How to Sell a Fire Damaged House
Do you want to know how to sell a fire damaged house? You can ensure the process goes smoothly and get your home sold as a seller. The cause of the fire doesn’t matter. Whether it was an electrical problem or arson, the steps you need to take are the same.
If you’ve ever experienced a house fire, you know how stressful it is. You have to deal with insurance companies, repair contractors, and the emotional trauma of losing your belongings and relocating to a new home. While selling your home after a fire can be difficult, there are strategies you can use to maximize your profit and get back on your feet. Here’s what you need to know about selling a fire damaged home:
“Within hours after submitting my home information on their site I got a call back and an offer to my house. I ended up selling the house 2 weeks later. Thanks for taking the time to listen to my concerns and guiding me through this stressful time in my life.”
HOW TO PRICE A FIRE DAMAGED HOUSE
If you were to ask a fire damage company, they would tell you that their process is something that they do with ease. This is not the truth. It is a very complicated process, and many things need to be done to ensure that the house will sell.
First, people tend to be put off by houses that have been damaged by fire. This means that there will be fewer potential buyers interested in buying your house than if it hadn’t been damaged at all. Additionally, homeowners who experience fires may also be less likely to want to buy another home. Because they are worried about how safe their current home is or whether they could be injured again in another fire incident. Before you even begin, you need to ensure that the property is safe for habitation. If there is any chance that the house could be unsafe, you should hire a professional inspector to check it out first.
After this step, if everything checks out and your home still seems habitable, you should start thinking about how much money it will take to repair the damage done by the fire. This will help determine what kind of offer price you should put on your house when it comes time for buyers to make offers on it. Now you might be thinking, “Do you have to disclose fire damage when selling a house?”
The most basic answer is “yes”. It’s better to be upfront about the condition than for it to come back and haunt you right when a buyer is ready to place an offer. For example in the state of Florida you are required by law to disclose when selling.
If you own a property in Florida, WeBuyHousesFastNationwide.com has a great quick start guide on selling a fire damaged home in Florida.
Keep reading because there are more considerations below!
“Fantastic Company, they were there to answer my many questions and they work quickly to resolve some lien issues that came up before closing. I will continue to use them in the future and also refer my friends and family to them.“
5 EASY STEPS TO SELLING A FIRE DAMAGED PROPERTY
1. ASSESS THE DAMAGE
Selling property after a fire can be tricky. The first thing to consider is the damage and how much it affects the home’s value. Then, you’ll need to decide what kind of repairs you’re going to make and how much they will cost.
If your home was damaged by fire but still has a solid foundation and structure, it’s probably best to sell it. You can fix up the interior yourself and put the money you save by not having to pay for professional repairs towards upgrading other areas of your home instead. If there are large holes in the roof or smoke damage has left the interior uninhabitable, you’ll want to determine if it’s worth salvaging. If it isn’t, you may have no choice but to sell the property for whatever value it can bring.
2. GET AN INSPECTION
Before putting a fire-damaged house on the market, make sure it’s in good enough condition to sell. You don’t want to be stuck with it after taking your buyer’s deposit! Suppose there’s no structural damage and everything inside appears intact (even if it smells like smoke). In that case, you’ll need to inspect the electrical system by an electrician before listing your house for sale. Electrical systems are often overlooked for fire damage because they’re hidden behind walls, but they can cause serious problems if not fully inspected right away.
3. GET AN APPRAISAL
Most homeowners insurance policies cover fire damage, but not all policies cover the full amount of damage done to your home — especially if you don’t have enough coverage on your policy. To determine what your house is worth and how to price a fire damaged house, hire an independent appraiser to help you figure out how much money you’ll get from the insurance company and any additional expenses needed before the sale.
This information can help guide your decisions about how much money to ask for in return for the property and discover other ways of using the space, like renting it out besides selling it.
4. TAKE PHOTOS
Selling a house damaged by a fire is a process that will require careful consideration and planning. The best way to market a fire-damaged house is through photos, so take plenty of high-quality ones that show off your property’s features—including any repairs made since the fire occurred.
If you decide to try selling your home as-is, you’ll need to make sure that any structural damage is visible in all photos of your property. You should also make sure that any damaged appliances or mechanical systems aren’t visible in photos or videos of the inside of your home—this goes double if they’re still functional!
5. DON’T RUSH YOUR DECISION
If a fire has damaged your home, it’s natural to want to put the whole thing behind you as quickly as possible. However, rushing into a sale could leave you with less money than if you had spent some time making sure it was done right. Whether you want to sell the house as-is instead of making repairs, or decide that you can do some of the work yourself instead of hiring contractors, take your time weighing the options before making the final decision.
Before making the sale ensure that all parties involved understand what is expected from them before signing any contracts or agreements.
“I honestly never thought that selling a fire damaged house would’ve been so easy, fast and stress free..”
WHO BUYS FIRE DAMAGED HOMES
Working with a cash buyer or a company that buys houses for cash is arguably the quickest and best way to sell a fire damaged house. These types of buyers have a lot of experience buying and fixing up distress properties that are beyond repair for the average person.
Next, you will need to find a qualified cash home buyer. Start by doing a quick Google search for something like “cash house buyers near me” or “we buy houses for cash near me”. These homebuyers can typically close escrow very quickly within 10 to 30 days and without any inspection contingencies.
SELL MY FIRE DAMAGED HOUSE IN COLORADO
If you are looking to sell your fire damaged house in Colorado, we buy fire damaged houses and we are here to assist you by making you a cash offer. We are direct home buyers and we are ready to buy your home from you.
That means that you sell the house directly to us regardless of how badly damaged it is from the fire.
If you wanna see exactly what we can pay for your fire damaged house, just fill out the short form below.
We Buy Houses All Over Colorado
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“I had an excellent experience, and recommend any person that needs to sell, to call them. I have no complaints. Everything I was told it was going to happened, it happened. Exact date, like I was told. Thank you!”
“I wanted to take the time to thank you and your team very much for the purchase of my mother’s home. You guys kept things simple and to the point, and closed in a short period of time, which made my mother feel at ease with the whole situation. Thank you again for all your hard work and making everything come together quickly!”
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