This is a great time to buy in the shore area-there are many deals to be had-many homes damaged by the storm will be sold as is- for the value of the land alone. Feel free to contact me
at 908-910-0232 to explore the options available.
It is difficult to find an insurance company who will cover homes in the Lavalette area at this point in time. I do have a few reps who will insure, depending on the specific location of the home. Prices are predicted to go higher for insurance in these area, too.
Depending on what your specific needs/expectations are, it can be a very good time to buy. If you are looking for a home that sustained significant damage, there are a lot of questions that need to be answered and most in the community are learning along the way--including Realtors, Attorneys, Builders, etc.
Without knowing what your specific circumstances are, it's hard to answer this question. But, I can tell you that homes that were worth $1MM or more are not going to be sold for $100K or so. Land values are still high as we muddle through the rebuilding process. Feel free to reach out to me via Trulia or my website below for answers to your specific buying questions.