TESTIMONIAL
“They pulled through and pulled strings… and before you knew it, I was a happy camper. Get a hold of these people and they can help you out. I guarantee it”.
– Mr. and Mrs. Herby
Every 24 seconds, a fire department somewhere in the U.S. responds to a fire. While fire incidents have declined since the 1970s, the National Fire Protection Association (NFPA) reported 356,500 home structure fires in 2020 alone—causing more than $8.4 billion in property damage. If you or a loved one has experienced a fire that left your home severely damaged, moving forward might be a vital part of your healing. But selling a fire-damaged house in Lubbock can feel overwhelming after such a traumatic event.”
SELL YOUR FIRE DAMAGED HOUSE IN LUBBOCK!
If you have a fire damaged house… this is for you!
We understand that selling a fire-damaged house can be extremely difficult — with high repair costs, city approvals, and countless other obstacles standing in your way.
At Electrum, we buy houses AS-IS, fast, and FOR CASH — so you can take back your freedom without the stress and delays of a traditional sale!
Contact us today and get your cash offer in less than 24 hours!
How To Sell a Fire Damaged House?
If a house fire leaves behind only minor, cosmetic damage, a real estate agent might suggest a quick fix like a fresh coat of paint. However, it’s important to think beyond appearances. Legally, you’re required to disclose any fire, smoke, or water damage to potential buyers. In many cases, buyers will request a specialized inspection to confirm that the damage was fully addressed and that the home is safe and move-in ready.
For some homeowners, listing a fire-damaged property with a traditional agent may not be realistic due to the severity of the damage. Fire, smoke, and water can compromise a home’s structure, and safety becomes a major concern when considering repairs. If the cost of restoring the property is too high, selling as-is to a direct cash homebuyer like Electrum could be the most practical solution. We make it possible to move on without the burden of costly repairs or drawn-out listing processes.
JARROD FRANKUM
#1 CASH HOME BUYER IN TEXAS
At Electrum, we purchase houses throughout Lubbock and the entire Texas area. Our process is straightforward, transparent, and we cover all closing costs.
Working with Electrum you will:
- Never have to spend any money for inspections and repairs.
- Save yourself hours of time and stress by selling directly to Electrum. We’ll handle it for you!
- You won’t be on the hook when the house is sold to a traditional buyer. Once you sell the property to us, it’s our problem to deal with.
Restore Or Sell As-Is?
Facing the challenge of selling a fire-damaged home in Lubbock? You typically have two options: invest time and money to restore the property before listing with an agent, or sell it as-is to a cash buyer like Electrum Properties. While working with an agent might seem like the path to maximum profit, the reality includes significant waiting periods for qualified contractors to begin the extensive restoration work needed for fire-damaged properties
Even after completing the restoration work, you’ll likely encounter more delays waiting for city inspections. If inspectors find code violations, you’ll face additional waiting time while your contractor addresses these issues before your property receives clearance for sale. This prolonged timeline adds unnecessary stress to your situation when you’re trying to move forward and regain your freedom.
The combination of expensive repairs, mandatory inspections, and complex local building code compliance makes selling a fire-damaged home incredibly time-consuming and costly—with no guarantee of recovering your investment. Even with insurance coverage for repairs, your policy may not include temporary housing expenses while waiting for your home to become habitable again, creating another financial burden during an already difficult time.
For many homeowners, covering these out-of-pocket expenses simply isn’t realistic. If you’re facing this challenging situation, a fast, straightforward sale to Electrum Properties can be your most practical solution. We specialize in solving real estate problems by purchasing houses in any condition—including fire-damaged properties—offering you a win-win price that helps you get your freedom back without the headaches of repairs and endless waiting.
Get an offer today, sell in a matter of days.
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Tips For Selling a House with Fire Damage in Lubbock
Explore Your Selling Options
Have you recently experienced a fire and are now exploring your options for selling your damaged property? Whether you’re considering a stress-free, as-is sale to a direct homebuyer, or you’re weighing the time and cost of restoring your home for a traditional market listing, it’s important to understand the pros and cons of each path. Below, we break down your selling options so you can make the best decision for your situation.
Clean & Restore The Home
If your home has suffered major fire damage, the idea of investing time and money into repairs can feel overwhelming—especially after such a traumatic experience. However, for some homeowners, restoring the property can be financially rewarding. By cleaning up and completing the necessary repairs, you can significantly boost your home’s market value and position it for a higher sale price. A fully restored, move-in ready property attracts more buyers and increases your chances of sparking a bidding war, which can drive up the final sales price. With the right real estate agent by your side, you’ll also gain access to valuable networks and early buyer interest—even before the home hits the MLS—potentially shortening the time your property spends on the market.
However, restoring a fire-damaged home for a traditional sale can be an uphill battle. Legally, you’re required to disclose the property’s fire history to all potential buyers—and that alone can raise red flags. Even after investing significant time and money into repairs, many buyers may still be hesitant to move forward once they hear ‘fire damage,’ causing your home to sit on the market longer than expected. During that time, you’re responsible for covering all holding costs, including mortgage payments, insurance, and utilities. If the market shifts and property values drop, there’s a real risk that your investment won’t pay off, potentially leaving you in deeper debt than if you had sold directly to a real estate investor who specializes in buying damaged homes.
