First, you’ll need to get an accurate, full picture of the extent of the damage. If there is major fire damage, before you enter your home you may need permission from your local fire department. You should also contact your utility provider to let them know about the fire and then call your homeowner’s insurance company to start claims.
Next, be sure to document the damage through video, photos, and complete notes. You’ll want to share the information with a fire restoration expert if needed to begin the process of cleanup needed to sell your fire-damaged property. You can do a little bit on your own — open the windows to eliminate smoke, clean hard services — but you’ll likely need some help when it comes down to selling your fire damaged house fast for cash,
Selling a Fire Damaged Property
Fire damage doesn’t mean you can’t successfully sell your home. Before you put it on the market, restoring it to its previous state should be your No. 1 priority. After assessing the damage officially through your homeowner’s insurance agent, start to address the damage as well. There may be smoke damage throughout the home, such as stains on walls and floors, and can impact your HVAC system and areas such as the roof.
1. Keep the Price As Low As Possible
The first thing that you should consider doing when selling a damaged house is to offer a reasonable price. Setting a price may not be easy for some people since you want to make a profit, but you are also aware that not many people would want to invest in damaged property. In order to determine the right price, you should put yourself in the buyers’ shoes. You should consider what any buyer looks for in a house, the cost of the repairs, and how they would value the property. This will make it easy for you to determine a price that the buyer will find reasonable.
2. Work with a local real estate investment firm
Damaged property isn’t easily sold, and who knows how long it will stay on the market. So, instead of putting your property on the market and waiting until the right buyer comes along, you should consider offering the property to a home-buying company. It doesn’t matter how damaged the house is, even if it is damaged by a fire, you can find a company that is willing to buy damaged properties for sale and will pay in cash. The way these companies work is that you contact them and schedule a free valuation. They will send you an expert who will value the house and offer you a fair price on the spot. The great thing about these companies is that you won’t have to do any repairs or wait for weeks to find a buyer. If you agree to the price the company offers you, the deal can be closed in a matter of days.
If you would like to learn more on how to sell a house after its been fire damaged please visit We Buy Houses Fast Nationwide's resource guide.