Storm Damaged Homes on LBI New Jersey

Buying Storm Damaged Homes on Long Beach Island

In the LBI real estate market, homes are for sale that have been damaged by Hurricane Sandy. At this time, there are a few options for buying these storm damaged homes.

They are: 

• A home that needs to be demolished and is land value only.
• A home that can be repaired, but sustained substantial damage.
• A home that was for sale, and the sellers will consider a lower offer due to their insurance payouts.

Storm damaged homes can represent an incredible value since the seller is usually motivated and the property is being sold for land value. These factors can create an ideal building opportunity for new construction.