(4) Repairing a flooded home will cost you. Drying up a 2,000 sf house in normal conditions may cost over $2,500. (5) Homeowner insurance doesn’t cover all floods. Make sure you know what the insurance covers. Most do NOT cover rising water, but will if comes thru the roof. Have to ask for it specifically. Many in the Houston, Beaumont & other areas have a lot to learn about this.
(1) A flooded home can be fixed. Removing the moisture is the key. Get in there and clean up quickly. Closer to the 3 to 5 day mark, then becomes questionable. (2) You’d be amazed what can be saved. Use truck-mounted vacuums with 2,000 horsepower and dehumidifiers. Maybe even sheetrock & TVs and laptops. (3) Mold, not water is the real problem, particularly in the Houston hot weather. Treat with anti-mold agents. MORE TO COME
Home sales declined 25% in August as Hurricane Harvey knocked out hundreds of deals at the end of the month. Insurance companies restrict the initiation of new policies for homeowners & this delays many closings. Then homes have to be re-inspected for flood damage & may not close till the damage is repaired. Houston is still ahead of closing more than 2016 by 1.8%.
Downtown has become a major draw for millennials as a place to work, play and live. The downtown area contains one of the highest population concentrations. Housing outside the downtown area is robust. ZIP code 75703, south of downtown is the 2nd most active with over 600 homes sold each of the past two years. AGAIN QUITE A TYLER RENAISSANCE. CALL THE BAINS at BAIN REAL ESTATE, 903-571-2101.
Communities in between, such as Flint and Whitehouse have seen lots of activity. Residential sales in ZIP codes 75701, 75703 and 75762 have been most active as well as 75757. In 2016 the 249 home sales through the MLS were a 25% jump over 2015. Second quarter 2017 is showing the same growth. MORE TO COME