Cornerstone Homebuyers has announced the expansion of its "Sell Water Damaged House" service to cover all four major regions of Florida. This move aims to provide immediate cash offers for single-family homes impacted by various forms of water damage, including flooding and hurricane-related issues, irrespective of their repair status or insurance coverage.
Key Takeaways
- Cornerstone Homebuyers now offers cash for water-damaged homes throughout Florida.
- The expansion addresses the significant need for solutions following numerous flood and hurricane events in the state.
- The company buys houses in any condition, including those with mold, structural damage, or insurance claim complications.
Addressing Florida’s Water Damage Crisis
Florida homeowners are increasingly facing severe water damage challenges, exacerbated by frequent hurricanes and heavy rainfall. In 2024 alone, the state recorded over 46,000 flood damage claims totaling more than $169 million, the highest in the nation. Recent hurricanes Helene and Milton contributed an estimated $100 billion in damages, with water damage being a significant component. Nationally, water damage and freezing account for over 22% of all home insurance claims.
Cornerstone Homebuyers, with 16 years of experience, specializes in purchasing homes for cash across South, Central, Southwest, and North Florida. They purchase properties affected by hurricane flooding, storm surge, heavy rains, plumbing failures, and roof leaks. The company emphasizes that many water-damaged homes struggle to qualify for traditional financing, leaving homeowners with limited selling options.
Solutions for Damaged Properties
Water damage can lead to rapid mold growth, structural compromise, and extensive repair needs, often costing tens of thousands of dollars. Properties with a history of flooding can see their value decrease by 20-30%. Cornerstone Homebuyers steps in to offer a streamlined solution, purchasing homes with issues such as mold, structural damage from flooding, and those requiring complete remediation. They also handle properties with insurance claim complications, those in FEMA flood zones, or homes with a history of repetitive flood loss.
Fast Cash Offers for Homeowners
"When homeowners need to sell their house fast after water damage, timing becomes critical before additional deterioration occurs," stated Ellie Verdura, Founder and CEO of Cornerstone Homebuyers. The company provides cash offers within 24 hours, allowing homeowners to sell their property "as is" without the burden of costly repairs, mold remediation, or structural restoration. Their expertise includes properties deemed substantial losses by insurance companies or those requiring complete interior reconstruction.
Brand Clarity Amidst Confusion
Cornerstone Homebuyers also clarified its brand identity to distinguish itself from similarly named companies, such as mortgage lenders or out-of-state home buyers. The Miami-based company, founded in 2009, operates exclusively within Florida, buying houses for cash and offering alternatives to traditional real estate transactions. They have completed over 500 transactions and maintain an A+ rating with the Better Business Bureau. Unlike mortgage lenders, Cornerstone Homebuyers purchases properties directly with cash, eliminating financing contingencies and lengthy approval processes. They serve homeowners facing various challenging situations, including foreclosure, relocation, divorce, or properties in need of extensive repairs.
Sources
- Cornerstone Homebuyers Expands "Sell Water Damaged House" Service Throughout Florida, Observer and Eccentric Newspapers.
- Cornerstone Homebuyers Distinguishes Florida Cash Home Buyer Services From Similar-Named Companies, The Topeka Capital-Journal.