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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 invasion and flooding cause catastrophic damage on a home, and a house with a history of water damage can be harder to sell. It's also costly to repair, with the typical water damage insurance coverage claim amounting to $7,000.
Similar to water damage, damage triggered by a fire is difficult and expensive to reverse. A good fire will destroy your house down to the ductwork and Sheetrock. Without appropriate house owners insurance coverage or the in advance cash to make repairs, the only kind of purchaser going to take on your property might 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 money buyer, or, depending on your level of flexibility, offer on the free market with a few faster ways worked in. Let's check out each opportunity. Alternative 1: Ask for an all-cash deal for your home When you sell a home, two actions tend to be the most time consuming: In a hot market, houses naturally offer fast.

However in a regular year, your normal days on market might be more like 35-40 days. A home in rough condition will also take longer than typical to offer. A traditional buyer who's planning to live in the house will prefer that it be move-in ready, and they may require the residential or commercial property to satisfy certain requirements for it to pass the appraisal.

Meanwhile, information from Ellie Mae shows the typical purchase loan took a typical 49 days to close as of April 2021. Even if More In-Depth do no house prep and draw in 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 state, "money is king." Offering your house to a money purchaser successfully gets rid of both of these weights that would otherwise slow you down.

However, you can take much of the uncertainty out of the process by working straight with an operation that purchases houses for cash. How does selling for money work? Normally it goes something like this: You skip the song-and-dance of staging your house to impress, and go directly to asking for a cash offer.