Like other cities in the midwest, Louisville, Kentucky, is vulnerable to an array of natural disasters. Each year, homeowners contend with flash floods, lightning, severe thunderstorms, icy winters, and tornadoes. Many of these disasters strike with little warning, leaving property owners unprepared for the ensuing damage.
If you are a homeowner and you need to sell your house fast in Louisville, Kentucky, as a result of storm damage, you may have difficulty finding a buyer willing to buy your house as-is. However, staying in your property may also not be possible. So, what options do you have if you need to unload your property quickly so that you can move on?
Common Natural Disasters in Louisville, Kentucky
Louisville, Kentucky, lies in the center of the United States. Due to its location, it is caught in the crosshairs of weather fronts that approach the area from all directions. This can create a volatile landscape in every season throughout the year. Some of the most common natural disasters in Louisville, Kentucky, include
Kentucky is known for having intense storms. A hot and humid climate creates severe weather, such as air-mass thunderstorms, lightning, heavy precipitation, and hail. The peak of thunderstorm season is between April and May, and May is the wettest month.
Floods are Kentucky’s most frequent and costly natural disaster. Anywhere that it rains, it can flood. The state has a history of devastating floods in which entire communities are left completely inundated, leading to hundreds of millions of dollars in property damage
Kentucky is located in a part of the US that experiences substantial amounts of tornadoes. The state has an average of 21 tornadoes each year. Based on historical data, tornadoes have occurred in the state every month but there’s a higher probability of them occurring between April and May.
Winters are cold in Kentucky. It’s common to have days with low temperatures, light snow, occasional ice storms, and blizzards. The average annual snowfall is only about 11 inches, making it one of the least snowy states in the US. The northern and eastern parts of the state get the most amount of snowfall.
How Natural Disasters Affect Property Values
When natural disasters occur, they have a devastating effect on the local real estate market. If a storm heavily damages your house, you can expect the property value to plummet by as much as 40 to 50 percent. This is especially true if the properties around your house are also heavily damaged.
In addition to the damage, the real estate market also takes a hit. Many people living in the area where the disaster occurred are displaced. Many homeowners have to move to other areas to find housing. This can affect the market in your area, causing your home’s resale value to drop significantly.
Should You Repair Your House or Sell It?
After losing everything in a disaster, do you rebuild in the same area or pack up and relocate? Before making a decision, ask yourself these vital 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 Fast in Louisville, Kentucky
At We Buy Real Estate, we work with homeowners in the Louisville, Kentucky, area to find quick solutions for selling their houses. We simplify the selling process so that you can get out from underneath your damaged property and move on. Our buying process includes three main steps.
Step 1: Contact Us
Call us today and tell us about your property. We’ll schedule a quick walkthrough of your house. No need to renovate or prepare your home. We buy houses as-is.
Step 2: Get A Cash Offer
If we are interested in buying your property, we’ll make a fair, no-obligation cash offer. We make most offers within 24 to 48 hours. Our offers come in at just under the current value of your house.
Step 3: We Pay Cash For Your House
If you accept our offer, then schedule a closing date that is convenient for you. We pay all closing costs and put cash in your hands in as little as seven days after closing. Selling your house is easy!
Sell Your House in Louisville, KY Regardless of Your Situation
You may be going through a situation that makes it difficult to sell your house. A bankruptcy, foreclosure, divorce, or probate can complicate the sale, delaying any possibility of unloading the property any time soon. However, when you bypass a traditional sale and work with our home buying team, no circumstance can prevent you from selling your house.
We Buy Real Estate works with sellers in all types of situations, such as
|Damaged House||Late Mortgage Payments|
Contact Us to Sell Your House Today!
If you are ready to sell your house fast, then now is the time. We Buy Real Estate can make an offer and put cash in your hands in as little as seven days. Call 502-458-2722 to get a fast cash offer today.