"A fire in your home is one of the worst nightmares most homeowners can experience. It's a stressful and a scary experience. The good news is that, even after something as devastating as a fire, you still have options to sell your house after fire damage. Luckily, selling your house with fire damage is absolutely possible and homeowners around the country navigate the process successfully every year."
"Make necessary repairs and then sell the house Full repair costs + Higher sale price - Insurance payout = Net Proceeds Sell your house as-is and disclose the fire damage to prospective buyers Insurance payout + As-is sale price = Total proceeds Sell the property as land and consider demolishing the house After repair value - Construction costs for demolition = Land Value"
"This option guarantees you'll get the best price for your house. However, it won't come without significant effort and time on your part. This process often takes weeks or months. Expect it to be a big commitment financially and in terms of your time. But for many homeowners, this option is the best way to recoup the investment they've made in the home."
A fire-damaged home can still be sold using one of three main approaches: repair then sell, sell as-is with disclosure, or sell as land and demolish. Repairing often yields a price closer to pre-fire value but requires weeks or months, permits, and significant financial outlay; typical 2025 repair costs range from about $3,000 to $51,000. Selling as-is combines any insurance payout with an as-is sale price and avoids restoration effort. Selling as land derives value by subtracting demolition and construction costs from after-repair value. The best approach depends on available funds, extent of damage, time, and personal preference.
Read at Redfin | Real Estate Tips for Home Buying, Selling & More
Unable to calculate read time
Collection
[
|
...
]