How to Sell Your Damaged House Fast After a Natural Disaster in Cincinnati, OH
Ohio has three of the top 10 housing markets with the lowest risk for natural disasters. This means that when assessing for common disasters and historical disaster data, three cities in Ohio (Dayton, Akron, and Cincinnati) fare well for risk for natural disasters like hurricanes, forest fires, floods, tornadoes, and earthquakes.
However, severe weather and natural disasters do occur in the Cincinnati area from time to time. When they happen, they can cause extensive damage, leaving homeowners with no choice but to sell their houses and move on. If a natural disaster has damaged your Ohio house, and you need to sell your damaged house fast, read below to learn how to unload your property and move on quickly.
Common Natural Disasters in Ohio
Ohio’s climate may not present the same level of risk as areas such as Florida, Oklahoma, or California. However, the state does experience some natural disasters from time to time. The most common natural disasters in Ohio include
Spring and summer months are the most common time to see storms and heavy precipitation, accompanied by lightning and strong winds, and hail in some cases. On occasion, a thunderstorm can produce a tornado. Fortunately, severe thunderstorms do not cause massive damage to houses.
Floods are common in the low-lying areas of Cincinnati, Ohio, and the regions near the rivers. Ohio has experienced several major floods over the past 100 years. Some floods have caused massive damage to houses and commercial properties across Cincinnati. Since floods occur sporadically, it’s difficult to predict when they will strike next on a large scale.
Ohio experiences approximately 20 tornadoes each year. For this reason, west Ohio is often included in what has been called Tornado Alley. The Ohio valley can produce F5 tornadoes, which cause extensive property damage. Tornadoes can destroy entire properties, leaving homeowners with no choice but to rebuild or sell their property.
Being a northern US state that borders one of the Great Lakes makes Ohio vulnerable to extremely cold temperatures and severe snowstorms. Snowfall averages 22 inches annually across the state. Cincinnati ranks the highest with 68.1 inches annually. Lake-effect snow could have a lot to do with it since the cities that lie on the Great Lakes— Lake Eerie in this case— are likely to receive more snow.
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How Natural Disasters Affect Properties Values in Cincinnati
Disasters destroy homes and displace residents. As a result, they have a strong effect on the housing market. When residents lose their homes, they need to find a new place to live, and they typically stay within the local area to remain with family, jobs, and their community. This causes an increase in demand for the remaining housing in the area.
As a result of this increased demand for housing, the prices of vacant stock in the surrounding community rise considerably. Both rents and home prices jump about three to six percent between three to six months after the time of a disaster. As the prices of available properties go up, the values of affected prices plummet considerably, making it nearly impossible to sell a house the traditional way in the real estate market.
Should You Repair or Sell Your Damaged House After a Disaster?
After a storm damages your property, you may be left wondering what to do. Is it better to restore your property or try to sell your damaged house? Before deciding what to do with your damaged property, ask yourself 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 Fast in Cincinnati, OH
At Neighborhood Enrichment, we help homeowners in dire situations who need to sell their houses right after a natural disaster. We make it easy to sell your house by eliminating the hassle of a traditional sale. Instead of attempting to sell a damaged house on the market, you can follow these easy steps to unloading your property quickly.
Step 1: Contact Us
Call us today or fill out the form, and we will call you to discuss your home. We will schedule a quick walkthrough to assess your property. If our services meet your needs, we will make you a CASH offer within 24 to 48 hours. Do not worry about repairs or cleaning your property. We buy houses in as-is.
Step 2: Receive your Cash Offer
After a quick viewing of your house, we will make a cash offer. Our offers come in at just under the current market value of your property. There is no obligation to sell your house. You have nothing to lose and a more convenient sale of your house to gain. See how much cash you can get for your house!
Step 3: We Pay You Cash
If you accept our offer, we schedule a close date that is convenient for you. In most cases, we can close in as little as seven days. No repairs or cleaning is necessary – simply walk away from your property with cash in hand.
Sell My House Fast in Ohio
Before you contact the realtor or list your house on the market, do not pass up the chance to sell your house as-is for cash. Neighborhood Enrichment is here to help you find the simplest solutions to get cash-in-hand quickly without wasting time and money on repairs and closing costs. We buy houses for cash in Ohio. Call 513-586-4237 today to get a fast cash offer.