Hire a fire and water restoration specialist.
Hire a fire and water restoration specialist to resolve any water and smoke damage, soot removal and cleanup. First, you’ll need to address any water damage that occurred from extinguishing the fire. That can run between $1,000 to $3,900. Next, you’ll need a professional to remove any soot, which can infiltrate drapery, carpets and even walls, creating further damage. You’ll also need your air ducts and air conditioning filters cleaned to ensure soot doesn’t resurface later. This process can cost from $2,000 to $6,000. Other line items that can run up the bill include smoke damage restoration (up to $1,000), furniture deodorizing costs (up to $1,000), and ozone smoke removal (roughly $500). When all is said and done, you might expect to pay more than $16,463 for a full repair, based on national averages.
Hire a licensed home inspector.
Once the house is deemed safe, hire a licensed home inspector to assess the extent of the remaining damage. You can then take this list and get different bids for the repairs, in order to find the best price. Once you know the total cost, assess whether it’s worth it to make the repairs or if you’re better off selling the house “as is.” If the repair cost exceeds 2 percent of the property’s value, selling “as is” might be your best bet. If the damage is that costly, it’s unlikely you’ll recoup the cost of repair in the sale of your property.
Sell your home “as is” and disclose any fire damage.
Selling your home “as is” means that what the buyer sees is what they get. When you list your property, make sure to disclose any property damage from the fire. Every state has different laws, but sellers are typically obligated to disclose any facts or conditions they know about that may impact the material value of the property. Listing a property “as is” may impact the amount of prospective buyers you get and the amount they’re willing to pay. However, fully disclosing fire damage in writing may also help prevent issues at closing or — more importantly — future lawsuits.
Skip the hassle and choose Meridian Trust.
Selling your house after a fire can be extremely difficult. You have to figure out how much to say in your listing, deal with inspections, showings, and deals that fall through. That can be very stressful, especially after the ordeal you’ve already faced. Thankfully, there’s a better, more efficient way to sell your house after a fire. Meridian Trust is a professional home investment company that pays cash for properties “as is” in Florida, Georgia and Texas. Homeowners who sell to us don’t have to make any updates or repairs. Skip the inspections, closing costs and brokerage commissions that come with listing your property on the market. Home sellers also receive payment as fast as 10 to 14 days from receipt of their signed contract.
It doesn’t have to be stressful to sell your house after a fire. Give us a call for a free, no-obligation cash offer: (954) 807-9087.
Note: This guide is for informational purposes only. Meridian Trust does not make any guarantees about the sufficiency of the content in or linked to from this blog post or that it is compliant with current law. The content within this blog post is not a substitute for legal advice or legal services. You should not rely on this information for any purpose without consulting a licensed lawyer in your area.
