Storm damage can cause property value to plummet, especially if you don’t have insurance.
My Mom and Dad paid off their house about 10 years ago and since then they have had the minimum amount of insurance on the property.
When the hurricane came through Jacksonville, Florida last year, my parents’ property suffered a lot of damage. My parents didn’t have the money to make all of the repairs and the insurance company would only cover some of the damage. My mom and dad were drowning in bills and they decided it was time to sell the property. There was so much damage that they could not fix everything. My parents decided to contact a Jacksonville real estate investor that offers cash for properties. The Jacksonville real estate investor was very fair and reasonable and offered my parents a cash offer for the property. My parents didn’t have to worry about making any motivations or repairs and they had a check in their hand in less than 7 days. They decided to use the money to come to live with my wife and I. We are using the money from the real estate sale to build an addition to the house. The addition will be a thousand square feet and have a bedroom, living room, and bathroom where my parents can be very comfortable. They will be able to live in the house with us, but they will still be able to feel like they have autonomy and freedom. They’ll even be able to come and go with a private door and entrance to their room.
sell house with water damage