You must act promptly to remediate damage after a fire has occurred. Things like smoke and mold can seep into nooks and crannies in as little as 24 hours. Not to mention the terrible odor that comes along with it.
Once you have filed a claim with your insurance company, the time comes to proceed with the next steps. It’s helpful to understand what options are available to you and how you should go about executing them. Fire is not only unforgiving but is usually followed by financial and emotional distress. Often times selling is the best option but with an added dilemma of a property damaged by a disaster.
So exactly how does the damage change the selling process in Greenville and affect your profits?
Restore
If you are looking to obtain full price for your Greenville home you could go through restoring the home then listing it for sale by owner or through a real estate agent. Typically your insurance adjuster can recommend a trustworthy fire restoration firm. I would not attempt to cut costs by attempting this work on your own. Allowing the professionals to do the job will make all the difference in the project’s outcome and how long the work will take. When you are calculating the profit you hope to walk away with, also consider the potential holding costs such as temporary living arrangements, etc. It’s important that you also remember that restorations take time and can be highly stressful as the days and weeks begin to pass. Once the restoration is complete, the home can then be listed. There is usually an additional wait time while the right buyer is located. Once you have located your buyer, remember, full disclosure about the damage is the best course of action to prevent legal action in the future.
Sell As-Is
As mentioned, you could try to sell a house in Greenville with fire or water damage as an FSBO or with an agent at a discounted price. Understanding and accounting for all out-of-pocket expenses allows you to reasonably price the property keeping in mind current Greenville market conditions. However, listing means you should also prepare for additional costs. Depending upon the condition, these costs could sometimes include high-quality digital photography, 360-degree virtual tours, paying commissions, and some closing costs. Don’t forget about the hassles of showings. Houses listed as-is on the Greenville market tend to get rock bottom offers that can quite frankly be insulting to the owners. On another note, listing a home for sale also means there is no guarantee as to 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. This can become a financial nightmare as a property lingers on the market.
Wolf Empire Homes
Given your specific circumstances, the professionals at Wolf Empire Homes have the experience to help you plan the best course of action so you can make an educated decision. When you sell a house with fire or water damage directly to Wolf Empire Homes, you skip the hassles and expenses of listing, not to mention the uncertainty of how much the property will sell for or how long you will wait for closing. And if you are in a hurry, Wolf Empire Homes can close in a matter of days in many cases. When you sell directly to Wolf Empire Homes it means you can stop worrying about repairs, prep work, expenses, bids, showings, and listings. At Wolf Empire Homes, we have a team of pros who work together, making it easy for you to sell. Wolf Empire Homes can quickly assess your property and make an offer or provide recommendations on another course of action. If you are among the many homeowners who would rather avoid the discomfort of strangers walking through your home during showings, selling directly to Wolf Empire Homes is the solution to your problems. Contact Wolf Empire Homes at (903) 300-6264 today!