How to sell a house with fire damage

As a homeowner, one of the more difficult situations you can face when putting your home on the market is coping with fire damage. While any damage to your home can put you at a disadvantage, you can still get a fair price when selling your home with fire damage by considering the tips below. 

What to do immediately after a house fire

After encountering a house fire, you should only enter your home after the fire department confirms that it’s safe to re-enter. You’ll also need to inform your cable, water, power, and other utility companies about the incident so they can immediately shut down the service, and you’ll also want to get started with filing your house insurance claims.

After your home is cleared for re-entry, you should photograph/videotape the damage and take detailed notes. Afterward, you should hire a fire restoration contractor to inspect the home, estimate the cost of the damage, and begin the cleanup process. From there, work with your insurance company to continue the claim process and keep pushing through with getting your home back in order.

Getting your home ready for sale

Whether you choose to sell your home as-is or through a standard real estate agent brokered the sale, you’ll likely need to get an idea of your home repair costs. These vary based on a variety of factors such as the extent of the damage, water and fire extinguisher chemical cleanup costs, soot removal, and the extent of smoke damage. Keep in mind that many of these costs can be covered by your insurance company.

Smoke and fire damage can cost close to $3,000 to nearly $35,000 to fix, however, the average fire damage repair bill is nearly $18,000. Larger fires such as those in the kitchen and ones that damage the roof can cost over $50,000 to repair. 

Disclosing the damage to buyers

Once you’ve gotten back on track after your home’s fire, you need to remember that most states require sellers to disclose that a fire occurred to any buyer. Even if your home looks like it’s in pristine condition and you can’t tell anything happened, disclosures are still mandatory.

On that note, you’ll need to keep detailed records of all the repair and restoration work that was done after the fire because the buyers will want to know exactly what changes were made and the quality of the repairs. In fact, many experts recommend keeping track of all repairs and renovations that you make to your home from the first day you move in.

Honesty is the best policy

Although it’s tempting to withhold information about your home’s fire damage because you think doing so will expedite a sale, the truth always has a way of coming out. Selling a home with fire damage can be a challenge due to the extra scrutiny and inspections but that’s just the nature of these sales. If you’re absolutely looking for a quick sale, then you could sell to an all-cash buyer.

Farhan Ali
Author: Farhan Ali

My name is Farhan. I am an author on Ventsmagazine. For any business query contact me & also I sell paid guest posts on my high quality websites you can contact me at: [email protected] http://technewsbusiness.com

About Farhan Ali

My name is Farhan. I am an author on Ventsmagazine. For any business query contact me & also I sell paid guest posts on my high quality websites you can contact me at: [email protected] http://technewsbusiness.com

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