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As such, lots of people going through a divorce are looking for a fast way to offer their home and move onto the next chapter. Water intrusion and flooding cause devastating damage on a home, and a house with a history of water damage can be harder to sell. It's likewise pricey to repair, with the average water damage insurance claim totaling $7,000.
Similar to water damage, damage brought on by a fire is difficult and costly to reverse. A decent fire will damage your home to the ductwork and Sheetrock. Without appropriate property owners insurance coverage or the in advance cash to make repair work, the only kind of buyer going to handle your property may be a financier who can pay money and plans to gut it.

Whatever the case, you can either pursue an off-market sale with a cash buyer, or, depending on your level of versatility, sell on the open market with a couple of shortcuts operated in. Let's explore each avenue. Choice 1: Request an all-cash offer for your house When you sell a home, 2 steps tend to be the most time consuming: In a hot market, homes naturally sell quickly.

But in a regular year, your common days on market could be more like 35-40 days. A home in rough condition will also take longer than average to offer. A conventional buyer who's planning to reside in the home will choose that it be move-in ready, and they might need the residential or commercial property to fulfill certain 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 www.ochbuyers.com do no house preparation and attract a purchaser in record time, you can't speed up this closing timeline so long as there is lender participation. This is why, as they say, "money is king." Offering your home to a money purchaser effectively removes both of these weights that would otherwise slow you down.
However, you can take much of the unpredictability out of the procedure by working directly with an operation that buys houses for cash. How does selling for cash work? Normally 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 deal.