Rebuilding after Harvey

Helping Your Client Through a Disaster (courtesy of NAR and HAR)
The health and safety of everyone involved are the most important concerns when disaster strikes a property during a pending real estate transaction. Once you’re safe, however, there’s a lot to consider. How badly was the property damaged? Will it be a total loss? What are the insurance implications following the disaster? We’ve gathered some important resources for real estate professionals and their customers to consider during the recovery from Hurricane Harvey. Read below and don’t hesitate to contact your agent with any questions you may have during this challenging time.

Useful links

WHAT YOU NEED TO KNOW – TAR LEGAL ADVICE

TAR sent out this information to REALTORS® across the state, and it is packed with information you need to know. Please take special note of the ability to apply for assistance from the Texas REALTORS® Disaster Relief Fund (or to donate to it if you are able), as well as the information dispelling the inaccuracies about the new homeowner’s insurance law that goes into effect on Friday (spoiler alert: it doesn’t impact regular insurance claims and only applies to lawsuits filed against insurance companies). Check out TAR Resources for Texas REALTORS® affected by Harvey.

Texas REALTORS® Disaster Relief Fund

REALTORS® and members of the public who’ve suffered loss due to Harvey can apply for up to $1,000 of mortgage or rental payment assistance from the Texas REALTORS® Relief Fund. Apply for assistance

NEW FIELDS ADDED TO MLS TO IDENTIFY NON-FLOODED HOMES

In response to the disastrous flooding across the area the following fields are being added to MLS to help listing agents flag homes and properties that did not flood and buyer agents to better search for homes that have not flooded.