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As such, many individuals going through a divorce are trying to find a fast method to offer their home and move onto the next chapter. Water invasion and flooding inflict devastating damage on a house, and a home with a history of water damage can be more difficult to offer. It's likewise costly to fix, with the typical water damage insurance claim totaling $7,000.

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Similar to water damage, destruction triggered by a fire is challenging and pricey to undo. A decent fire will damage your home down to the ductwork and Sheetrock. Without adequate homeowners insurance or the in advance cash to make repair work, the only type of purchaser ready to take on 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 on your level of versatility, sell on the free market with a few shortcuts worked in. Let's check out each avenue. Option 1: Ask for 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 fast.

However in a regular year, your typical days on market might be more like 35-40 days. A house in rough condition will also take longer than average to offer. A standard purchaser who's preparing to live in the house will choose that it be move-in all set, and they may require the property to meet certain standards for it to pass the appraisal.

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On the other hand, data from Ellie Mae suggests the average purchase loan took an average 49 days to close since April 2021. Even if you do zero house preparation and bring in a purchaser in record time, you can't accelerate this closing timeline so long as there is lending institution participation. This is why, as they state, "money is king." Selling your house to a money buyer efficiently eliminates 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 purchases homes for cash. How does selling for money work? Usually  We Buy Houses As-Is  goes something like this: You avoid the song-and-dance of staging your home to impress, and go directly to asking for a money offer.