The aftershocks from the Napa Earthquake continue both physically and mentally. I was doing ok and not thinking about aftershocks...then I watch the news. Over and over they repeat, change, and analyze the probablity of aftershocks and their magnitude. For some reason Monday night when I went to bed I was uneasy. At about 530AM Tuesday the bed shook...I am not that early of a riser like my husband, but I sure felt it! It is like the prediction comes true...and in this case I was hoping it would not. There continues to be aftershocks going one even though in Benicia I have not felt them all. We are located about 15 miles from the epicenter.
Our current listings have not had any problems with damage in the Vallejo area. One home scheduled to close today is closing tomorrow. The buyers did come by on Monday for one last walk-through to appease their concern. This home was built in the 90s so there are no problems. We also have two Benicia homes scheduled for closing this week too.
Yesterday we got an email from our in house lender that said ALL transactions not closed have to have a re-inspection from the appraiser. It was just announced Solano County was included in the disaster area declaration. We have a short sale with approval til 9-2 with Bank of America and the second with Greentree. No way will we close on time as the appraiser has to come back out. My expectation is the banks will understand, at least Bank of America! Our closer knows that we have to go through this. There is nothing we can change as it is what it is. We will manage through this.
This is the first time as a REALTOR for me to experience the mental and physical aftershocks of disasters. For us it is minor compared to our fellow agents in Napa where it had the worse damage. Title companies are sending out emails saying pretty much every thing is on hold there. My heart goes out to all, who not only have to deal with damage to their homes, but the buyers who were looking forward to living in their dream home.
Have you experienced a disaster and how did it affect your business?