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As such, many individuals going through a divorce are searching for a fast method to offer their house and move onto the next chapter. Water invasion and flooding cause catastrophic damage on a house, and a house with a history of water damage can be harder to offer. It's likewise expensive to fix, with the average water damage insurance claim totaling $7,000.
Comparable to water damage, destruction triggered by a fire is difficult and pricey to reverse. A decent fire will damage your home down to the ductwork and Sheetrock. Without appropriate homeowners insurance or the upfront money to make repairs, the only kind of purchaser ready to handle your home might be an investor 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 upon your level of versatility, offer on the open market with a couple of faster ways worked in. Let's explore each opportunity. Option 1: Ask for an all-cash offer for your house When you offer a house, two actions tend to be the most time consuming: In a hot market, houses naturally sell quickly.

But in a regular year, your common days on market could be more like 35-40 days. This Is Noteworthy in rough condition will also take longer than typical to offer. A conventional purchaser who's preparing to reside in the home will choose that it be move-in ready, and they may need the residential or commercial property to meet specific requirements for it to pass the appraisal.
On the other hand, data from Ellie Mae shows the average purchase loan took an average 49 days to close since April 2021. Even if you do absolutely no house prep and bring in a buyer in record time, you can't accelerate this closing timeline so long as there is lending institution participation. This is why, as they say, "money is king." Selling your home to a cash purchaser efficiently gets rid of 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 cash work? Generally 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.