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Posted by
kashif sharif

My House is Flooded What do I do?

I am so confused where to start. My house is flooded in Savanna Estate. I don't know if I should sell it "AS IS" or Should I rebuild it? Will it be worth to rebuild and sell it. I also need a place to live as i have been living with family at a brother house for 3 months now. Someone told me that I need Realtor for House Valuation if sell it "AS IS" VS selling it after rebuild. Also what type of professionals i need to rebuild the house? Are there companies provide written QUOTES on the entire rebuilding with LABOR/MATERIAL? I heard there is such a thing called General Contractor but i can not find any information on google. Do General contractors have all the required licenses to build or rebuild the house? such as plumbing, electric, roofing, etc etc? I am so confused. Really need Help FAST.

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My House is Flooded What do I do?

By kashif sharif   
Posted on Dec 05, 2017 in Topic: Home Remodeling
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I am so confused where to start. My house is flooded in Savanna Estate. I don't know if I should sell it "AS IS" or Should I rebuild it? Will it be worth to rebuild and sell it. I also need a place to live as i have been living with family at a brother house for 3 months now. Someone told me that I need Realtor for House Valuation if sell it "AS IS" VS selling it after rebuild. Also what type of professionals i need to rebuild the house? Are there companies provide written QUOTES on the entire rebuilding with LABOR/MATERIAL? I heard there is such a thing called General Contractor but i can not find any information on google. Do General contractors have all the required licenses to build or rebuild the house? such as plumbing, electric, roofing, etc etc? I am so confused. Really need Help FAST.
Status: Open
Viewed: 201
Asked by: Consumer
Posted: 2 weeks ago
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Gold
Ryan Kohn
about 1 week ago
Good morning Kashif,
I am so sorry to here of you delima. I know this flooding has affected many. The answer to you question is not an easy one and it depends on many factors. The best option would be for you to get some estimates for repairs and begin talking to a realtor. I have looked into your neighborhood and there are several homes active and sold since the hurricane in various stages of distress and rebuild. The option to sell as-is or rebuild will depend entirely on your capabilities as well as mortgage status and weather it makes since to rebuild or not. A qualified realtor should be able to give you an idea of home value in respect to either way you go. My broker also has a home building and remodeling company and we can provide a written estimate as well as repairs from the ground up. This will provide you with a value for repairs that can be completed or give us a ground point for the work needed if selling as is. I also do short sales if necessary as well as have multiple contacts that could buy as-is willing to perform the repairs needed with a quick close. Your neighborhood also consist of several flood plains, do you know if you are in one and if you have flood insurance?
Please feel free to contact me, I would be more than happy to help you get through this stressful time so you can begin moving forward.
Ryan Kohn
281-636-8179 Call or Text
ryank@rykohnrealty.com


about 1 week ago
Silver
Cagdas Acar
about 1 week ago
Dear Khasif,

Sorry to hear that you are being effected from this big disaster. Coming to your questions. If you have the finances to fix it, you can check with the contractor the cost of fixing and with Real Estate Professional to provide you the home value after repair then decide accordingly. If you do not want to take the remodeling cost, you can sell it "as is". I know the situation harder than words while everything is about your finances and your decision. Most contractors can give you free quotation, check their previous works and ask references. There can be several contractor involved according to what you want to do at your home. Example: Tile Flooring, Wood Flooring, Granite, Painter. You can ask their documentation whether they are license or unlicensed.

You can call me text me or email me. If you have further questions or need to know about my favorite contractors.

Regards,

Cagdas Acar
Msc PSA Realtor
Mobile: 832-283-1091
Email: acarster@gmail.com
Website: www.cagdasacar.kw.com


about 1 week ago
Silver
Michael Jobin
about 1 week ago
Kashif,

In addition to the great suggestions Ryan made, you also need to contact your insurance company if you have not already and get them out to see what kind of claim dollars you have to work with. You can then put this in the mix of rebuild, remodel or sell as is Your insurance company cannot dictate what contractor you use, but often they have a list of contracts they have worked with in the Houston area that have a good reputation. The BBB also will have a list of A+ rated contractors. (https://www.bbb.org/en/us/local-bbb/bbb-of-greater-houston-and-south-texas).

You can also check with your HOA. They have a whole section on their website about flood recovery. (https://savannahestates.wordpress.com/).

Texas does not license General contractors at the state level. However, many municipalities do require licenses. Check with local city/county requirements and regulations. Electrical, Plumbing, Mechanical, Asbestos abatement and other specialty trades require a state license.

