The Nashville flood disaster of 2010 will surely leave a lasting impact on the purchase and sale of homes in flood-affected areas, for many years to come.

Concerned homeowners are asking about the effects of the flood on their property values. The answer to that question is, there is no pat answer. Ultimately, the "market" is the determinant of pricing in the real estate market.

However, if you or someone you know has sustained flood damage to their home, having proper documentation to answer the following questions will help you sell your property if and when that time comes:

1. What happened to your home in the "Flood of 2010"?
2. What did you have to repair?
3. Is everything you did to repair your flood damage listed on the required Tennessee Residential Property Condition Disclosure?
4. Who were the contractors you used?
5. Where are the receipts for the work performed, along with all required Permits?
6. Where is the Certificate of Occupancy?
7. Where are the Warranties for work performed, replacement appliances, such as HVAC, etc.?
8. Who did the work, you or a licensed Contractor?
9. What process was used to treat or remediate mold and mildew?
10. What was the total cost of the repairs and/or upgrades made to remedy the flood damage?

Take lots of pictures and make sure you have thorough written documentation at every step of the process. Prepare yourself as if you were going into court to defend against this question: "How can you prove that your home is as good or better now than it was before it was flooded?"
If you would like a blank Tennessee Residential Property Condition Disclosure form, call us at 615-604-2100 for a copy via e-mail.