMING PRECONSTRUCTION OPPORTUNITIES

Ocean V – Sunny Isles Beach
(Announcements coming this month)
http://www.scubahh.com/preconstruction/ocean5.htm

Beach Club III – Hallandale Beach
(Announcements coming in August)
http://www.scubahh.com/preconstruction/beachclub3.htm

Trilogy at Aventura – Aventura near Williams Island
(Now accepting reservations!)
http://www.scubahh.com/preconstruction/trilogy-at-aventura.htm
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Once a storm reaches a certain strength, the National Weather Service
actually names the storm. This naming process starts with the letter
A – so the first storm of the season will have a name that begins with
A – like Andrew that hit Homestead in 1992 – the second storm's name
starts with B – like Bertha that hit the Carolina Coast in 1996, and
so on.

Anytime a named storm enters the grid; insurance companies immediately
freeze the issuance of all new policies in areas that have any risk of
being affected, even if those risks are minimal. In other words, even
if the weakest storm possible is just in the far Southeast corner of
the grid and even if it looks like it will turn toward South America,
insurance companies will immediately stop issuing policies in Florida,
Georgia, Louisiana, Texas, South Carolina, North Carolina, etc.

Furthermore, the insurance companies won't begin to issue policies
again until EVERY named storm has exited the grid. If you have ever
watched the weather systems in the summer time, you know that often
one storm will immediately be followed by another, and another, and
another. There are often weeks at a time when there are storms in the
grid. And even though those storms may never get anywhere near the
USA, insurance companies will not issue a single policy until every
single one of them has left the grid.

Now this doesn't sound like a big deal at first, until you realize
that if you are trying to buy a house during hurricane season and it
so happens that on the very day of your closing a named storm waltzes
into the grid, your closing may be postponed. Things get more
complicated if you've already moved out of your previous house, and
the Seller has also already found a new place to live. Suddenly those
other closings can be affected as well.

Why?

Whenever you get a mortgage on a property, the mortgage company will
require that you properly insure the property to protect their
interests. The mortgage company wants to make sure that even if the
property burns down tomorrow, they're going to be repaid. If there is
no insurance in place, they won't issue the loan. If they won't issue
the loan, then you can't close. And if you can't close, you can't
move in.

It's amazing how many real estate agents don't bother to share this
little tip with their customers. I've spoken to closing agents who
have told incredible horror stories of having a buyer and seller
completely ready to go and literally hours before the closing, a named
storm entered the grid and shut down the insurance companies. They
then had to wait days, sometimes weeks before all of the storms had
exited the grid and the insurance companies started issuing policies
again.

Imagine having a truckload of your furniture on its way to your new
home only to find out that you cannot move in for weeks because of a
few storms! Imagine the extra expense of staying in a hotel, of
storing your belongings, of having to compensate the seller for lost
time, etc. Needless to say, this is not a pretty picture.

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EVERGLADES ON THE BAY – Preconstruction for immediate sale

Everglades on the Bay - Downtown Miami - Biscayne Bay views:
http://www.scubahh.com/preconstruction/everglades.htm

PENTHOUSES - just released!

PH1 - 2 levels, 48th & 49th floors
3-bedroom/3.5-bath
Level 1 - 1970 sq ft + 242 sq ft terrace
(family room, kitchen, breakfast room, great room, dining room)
Level 2 - 825 sq ft
(Master bedroom, spa)
Total Square Feet = 2795 + 1458 sq ft terraces
Northeast PH - $1.85 Million
Southeast PH - $2.2 Million

PH2 - 3 levels, 48th, 49th & 50th floors
3-bedroom/4.5-bath
Level 1 - 1386 sq ft + 208 sq ft terrace
(family room, kitchen, great room, dining room)
Level 2 - 1408 sq ft +208 sq ft terrace
(master bedroom, guest rooms, study)
Level 3 - 3287 sq ft + 986 sq ft terrace
(rooftop solarium, terrace, spa, family room)
Total Square Feet = 2795 + 1700 sq ft terraces
West PH - $1.75 Million
East PH - $2.2 Million
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1-bedroom/1-bath - LINE 7
Direct East View of Biscayne Bay!
881 sq ft + 104 sq ft terrace
21st Floor @ $435,000

2-bedroom/2-bath - LINE 3
Northeast Corner with direct East and direct North views
Both bedrooms and living room will have East view of Biscayne Bay
Master bedroom will also have North view
1195 sq ft + 63 sq ft terrace
12th Floor @ $470,000
27th Floor @ $550,000
38th Floor @ $700,000

1-bedroom/2-bath - LINE 8
Southwest Corner with City views
1181 sq ft
15th floor - $368,000

2-bedroom/2-bath - LINE 8 mid
Southwest Corner with City views
1357 sq ft + terrace
30th floor - $481,000
33rd floor - $490,000

2-bedroom/2-bath - LINE 2 mid
Northwest Corner with City views
1357 sq ft + terrace
31st floor - $465,000
33rd floor - $475,000
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The solution to hurricane insurance woes?

