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As such, many individuals going through a divorce are searching for a quick way to offer their house and move onto the next chapter. Water intrusion and flooding inflict disastrous damage on a house, and a home 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.

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Comparable to water damage, damage brought on by a fire is tough and costly to undo. A decent fire will ruin your house down to the ductwork and Sheetrock. Without sufficient homeowners insurance or the in advance cash to make repair work, the only type of purchaser going to take on your home may be a financier 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 cash purchaser, or, depending on your level of versatility, sell on the free market with a few faster ways operated in. Let's explore each avenue. 2nd Chance Investment Group : Ask for an all-cash offer for your home When you sell a home, two steps tend to be the most time consuming: In a hot market, homes naturally offer quickly.
However in a routine year, your typical 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 purchaser who's planning to live in the house will choose that it be move-in prepared, and they may require the home to meet particular standards for it to pass the appraisal.

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Meanwhile, information from Ellie Mae indicates the typical purchase loan took a typical 49 days to close as of April 2021. Even if you do no home preparation and draw in a purchaser in record time, you can't accelerate this closing timeline so long as there is lender involvement. This is why, as they say, "money is king." Offering your home to a cash buyer efficiently eliminates both of these weights that would otherwise slow you down.

Nevertheless, 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? Generally it goes something like this: You avoid the song-and-dance of staging your house to impress, and go straight to asking for a money offer.