A kitchen grease fire caused significant damage to a 3-bedroom home in Kalamazoo. The kitchen was destroyed, with smoke damage throughout the main floor. The homeowner's insurance company paid out $52,000 for the claim. Rather than managing a 3-4 month rebuild while living elsewhere, the owner decided to take the insurance settlement and sell the damaged property as-is.
Evaluated the fire and smoke damage. Made a fair cash offer based on the home's post-fire as-is condition. The seller kept both their insurance payout and our cash offer — walking away with significantly more than if they'd repaired and sold traditionally. Close in 9 days.
9-day close. Insurance settlement kept by seller. No rebuild management. Moved into new home immediately.
Taking the insurance payout and selling as-is can be financially smarter than rebuilding. The rebuild timeline (3-4 months) plus holding costs often erode the net gain. Selling as-is to a cash buyer lets you keep the settlement and move on immediately.
Fair cash offer in 24 hours. Close in as little as 7 days.
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