How to Sell a House After Fire Damage

3/15/2022 (Permalink)

Even if the fire causes minor cosmetic damages, it may still deter your efforts when it comes to selling the house.

House fires can be a traumatic experience for homeowners, especially those planning to put the property on the market. The National Fire Protection Association reports 350,000 - 400,000 house fires annually, resulting in approximately 8 billion dollars in damages in the United States.

Fire-ravaged homes are no longer fit for accommodation. So, you can't move in, and the chances are that no one's willing to buy the property in a fire-damaged condition. But there are ways around this dilemma. 

Here are our top tips for how to sell a house after fire damage. 

Selling Fire-Damaged home: Reliable Approaches

Even if the fire causes minor cosmetic damages, it may still deter your efforts when it comes to selling the house.

If you want to make a quick sale, or if the time and cost of fixing the fire damage surpass your budget, it's good to sell as-is and not make any attempt to repair the damage — with one caveat. 

If you choose this route, the offers may be lower, contingent on the extent of the destruction caused. 

So why not get the home fixed first? This way, you can be sure to sell the property for top dollar. A home in good condition is desirable to a much larger pool of buyers. 

Take these steps to sell a fire-damaged property quickly.  

Connect with an experienced realtor

Based on the severity of the fire damage, an experienced realtor can alleviate a lot of your stress. They can help you with many aspects of marketing your fire-damaged property to the right pool of motivated buyers. 

Moreover, a realtor will manage the negotiations. It is vital to have backup reinforcements, especially for sellers who feel they’re unable to negotiate effectively compared to experienced home buyers.

Sell to cash buyers

Usually, all cash buyers visit the property and make an offer soon after viewing. Depending on how hot your local real estate market is, they may not even view the property at all. That way, you can close the deal in a few weeks and the fire damage won’t be as much of an issue preventing you from getting to the closing table. 

Ready to Sell Your Fire Damaged House The EASY Way?

The bottom line is that selling a property after fire damage can be troublesome and demand adequate effort and time. But it’s still possible to sell a fire-damaged home with the right steps and professionals at your side. 

If you’re trying to sell your home quickly after a fire, we can help. 

At SERVPRO of Richardson, we aim to help you restore your home or business property to its pre-fire condition. As a leading Richardson Fire Damage Restoration, our professionals have the experience, knowledge, and tools to clean up smoke and fire damage.

Give us a call at (972) 690-1414 to explore your options, and let us help you sell your fire-damaged house as fast as possible and for top dollar.