Cornerstone Homebuyers Expands Fire-Damaged Property Cash Purchase Service in Florida

Cornerstone Homebuyers, a Miami-based real estate consultant and property investment company established in 2009, has expanded its specialized service for purchasing fire-damaged properties across Florida's four major regions. The service targets homeowners facing challenges selling houses affected by fire, smoke, water from firefighting efforts, and related structural or code compliance issues. This expansion addresses a critical segment of the Florida property market where traditional buyers often avoid homes with fire-related damage due to repair costs and legal complexities. Nationally, residential fires cause significant property loss, with an estimated 358,500 fires annually in the U.S. and $11.1 billion in damages, according to the National Fire Protection Association. The leading causes include cooking-related incidents, heating equipment, unintentional causes, and electrical malfunctions, with electrical fires rising in severity and cost over the past decade. Florida homeowners with fire-damaged properties face compounded issues such as insurance claim challenges, costly restoration that can average $27,175, compliance with building codes, and disclosure obligations. Cornerstone Homebuyers offers cash purchases without repair or code compliance prerequisites, potentially closing transactions within 7 to 21 days. This speed and convenience aim to reduce the burden of managing repairs, insurance claims, and maintaining damaged properties. The service is designed to manage various fire aftermath realities, such as smoke contamination penetrating HVAC systems and insulation, structural damages, and code violations triggered by fire. The company considers all fire damage levels and insurance settlement status when formulating purchase offers. This model is especially relevant for homeowners handling probate cases, displaced residents, or those with properties where insurance limits fall short of restoration costs. The offering integrates with Cornerstone Homebuyers’ broader purchasing portfolio, which includes properties with code violations and those requiring extensive repairs. Since inception, the company has completed over 500 transactions in Florida and holds an A+ rating from the Better Business Bureau. Their approach eliminates traditional sale obstacles for fire-damaged properties by covering seller closing costs and collaborating with state-licensed title companies. Florida's real estate and insurance markets may observe increased liquidity for fire-affected properties as this service reduces time on market and mitigates repair-related financial risk through swift cash transactions. This development addresses emerging consumer needs and adds a new layer of operational flexibility for insurance and real estate professionals managing fire loss scenarios.