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As such, many individuals going through a divorce are looking for a fast way to offer their house 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 harder to offer. It's likewise pricey to repair, with the average water damage insurance claim totaling $7,000.

Comparable to water damage, damage caused by a fire is hard and pricey to undo. A decent fire will destroy your house to the ductwork and Sheetrock. Without  We Buy Houses  or the in advance cash to make repair work, the only type of purchaser ready to handle your residential or commercial property 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 upon your level of flexibility, sell on the open market with a couple of shortcuts worked in. Let's explore each opportunity. Alternative 1: Ask for an all-cash offer for your house When you sell a home, 2 actions tend to be the most time consuming: In a hot market, homes naturally offer quickly.

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However in a regular year, your normal days on market might be more like 35-40 days. A house in rough condition will likewise take longer than typical to offer. A conventional buyer who's preparing to live in the home will prefer that it be move-in all set, and they may need the home to meet specific standards for it to pass the appraisal.

Meanwhile, data from Ellie Mae suggests the typical purchase loan took a typical 49 days to close as of April 2021. Even if you do no house preparation and attract a purchaser in record time, you can't accelerate this closing timeline so long as there is lender involvement. This is why, as they state, "money is king." Selling your home to a money purchaser effectively removes both of these weights that would otherwise slow you down.

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Nevertheless, you can take much of the uncertainty out of the procedure by working directly with an operation that buys homes for money. How does selling for money work? Normally it goes something like this: You avoid the song-and-dance of staging your home to impress, and go directly to requesting a cash deal.