How to Sell a House in the North East With Fire or Water Damage

How to Sell a North East House With Fire or Water Damage

Smoke will creep into every little crack and crevice, leaving behind odours that need extensive remediation, just as water can have the potential to cause electrical damage and mould in its path. Acting quickly is the only way to prevent the damage from become more severe as time goes on, mould can even begin growing in as little as 24 hour. Ensure that you’re thoroughly documenting all damage and provide as much detail in both written evidence and photographs of your belongings. 

After taking the necessary steps with your insurance company, it’s time to proceed. And at this point, it’s important for you to understand that you have options. Regardless of the cause of the damage, the impact that fire or flooding events can have both financially and emotionally may mean that selling is the best choice. Selling your home can be tricky and stressful at the best of times, but the added dilemma of having a heavily damaged property only adds to this.

You may be wondering how the damage will affect the process and just what these options may mean to your profits on the sale. Read on to learn about the options available for you to sell a house in North East with fire or water damage.

Restore

To sell a house in North East with fire or water damage at total market value, you could go through restoring the home and then listing it for sale by yourself or through an estate agent. Your insurance company can likely recommend a reliable fire restoration firm. However, it is not cost-effective or wise for an owner to attempt this type of work independently. Your selection of professionals to do the job will make all the difference in the project’s outcome and how long the work will take. When calculating the profit you hope to walk away with, consider the potential holding costs.  It can be highly stressful as the days and weeks begin to pass while you first restore the home and then list as you wait for the right buyer; many more months may pass before the property sells. And when you do have your buyer, remember, full disclosure about the damage is the best course of action to prevent legal action in the future.

Sell As-Is

You could try to sell a house in North East with fire or water damage as it is either independently or with an agent as well at a discounted price. So that you can knowledgeably price the damaged property, you must understand all of the out-of-pocket expenses listings entail in addition to the current North East market conditions. However, listing means you should prepare for marketing costs. Depending upon the home’s condition, these costs could include high-quality digital photography and 360-degree virtual tours and paying commissions and fees. You will also have to deal with the hassle of dealing with multiple viewings while you wait for an offer. Homes listed as-is on the North East market tend to get rock bottom offers that can quite frankly be insulting to the owners. Finally, listing a home for sale means there is no guarantee how much your property will sell for or when it will sell, for that matter. Because of the damage, homeowners must often live in another home while still paying monthly expenses for the damaged home. The downside of a property lingering on the market is that the greater the number of days, the lower the final sales price, along with the bills continuing to pour in. 

North East House Buyers

Given the situation your in, the pros at North East House Buyers have the experience to help you plan the best course of action going forward. We’ll lay out the costs and profit you can expect from each option that you have, and help you to make an educated decision. Selling a house with fire or water damage to North East House Buyers means you can skip all of the hassle and expenses that come along with a traditional sale. Not to mention skipping the uncertainty of the whole listing process. If you’re really in a hurry, North East House Buyers can complete in as little as 7 days if needs be. Selling directly to North East House Buyers means you can stop worrying about making repairs. As a bonus of working with North East House Buyers, you can save both time and money, skipping the prep work, expenses, and troubles of listing with an agent. At North East House Buyers, we have a team of experienced professionals working together with the common goal of making it easy for you to sell. North East House Buyers can quickly assess your property and make an offer that you will agree is fair. If you are among the many homeowners who would rather avoid the discomfort of strangers walking through your home during showings, selling directly to North East House Buyers is the solution to your problems. Contact North East House Buyers at 0191 462 0160 today!

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