New Strategy to Sell Flood Damaged Homes
Hundreds of local residents have been dealing with flood cleanup in Northwest Louisiana for months. That process has now started for thousands in South Louisiana.
But there's a change in strategy for some. Some victims are selling their flood damaged homes to investors as is. Baton Rouge area realtor Ginger Maulden says the category “Currently Damaged” is being used to help flood victims track and sell their homes. She says the listing will be especially helpful to investors.
Maulden says several homes in this category have already sold, and all of them were cash buys from investors. She says they expect the number of homes in the listing group to continue to grow.
Maulden says she believes this category will be useful for at least another year or two. She says there are a lot of flood victims who still don’t know what they’re going to do with their flood damaged homes.