Fire damage itself to a house causes a lot of trauma for the owner, and selling it sometimes comes with many pains. Pains of regrets of losing the house’s original value to the fire damage rip the heart apart. As disheartening as it can be to lose so precious a property in Phoenix, it is easy to dispose of it when one is ready to. Because of the thriving business hub, everyone wants to own a property and probably buy any available one, whether whole, dilapidated, furnished, or unfurnished; hence you wanting to sell your house in Phoenix.
Before deciding to sell your house in Arizona or not, you have to be equipped with the knowledge of the following:
- Your insurance policy so you can begin the claims process
- Get permission before re-entering the structure from any official of the fire department
- An assessment of the damage extent by a restoration contractor
- Shutoff services with a call to the utility providers (to prevent further outbreaks)
- Proper and detailed documentation of all damaged properties
- Empty the refrigerator contents once you are sure of power disconnection, and open all windows and doors to rid the smoke from the house.
You are left with two options when confronted with the challenge of fire damage, especially in Phoenix. They are:
- Restore the house to its actual state (before the fire accident), or
- Sell as-is.
Restoring the house to its original state
Often, this seems the best thing to do to get back the value of the house as before the incident. This would give the property a facelift and make it attractive to potential buyers or investors. However, the cost of revamping the property isn’t always cost-friendly.
Averagely, $5,000 would be spent making repairs and restoring the house to its former stature (and better). This doesn’t include having to deal with significant replacements or components of the house.
However, the good news is that you can sell the house in Phoenix without making any repairs at all.
You can sell without renovations
Insurance policies cover most houses against fire accidents. Though the value can be reduced due to damage, it comes with a peace that the process of restoration doesn’t give. While you can be emotional when you are at it, the joy of making sales at a fair price would overwhelm you.
Before making sales, be prepared to answer some questions. Whoever wants to get that property of yours wants to find out some of these essential things:
- History of the house
- The present condition of the house
- Cause of the fire accident (electrical triggers, kitchen appliances, slept off with a cigarette carelessly placed around, arson, etc.)
- What you have done to remedy the circumstance (knowledge of this is vital to forestall future occurrences).
- Why you are selling, and many more other things.
While we have tried to make a comparison between the two primary choices everyone with a fire-damaged House in Phoenix is faced with, we ultimately leave you to your decision, trusting that you will make the right choice. However, we believe that selling your property, especially to a wholesaler in Phoenix, is the way to go.