Mtkandel, Home Buyer in

Can I buy a home that has had fire damage?

Asked by Mtkandel, Thu Sep 6, 2012

Help the community by answering this question:


You bet,,,,but the damage may become an issue for a lender and your insurance company, Paying cash makes this pretty much a non-issue.

Good luck,

0 votes Thank Flag Link Mon Sep 17, 2012
Can you? Absolutely, just be prepared to deal with the added expenses of repairs. Depending on the extent of the damage you may wish to consider having an engineer take a look to make sure it's structurally sound.
0 votes Thank Flag Link Mon Sep 17, 2012
Yes, no problem with that type of property but you will have to just consider the expenses to repair fire damaged home during buying home.
0 votes Thank Flag Link Sun Sep 16, 2012
Yes you can buy any property in any condition- for as long as you buying it with your own money - paying cash.

If you planning financing your real estate purchase - it is best to check with the lender and find out available programs as there could be some restriction in regards to financing.

Help with Any Real Estate Transaction - Buy or Sell

Call me 424-777-9377 - FREE CONSULTATION!

Should you have any questions - please feel free to call me Toll Free: 1-855-TRUST-55 (1-855-878-7855) ext. 777.

Sergey Fednov

President - Realtor®
- Trust Sale Realty -

Residential & Commercial Real Estate
Toll Free: 1-855-TRUST-55
Toll Free: 1-855-878-7855
Phone: 424-777-9377
Fax: 310-356-4925
Lic# 01896869
0 votes Thank Flag Link Thu Sep 6, 2012
Yes, with an FHA 203k loan you can if you need financing.

Best of luck
0 votes Thank Flag Link Thu Sep 6, 2012
Yes.. there are all kinds of programs for financing it... you may also be able negotiate to get the insurance proceeds (if any) and the claim rights assigned to you...

Contact me individually if you have further questions, I have worked deals like this before as a contractor and as a broker.


If you like my answer give it Thumbs Up!
0 votes Thank Flag Link Thu Sep 6, 2012
Yes, however, you may have a hard time getting financing and getting insurance until all repairs have been completed by a qualified professional. Obviously, you can buy all cash and insure and mortgage after repairs are done.
0 votes Thank Flag Link Thu Sep 6, 2012
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer