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As such, numerous individuals going through a divorce are searching for a quick method to offer their home and move onto the next chapter.  Key Reference  and flooding inflict disastrous damage on a house, and a home with a history of water damage can be harder to sell. It's likewise expensive to fix, with the typical water damage insurance coverage claim amounting to $7,000.

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Similar to water damage, damage caused by a fire is hard and expensive to undo. A good fire will damage your house down to the ductwork and Sheetrock. Without sufficient homeowners insurance or the upfront cash to make repairs, the only type of buyer willing to handle your residential or commercial property may be an investor who can pay money and prepares to gut it.

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Whatever the case, you can either pursue an off-market sale with a money purchaser, or, depending upon your level of versatility, sell on the open market with a few faster ways worked in. Let's check out each avenue. Choice 1: Ask for an all-cash offer for your house When you sell a house, 2 actions tend to be the most time consuming: In a hot market, homes naturally sell fast.

However in a routine year, your common days on market could be more like 35-40 days. A home in rough condition will also take longer than average to offer. A conventional buyer who's preparing to reside in the home will prefer that it be move-in ready, and they might require the residential or commercial property to meet particular standards for it to pass the appraisal.

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On the other hand, information from Ellie Mae shows the average purchase loan took an average 49 days to close since April 2021. Even if you do no house preparation and bring in a buyer in record time, you can't accelerate this closing timeline so long as there is loan provider participation. This is why, as they state, "cash is king." Offering your home to a cash purchaser effectively gets rid of both of these weights that would otherwise slow you down.

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