How to Sell a House with Fire Damage
It goes without saying that a fire can be disastrous for a house, and even the smallest amount of fire damage can cause serious problems.
Selling a house with smoke damage or fire damage can also be a challenge, because many buyers don’t want to deal with expensive repairs. But it is possible to sell a house with fire damage; you just have to sell it at the right price with the right real estate agent.
How Bad Is the Damage?
The first thing to determine when trying to sell a house with fire damage is just how much damage there is. Is half the home burned to the ground? Or is the kitchen ceiling just a little scorched from a cooking mishap?
The extent of the damage will also determine whether the home is safe to live in or not. Even if the damage doesn’t look threatening from the outside, if a fire has weakened the internal “bones” of the house, the home could be unsafe if the ceilings or walls give out and collapse.
Before attempting to sell your home, hire a professional to examine the damage and determine whether the home is safe to live in and how much repairs would cost.
Whether to Repair or Sell As Is
When deciding whether to repair the damages yourself first or selling your home as is, it’s important to consider your budget, timeframe, and expectations.
Because the average homebuyer isn’t interested in buying a house with fire damage, you’ll need to do some repairs yourself if you want to earn top dollar for your home. The cost and time it will take to make the repairs will vary depending on the amount of damage, but it will typically cost a couple of thousand dollars and take a few days to a few weeks to fix.
If you’re in a hurry to sell your house or can’t afford to make repairs, you may choose to sell your home as is. You will need to disclose to potential buyers that the home has fire damage, and you’ll likely have to list the house at a lower price to account for that damage. But at the right price, you can still find a buyer who is willing to put in the work to make the repairs themselves.
Selling Your Home for Cash
A third option is to sell your home to a home investment company, such as STL Real Estate, for cash. The first step is to talk to a real estate agent and discuss your situation, then the agent will tour your home and determine a fair price for it. You’ll then receive a cash offer in as little as 24 hours, and the real estate agent will handle all the paperwork for you.
This is a great option for someone who needs to sell their home quickly, especially if that home isn’t in perfect condition. Although you may not get as much money for your home, it’s far more convenient and less stressful than putting your home on the market.
The option you choose for selling your fire-damaged house is up to you and your unique situation. Talk to your local real estate agent to determine which one is the best fit for you, and they’ll help you sell your home in no time.