It's simple, really. If you're planning to buy a property in Florida
(or any coastal state on the Atlantic or Gulf of Mexico) and your
closing is going to be during hurricane season (June through
November), take the time to buy your homeowner's insurance policy the
moment the ink is dry on the purchase contract.

By buying your policy in advance, the insurance company issues a
binder. Once the binder is issued, the insurance company cannot
refuse to issue the policy, even if there are a dozen Category 5
hurricanes in the grid. Simple, right?

Simply contact your insurance company; tell them that you'd like to
purchase and prepay for your policy, but want it to be effective as of
the closing date. This way, you're not paying for policy days when
the house doesn't yet belong to you. Your insurance company will
usually allow you to prepay for 6 months or 12 months of the policy.
Just make certain you're covered through the end of hurricane season.

Of course, you'll need to let your closing agent know that you have
prepaid for your insurance policy so that they don't escrow additional
funds to cover the first term of the policy. They'll also need proof
of that the policy has been issued and prepaid. Some lenders may ask
you to escrow a year's worth of insurance premiums, by the way, so
your mortgage payments may still include a portion for insurance.

It's amazing that this one simple step can save your closing, isn't
it? If you've purchased a property in the Southeastern United States
between June and November, did your real estate agent give you this
insight?

If we were your Realtors, then the answer is definitely, "Yes!"

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Beach Club I and II – Hallandale Beach Preconstruction
http://www.scubahh.com/preconstruction/beachclub2.htm

The Beach Club I - Resales

A MODEL - Direct Ocean View
2-bedroom/3-bath + Den
1841 sq ft
9th floor - $695,000
39th floor - $706,900 (original developer price!)

B MODEL - Direct Ocean View
2-bedroom/3.5-bath + Den
2078 sq ft
North - 18th floor - $780,000
North - 38th floor - $885,000
South - 21st floor - $945,000

C MODEL - Intracoastal and Ocean View
2-bedroom/2-bath
1782 sq ft
North - 17th floor - $645,000
North - 38th floor - $895,000
South - 11th floor - $665,000
South - 18th floor - $675,000

D MODEL - Intracoastal View only
1-bedroom/1-bath + Den
1086 sq ft
11th floor - $369,000
20th floor - $378,000
38th floor - $450,000

E MODEL - Intracoastal View only
2-bedroom/3-bath + Den
1571 sq ft
9th floor - $489,000
32nd floor - $550,000
Penthouse - $675,000
___________________________________

The Beach Club II - Resales
All units (except F model) will have ocean views. B Models will have
Direct East Ocean Views and F Models will have Direct West
Intracoastal views.

B MODEL - DIRECT EAST OCEAN VIEW
2065 sq ft
2-bedroom/3-bath + Den
25th Floor North - $850,000

C MODEL
1675 sq ft
2-bedroom/3-bath + Den
22nd floor - $649,000
38th floor - $668,000

D MODEL
1733 sq ft
2-bedroom/3-bath + Den
34th Floor - $692,000

E MODEL
2-bedroom/2-bath
1458 sq ft
10th floor - $555,000
32nd floor - $585,000

F MODEL - Direct West Intracoastal View
871 sq ft
1-bedroom/1-bath
22nd floor - $360,000
37th floor - $350,000 (underpriced)

G MODEL
844 sq ft
Studio with Den
South - 16th Floor - $350,000
South - 45th floor - $375,000
North - 17th floor - $345,000
North - 33rd floor - $380,000
NorthEast - 21st floor - $379,000 (closer to ocean)
NorthEast - 24th floor - $400,000 (closer to ocean)
NorthEast - 41st floor - $450,000 (closer to ocean)
NorthEast - 44th floor - $455,000 (closer to ocean)

H MODEL
1-bedroom/2-bath + Den
1294sq ft
25th floor - $520,000
42nd floor - $585,000

J MODEL
2-bedroom/2-bath + Den
1584 sq ft
21st floor - $665,000

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Ok, now you know how to keep a hurricane (or any named storm) from
raining on your parade. How about some hurricane survival tips and
general information?

General Information About Hurricanes:
http://hurricanes.noaa.gov/prepare/title_basics.htm

Red Cross Hurricane Preparedness Information:
http://www.redcross.org/general/0,1082,0_587_,00.html

Know anyone who is thinking about buying or selling real estate in
Florida? Even if they're not in Miami-Dade or Broward Counties, let
us know. We'll be happy to refer them to a competent real estate
professional in their target area.

As always, thank you for the opportunity to earn your business. We
look forward to helping you sell your current property or to find your
next home.

All the best,

--Branon A. Edwards, Licensed Florida Realtor®
--Jelena Panfilova, Licensed Florida Real Estate Agent

Branon Direct: 786-417-4910
mailto:Branon@...?subject=NEWSLETTER-CONTACT

Jelena Direct: 786-417-4911
mailto:Jelena@...?subject=NEWSLETTER-CONTACT

Our Private Fax: 786-524-5747

VISIT OUR WEBSITE:
http://www.ScubAHH.com

---- Office Information ----

Coldwell Banker® Residential Real Estate, Inc.
328 Crandon Blvd, Suite 127
Key Biscayne, FL 33149 USA