Getting the most out of a fire damaged property
I have a fire damaged house that I am looking to sell. The house itself is a total loss. rehab means rebuilding from 1 wall or complete rebuild from scratch.
My question: Is it better to demolish the house and sell the property as a lot? Or sell it as is?
Secondary question: What kind of loss should I expect? market value before fire was $350K (I'm in the Seattle King County market)
My hope is to get $150K out of it. Is that reasonable?