I closed on my first house on Monday (woohoo!) Its a really nice house, took us forever to find, had to put an offer in the day it hit the market and we were one of 4 offers. We spent most of Monday after the close painting and when we came back Tuesday morning we were greeted by the sound of water rushing through the basement ceiling. Ruined the upstairs flooring in kitchen. living room and dining room (as well as dry wall) and ruined downstairs ceiling flooring and maybe walls. Since we just closed on the house the homeowners policy had just went into effect so the claim is for the very next day and they have to put the claim under investigation which makes everything go slower.... Really put a downer on our excitement over the new house-but I am confident everything will work out ok and we will be just fine!