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As such, lots of people going through a divorce are looking for a fast way to offer their house and move onto the next chapter. Water intrusion and flooding cause catastrophic damage on a home, and a home with a history of water damage can be more difficult to offer. It's also costly to fix, with the typical water damage insurance coverage claim amounting to $7,000.

Comparable to water damage, destruction triggered by a fire is tough and pricey to undo. A decent fire will ruin your home to the ductwork and Sheetrock. Without  Read This  or the upfront cash to make repair work, the only kind of purchaser going to take on your residential or commercial property might 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 on your level of versatility, sell on the free market with a couple of faster ways worked in. Let's explore each opportunity. Choice 1: Request an all-cash offer for your house When you sell a home, two steps tend to be the most time consuming: In a hot market, homes naturally sell quickly.

However in a regular year, your common days on market might be more like 35-40 days. A home in rough condition will also take longer than average to sell. A conventional purchaser who's preparing to reside in the house will prefer that it be move-in ready, and they may need the home to satisfy certain standards for it to pass the appraisal.

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Meanwhile, information from Ellie Mae indicates the average purchase loan took a typical 49 days to close as of April 2021. Even if you do zero house preparation and draw in a purchaser in record time, you can't accelerate this closing timeline so long as there is lender involvement. This is why, as they state, "money is king." Selling your home to a cash purchaser successfully gets rid of both of these weights that would otherwise slow you down.

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Nevertheless, you can take much of the unpredictability out of the procedure by working directly with an operation that purchases homes for money. How does selling for money work? Typically it goes something like this: You avoid the song-and-dance of staging your house to impress, and go directly to asking for a cash offer.