After the record breaking floods in the Atlanta area over the past few weeks, we are still discovering some unpleasant after-effects of the disaster.
We are having some closings delays as appraisers for some lenders are being asked tp re-evaluate potential damage from floods and excessive rain and also are analyzing the potential risk for future flooding.
And as you can imagine, the appraisers are already burdened with all of the activity already in progress due to the expiration of the $8000 first time homeowner's tax credit. This new issue of re-inspection could add delays across the board.
It's just another chapter in the continuing saga of Coweta County real estate!
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Richard, how frustrating that must be. I can imagine the havoc this is causing, the backlash is huge! Hang in there, and I hope your clients have the stomach for this next phase of the delay.
Andrea...
I have one that MUST move this weekend. It's going to be close. Thanks for the comment!
Hi Richard, we were just commenting on Russel Ray's post about the power of Mother Nature and here clear across the Country she strikes again. Hope the flood waters decline for your residents before further damage is done.
Hey
Richrard...YOu may need to lend them a room and a bed. Been there and done that. NO fun at all. The weather is making many areas even in my state re-look at the potential of weather damage!
Stay the course. These are trying times, but the strong will be there to help their customers.
Mother Nature can certainly mess things up! We have several major flood zones in our market! ... This is serious!
I remember the talk about the losses in New Orleans after the hurricane. I just never thought about the effect of the historic flood. I hope it drys out soon.
Richard: You amaze me. You can take a picture of a disaster and make it look beautiful, what kind of camera do you use?
Richard, after Fran's devastation here in Raleigh many years back we understand. Keep up posted...
I'm sure that the flooding will have a profound affect on those homes that were for sale or had pending contracts within the flood zone.