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As such, lots of people going through a divorce are searching for a fast way to sell their home and move onto the next chapter. Water intrusion and flooding cause devastating damage on a house, and a home with a history of water damage can be more difficult to sell. It's also pricey to repair, with the typical water damage insurance claim totaling $7,000.

Comparable to water damage, destruction brought on by a fire is difficult and expensive to undo. A good fire will destroy your house to the ductwork and Sheetrock. Without sufficient property owners insurance or the in advance cash to make repairs, the only type of purchaser happy to take on your property may be an investor 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 on your level of flexibility, sell on the free market with a few shortcuts operated in. Let's explore each avenue. Option 1: Request an all-cash deal for your home When you offer a home, two actions tend to be the most time consuming: In a hot market, houses naturally sell fast.

However in a routine year, your normal days on market could be more like 35-40 days. A house in rough condition will also take longer than average to offer. A standard purchaser who's preparing 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.

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Meanwhile, information from Ellie Mae indicates the typical purchase loan took an average 49 days to close since April 2021. Even if Click Here For Additional Info do absolutely no home prep and draw in a buyer 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, "cash is king." Offering your home to a cash buyer successfully removes 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 process by working directly with an operation that purchases homes for money. 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 directly to requesting a money offer.