How to Sell Fire Damaged House

An accidental house fire could start at any moment and spread fast in seconds, which can decimate a home within minutes. This could leave you in a hard situation with nowhere to go. At Buying Property 215, we have seen it all, from cooking-related heating appliances to even an electric fire. Thinking if you want to sell fire damaged house is not first on your mind. Instead, you would consider fixing that fire-damaged home if a fire puts a few rooms in a bad situation. That smell seeps deep into the foundation of that home, which becomes more troubling when trying to make those cosmetic house repairs, which essentially leads to the fire-damaged house for sale. {How To Sell A Fire Damaged House | Sell Fire Damaged House | Fire Damage Home}

Issues Experienced with a Fire-Damaged Property

Homeowners who have experienced a fire in their property face several issues, including:

• The expensive cost of house repairs or rebuilding the home.
• The loss of personal items and belongings.
• The overall emotional pain due to the trauma caused by the fire.
• The dilemma of locating temporary housing while the house is being repaired.
• The stress and issues caused by insurance companies and unreliable contractors.
• A strong possibility of mold growth in the property due to water damage from putting out the fire and poor ventilation.
• The case of health problems caused by exposure to smoke and soot.

If you have experienced a fire on your property, seeking help from professionals who can assist you with your challenges is vital. This may include an insurance claims adjuster, a contractor, a mental health professional, or a support group.

Time for You to Want to Sell a Fire Damaged House

After the dust clears up, life starts to settle down after a horrifying event. We then begin to question what the next step is if selling comes to mind when you’re in the right place! I’m happy you found us because we have previously specialized with a few fire-damaged homes. If you’re stuck in this circumstance, someone from our team will meet with you to access the house. We will not ask you to enter the home if there is too much pain or suffering. Please be honest and let us know; we fully understand!

We’re experts at finding our way around properties with fire damage. After we get inside & assess how much damage occurred to the property, we can work on a fair cash offer for the home. If you like our offer, we will take that property off your hands!

Questions You May Have About Fire-Damaged Homes

There must be a lot of questions running through your mind right now after visiting this page. The first question is, do I want to sell my home? Well, you’re in the right place for those questions to be answered about your fire damaged home.

The second thought that comes to mind would be someone willing to purchase my home in this current condition. The answer is yes, and we don’t mind purchasing in a lousy overall condition. Fortunately, 90% of the homes we buy are in rough shape, so we’re experienced home investors who can guide any situation.

So, what happens after we close on the property? We begin our process, which requires tons of work on our end. If the property is in an unstable condition, we will get a make-safe permit, allowing us to start work on the property as soon as we get all of our work permits pulled with the city. First, you must focus on the area with the most fire damage, remove that section of the house, and start brand new. Then, you can focus on the rest of the work done on the property. The process can be extremely overwhelming. Contact us if you want to sell a house fast if that becomes the case.

Tips for Dealing with a Fire-Damaged Property

1. Be honest about the extent of the property damages. Make sure potential buyers know the extent of the damage, for they know how to price a fire-damaged house when submitting their offer.
2. Get multiple estimates for repairs. This will help sellers decide if the cost of the repairs is worth completing and whether they are willing to take on the project or sell to a qualified buyer.
3. Hire a real estate agent who specializes in fire-damaged properties. This agent will have experience working with eligible buyers interested in these properties and can help you get an adequate price for your home. If you’re searching for a fast closing on your home, consider selling your fire-damaged property directly to a home investor!

Here are some additional tips:

• Before showing it to potential buyers, ensure the house is safe with no structural damage.
• Have a professional demolition crew clean up any smoke damage and clear the air duct throughout the property.
• Get necessary permits and approvals before repairing fire damage.
• Be patient. Selling a fire-damaged house may take longer than a typical home unless you contact a real estate investor such as Buying Property 215.

Our Process of Purchasing Homes with Fire-Damage

We understand that selling a property can be complicated and overwhelming, let alone attempting to sell a home with fire damage or structural issues. The approach to selling fire-damaged property is very similar to the regular procedure! We will discuss a sales price once the insurance company and fire department handle the situation. Our company does not need to step foot in these properties during the selling process; we will access the numbers by similar sold comps in the area.

After a sales price is agreed upon, we will complete a two-page sale agreement. We will forward the sales agreement to a reputable title company to conduct the title search.

The title search is when the title company clears any existing mortgages, liens, and utility bills to transfer the property’s deed. The title search is typically completed within three weeks of our contract date, and the title company will set a closing date best suited for the seller.

Closing on a Home that Experienced a Fire

At closing, the title company will finalize the paperwork, releasing the funds by paper check or wire transfer directly to the seller’s bank! We will bring in local contractors to satisfy any required repairs; after the renovations and home upgrades are finished, we will rent the property to a family or list the property on the market for a potential buyer to purchase! We provide the option to close within three weeks or as long as a few months, giving the seller the best return on investment.