South Florida is preparing for and major strike called Irma (AndrewII). As a person who went through Andrew, I for sure don't want to see another major hurricane in lifetime. That is not why i started this blog. I started this blog because I have had four customers call me wanting to talk about buying after the storm. They wanted me to know they are ready to jump the winds die down. When the stopped long enough for me to get a word in, I asked if they were buying with cash. they said No, why?
I had to explain to them that most of the good deal will not qualify for financing and any appraisals will come in very low plus you will need cash to repair these home. Even a few neighbors told me that they will be leaving if this one is like Andrew, they sell as is and leave. I ask them if they feel that there are many cash buyers? Do you thing it will be a buyers market or sellers? Slow down and think things out and get good advice.
My biggest concern is the Local, State and Federal Governments and there role. If Irma goes up the East Coast as a Cat 4 or 5 the amount of damage will be wide spread and extensive. I was with out power for 4 weeks and no phone service for 7 weeks after Andrew and the major damage in Andrew was contained to south of Miami, it did not hit a very populated area. Irma is heading for the highest populated area in Florida and the size of the storm could cause damage on both coast as it travel north. I worried about shelter for millions along the coast and inland.
I answered a question in Q& A earlier what it will be like for Houston REALTOR, this time my answer will go for all the south east tip of Florida. We made it through Andrew and Harvey, we just have to prove to everyone that Irma can't keep us down! I will see you all on the other side of the storm. Back to putting up shutters.