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As such, many individuals going through a divorce are looking for a quick method to sell their home and move onto the next chapter. Water invasion and flooding inflict catastrophic damage on a home, and a house with a history of water damage can be harder to offer. It's likewise pricey to fix, with the average water damage insurance coverage claim totaling $7,000.

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Comparable to water damage, damage triggered by a fire is tough and costly to undo. A good fire will ruin your house down to the ductwork and Sheetrock. Without appropriate property owners insurance coverage or the in advance cash to make repairs, the only type of purchaser ready to take on your property may be an investor who can pay money and plans to gut it.

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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 open market with a couple of faster ways operated in. Let' Go Here For the Details  out each opportunity. Alternative 1: Ask for an all-cash deal for your house When you offer a home, two actions tend to be the most time consuming: In a hot market, houses naturally offer fast.

But in a regular year, your normal days on market could be more like 35-40 days. A house in rough condition will also take longer than typical to offer. A traditional buyer who's planning to reside in the home will prefer that it be move-in all set, and they may require the property to meet specific standards for it to pass the appraisal.

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Meanwhile, information from Ellie Mae indicates the typical purchase loan took a typical 49 days to close since April 2021. Even if you 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 say, "cash is king." Selling your house to a money purchaser efficiently eliminates both of these weights that would otherwise slow you down.

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