Galveston took a major blow with hurricane Ike- but we will recover. Cleanup and power restoration is nearing completion and real estate is getting back on track. In order to close a deal that was pending pre-hurricane you have to get all the utilities turned on, re-inspected, re-appraised, and possibly get new financing. I have my first closing post -Ike coming up in a week or two. It is a little tough to close a house unless it is cash, but that will soon change. Most of the island has power, water, and gas. We have some gas stations open, and even some fast food now! Things are looking good. Our office is being re-built even as I write this and we should be open in the next month or so. We are (all of our agents) working hard with past clients, and future clients out of our homes. The next few months may be the best time to buy in Galveston... investors may be able to damaged homes for 50-60% of value...
please visit our website for Ike pictures, my own post-ike blog, and more on Galveston real estate
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