First responders real estate and natural disasters impact on housing

    I have made it a point to let it be known that I have a soft spot for the first responders of the world.  The men and women who lay it on the  Lion every single day. These men and women are truly the bravest of the brave. As we watch the events as of late unfold in Houston, we see the true loyalty and commitment expressed by these first responders.

    My heart goes out to those people that lost friends and family members. I also cry for those who lost their homes as a result of Texas is most recent natural disaster.

    Florida is getting pummeled by Irma as I type this. God speed to all who are involved!

    Watching those events reminded me of myself having been a first responder during the Northridge earthquake.

    It was very serene – watching as people were sleeping in bags in the many parks throughout the San Fernando Valley. Cops and Firemen everywhere, not just from Los Angeles – but from surrounding jurisdictions.

    Did you know that these horrific events also impact real estate? Insurance companies, lenders, mortgage companies, stop the transactions which are in process in the event of a natural disaster.

    This post can in no way compare with the heart ache and trauma experienced by those impacted by the event of a natural disaster. That is not my intension – my intension is to make you aware that if you are buying a home or selling one, and a natural disaster hits, you are going to be put on hold. This “on hold” even applies if you were not directly impacted. If you are in an adjoining city or nearby – you will also be paused.

    They make everything pause so they can evaluate if they are going to continue to insure, continue to loan, etc. – Those who are in the process of buying a home have to wait. Those who are in the process of selling their home have to wait. Agents, Lenders, Appraisers, insurance agents and all involved with the real estate process have to wait after a natural disaster strikes.

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    Connor MacIvor

    Top REMAX Realtors in the Santa Clarita - Valencia and Greater Los Angeles areas. Local Real estate agents specializing in buyer and seller consultation and representation.

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