You can sell a fire-damaged property in Washington, but multiple challenges come with it, and you have to dodge them to reach potential buyers. If you want to turn this event into an opportunity, you must follow the right strategy, which will help you to navigate the process efficiently. So, let’s learn about the steps you must take to sell a fire-damaged property.

Step 1: Assess the Damage

You must complete an assessment of the fire damage and its impact on the property, for which you must hire a professional contractor or adjuster. They will help to determine the repair costs. You also need to understand how badly the structural integrity of your home has been affected to decide whether to sell the house as-is or repair the damages. You can take your first step toward selling with a detailed damage report.

Step 2: Select Your Options

If you intend to sell a fire-damaged house, then you have two options, such as: 

• Repair and Sell

If you find that the damage can be covered through insurance compensation, you can restore the property. To revive the house’s market value, you need to address every major to minor fire damage issue so that traditional buyers can consider the property a safe investment. However, the drawback is that if the house requires considerable repairs, it can delay the sale and raise the upfront cost.

• Sell As-Is

When you want a quick solution and don’t want to invest in any repairs or upgrades, you go for sale as-is. Here, the buyer list includes cash buyers or investors looking for houses to renovate for either resale or rental. You can consult with WeBuyHouseAsIs to set a fair price that will meet your need. This is the better choice between the two because renovating a fire damaged house can be expensive. Why spend so much money when you can sell your property in the existing condition without much hassle?

Step 3: Set the Price

There are various online tools available in the market that you can use to set the house’s selling price. You must maintain the proper balance when allocating a price for a fire-damaged house. To evaluate similar properties in your area, use a comparative market analysis (CMA).

Step 4: Market Strategically

Your targeted audience should be investors or house-flipping professionals, and to reach them, you have to plan the marketing segment strategically. To build trust among buyers, try using high-quality photos. You can also use online platforms or direct advertising, with a proper description of the fire damage, to expand your buyer’s reach.

Step 5: Highlight Key Selling Points

To make a fire-damaged home appealing to buyers, you must highlight its features. Mention the listing’s location, lot size, and renovation potential, which will easily convert explorers into buyers.

Conclusion

You need expert assistance selling a fire-damaged house, as the professionals have experience handling damaged properties. Alternatively, you can also approach the companies that specialize in buying fire-damaged houses to sell my house fast Pierce County.