Selling your Fire-Damaged Home? These Tips can Guide You

Fire can cause significant damage to homes. Apart from being a horrific thing to experience, it can cause damage that cost homeowners thousands of dollars. The damage a home can have after a hire can make it difficult to sell it. Luckily, home insurance usually covers the majority of the costs from the damage. However, homeowners are still left with damage that must be repaired. The repair cost is usually the main reason why homeowners decide to sell their homes.

If you have decided to sell my fire damaged house, the tips below can help you make the most out of the sale:

Think about Restoration Services

If you have called your insurance company due to the fire, try to ask your agent if they know a restoration company to help you restore your home. During such time, you also have to start cleaning up any water damage that resulted from the fight with the fire. Leaving the water damaged unattended will lead to the development of mold which is a major turn off for buyers.

Separate Damaged and Non-Damaged Items

Your insurance company may ask you to make a detailed inventory list of the items that have been damaged by the fire. Your list should include things like the make, model, purchase, and the serial number of the item, how you paid it, and a description of the item.  Make sure to separate the items that haven’t been damaged from the damaged ones. Move them to a safe location such as a storage unit or garage to keep them secure.

Have a Property Inspection Done

Once the fire team has left, have your home inspected by a professional. A professional inspection will help you get an estimate of all the damages. Sometimes, only professionals can discover some hidden damages. After knowing the extent of the damage, you may choose to spend money on repairs or sell your property as-is.

Look for a Buyer

The majority of buyers won’t consider a damaged house. But, your best bet is to look for a real estate investment company to sell your house to. A lot of real estate investors are searching for fire-damaged homes and fix them up to resell or rent them. Just ensure to choose a company that offers a fair cash price and will purchase your home in its current condition.  You don’t have to make any repairs if you sell your home to a real estate investment company.

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