It can happen but there is actually a possible upside taking the correct steps and moving on! (Shameless Plug)
Have you contacted your insurance provider? If not your first task is to contact your insurance provider to discuss your coverage. Most home insurance policies will cover the value of the home as it was before the fire, but not after. If the building has been totally destroyed, your insurance company may settle your claim by paying the policy amount including the value of the contents of your home. In some cases, other expenses may be covered such as demolition and disposal fees.
By being proactive and aligning your resources including possibly a public insurance adjuster that is local and trusted (we can refer you to our preferred service provider free of charge) you will minimize risk and exposure in your claim and maximize recapture for your loss.
Why wait? Why spend money on a damaged property or empty lot? The longer you hold on to the empty lot, the more it will cost in the long run. Don’t forget that you’ll owe property taxes on the assessed value of the original home even though the house is damaged.
SECURE THE PREMISES
Board up and fence the perimeters of the house to prevent any unauthorized entry and further liability. If the dwelling is only damaged and not destroyed by the fire, the first things to consider are safety issues. Do not continue to inhabit the building until it has been thoroughly inspected and is determined to be safe for habitation. Fire can sometimes destroy hidden structural elements in a way that can be difficult to detect.
Load-bearing elements such as overhead beams, corners, supporting studs, and foundation pillars may have been weakened by a fire, even if the fire was a minor one or limited to one part of the house.
Do you really want to manage a rehab from a fire event? Feel free to contact us for our proprietary “Best Cash Offer Guarantee” even in fire damaged homes!
If a major part of the building has been destroyed such as one room or wall, you will need to replace it before selling. After taking care of safety concerns as well as zoning and permit requirements, contact an investor that buys fire damaged homes.
The best buyer for your home will be a local investor that specializes in rehabbing homes. First time home buyers will be difficult to work with because you’re going to have to disclose the damage to the property.
If interested in speaking more at length give me a call at 713-561-5162
Our team will be happy to discuss your options for an AS IS Cash Sale for your Fire Damaged Property in Houston TX.
Hi. My name is Johell Aponte, with Move On House Buyers. And I’m located here at a property in Houston, Texas. And we just helped the seller get liquidated. The property went through a garage fire. He had tenants in there. And we helped him get connected with a public insurance adjuster, getting him more money for the claim. And at the same time, not dealing with the headache of fixing a fire house. So if you’re interested in getting a cash offer, within 48 hours, and a best cash offer guarantee, visit our website, moveonhousebuyers.com, or call713-561-5162 the number in the screen. And one of our reps, or myself, will give you a call back. Talk with you, and talk through your options. Thank you.