HAR also has home listed where the owners are renting cheap or free for flood victims for up to 13 weeks. Check out the link below. (http://www.har.com/temporaryhousing).

I also included a list of resources. Check it out. There is a ton of great information. (https://texashelp.tamu.edu/hurricane-harvey-disaster-recovery/)

The bottom line is not to panic and to start taking one step at a time. Information is key to helping make a good decision you can live with. Just remember... If it sounds too good to be true; it most likely is too good to be true and should be avoided.

Michael Jobin, SRES, TxCG
C&K Properties


Source:


https://savannahestates.wordpress.com/\n\nhttp://www.har.com/temporaryhousing\n\nhttps://texashelp.tamu.edu/hurricane-harvey-disaster-recovery/\n\n

about 1 week ago
Bronze
Yvonne Chauvin
about 1 week ago
Kashif,
I am so sorry about you and other homeowners, such as yourself are going thru. I can also see how this would be totally overwhelming and absolutely heartbreaking.
Take it one step at the time and put one foot in front of the other.

First- get estimates on repairs. To answer your questions as it relates to contractors- yes, they have to be licensed, bonded and insured.
Do not hire a contractor you don't trust. Get at least 2-3 estimates and compare them, as well as timelines. I can provide you with a list of trustworthy contractors.

Once you have an estimated cost of repairs, your next step will be to determine the estimated market value of your house after repairs- and yes, a Realtor can run comparative market data report for you and provide a price for which your house can sell.
When you have that number- you'll know if it's financially worth it to fix it or not.

The same goes for providing market data and an estimated price for which your house can sell as-is right now.

Once you have these numbers, look into your mortgage- determine how much you still owe. This will help you determine if you will make profit or a loss during sale. A Realtor can prepare a net sheet for you as well.

Kashif- if I may add something- don't make hasty decisions. Take your time and look at the numbers once you have them. Take advice from someone you can trust, who will have your best interest at heart.

Have you filed with FEMA and have you filed a claim with your insurance company? There are a lot of available resources for homeowners affected by flood:
https://texashelp.tamu.edu/hurricane-harvey-disaster-recovery

If you'd like more information, feel free to email me at: yvonne.chauvin@yvonnechauvin.com.

Hang in there.
Sincerely,

Yvonne Chauvin, REALTOR
MCNE
281-686-0143
YvonneChauvin@YvonneChauvin.com


about 1 week ago
Bronze
Imrana Hamdi
about 6 days ago
Asalamalikum/Hello ! Kashif
So sorry for all your loss! Stat a new chapter Kashif! a quick question to you did you have flood insurance ?
I am sure by now you must be already progressed too far. If you have not please get intouc with your realestate answers that lie with
Imrana Hamdi
Realtor Keller Williams
7654909206
No fees charged !


Source:


https://texashelp.tamu.edu/hurricane-harvey-disaster-recovery/) \nhttp://www.har.com/p/harvey?nelat=50.59446202105341&nelng=-64.56321716308594&swlat=12.936139547383547&swlng=-124.59251403808594&sort=priceasc\nThanks\nImrana

about 6 days ago
Silver
Christopher Dayanand
about 3 days ago
Hello Kashif,

So sorry to hear about it. You should have had many things rolling by now.

1. Contact your insurance company - They may pay or may not depending on the insurance you are carrying.
2. Registered for FEMA help
3. Should have started on basic remediation process like cutting off wet sheetrocks and hauling other wet stuff out

Coming to selling your house, you have two options - Reaching out to realtor or wholesaler. Wholesaler will buy your house as is and they can close the transaction in a very short period of time. Realtors can put your house on the market and wait for it to be sold through normal process or through their network of investors.

If you need help, reach out to me.

Chris
Coldwell Bankers
www.ChrisRealEstatePro.com
832.859.8698


about 3 days ago
Bronze
Ryan Modi
about 3 days ago
Hello Kashif,

So sorry to hear about your loss. This can be a confusing time.

If the house did get some water inside, you must have started the remediation process immediately. Otherwise mold can be a big problem.

You should have contacted your home insurance company and FEMA to get help with insurance and disaster recovery help.

There are two options you have:

1. Contact a wholesaler. We know several wholesaler who can provide quote quickly and close in 7-10 days. Contact me for more information.

2. Contact a general contractor and get a quote for remodeling. Most of the general contractors are very busy right now and the construction cost have gone up significantly.

Ryan Modi
Pattern Realty
Ph: (281) 236-4040
RyanM@PatternRealty.com


about 3 days ago
Disclaimer: Answers provided are just opinions and should not be accepted as advice.
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