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As such, many individuals going through a divorce are trying to find a fast way to offer their home and move onto the next chapter. Water intrusion and flooding cause catastrophic damage on a house, and a house with a history of water damage can be harder to offer. It's likewise costly to repair, with the typical water damage insurance claim amounting to $7,000.

Similar to water damage, destruction brought on by a fire is challenging and costly to undo. A good fire will destroy your house down to the ductwork and Sheetrock. Without appropriate homeowners insurance or the upfront cash to make repair work, the only type of purchaser going to take on your residential or commercial property may be a financier who can pay cash and plans to gut it.

Whatever the case, you can either pursue an off-market sale with a money purchaser, or, depending upon your level of flexibility, offer on the free market with a few shortcuts worked in. Let's check out each avenue. Option 1: Ask for 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, homes naturally offer fast.

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But in a regular year, your common days on market could be more like 35-40 days.  Check it Out  in rough condition will likewise take longer than average to offer. A traditional buyer who's preparing to reside in the house will prefer that it be move-in ready, and they might need the property to satisfy particular standards for it to pass the appraisal.

On the other hand, information from Ellie Mae shows the average purchase loan took an average 49 days to close since April 2021. Even if you do zero house preparation and draw in a purchaser in record time, you can't speed up this closing timeline so long as there is lending institution involvement. This is why, as they state, "money is king." Offering your house to a money purchaser 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 homes for cash. How does selling for cash work? Normally it goes something like this: You skip the song-and-dance of staging your home to impress, and go straight to asking for a money offer.