Buying a New Home and A Flood Happens: What to do next

If you are in the process of buying a new home and have already had an appraisal and inspection, then you are well on your way to getting closer to closing on your home! Congratulations! Then all of a sudden BOOM!! A devastating rain storm sends thousands of people out of their homes, many out of electricity, and many affected by flooding in or around their homes. What should you do next? If the governor of your state signs a declaration and declares your county a disaster area, you will be responsible to have the home re-inspected prior to close. The unfortunate part is (other than having to do the re-inspection and postponing your closing) is that inspectors will be super busy and will have trying to fit in all re-inspections on their watch. So, be patient, and be sure to speak with your real estate agent and lender to have up to date information regarding your loan. It usually is the lender who reorders the re-inspection, so maintaining communication with them and making sure they are being proactive will help your loan continue to run smooth. That is why it is important you choose a lender you can trust to have your back when something like this happens. Call Texas Premier Mortgage at 281-907-6401, and speak to one of our qualified loan officers who can help you with any questions you may have.