Expert answers from Michigan's trusted cash home buyers. Questions? Call (269) 389-9961 anytime.
Yes — to a cash investor. A fire-damaged property cannot be financed with a conventional, FHA, or VA mortgage until fully repaired and inspected. Cash investors buy fire-damaged properties regularly; we handle the structural assessment, remediation, and reconstruction after closing.
Yes — Michigan's Seller Disclosure Statement (Form 765) requires disclosure of any fire damage, including repairs made. Even if the structure looks repaired, you must disclose if there was fire damage. Insurance companies may have filed claims that appear on CLUE reports visible to any buyer.
If you have an open insurance claim on fire damage, coordinate the sale with your insurer. Some policies allow you to 'assign' insurance benefits to the buyer (they receive the insurance payout instead of you doing the repairs). This can actually be a selling point — buyers get the cash to make repairs themselves.
We evaluate: structural integrity (is the frame intact or compromised?), scope of damage (cosmetic smoke vs. structural fire damage), cleanup and remediation needed, and comparable values for similar renovated homes. An offer on a fire-damaged property can range from 30-70% of the uninvolved ARV (after-repair value) depending on damage extent.
Only if: you can manage contractors effectively, have insurance funds available, and can confidently supervise quality work. Fire-damage repairs done poorly can create hidden structural issues that haunt the next owners (and expose you to liability). If you're not experienced with construction management, selling to a cash buyer who specializes in renovation is often the better path.
Call us directly at (269) 389-9961 — a real person answers, not a bot. Or get your free cash offer online in 2 minutes.
