Can I Sell My Damaged House After a Natural Disaster in Riverside, California?
California is no stranger to disasters. The state has experienced numerous floods, tornadoes, fires, and severe storms. When natural disasters occur, they often cause massive damage to houses, leaving homeowners with thousands of dollars in repairs. In many cases, property owners choose to sell their houses and move on because the cost of restoring the house is too high.
If you are a homeowner in Riverside, California, and a natural disaster damaged your house, you may feel like your options are limited. However, it is possible to sell your damaged house fast without making repairs or incurring high selling costs. Below, we look at some of the most common natural disasters in California and what you can do to sell your damaged house as-is in California after a disaster.
Common Natural Disasters in California
The fall season is a vulnerable time for wildfires because everything is dry. If the summer months don't bring enough rain, then droughts are possible and wildfires can spread quickly. In recent years, there has been a link between faulty power lines starting fires, therefore companies like Pacific Gas and Electric have gotten comfortable with shutting off the electricity for several days as a method of prevention.
Most communities in California are at risk of getting flooded. Approximately 20% of the population is especially vulnerable due to the topography of the region, the rivers flowing in and out of the valleys, and the episodes of heavy rainfall. Californians have experienced flooding due to overflowing rivers, excessive rain after a wildfire leading to saturation of the soil, rapid snowmelt, dam collapse, and levee breaks.
Landslides can be triggered by earthquakes and land development projects but are especially common after heavy periods of rainfall. When the soil becomes saturated with water, the section of soil or rocks underneath might not be strong enough to hold on to the weight above it. This causes it to give way, and gain momentum as it flows downhill.
There are more than 15,700 documented fault lines throughout California. Over 500 of those faults are active and capable of causing moderate to extensive damage. The majority of residents in California live within a 30-mile radius of an active fault.
Extreme Heat and Droughts
California houses three deserts, including the hottest place on Earth, in a section that covers approximately 25% of the state. It’s expected that extreme heat would affect the residents here. As a whole, the state averages 35 days a year of dangerously high temperatures. The warmth may contribute to California’s struggle with long seasons of drought.
How Natural Disasters Affect Property Values in Riverside, CA
When natural disasters strike in these areas, the effects on the wider California market are minimal, but the effects in the Riverside area are more definitive and long-lasting. Prospective buyers may find the location less desirable after a disaster and mortgage operations slow, both of which hurt home sales.
Oddly, home values in high-risk areas are higher than homes in low-risk areas. That’s because homes in higher-risk areas are often more desirable places to live. As such, homes in higher-risk areas may decrease sale prices after a natural disaster but have a much higher starting point.
Should I Repair or Sell My Damaged House After a Disaster?
After a natural disaster damages your home, you may be considering your options. Should you try to sell your damaged house or try to restore it and move back in? Before you decide, consider these four key questions.
- Can you rebuild a home that is sturdier and more disaster-resistant than the old one?
- Can you afford a mortgage and insurance on a rebuilt house in a disaster zone?
- Are neighbors, local businesses, and public services likely to return and rebuild?
- Knowing the risk of storm-related damage, will you be able to resell the house at a good price?
The bottom line is this: Is it worth it to rebuild, or should you attempt to sell your damaged house as-is?
How to Sell Your Damaged House After a Disaster?
Chances are, if you attempt to sell your damaged house on the market after a natural disaster, you will need to reduce your asking price substantially. Currently, it’s a seller’s market. So, you are competing with dozens of properties in better condition.
The best way to sell your damaged property in Ohio is to sell your house as-is directly to a buyer. You can bypass the market altogether. You do not have to hire a realtor, and you can avoid selling costs. At House Today Cash Tomorrow, we have a simple process that allows you to sell your house in three easy steps.
Step 1: Contact Us
Call House Today Cash Tomorrow or fill out the contact form to schedule a quick walkthrough of the property. Don’t worry about making any renovations or repairs or even cleaning the house. We buy houses as-is. Feel free to ask any questions or express your concerns. We are happy to discuss your situation.
Step 3: Get a Fair Cash Offer
If our buyers like what we see, we’ll make a fast cash offer at just under your house's current market value. In most cases, we can offer as little as 24 to 48 hours after seeing the property. When you work with House Today Cash Tomorrow, you’ll get a fair offer for your house.
Step 3: You Get Paid
If you accept our offer, you can schedule a closing date that is convenient for you. We pay all closing costs and fees. You simply show up, sign the papers, and get paid. When you work with us, selling your house in Riverside has never been easier. Get started with us today!
Sell Your Damaged House Fast to House Today Cash Tomorrow
Selling your house can be easier than ever when you sell your house for cash to House Today Cash Tomorrow. We offer a simple, no-cost solution that helps you get out of your mortgage or sell your house regardless of your situation. To find out more about the benefits of selling your house for cash, call 877-221-8080 and get a fast cash offer.