Steve Sokol, Inc.

02/13/2025

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01/13/2025

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02/21/2024

Good stuff.....

Maine is known as Vacationland for good reason. Between its beaches, scenic coastline, idyllic lakes, and expansive forests, there’s no shortage of outdoor activities in Maine. Plus, there are a wealth of charming New England towns to explore, as well as cultural activities.

07/16/2022

This is a question from Michelle C. “Hi there. I have a quick appraisal question: What percentage would you discount a home that’s in a flood zone A compared to a comp that’s in a flood zone B?

This is how it is supposed to work.... Take several sales in each flood zone and extract that adjustment. There is no set adjustment because all/most areas are different. It's like a home with a newer roof vs. a home with an old roof. The same methodology must be utilized. I have always taken the time to do these extractions and sometimes it is a significant amount and sometimes it is not. I hope this helps. If you are buying, take the cost of the flood insurance and make it part of your offer. Thank you for the question. Steve