Have you been affected by the recent Kincade, Getty our numerous other fires wreaking havoc up and down California? Napa, Sonoma, Contra Costa, Solano, Los Angeles and Orange counties have all recently been impacted by fire and smoke damage

Many people just like you lost their home in a fire and are trying to decide how to move forward. Should you stay and rebuild or collect the money you can and move somewhere else? The option that is best for you and your family will depend on multiple factors but one of the biggest is your property insurance situation. Let’s go through a couple different scenarios:

No Insurance: You have lived in your house for many years, the mortgage is paid off and you decided to stop paying for home insurance. Given this, there will be no financial assistance coming your way, you are responsible for covering the cost to repair/rebuild your house. Depending on the extent of the damage this may not be financially possible for you. There is value in the land you own though, you can sell your Bay Area or Southern California burned lot for cash and use that to purchase your next home.

Under Insured: You have property insurance so you assumed that the cost to repair/rebuild your house would be covered at no additional cost to you however while speaking with the claim adjuster you were informed that the amount of coverage you have is no longer sufficient to pay for all the work needed and that you are responsible for contributing the rest. Over the years as property values have gone up and inflation has occurred, your insurance coverage amounts should have increased as well, but no one told you that you needed to do that. It is a very sobering realization, one that unfortunately too many home owners are experiencing. Proud Start can help, you collect your insurance money then we will purchase your Bay Area or Los Angeles fire damaged house. You can take both checks and go purchase your new home.

This disaster was truly that, causing massive destruction and loss. The damage has been done, the question is how will you move forward? If you are educated on your options, it is possible you can come out of this in an even better position. Give us a call to see how we can help with your fire damaged house.

Has your Bay Area house been damaged by a fire or have any other sort of significant issue? Proud Start, LLC is your local Homebuyer and can make you a fair cash offer. We won’t ask you to make any repairs and can close when you want. The following is a great example of a property we recently purchased where the seller was in a situation just like you.

In July of last year, we were contacted about a house in Sacramento that had gone through extensive fire damage. It was tagged by the city as uninhabitable. The owner of the property was just wrapping things up with his insurance and rather than use the money to rehabilitate the property he wanted to keep the insurance payout and sell the property as is. He did not want to deal with a long and uncertain remodel process.

Based on what the seller was looking to do, we quickly set up an appointment to view the property and determine what was needed to repair all the damage and complete the remodel. Our Contractor partner, Exact Property Solutions, inspected everything to develop a scope of work and cost estimate. Once we had this information, we were able to make the seller a fair offer which he accepted. We closed once he had completed everything with his insurance company. Between the money received from us and the insurance payout the seller was very happy and accomplished the goal of not having to deal with a stressful remodel.

Once we took ownership, Exact Property Solutions got to work, in just a little over two months they had completely transformed the property, turning a condemned house into a safe and remodeled home ready for a new family.

Now a days the phrase win-win situation is cliché, but in this case, it is completely appropriate. The seller of the property was able to cash out and avoid any issues, the City of Sacramento and the local residents didn’t have to worry about a fire damaged house sitting vacant and creating a place dangerous place for illegal activity.

If the case study above sounds like your situation or someone you know, give us a call to learn more about how we can assist.