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As such, many people going through a divorce are searching for a fast way to sell their house and move onto the next chapter. Water invasion and flooding inflict disastrous damage on a house, and a house with a history of water damage can be harder to sell. It's likewise costly to fix, with the average water damage insurance coverage claim totaling $7,000.

Similar to water damage, damage triggered by a fire is challenging and pricey to reverse. A decent fire will ruin your home down to the ductwork and Sheetrock. Without adequate property owners insurance or the upfront cash to make repairs, the only type of purchaser willing to take on your property may be an investor who can pay cash and plans to gut it.

Whatever the case, you can either pursue an off-market sale with a cash buyer, or, depending upon your level of versatility, sell on the free market with a couple of faster ways worked in. Let's explore each avenue. Choice 1: Request an all-cash deal for your house When you sell a house, 2 steps tend to be the most time consuming: In a hot market, homes naturally offer fast.

However in a routine year, your normal days on market could be more like 35-40 days. A house in rough condition will also take longer than average to offer. A standard buyer who's planning to reside in the home will prefer that it be move-in ready, and they might require the residential or commercial property to fulfill certain requirements for it to pass the appraisal.

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On the other hand, data from Ellie Mae suggests the typical purchase loan took an average 49 days to close as of April 2021. Even if you do zero home preparation and draw in a buyer in record time, you can't speed up this closing timeline so long as there is lending institution involvement. This is why, as they say, "money is king." Selling your home to a money purchaser effectively eliminates both of these weights that would otherwise slow you down.

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However, you can take much of the unpredictability out of the process by working directly with an operation that purchases houses for cash. How does selling for A Good Read ? Generally it goes something like this: You skip the song-and-dance of staging your house to impress, and go straight to requesting a money offer.