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As such, many people going through a divorce are looking for a quick way to sell their house and move onto the next chapter. Water invasion and flooding cause devastating damage on a house, and a home with a history of water damage can be harder to offer. It's likewise expensive to fix, with the average water damage insurance coverage claim amounting to $7,000.
Similar to water damage, destruction triggered by a fire is challenging and costly to reverse. A decent fire will damage your home down to the ductwork and Sheetrock. Without adequate property owners insurance or the upfront cash to make repair work, the only kind of buyer going to take on your property may 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 buyer, or, depending on your level of flexibility, offer on the free market with a few shortcuts worked in. Let's explore each opportunity. Choice 1: Request an all-cash deal for your home When you offer a house, two actions tend to be the most time consuming: In a hot market, houses naturally offer fast.

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But in a regular year, your normal days on market could be more like 35-40 days. A home in rough condition will also take longer than average to sell. A standard purchaser who's planning to live in the home will choose that it be move-in prepared, and they might require the property to fulfill particular standards for it to pass the appraisal.
On the other hand, data from Ellie Mae indicates the typical purchase loan took an average 49 days to close since April 2021. Even if Additional Info do no home preparation and draw in a buyer in record time, you can't speed up this closing timeline so long as there is lender participation. This is why, as they say, "money is king." Selling your home to a cash buyer successfully 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 procedure by working straight with an operation that purchases houses for cash. 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 straight to asking for a money offer.