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Updated almost 4 years ago on . Most recent reply
Damaged home due to the freeze and pipes, sell?
Houston here, I have a house that is built in 76 and has about 18-28k of damages. Har says the home is worth 170k, should I sell and get something newer?
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Nathan Gesner
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- Cody, WY
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Need more information. It has $28,000 worth of damage and is worth $170,000. How much do you owe? If you owe $150,000 then my answer might be different than if you owed $62,000. And if you sell it, what will you do with the proceeds? Could you buy a better investment and get a better return?
Why will it cost you $28,000 to renovate? Doesn't this qualify for an insurance claim?
- Nathan Gesner
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