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As such, lots of people going through a divorce are trying to find a quick method to sell their house and move onto the next chapter. Water intrusion and flooding inflict devastating damage on a house, and a home with a history of water damage can be harder to offer. It's also costly to repair, with the typical water damage insurance coverage claim totaling $7,000.
Similar to water damage, destruction brought on by a fire is challenging and expensive to reverse. A good fire will damage your home to the ductwork and Sheetrock. Without sufficient property owners insurance coverage or the in advance cash to make repair work, the only kind of buyer happy to handle your property may be a financier who can pay money and prepares 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, offer on the free market with a couple of shortcuts worked in. Let's check out each opportunity. Choice 1: Request an all-cash deal for your house When you offer a house, 2 steps tend to be the most time consuming: In a hot market, houses naturally offer quickly.
However in a routine year, your typical days on market might be more like 35-40 days. Reference in rough condition will also take longer than typical to offer. A conventional purchaser who's preparing to reside in the home will prefer that it be move-in ready, and they might require the residential or commercial property to satisfy certain requirements for it to pass the appraisal.
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On the other hand, data from Ellie Mae shows the average purchase loan took a typical 49 days to close as of April 2021. Even if you do absolutely no house prep and draw in a buyer in record time, you can't accelerate this closing timeline so long as there is lender participation. This is why, as they say, "cash 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 uncertainty out of the procedure by working directly with an operation that purchases homes for cash. How does selling for money work? Normally 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.