When a house catches fire, it can create stressful situations. What comes to mind is the safety of every individual living inside the home and in the surrounding area. Once the flames vanish, there is yet so much to face. The damages caused to the lives, property, and other possessions can be devastating. The aftereffects of fire can be devastating, but you need to move on. This article will help you in such a situation. Do you want to know how easy is Selling a house in current era? then, read this article.
1)The first thing you can do is contact the insurance company
See if the house owner’s insurance covers the repairs and restoration. Apart from the damage by fire, other things like water damage that is caused while trying to put off the fire, and damage from smoke must also be addressed. If they are not handled properly, it can create more problems. Contact the insurance company and file a claim without delay. There are a few things that your insurance agent might assist you with like finding a place to stay temporarily, helping you with clothing, food, etc. It can be a great source of help while trying to sell your house.
2)Give a second thought to whether to sell the house or make the repairs
If the damage caused by fire is minimal or non-structural, and if you have the means to repair and the time to do so, then you can go with the option to repair your home. Once the repair is done, you can sell for the best market price. Little things like clean up and fresh paint, new curtains are truly worth your investment. If the repairs are extensive, you must also calculate the fee for the contracts. The cause of the fire must be addressed, the source of the fire must be identified and the problem must be fixed and see to it that it will not repeat. It must be disclosed to the potential buyers.
3) Look for a buyer
This may sound like a difficult job, but you don’t have to be anxious. Many buyers out there are willing to purchase. But you must disclose all the facts related to the fire damage that occurred. Do not try to hide it from them. Keep the documents along with you as the Police reports, insurance claims, inspection results, and even the repair estimation and all the receipts related to the property. Fixer-upper projects are popular, but you need some patience as it might take some time for selling off the fire-damaged property. If you are selling a fire-damaged house on a traditional retail market, there are possibilities that you will have to accept the deal for less. You can sell the house if you don’t have the funds for repairing it.
Selling off your house may not be easy, as it can be a very emotional and difficult moment in a normal situation. But, if your house has been damaged by fire, it can be heartbreaking as it may take some time to come out of such a traumatic experience. But, you can still sell off your damaged property and get a fair price for the same.