As summer winds down and cooler weather makes its way to Mid-Missouri, the real estate market enters a new season, too. Fall buyers are often thinking beyond summer curb appeal and backyard.
Buying & Selling After a Storm
Dated: April 7 2023
Views: 1352
After a storm, it's crucial for both home buyers and sellers to contact their real estate agent as soon as possible. Storms can cause significant damages to properties, and it's essential to assess and address any potential issues promptly.
Real estate agents play a critical role in guiding buyers and sellers through the aftermath of a storm, providing expert advice, coordinating with other professionals, and helping to ensure that the necessary steps are taken to protect their interests. From assessing damages, understanding insurance coverage, coordinating repairs, and navigating legal and contractual obligations, involving a REALTOR® can be invaluable for both buyers and sellers to navigate the situation with confidence and protect their investment.
Need help navigating? Contact one of our expert agents today!
IF YOU'RE SELLING
1. Assess and document any storm-related damages. After a storm, it's important for sellers to assess and document any damages to their property caused by the storm. This can include checking for roof damage, broken windows, siding damage, or any other visible damages. Taking photos and/or videos of the damages can be helpful for insurance purposes and during the selling process.
2. Address immediate safety concerns. If the storm has caused any immediate safety concerns, such as structural damage, fallen trees, or hazardous debris, sellers should take appropriate actions to mitigate those risks. This may involve arranging for emergency repairs, securing the property, or contacting professionals for assistance.
3. Inform your real estate agent and potential buyers. Sellers should promptly notify their real estate agent and any potential buyers about the storm-related damages and the steps they are taking to address them. This can help manage expectations and avoid any potential legal or ethical issues. Sellers should also disclose any known storm damages in the seller's disclosure statement, as required by law in many jurisdictions.
IF YOU'RE BUYING
1. Inspect the property for storm-related damages. Home buyers should thoroughly inspect the property for any storm-related damages before proceeding with the purchase. This may include checking for roof damage, water intrusion, electrical issues, or any other damages caused by the storm. If buyers are not experienced in assessing storm damages, it's advisable to hire a professional inspector to conduct a thorough inspection.
2. Review insurance coverage. Buyers should review the seller's insurance coverage to determine if the property is adequately insured for storm-related damages. This may involve checking the policy coverage, deductible amounts, and any exclusions. Buyers should also consider obtaining their own insurance coverage to protect their investment in the property.
3. Consult with professionals. Buyers should consult with their real estate agent, insurance provider, and other professionals as needed to assess the extent of storm damages and evaluate the potential costs for repairs or remediation. This may also include seeking advice from contractors, roofers, or other specialists to obtain estimates and recommendations for repairs. And make sure you’re aware of potential scams — your REALTOR® can help you find trusted partners.
Don’t let severe weather make a permanent impact — take action and reach out to your trusted real estate agent.
Whether you're a buyer or seller, they can provide invaluable support during this challenging time. From assessing damages to understanding insurance coverage, coordinating repairs to navigating legal obligations, your real estate agent is your experienced advisor in the aftermath of a storm. Contact your agent now and rest assured that you're in capable hands.
Alana Nyhart
I serve as the Director of Marketing for Weichert, Realtors® – House of Brokers, where I lead our brand strategy, agent marketing, company events, and community engagement efforts. My passio....
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Information is deemed reliable but is not guaranteed.
The territorial jurisdiction of the Jefferson City Area Board of REALTORS®, Inc. includes Cole, Callaway, Moniteau, and Osage Counties. This representation is based in whole or part on data supplied by the Multiple Listing Service of the Jefferson City Area Board of REALTORS®, Inc. Neither the Board nor its MLS guarantees or is any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market.
Heart Of Missouri Board Of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
