The beauty of Florida still has people moving to the Sunshine State. Operating in the real estate market means you are subject to the ebbs and flows in the market. Business insurance Orlando protects your business, so you can spend more time capitalizing on the upward trend in the real estate market.
The residential real estate market is expected to see a 7.7% increase from 2018 according to Zillow.com. With homes selling in a little over a month on average, the market is booming. The healthy balance of buyers and sellers gives real estate agents a steady amount of work.
Rental properties are also seeing again in rental prices throughout the area. As a real estate agent, you may own some rental properties or be on the lookout for new investment opportunities. Those rentals need insurance to ensure your investment is protected against the elements and other issues.
Developers can take advantage of the market, but they must also keep in mind the environmental concerns of the area. Regardless of the type of building constructed, developers have different insurance needs than homeowners or commercial landowners.
Besides keeping track of real estate market trends, real estate agents need business insurance Orlando to protect their business during growth and lean months. Protecting your business starts with insurance and stays with understanding market trends.