What happens if I want to try to sell my house fast Cincinnati after a fire?
Usually homeowners who have faced a fire have a number of questions. They might be worried that even if they do the repairs nobody wants to buy a previously fire damaged house.
The good news is that if repairs are made properly, most of the time the property will hold its value. It might affect how quickly or easily it will sell as many buyers may feel like this is a big negative; but the actual value of the home can remain unaffected. The biggest risk is missing things during the repair process. One example is concrete slabs can become damaged from the heat from a fire. This does happen from time to time in Cincinnati so its important to be aware of.I have sell my house fast Cincinnati with the help of houses513 team.
What to do if your House is Damaged by a Fire in Cincinnati
Either way it doesn’t matter it doesn’t matter if you plan to stay in the fire damaged house or sell it. The most important thing is to take the right actions to preserve the house value and protect your investment.
The first thing to do immediately following a fire, is to contact the insurance company where you hold your insurance policy. You will also want to contact a professional and reputable restoration company that can get started with the cleanup, repairing and restoration process. Oftentimes its best to try to find a restoration contractor who can work directly with the insurance company.
Since water is used to put out the fire its important to limit the water damage to wood and electrical systems. The key is to act quickly since in just 24 hours, mold or mildew can start growing. Starting the restoration process quickly can save a lot of cleanup later. While selling a fire-damaged house is very possible, mold and mildew are very off-putting to buyers.
Preparing to Sell a Fire-Damaged House
Selling a fire-damaged house in Cincinnati can seem difficult, but if you break the steps into smaller ones, it can be done. Its a different type of process from selling other houses, and you wonder why do people buy houses that are burned? The answer is, the price is usually lower and oftentimes people can see a long term potential in restoring the house! It happens all the time. Here are the basic steps you will need to follow if you want to be able to sell the house and keep as much value as possible.
Do a Major Cleanup
Before you try to put the house back on the market, you’ll have to make sure it’s clean. When a potential buyer comes to look at a house, they will be expecting it to be in good shape and generally clean and tidy. You are required by both state and federal laws to disclose the house has been through a fire but if the house looks good, many buyers will not be overly concerned about it – especially people who want to remodel it anyway. Take a good look around the house to make sure there are no odors left from the fire, and hire a professional inspector who can certify there is no remaining fire damage. There are many companies that do fire damage cleanup in Cincinnati.
Work With Your Insurance Company
Depending on your policy, the insurance company may offset some of the costs of cleaning the house up and getting it ready to sell. They may have cleaning firms or professionals contracted who can do the work for you. Just be sure to comply with all the insurance company’s requests. This will ensure they continue to work with you and get the outcome you both desire.
Hire a House Appraiser
An appraiser will evaluate the value of the home. Hiring an appraiser will make certain the house is valued appropriately and with the correct value. Pricing too high could cause the house to sit on the market for too long and then consequently buyers may think there is something wrong with it. FYI – be prepared in case the insurance company wants to bring in their own appraiser.
Talk to a Building Engineer
It might seem like overkill to enlist the help of a building engineer, but it’s a good idea to have one take a look around. If your inspector cannot, a building engineer can inspect the foundation and other structural features to be sure they were not damaged by the fire. In some cases, hiring a building engineer to inspect the house may be too expensive so this is your choice. In these cases, you can ask your local Fire Marshall or Fire Chief if they can inspect the property to ensure its safety.
Just remember to weigh up the costs of using a realtor and the time and hassle of being available to the possible buyers wanting to viewing your house.
Sell the House
After reviewing the offers you get on the house, accept the one you feel is the closest to the price you wanted. Most state laws will require you to use a title company to record the deed transfer. After you collect the funds, pay all your related fees.
Another Workable Option
If you are still trying to decide if you should fix or sell a house after a fire, you have another option. If you are looking at all the repairs that need to be done in order to get it ready for resale, and feel like it is daunting, there are other options. If you choose to sell to a real estate investor, they will buy the house as-is and pay for all the repairs that are needed. An investor will come and assess the property and make an offer. If the homeowner accepts the offer, they will be paid cash for the property and the investor will be the one taking care of the repairs. They will also take care of the title and activities associated with closing. It’s simple, fast and done.
We buy houses Cincinnati that are damaged by fire, so if you’re looking to sell contact us for a free cash offer.
Houses513 is the premier house buyer in the Greater Cincinnati area experienced in the real estate investment business. If you are one of the “I need to sell my house fast Cincinnati ” please contact us. We buy your house fast, for CASH. We work to close quickly so that you can leave the hassle of repairs to somebody else.
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