Selling vs. Restoring

Should you sell or repair your property after fire damage? Understand the facts of selling vs. restoring fire damaged homes to decide your best option.

What’s the best choice for you?

We will never tell you if restoring or selling your house after a fire is a better choice. Every scenario is different, and we always respect the client’s decision to restore fire damaged homes instead of selling them “as-is”.

Most of the time, our clients put their fire damaged homes for sale for the following reasons:

REASONS TO SELL

REASON #1

Health Concerns

A fire damaged home still has toxic materials that can cause sickness.

REASON #2

Time Constraints

Restoring a house is time-consuming and can take months. Selling the fire damaged house can be easier than living in a construction zone or being displaced for a long period of time.

REASON #3

General Expenses

Selling your house after a fire is much cheaper than the expensive repairs and cleaning costs associated with home restoration. Hiring a general contractor is costly and comes with mandatory inspections and construction permits, not to mention possible fines and delays.

REASON #4

Low-Value Lots

Holding onto the fire damaged property and paying property taxes is not a good plan if the lot is not expected to increase in value. Selling your home after a fire also means you don’t need liability insurance in case someone hurts themselves on your vacant lot. We want to take the stress out of selling your home after a fire. Please call 1-800-267-2360 to learn more about buying a house with fire damage from you using fast cash.

REASON #5

Insurance Settlement

Clients can pay off their loan balance with their insurance settlements and then sell their burnt houses. Insurance companies are willing to payout settlements based on construction costs, the contents of the fire damaged home, and for general inconvenience. Clients often combine their insurance settlements with our cash offers to finance new homes.

REASON #6

Emotional Distress

It’s not uncommon for individuals to feel uncomfortable returning to a fire damaged home even after a full restoration. We have even heard of people still smelling smoke and fire after returning to their restored home, though whether this is psychosomatic or a heightened sense of smell remains unclear.

REASON #7

Tough Market

Most people don’t want to buy a fire damaged home for sale. Even if the fire damaged property has been fully restored, most states still force the seller to disclose the property’s history of fires to any prospective buyers.

REASON #8

A Clean Slate

Some people simply want to avoid dealing with city inspectors, contractors, insurance claim adjustors, real estate agents and other parties who may not have their best interest in mind when restoring their fire damaged property. They would rather get the cash for their burned down house for sale quickly and move on.

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