It seems you are in a situation many people are in, post hurricanes. It does seem damaged homes can find a Buyer, as long as, it's priced right. It also depends upon the level of damage. I've seen investors completely gut the inside of homes and begin again because they were able to pick up the property at a fair price and the location is great. We would look at the sale value of the homes in the area. Can someone buy the damaged property and flip it after renovating and get close to the current sales? Hopefully so for your sake. Also in target areas in New Orleans there are Financing Programs available to help Buyers with homes that have been repaired and up for sale to revitalize those hard hit areas, such as but not limited to, Lakeview, New Orleans East, 9th Ward, and other areas. We are talking about up to $10,000.00 in closing costs and up to $65,000.00 in Soft Second Mortgages. There are also other programs, such as 203K Renovation Loans available to help renovate damaged homes.
If you would like to learn more please call me at 504-722-8815 or email me at email@example.com