How to Sell A Flood House in Houston

Dealing with a flooded home can be devastating, but it’s important to take action quickly in order to save your belongings, protect your finances, and prevent more harm to your property. When facing extensive water damage, a common consideration is this: Should I fix my flooded house, or try to find a prospective buyer for it? Let’s get into the details to help you make an informed decision.

 

Fixing vs Selling a Flooded Home in Houston

The decision to fully restore a house after water damage is usually based on money, but also the emotional toll it may take on you. Was there flood insurance in place? Depending upon where your property is located on the Houston area flood map, your insurance might be through a private carrier or directly through FEMA. What is the difference? From experience, there is a big one…  FEMA allows homeowners to purchase insurance through their network if your property is located in a floodplain. There are different definitions of risk, but to simplify, your home might be located in a 100 year vs 500 year flood zone. These estimate both the likelihood and frequency of potentially catastrophic future events.

Flood Claims

Many claims adjusters are busy during when there is a flood, and sometimes claims adjusters deny claims that should have been covered.  Even if a property is covered, that doesn’t mean every homeowner wants to pursue fixing the property themselves.

Fixing Water Damage and Staying:

In the back of everyone’s mind who decides to fix and stay is this. How often will does it flood in Houston, and will we experience flood water again in the near future? Of course, this can be hard to predict.

Your home might be located in 500 year flood plain, or just outside of what is considered a flood risk area. But this is no assurance or guarantee of what you can expect.

The emotional energy expended in fixing your home is great, and the thought of facing future flooding is too much for some Houstonians to process.

Have the Home Inspected for Mold: Mold is a sure-fire way to detract any interest in your property, so it’s crucial to have your home inspected for any bit of mold present. If it is, mold remediation done with the proper documentation will be crucial to resale. 

Flood-Proof the Home: Even though you won’t be living there, a buyer will be looking to see if you’ve taken the steps to help ensure a flood is less likely to happen again. This could include full renovation of windows, doors, and better grading for elevation.

Selling to a Home Buyer

You can sell your property in as-is condition without having to worry about lengthy disclosures. We understand the situation, and fully expect worst case scenario when facilitating the transaction.  You’ll never have to pay for repairs, fees, and you’ll get a generous cash offer.

To work with Absolute Properties or to simply learn more contact us by clicking here.