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The Storm is Approaching - In Florida Your Closing May Be Delayed

By Toni Weidman

Real Estate Agent with Sailwinds Realty

August 22, 2012 06:01 AM

The Storm is Approaching - Isaac is coming-Your Closing May Be Delayed -In Florida, closings can be held up by an impending storm. If the storm is in the box, no insurance can be written; so no closings can happen. As the storm is approaching the box, some companies may have already cut off insurance. If you are trying to close this week or next, you need to call your agent today and see if they are still binding insurance.

Closings will be delayed until the storm is no longer a threat to our area. In 2004, we had one storm after another enter the box, I had several closings that were delayed 5-6 weeks. Once the storm enters the box, nothing can be done regarding closing. Even if Isaac never actually knocks on our door, you still won't be able to close until he has died out or headed out of the box.

The Weather Box

Isaac is Coming so be sure to check with your insurance company and your mortgage loan officer.

Toni and Craig Weidman

Re/Max New Dimensions

727-237-0083 or 727-359-9518

Selling West Pasco for 21 years

email: HomesbyToni@gmail.com

Thanks to my friend and loan guy for the reminder;
Mike Chissell CEP, CMP
Trusted Mortgage & Financial Advisor
Cell (727) 639-5909, mike@mortmasters.com
25 Years of Doing "The Right Thing"

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The Storm is Approaching - In Florida Your Closing May Be Delayed

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Roger D. Mucci

Shaken...with a Twist 216.633.2092 - Euclid, OH

Lets shake things up at your home today!

Better safe than sorry...........the closing can wait until Isaac passes, even if it's an inconvenience.

Aug 22, 2012 06:20 AM

Mel Ahrens, MBA, Kelly Right Real Estate

Kelly Right Real Estate - Hood River, OR

Customized Choices for your Real Estate Needs

I just heard about your storm this morning. Best wishes to you all that it passes without too much trouble!

Gretchen

Aug 22, 2012 06:37 AM

John McCormack, CRS

Albuquerque Homes Realty - Albuquerque, NM

Honesty, Integrity, Results, Experienced. HIRE Me!

I caught a blurb of Isaac on this mornings news. Here we are begging for just a few drops and you guys are boarding up the cities. Nature is amazing isn't she.

Aug 22, 2012 06:46 AM

Jennifer Chiongbian

Specializing in all types of Manhattan apts & townhouses - Manhattan, NY

Real Estate Broker - NYC

Hope you stay safe during the storm! It is definitely importnat to make sure that your insurance is up to date.

Aug 22, 2012 07:05 AM

Mary Yonkers

Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA

Erie/PA Real Estate Instructor

Toni, be safe & ride out the storm as best you can. I will be thinking of you as I listen to Weather Channel. Thanks for the info about 'The Box' which Idid not know about.

Up north I have never heard of closing being delayed because of a snow storm. (Another advantage for living up here, I guess.)

Aug 22, 2012 07:29 AM

Anita Clark

Coldwell Banker Access Realty ~ 478.960.8055 - Warner Robins, GA

Realtor - Homes for Sale in Warner Robins GA

Toni: Stay safe girl! We will see some wind/rain but nothing like your area will get.

Aug 22, 2012 07:53 AM

Roy Kelley

Retired - Gaithersburg, MD

Very good information for those with pending settlements. I did not know this!

Enjoy the days of summer with your camera in hand.

Aug 22, 2012 07:55 AM

Rob Thomas

Prestige Homes of The Tri Cities, Inc. CALL....423-341-6954 - Bristol, TN

Bristol TN-VA & Tri Cities Agent, ABR, GRI, e-Pro

Toni ....stay safe! I know you will be OK! Have a great night!

Aug 22, 2012 08:17 AM

Jeanne M. Gavish

Jeanne Gavish, Keller Williams Realty Elite Partners - Spring Hill, FL

Keller Williams Realty Elite Partners - CIPS,GRI,S

Toni, this is the second blog post I read today regarding our storm season and insurance. I spent the afternoon calling my buyers to make sure they had their insurnce bound. I remember Friday the 13th (August 2004) when Charley, Frances, Jeanne, and Ivan Hit back to back.

Aug 22, 2012 12:09 PM

Tim Lorenz

TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA

949 874-2247

This could be a bad one. It is also while the Republican Convention is in town.

Aug 22, 2012 12:16 PM

Jennifer Fivelsdal

JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY

Mid Hudson Valley real estate connection

Toni this is important commuity information. Real estate is truly local, this is something I would not have given much thought to in my area.

Here is hoping Isaac stays away.

Aug 22, 2012 02:24 PM

Tom Arstingstall, General Contractor, Dry Rot, Water Damage Sacramento, El Dorado County - (916) 765-5366

Dry Rot and Water Damage www.tromlerconstruction.com Mobile - 916-765-5366 - Placerville, CA

General Contractor, Dry Rot and Water Damage

We don't have tropical storms in California, but I wish our weatherpeople could be as accurate as in Florida. :)

Aug 22, 2012 06:08 PM

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400

The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY

Long Island Condo and Home Specialists

Toni, Looks like Issac is sneaking up on the Florida area but hope he takes a turn and stays off the land!

Aug 22, 2012 08:53 PM

Gabe Sanders

Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL

Stuart Florida Real Estate

Great post Toni. I wrote about the same issue yesterday. We need to educate our buyers about this.

Aug 22, 2012 09:35 PM

Kristin Johnston - REALTOR®

RE/MAX Platinum - Waukesha, WI

Giving Back With Each Home Sold!

I hope you are all safe and sound....great advice to make contact with your insurance agent NOW.....good luck!

Aug 22, 2012 11:53 PM

Toni Weidman

Sailwinds Realty - Trinity, FL

20+ Years Selling Homes in New Port Richey, FL

Thanks everyone, it will be while before Isaac makes up it's mind where he is going so we may not need to worry about it hitting directly. But it will definitely be affecting any closings for a while.

Gabe - we do need to get the word out; I don't think most folks realize it can affect the whole state as far as insurance and closings is concerned.

Aug 22, 2012 11:58 PM

Frank Laisch

Orlando, FL

"The Insurance Guy"

Great info Toni,

We still have some companies writing insurance but the window is closing FAST. My Team is burning the midnight oil to make sure all the closing are not delayed :-)

Aug 23, 2012 08:39 AM

Gail Robinson

William Raveis Real Estate - Southport, CT

CRS, GRI, e-PRO Fairfield County, CT

Toni - I wasn't aware that a storm could stop closings due to insurance issues. We don't have as many storms here in Connecticut, but good to know. I also wasn't aware of the weather box. Thank you!

Aug 23, 2012 10:25 AM

Kwee Huset

Kwee Huset Realty - Venice, FL

Venice Florida Homes For Sale

Hi Toni, great information for the buyers and sellers. Normally in the hurricane season I will add the Homeowner Insurance Addendum to the contract to avoid the fall through - we cannot close without insurance coverage.

Aug 25, 2012 09:24 PM

Toni Weidman

Sailwinds Realty - Trinity, FL

20+ Years Selling Homes in New Port Richey, FL

Frank - that's great!

Gail - it generally only affects Florida.

Kwee - I do too whenever I write in Aug, Sept, Oct. Our peak hurricane threat months.

Aug 25, 2012 09:31 PM