10 Top Companies That Buy Water-Damaged Houses Fast

Yes, you can! It’s legal to sell a house with water damage, but it must be disclosed to all prospective buyers. Depending on the state, you may need to disclose water damage even after it’s been repaired.

If your home has been flooded numerous times, your property disclosure might even ask you to list the dates of the water intrusion and the specific location of the damages.

Yes, you can sell your flooded home, but you must disclose that it has been flooded, even when the water damage has been repaired.

When your house has mildew and mold as a result of the flooding, and the property has been cited as a public health hazard, you may need special approval from the municipality or a board of health to sell it as a residence due to the health hazards.

The cash buyers using our web platform buy homes with water damage anywhere in the country, and in all types of locations.

If you’ve had rain damage your condo in the inner city, our investors want to offer cash for your property.

They’re also interested in track homes in suburban settings with water damage in basements, rural country homes that have leaking roofs, and residences in planned urban developments with problem plumbing that’s damaged a bathroom.

The cash investors we partner with have seen all sorts of water damage in homes, and they’ve still bought the properties. They want to make an offer on your house.

Contact us for a free all-cash offer. If you don’t like it, you’re under no obligation to sell!

The quickest way to sell a water-damaged house is to sell it to an investor for cash. The cash buyers partnering with us typically close the sale within 3 to 30 days.

How can they move so fast? Unlike traditional buyers who need to apply for a mortgage to buy your house, the real estate investors we partner with pay all-cash.

They won’t ask you to wait for loan approval or a property appraisal. The cash buyers have money in hand to buy now and can close the sale quickly.

Yes, you can. But if you aren’t selling it to an investor, it’s unlikely you’ll sell your water damaged home quickly. Why?

Traditional buyers typically aren’t interested in looking at properties that need even minor repairs. They want to buy and move in without doing anything but unpacking.

When your property has water damage, you’ll sit and wait for a traditional home shopper. And you’ll wait longer when your house also has other defects or problems that need repair.

But don’t be discouraged. There are property buyers who look specifically to purchase homes in as-is condition.

The cash investors we partner with want to buy your house in as-is condition. They have a long record of purchasing properties with any, or all, of the following problems:

Home repairs are expensive, and investors aren’t interested in making you finish any repairs. They want to buy your property in as-is condition and fix it themselves.

You can save the money that would have gone for repairs and not waste your energy to do the work or the time required to locate others to do it for you.

The cash investors we partner with buy all types of properties. Most purchase a variety of housing, including manufactured and mobile homes. And some even buy vacant land.

Use our website to request your no-obligation cash offer when you have any of the following types of properties to sell:

The seasoned investors using our web platform have a record of closed sales that demonstrate you’ll have a number of advantages when you sell your water-damaged house to them. 

You’ll also have a cash bonus because the investors typically pay your escrow closing costs!

And they’ll let you leave anything you don’t want behind in the house. Just pack up your treasures and leave the rest for the investor to handle.

The Easy Way:

1. Request a no-obligation cash offer on our website.
2. Tour the experienced investor through your property and review the all-cash offer.
3. Accept the offer, if you find the price and terms to your liking, and then sign the sales contract.
4. Your investor will open the escrow, and will pay your closing costs.
5. Sign the escrow paperwork and receive your cash.

The Hard Way:

1. Interview real estate agents with experience in selling water-damaged houses.
2. Select an agent and sign the listing agreement.
3. Fill out required disclosures.
4. Market the property, hold open houses and tour prospective buyers through your home.
5. Wait for an offer. This may take some time with a house with water damage.
6. Field offers, sign a sales contract, and have your agent open escrow.
7. Open your house to home inspectors.
8. Renegotiate with the buyer over other damages and problems identified in the inspection report.
9. Wait for your buyer to apply for a mortgage. This could take some time before your buyer can locate a lender who will issue a loan on a property that has flooding or water damage.
10. Open your house to the lender’s home appraiser.
11. Wait for final loan approval.
12. Sign final closing paperwork.
13. Pay commissions and escrow closing costs.

Yes, you have to disclose water damage when selling a house.

You must be transparent when the law requires sellers to complete a property disclosure that lists water damage as one of the mandatory categories.

If your prospective buyer asks for details about the water damage, you must also answer truthfully.

Yes, it is difficult to sell a house after a flood.

Only a small fraction of the homebuyer pool is interested in shopping for a fixer, and a tiny fraction of that number will even consider a house that’s been flooded.

It’s even harder to sell a house with water damage that’s located in an entire neighborhood that has been flooded.

Flooding focuses the potential buyer’s attention to the fact that the neighborhood has flood risks, and the house might be flooded again in the future. That’s not the property most buyers want to purchase.

Why the concern with flood and water damage? Mold.

There’s a growing public awareness of the health hazards caused by mold, and most home shoppers understand to avoid it when looking for a house.