Repairing A Fire Damaged Home
Homeowners who invest heavily in repairs and upgrades to make a fire-damaged property safe and livable may unintentionally make their Lubbock home less appealing to real estate investors. Direct homebuyers and investors typically seek discounted properties they can renovate themselves for future resale. They rely on their own trusted teams of cleaners and contractors—experts who specialize in fire, smoke, and water damage. Unlike the average homeowner, investors don’t face long wait times for repairs, thanks to their established networks. Companies like Electrum, experienced in handling major restorations, can complete work quickly, up to code, and tailored to their standards—allowing them to flip the home efficiently and profitably.
Disclosing Fire Damage To Potential Buyers
When you sell to a cash homebuyer with experience in fire-damaged properties, you won’t need to spend a dime on costly repairs for smoke, fire, or water damage. In fact, there are investors in Lubbock who specialize in buying fire-damaged homes just like yours. These buyers understand the complexities of restoration and are equipped to handle whatever issues may arise. They’re also prepared to work on your timeline, offering fast closings so you can move on with your life. Because direct buyers use their own cash—not bank financing—you can skip the delays tied to mortgage approvals and close on your property as quickly as needed.
Of course, there are trade-offs to selling your home as-is to a cash buyer. One of the biggest drawbacks is that you likely won’t receive full market value—unlike if you had restored the property and listed it with a traditional real estate agent. The pool of buyers interested in fire-damaged homes is relatively small, which limits your ability to negotiate a higher price. As a result, you might miss out on a potentially greater return if you had invested the time and resources to fully repair and market the home later.
In the end, only you can decide which path is right for your situation. Do you want to avoid the stress, cost, and delays by selling your fire-damaged home as-is to a trusted professional like Electrum? Or are you prepared to invest the time, money, and effort to restore the property yourself in hopes of securing a higher sale price down the road? Whatever you choose, make sure it aligns with your timeline, resources, and peace of mind.
The Quickest Way to Sell a House After a Fire
Selling Your House to A Cash Home Buyer
“Don’t want the hassle of restoring a fire-damaged property? Prefer to avoid the stress of managing contractors while you focus on rebuilding your life? Selling your home to a trusted, reliable direct buyer may be the solution you need. While you might not receive full retail value for your Texas property, you also won’t have to worry about a single repair, inspection, or delay—just a straightforward sale that helps you move forward with peace of mind.
Working with a Real Estate Agent
Maximizing your Lubbock home’s value is achievable—even after fire damage—if you’re prepared to invest in essential repairs and code-compliant renovations. Before committing to this path, ask yourself: Do you have time to manage contractors and wait for renovations? Will the final sale price justify your investment? Remember: agent commissions, closing costs, inspections, and buyer-requested repairs will all reduce your proceeds. At Electrum Properties, we offer a faster alternative that eliminates these concerns, providing a cash offer that helps you get your freedom back without the hassle of extensive repairs.
Selling Your Fire Damaged House For Sale By Owner
Thinking about saving on commissions by selling your home yourself (FSBO)? Be aware that Lubbock has strict fire damage disclosure laws for selling residential properties. As the seller, you’re fully responsible—both legally and financially—for meeting all disclosure requirements and ensuring the paperwork is accurate and complete before closing. Missing any step could leave you exposed to liability and costly legal consequences
Sell Your Fire Damaged House Today!
When facing the aftermath of a house fire, your first priority should be safely assessing the damage once authorities permit entry. Remember that damage typically extends well beyond what’s visible – structural integrity issues, smoke penetration, and water damage from firefighting efforts all compound the problem. Your insurance company will send an adjuster to evaluate the situation and determine what your policy covers. Unfortunately, this is often where homeowners discover the limitations of their coverage.
Many Lubbock homeowners experience a second wave of distress when they learn their insurance settlement won’t cover the full restoration costs. If you’re facing this challenging situation and can’t afford or prefer not to invest in extensive repairs, you have alternatives. Selling your fire-damaged property to a solution-oriented cash buyer like Electrum can provide immediate relief. We specialize in purchasing properties in any condition—including fire-damaged homes—offering a fair, win-win price that helps you move forward quickly. Our approach allows you to regain your freedom and start fresh without the overwhelming burden of complex restoration projects.
Contact a real professional–Electrum | 806-630-0875
We make it easy
Don’t stress about making repairs or repeatedly cleaning your property for endless showings. We buy houses as-is, giving you freedom from the traditional selling hassle.
We don’t worry about the condition of your property (trust us, we’ve seen it all!) or how many repairs your home requires. At Electrum Properties, we’re focused on solutions, not problems.
Dealing with a property that needs major repairs? Perfect! At Electrum Properties, we thrive on transformation projects.
Partner with Electrum Properties to reclaim your valuable time and maximize your financial return.
Get your cash offer today!
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