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      About Michael

      Executive Vice President of Gibson Sotheby's International Realty, Michael Carucci has been one of the most trusted names in the Boston real estate market for more than 30 years.

      Michael is one of Boston's highest producing agents and is consistently ranked in the top 1% in sales volume for the Greater Boston area. He is a recognized expert in the residential and commercial Boston real estate market and is regularly quoted in articles, appearing in the Boston Globe, Boston Herald, Boston Business Journal, and Banker & Tradesman. He is also a contributing editor for Boston Common Magazine...

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      Michael's Testimonials

      Michael did a great job closing the deal for us per my specific requests. He is very responsive - he always picks up the phone when I call him. I highly recommend him.

      "What sets Michael apart from other brokers is his attitude that the job doesn't stop when the ink dries on the closing papers. He was a tremendous help when my family and [...]

      Working with Michael is always a pleasure. Whether on a residential sale or purchase, or a larger multi-family or retail transaction, you know that your interests are being looked after by one of [...]

      Michael is knowledgable, patient, and professional. If you’re considering a sale or purchase, I recommend Michael Carucci.

      "Michael is a star broker. By that, I mean he brings buyers and sellers together and makes deals happen. Both parties leave the closing table happy. He knows everybody and everybody knows him. [...]

      Michael Carucci's knowledge, advice, and guidance of the property market is extraordinary. Coupled with Michael's genuine concern for the welfare of the family in a stressful [...]

      Michael has an exceptional ability to uncover opportunities in an otherwise very competitive market. His follow through and execution make all the difference.

      Michael represented me on both the sale of my home and the purchase of a new one that better suited my family. Michael’s execution was flawless and I would highly recommend him for any of [...]

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      Hub FEMA Maps May Unleash Flood of Anger

      Property owners in Suffolk County, including Boston’s booming Seaport District, are bracing for the release of FEMA’s new flood zone maps, which could force hundreds of owners to get costly insurance for the first time and jack up rates for those who already have it.

      Next month, the federal agency is expected to begin reviewing and approving Suffolk County’s maps, which include Boston, Revere, Chelsea and Winthrop. Suffolk is the last of the Bay State’s coastal counties not remapped.

      In Boston, which boasts more than $460 billion in waterfront real estate assets, officials are girding for the impact of the new flood zones on property owners. Mayor Thomas M. Menino’s office has enlisted an independent consultant to review the Federal Emergency Management Agency’s preliminary maps, which could be released as soon as Nov. 15.

      “Our primary concerns are ensuring that the maps are accurate and that people are aware of the financial impact,” said Brian Swett, Menino’s Chief of Environment and Energy.

      Under legislation Congress passed last year, FEMA is required to remap flood-zone boundaries and phase out decades-old flood insurance subsidies for owners of homes in high-risk areas. The move is aimed at shoring up the National Flood Insurance Program, which is more than $24 billion in debt.

      Statewide, thousands of property owners could be affected, including many in areas not previously considered at risk for floods.

      Vivien Li, president of the Boston Harbor Association, an environmental advocacy group, caught a glimpse of FEMA’s preliminary flood maps a few months ago and said there will likely be a backlash from property owners when the new zones are made public.

      “When the maps come out, you’re going to have a lot of angry people,” she said.

      FEMA officials plan to hold community meetings to discuss the maps with property owners, who will have 90 days to appeal their inclusion in flood zones.

      “It’s going to be a long process,” FEMA spokesman Dennis Pinkham said.

      Municipal officials, real estate brokers, lenders, and several Bay State congressmen want FEMA to postpone approval of the maps and rate increases until a long-awaited study on the financial impact of the new law is conducted.

      Winthrop Town Manager James McKenna estimates 500 homes will be moved into high-hazard flood zones, many of them in neighborhoods with working-class families and seniors living on fixed incomes. Federal flood insurance can cost $400 a year to more than $8,000 in high-risk zones, FEMA said.

      “This is going to hurt a lot of people,” McKenna said. “They need to take a serious look at what this will to do to families.”

      Courtesy of the Boston Herald

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