Selling a house with flood damage

Selling a house with flood damage

When I bought a home right along a tributary of the St.

  • Johns River in Jacksonville, Florida, I never considered the possibility of flooding.

When one of the larger storms hit the area, there were high winds, torrential downpours and power outages. The sump pump failed and an abundance of dirty water washed the house off its foundation. It caused considerable structural damage. A wall collapsed, the electrical system was destroyed and the floors warped. All of the appliances were ruined, and there were problems with mold growth and musty smells. The house was ultimately condemned. I got estimates from a professional HVAC technician, licensed electrician, roofing contractor, plumber and general contractor. When I added up the cost required to make the house liveable, safe and saleable, it was beyond my budget. I was also reluctant to deal with the stress, time and mess. I would have needed to live at a hotel or rent an apartment while the house was repaired. Since a condemned house certainly wouldn’t pass a home inspection, meet local building codes or qualify for a bank loan, I knew that listing it with a real estate agent was a waste of time. I wasn’t sure what to do. A coworker of mine suggested contacting a cash home buyer. She has a good experience selling her house to a local cash home buyer. She told me that I could get a no-obligation cash offer simply by submitting an online form. She recommended a local, family-owned buyer that purchases houses throughout the Jacksonville area in as-is condition. This turned out to be the perfect solution to my problem.
sell a foreclosure house