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As such, many people going through a divorce are trying to find a fast method to offer their home and move onto the next chapter. Water invasion and flooding cause disastrous damage on a house, and a house with a history of water damage can be harder to offer. It's also costly to repair, with the typical water damage insurance coverage claim totaling $7,000.

Similar to water damage, destruction brought on by a fire is challenging and costly to undo. A decent fire will damage your house to the ductwork and Sheetrock. Without sufficient property owners insurance coverage or the in advance money to make repair work, the only type of buyer ready to take on your residential or commercial property might be an investor who can pay money and plans to gut it.

Whatever the case, you can either pursue an off-market sale with a money purchaser, or, depending on your level of flexibility, offer on the open market with a couple of faster ways operated in. Let's explore Learn More Here . Option 1: Request an all-cash deal for your home When you sell a home, two steps tend to be the most time consuming: In a hot market, homes naturally offer quickly.

But in a routine year, your common days on market might be more like 35-40 days. A house in rough condition will likewise take longer than average to sell. A standard buyer who's preparing to live in the house will prefer that it be move-in prepared, and they may require the home to satisfy particular standards for it to pass the appraisal.

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On the other hand, data from Ellie Mae indicates the typical purchase loan took a typical 49 days to close since April 2021. Even if you do zero house prep and draw in a purchaser in record time, you can't accelerate this closing timeline so long as there is lending institution participation. This is why, as they state, "cash is king." Offering your house to a money buyer effectively removes both of these weights that would otherwise slow you down.

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Nevertheless, you can take much of the unpredictability out of the process by working straight with an operation that buys homes for cash. How does selling for cash work? Usually it goes something like this: You skip the song-and-dance of staging your house to impress, and go directly to requesting a money deal.