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As such, many individuals going through a divorce are looking for a fast way to offer their home and move onto the next chapter. Water intrusion and flooding inflict disastrous damage on a home, and a house with a history of water damage can be more difficult to sell. It's likewise pricey to fix, with the average water damage insurance claim amounting to $7,000.
Comparable to water damage, damage triggered by a fire is challenging and expensive to reverse. A decent fire will destroy your house down to the ductwork and Sheetrock. Without sufficient house owners insurance or the in advance money to make repairs, the only kind of buyer happy to handle your home might 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 money buyer, or, depending on your level of flexibility, offer on the free market with a couple of faster ways worked in. Let's explore each opportunity. Alternative 1: Request an all-cash deal for your house When you offer a home, 2 steps tend to be the most time consuming: In a hot market, homes naturally sell quickly.
However in a regular year, your typical days on market could be more like 35-40 days. A house in rough condition will also take longer than typical to offer. cash home buyers near me who's planning to live in the home will prefer that it be move-in ready, and they may require the home to meet specific standards for it to pass the appraisal.
Meanwhile, data from Ellie Mae indicates the typical purchase loan took an average 49 days to close since April 2021. Even if you do absolutely no house prep and bring in a purchaser in record time, you can't accelerate this closing timeline so long as there is lender participation. This is why, as they say, "cash is king." Selling your home to a money buyer successfully eliminates both of these weights that would otherwise slow you down.
However, you can take much of the unpredictability out of the procedure by working straight with an operation that purchases houses for money. 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 deal.