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re: What will the flood do to the housing market here?
Posted on 8/14/16 at 9:51 pm to dualed
Posted on 8/14/16 at 9:51 pm to dualed
If you are dry, your value increases significantly. If you got water, your value decreases likely. Not just because of the water, but because everyone now knows the safe places versus the potential hazards.
Posted on 8/14/16 at 11:38 pm to seawolf06
I've taken pics of my home with time stamps just for future reference if anyone wants to see how the flood affected my home and the neighborhood itself. Thought it couldn't hurt
Posted on 8/17/16 at 6:44 am to seawolf06
quote:
?Posted on 8/14/16 at 9:51 pm to dualed
If you are dry, your value increases significantly. If you got water, your value decreases likely. Not just because of the water, but because everyone now knows the safe places versus the potential hazards.
This is exactly what happened here after 2010 Nashville floods and is what I would expect to see there. My parents are over in Parker Place and dry as a bone. That little hood is going to skyrocket IMO.
If selling I would try to sit 4-5 years and let time heal wounds so to speak. You will get beat up selling this quickly after event. Prop Managers will be licking chops for rentals, as some will over react to flood and give property away.
Rental market will be fierce next 12-24 months.
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