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Updated 10 months ago,

User Stats

42
Posts
13
Votes
Jess Archives
  • Rental Property Investor
13
Votes |
42
Posts

Selling at Discount Due to Insurance Cancellation (Or Advice Needed?)

Jess Archives
  • Rental Property Investor
Posted

Hi all, 

My insurance company sent me an email last night saying they are cancelling my policy on 5/7 mainly due to shingle/roof damage, debris on premise, and miscellaneous maintenance issues.

My insurer has mentioned that insurance has become a stricter process. I am not aware of any changes to the property. Everything should still be the same as before.

I'm not looking for exclusive representation yet. I do want to sell a house at discount. The location is 66104.

Tenant is in place until September. They have paid rent at $1100 every month.

I don't want to deal with fixing this.

Does anyone have advice for me? Or know anyone that can purchase in cash quickly? DM if the latter question applies to you for more details.

The property on Zillow is priced off-market around ~$128k with Rent Zestimate at $1125. I'd be willing to let it go at ~$115k.

Thanks in advance,

Jess

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