Losing your home to a fire is definitely a painful experience. After years of hard work saving for a home and its furnishings, watching it all go up in flame can be devastating. Although difficult, you still have the option to sell your fire damaged home in Louisville, Kentucky to at least get some of your money back.
If you find you are currently in this situation, here’s what you need to know about selling your fire damaged house in Louisville.
Filling An Insurance Claim
The first thing you need to do after attending to any medical emergencies is to file a claim with your homeowner’s insurance company for your fire-damaged property. Make it a point to go through your insurance coverage so you know exactly what your benefits and options are.
Restoration
If you’re planning on moving back into your home, you’ll first need to have the home assessed if it is still safe for living. Reentering a home without doing so can be dangerous or even life-threatening. If it is, you can then proceed to hire a restoration company. When it comes to fires, you not only have to repair any burned furniture or features of your home, you need to repair things that have also been damaged by the water used to extinguish the fire as well as ones that have smoke damage.
Selling A Fire Damaged Home In Louisville, Kentucky
If you decide that you want to sell your home, there are two ways you can do this. You can either repair your home prior to selling or sell your home as-is – damages and all. The simplest thing for you to do would of course be to sell your home as it is. Repairing a home on top of losing all of your belongings can be quite a stressful and emotional journey. On top of this, it can cost a large amount of money just to make the home livable again.
1. Repair Then Sell
If you do decide to go the repair route, make sure you partner with a credible renovation company who’s had experience in working with fire-damaged homes.
Keep in mind that if you sell your home, you will also receive money from the insurance company apart from the potential buyer.
2. Sell To A Cash Homebuyer
If you’re thinking “how can I sell my fire damaged house Louisville, KY as quickly as possible,” the answer is to sell it as-is, where is to a cash homebuyer.
Professional cash homebuying companies typically have experience in rehabilitating homes, including fire-damaged ones. You’ll need to do your research before partnering with one, though. Things you need to check out are:
- Amount of time they’ve been in business
- Reviews from past clients
- Any certifications or permits
Once you’ve settled on a company, you can almost guarantee it will be smooth sailing from there. Cash home buyers typically provide you with a fair cash offer as soon as 72 hours from your application. This allows you to get the money you need to purchase a new home sooner. Selling to a cash homebuyer also saves you a lot of time and effort because you’re talking directly to your potential buyer. And because they will be paying in cash, you don’t have to deal with any mortgage applications.
Not to worry, you’ll still be able to get insurance claims even if you sell your home to a professional cash homebuyer!
Need More Info?
If you’re looking for a cash homebuyer in Louisville, KY, and are interested in selling your fire-damaged home, we buy houses as-is here at Rylo Homes. We are a real estate solutions company that specializes in solving your real estate problems for you. You don’t have to worry about any repairs or renovations, we can handle all that and more for you!
Our goal at Rylo Homes is to improve the overall quality of housing for the residents at Louisville, KY. We buy houses in just about any condition and situation, including foreclosure, probate, or fire damage. Let Rylo Homes make moving on easier for you and your family. For more information about our home buying process, give us a call at (502) 317-8553 today.
