Buying Santa Rosa lots to build on after fire

[Kristy F.]

Hello, I'm considering purchasing an empty lot in Coffey Park neighborhood of Santa Rosa that burned down in the Tubbs Fire. I have a contractor willing to do it for a low price since he is building three other houses in the same area.

My concern is, after I build this house in a year, will it be able to sell for a good price? The entire neighborhood burned down. Will buyers want to buy this house in a neighborhood of wasteland assuming not everyone will be rebuilding? 

Also, if many people are rebuilding now, they will likely finish around the same time as me. Will there be a flood of new houses on the Santa Rosa market early next year that drives down the price? It seems like a good opportunity but I'm a bit nervous because my profit margin may be slim.