The Argument
A cash buyer earns the gap between what a damaged property costs to acquire and repair and what it is worth finished. That gap is our whole business and it exists because most owners cannot or will not do the work themselves.
Kentucky's assessment moratorium narrows that gap from your side. An owner who applies before starting, repairs the house and holds five years of deferred assessment is capturing value that a buyer cannot capture on their behalf and cannot pay you for in advance. The full position is on our page covering the moratorium and the lien.
So in this city the honest answer is that the case for selling to somebody like us is weaker than it is in most of the markets we work in, and we would rather write that down than have you work it out afterwards.
When the Argument Does Not Apply
It stops applying in specific, identifiable situations, and those are the files we actually want.
The frame did not survive. Then there is no repair, only a rebuild, and the arithmetic that makes keeping attractive disappears.
The work already started. If the pre-improvement assessment is gone, so is the advantage, and everyone is back to ordinary numbers.
The house is under twenty-five years old. Outside the statutory definition of an existing residential building, so outside the programme.
You are not in a position to run a rehabilitation. Out of state, administering an estate, working full time, or simply unwilling to spend a year on it. This is the commonest one by a distance, and it is not a failure of nerve. Certainty has a value that never appears in anybody's arithmetic.
What That Means for How We Behave
Mostly that we say no early and say why. A file where you would be better off keeping the house is a file we cannot win at a price you should accept, and discovering that in week four costs us more than saying it in week one.
It also means we would rather you asked Metro about the moratorium before talking to us than after. That advice loses us deals and it is still the correct advice, which is a reasonable test of whether anything else on this page is worth believing.
The Things You Should Not Take From Us
Our reading of your eligibility. Metro's permitting department and the Jefferson County Property Valuation Administrator run the programme and the answer is theirs.
Our view of what your house is worth finished. Take that from recent sales on your own street or from somebody with no interest in the outcome.
Our assessment of what survived. Take that from a structural engineer, whose job is to say what is there rather than to quote work or to buy a building.
Our characterisation of anything you are asked to sign, including by us.
What You Can Reasonably Take From Us
A written figure with the reasoning visible, and a plain account of anything we found recorded against the property at the County Clerk, whether or not you sell to us. That costs us nothing and you should not have to buy it from anyone.
The Ordinary Disclosures
We buy as principal, in our own entity, with our own funds, and we take title. We do not assign contracts to third parties. Nothing is charged to you at any stage, including if you decline.
We are not brokers, not public adjusters, not contractors and not lawyers, and on a question with a constitutional provision behind it that distinction matters more than usual.
We buy fire-damaged residential property across Louisville, Jefferson County and southern Indiana, in any condition, including property with liens already recorded against it. Beyond this metro we would be the wrong buyer.
Where to Start
Call Metro about the moratorium before anybody starts work. Then read the order of the two applications on our page about how the process actually runs, and the sorting question on our page about how to tell local cash buyers apart.
Then, if a sale still looks like the right answer, send us an address.