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As such, many individuals going through a divorce are trying to find a fast way to offer their house 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 more difficult to sell. It's also costly to fix, with the average water damage insurance coverage claim amounting to $7,000.

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Similar to water damage, damage triggered by a fire is hard and expensive to reverse. A good fire will damage your house down to the ductwork and Sheetrock. Without sufficient homeowners insurance or the upfront money to make repair work, the only kind of buyer going to handle your home might be an investor 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 purchaser, or, depending upon your level of versatility, offer on the free market with a couple of faster ways worked in. Let's explore Key Reference . Choice 1: Ask for an all-cash offer for your home When you offer a house, two actions tend to be the most time consuming: In a hot market, homes naturally sell fast.

But in a routine year, your common days on market might be more like 35-40 days. A house in rough condition will also take longer than typical to sell. A standard purchaser who's preparing to reside in the house will choose that it be move-in prepared, and they may require the residential or commercial property to fulfill particular requirements for it to pass the appraisal.

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Meanwhile, information from Ellie Mae shows the average purchase loan took a typical 49 days to close since April 2021. Even if you do absolutely no house prep and draw in a purchaser in record time, you can't accelerate this closing timeline so long as there is lending institution involvement. This is why, as they say, "cash is king." Offering your house to a cash purchaser effectively eliminates both of these weights that would otherwise slow you down.
However, you can take much of the unpredictability out of the procedure by working directly with an operation that buys homes for money. How does selling for money work? Normally it goes something like this: You skip the song-and-dance of staging your home to impress, and go straight to requesting a cash offer.