Is It Better To Sell A Damaged Home Or Repair It?

While beautiful, Texas is also one of several states prone to very violent natural disasters. From tornados to wildfires, hail storms to hurricanes, natural disasters can severely impact the value of a property. In some cases, property owners may be better off selling their property as-is rather than going through the hassle of making repairs.

With the San Antonio law firm of The Law Office of Jessica Taylor, PLLC, on your side, you can rest assured knowing you will have all the answers you need regarding the sale of your damaged property. I, attorney Jessica Taylor, can help you understand the intricate laws at work and help you decide what options are best for you. I have experience in insurance law, compassion and tenacity that give you the comfort of knowing your case is being handled by a professional who has your best interests at heart.

Disclosure Laws And Selling A Damaged Property

A property damaged by a storm or other natural disaster is not without hope of resale. In fact, there are companies in Texas willing to buy properties "as is," meaning repairs are needed but repairs will not be done prior to the sale of the property.

In Texas, sellers are required by law to disclose any known damage to a dwelling and to deliver the disclosure, in writing, to the buyer before the buyer signs a purchase agreement. Damages that need to be disclosed include, but are not limited to:

  • Roof damage
  • Extensive water damage
  • Mold damage
  • Damage to the foundation of dwelling structure

Because property damage can affect your homeowner's policy, it's important to speak with a qualified insurance law lawyer, such as myself. I can walk you through your policy and review your situation to determine if selling your property really is your best option. Companies that buy damaged homes are looking to make money. I will look out for your best interests.

Repairing A Damaged Property

In some cases, cutting your losses isn't always the best option. Sometimes, making repairs to a home makes more sense. Doing so does not come without risks, however. You will need to make sure all repairs are:

  • Completed by a licensed contractor or professional
  • Permitted by the city
  • Completed up to code
  • Inspected to ensure repairs were done correctly

A failure to do any of these things can result in your insurance company not paying the full amount on your claim or denying it altogether. If repairs are not done properly, you may lose coverage as well.

Get My Honest Advice Today

For nearly 20 years, I have handled insurance matters in Texas, including matters concerning damaged properties. If you have questions or concerns about the sale of your damaged home or property, turn to me for guidance.

To schedule a free initial consultation to discuss your specific situation, contact my San Antonio office by calling 210-265-6759 or send me a message online.