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

Similar to water damage, destruction triggered by a fire is tough and costly to reverse. A decent fire will damage your home to the ductwork and Sheetrock. Without sufficient homeowners insurance or the upfront cash to make repair work, the only kind of purchaser going 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 free market with a couple of shortcuts operated in. Let's check out each avenue. Alternative 1: Request an all-cash offer for your home When you offer a home, two steps tend to be the most time consuming: In a hot market, houses naturally sell fast.

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However in a routine year, your typical days on market might be more like 35-40 days. A house in rough condition will also take longer than typical to sell. A traditional purchaser who's preparing to reside in the house will choose that it be move-in prepared, and they might need the property to meet particular requirements for it to pass the appraisal.

Meanwhile, information from Ellie Mae indicates the average purchase loan took an average 49 days to close as of April 2021. Even if you do absolutely no house prep and bring in a buyer in record time, you can't speed up this closing timeline so long as there is lender involvement. This is why, as they state, "cash is king." Offering your house to a cash buyer successfully removes both of these weights that would otherwise slow you down.

How Can I Sell My House Fast Without Losing Money?

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