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As such, lots of people going through a divorce are looking for a fast method to sell their house and move onto the next chapter. Water invasion and flooding cause catastrophic damage on a house, and a house with a history of water damage can be more difficult to sell. It's also expensive to repair, with the average water damage insurance claim amounting to $7,000.

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Comparable to water damage, damage caused by a fire is hard and pricey to reverse. A decent fire will damage your house down to the ductwork and Sheetrock. Without sufficient house owners insurance or the in advance money to make repair work, the only kind of buyer going to take on your residential or commercial property may be a financier who can pay money and prepares to gut it.

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Whatever the case, you can either pursue an off-market sale with a money buyer, or, depending upon your level of flexibility, offer on the free market with a few faster ways worked in. Let's explore Click Here For Additional Info . Choice 1: Ask for an all-cash deal for your home When you sell a home, two actions tend to be the most time consuming: In a hot market, homes naturally offer quickly.

However in a regular year, your typical days on market might be more like 35-40 days. A home in rough condition will also take longer than average to sell. A traditional purchaser who's preparing to reside in the house will prefer that it be move-in ready, and they might require the property to satisfy specific standards for it to pass the appraisal.

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Meanwhile, information from Ellie Mae shows the typical purchase loan took a typical 49 days to close as of April 2021. Even if you do no house preparation and bring in a purchaser in record time, you can't accelerate this closing timeline so long as there is lender participation. This is why, as they say, "money is king." Offering your house to a money purchaser effectively gets rid of both of these weights that would otherwise slow you down.

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