Do you want to sell an uninsured house in Christchurch?

Are you one of the many homeowners stuck with an ‘uninsured’ property in Christchurch? Since the earthquake, a number of residents of the city have been faced with a situation whereby they have not received enough insurance to cover repairs to their property, and yet are still being required to pay mortgages on that property. For many people in this situation, it is an issue of simply not having the money to go on living in Christchurch and having to support and uninhabitable property. If you are ready to sell your uninsured house, then there are now people willing to buy it and turn it into a brand-new home.

Uninsured properties in Christchurch

Since the earthquake, many homeowners have found themselves unable to get the necessary insurance on their homes. This could be for two reasons: firstly, they may be living in an area which has now been declared unsuitable for building work by the Christchurch government, or secondly they may be refused insurance because the cost of compensation is simply too high. The problem with this is that many people are forced to sell their uninsured house in CHCH, and buyers have not been available to make the investment required to get the property back to a habitable status. If you have found yourself unable to make the repairs necessary, and have therefore been forced to keep the property even though you wish to sell it, then there is now an option to get out of paying twice to live in Christchurch.

Development companies changing homes

The big secret to the change in Christchurch's residential problems is that there are a number of development companies who wish to buy the uninsured home and land of residents. They've been able to find a way to repair these properties, so that they are habitable again and can be insured. While the companies are often not willing to buy the house at residential prices, they can offer a good deal on the land, and selling the home will help you to escape your mortgage payments. This means that it is a good investment for anyone willing to sell their home for less than they paid for it. In the current market, selling to developers can be the way to get out from under the shadow of the Christchurch earthquake, and start again.

Here the author, Rory McCabe, writes this content about “Sell Uninsured House” for more information visit damagedhouses.co.nz/. Or if you have any query about services, feel free to Call Us on 03 364 8119.