First, the buyers can avoid being trapped into a deal with SCR311 due diligence addendum when the inspectors and contractors are not working for storm reasons (e.g. mandatory evacuation, roads impassable, weather interference, utilities are not functioning properly).
Second, the SCR310 casualty section covers storm damages.
Third, the SCR310 property section requires maintenance that can also cover storm damages.
Here is a suggestion for the SCR311 due diligence addendum during a storm with evacuation.
1. Talk to your buyers.
2. Talk to your BIC.
3. Talk to the other listing agent.
4. BICs talk.
5. Parties agree to change the contract to extend all the deadlines to cover the storm issues.
6. Parties initial and date those agreed upon written changes.
7. If the seller is unreasonable about extending and refuses to initial/date extensions, buyer timely and properly terminates under due diligence.
The parties can put the deal back together later or later then the buyer can buy something else.
Repair procedure is a bit more problematic for the buyer when the real estate licensees cannot handle the storm issues via #1 through #6. Recommend the buyer obtain legal counsel asap.
REALTORS® who have not yet dealt with a named storm should immediately consult their BIC and their colleagues who have, also contact the lenders and law firms and inspectors and contractors and insurers.
Posted by : Byron King on 9/11/18 (This information is only accurate as of 9/11/18. You must contact SCR for updates and changes to this information after 9/11/18 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org)