If your County Durham, Darlington, Newcastle, Gateshead, Sunderland, Northumberland, Middlesbrough, Hartlepool or Stockton-on-Tees home’s been damaged by fire or flooding, it’s important to act quickly to prevent any further problems from setting in.
The odour from smoke can take a long time to get rid of, and extensive remedial work is likely. Likewise, water damage needs to be fixed as quickly as possible, because if it’s not, then mould can appear in as little as 24 hours, and there’s the potential for electrical fires further down the track.
Be sure to document all damage and provide as much detail as possible in writing, along with photographic evidence of your belongings when contacting the insurance company.
It may be that you decide the best thing to do is to sell your property. Perhaps the memories are too painful or the cost of repairs is too high.
If this is the case, read on to learn about the options available for you to sell a house in the North East with fire or water damage, and what these options may mean to your profits on the sale.
To sell a house in the North East with fire or water damage at total market value, you could go through restoring the home and then listing it for sale by yourself or through an estate agent.
Your insurance company can likely recommend a reliable fire restoration firm. However, it’s not cost-effective or wise to attempt this type of work yourself if you have no experience and are just a DIY fan.
The professionals you hire to do the job will make all the difference in the project’s outcome and how long the work will take. As a homeowner you will know, time is money. When calculating the profit you hope to walk away with, consider the potential holding costs.
It can be highly stressful as the days and weeks begin to pass while you first restore the home and then list as you wait for the right buyer; many more months may pass before the property sells. And when you do have your buyer, remember, full disclosure about the damage is the best course of action to prevent legal action in the future.
You could try to sell your house in the North East with fire or water damage as it is either privately or with an agent as well at a discounted price.
So that you can price the damaged property accurately, you’ll need to have a good idea of the likely cost of restoration for a buyer in addition to the current the North East market conditions.
Also bear in mind that listing with an estate agent will mean commission costs and viewings, which is expensive and time-consuming.
Homes listed as-is on the the North East market tend to get rock bottom offers that can quite frankly be insulting to the owners.
Finally, listing a home for sale means there is no guarantee 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.
The downside of a property lingering on the market is that the greater the number of days, the lower the final sales price, along with the bills continuing to pour in.
We Buy Homes North East
Given your specific circumstances, the experts at We Buy Homes North East have the experience to help you plan the best course of action, laying out the costs you can expect and profit from each option so you can make an informed decision.
When you sell a house with fire or water damage directly to We Buy Homes North East , you could 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 completion.
And if you are in a hurry, We Buy Homes North East can close in a matter of days in many cases. Selling directly to We Buy Homes North East means you can stop worrying about making repairs. As a bonus of working with We Buy Homes North East , you can save time and money and skip the prep work, expenses, and trouble of listing.
At We Buy Homes North East , we have a team of pros who work together, making it easy for you to sell. We Buy Homes North East can quickly assess your property and make a fair offer. If you’d like to discuss your options further or have a no-obligation chat about your fire or water-damaged property, contact We Buy Homes North East on 0191 369 2088 today.