HomeValue.us.org Reassessing Property Valuations In Wake Of Hurricane Sandy

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Damages and insurance costs alter property values since the deadly storm.

HomeValue.us.org

HomeValue.us.org

It was nearly impossible to reassess the homes immediately after the storm, but that they have better information to work with now.

HomeValue.us.org is in the middle of reassessing the value of homes along the East Coast to take into account the effects of Hurricane Sandy, company officials said.

“Our information is showing that the value of properties along the East Coast has changed greatly over the past six months,” said company spokesman Josh Fraser. “Many of those new valuations are just becoming available as people see increased insurance costs and repair expenses, which change how much people are willing to pay for a home in those areas.”

Fraser said that it was nearly impossible to reassess the homes immediately after the storm, but that they have better information to work with now.

“That kind of storm is a unique event in the property value arena,” Fraser said. “It changes the willingness of people to buy homes in potentially vulnerable areas. This created a whole new series of factors we had to consider before we could update our database to reflect home values as accurately as possible.”

The new home values are currently being updated to the company's database, Fraser said.

“We hope to have the entire process completed by the end of February,” Fraser said. “We've had to bring additional staff on board to get it done, but it's worth it. People have the right to know just how much their property values have changed since the storm hit.”

About HomeValue.us.org:

Look up the value of any home on HomeValue.us.org and learn more information like neighborhood safety, school systems, residential foreclosures, sex offender locations and more. HomeValue.us.org provides an easy and cheap solution to find out property values and other important home owner records online. Contact the company's customer service department at 1-866-434-4253.

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