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As such, many individuals going through a divorce are searching for a quick method to sell their home and move onto the next chapter. Water invasion 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 also expensive to repair, with the average water damage insurance coverage claim amounting to $7,000.

Similar to water damage, damage brought on by a fire is difficult and expensive to reverse. A decent fire will damage your house down to the ductwork and Sheetrock. Without  A Reliable Source  or the upfront money to make repairs, the only kind of purchaser ready 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 upon your level of flexibility, offer on the open market with a couple of shortcuts worked in. Let's explore each avenue. Option 1: Request an all-cash offer for your house When you offer a house, 2 steps tend to be the most time consuming: In a hot market, homes naturally offer quick.

However in a routine year, your common days on market might be more like 35-40 days. A house in rough condition will likewise take longer than typical to offer. A standard purchaser who's planning to reside in the home will prefer that it be move-in ready, and they may require the property to meet specific standards for it to pass the appraisal.

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On the other hand, information from Ellie Mae suggests the typical purchase loan took a typical 49 days to close as of April 2021. Even if you do absolutely no home prep and bring in a buyer in record time, you can't speed up this closing timeline so long as there is loan provider involvement. This is why, as they state, "cash is king." Offering your house to a cash purchaser successfully removes both of these weights that would otherwise slow you down.

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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 skip the song-and-dance of staging your home to impress, and go straight to asking for a money deal.