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As such, lots of people going through a divorce are looking for a fast method to sell 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 also pricey to fix, with the typical water damage insurance claim amounting to $7,000.

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Similar to water damage, destruction triggered by a fire is difficult and costly to reverse. A decent fire will destroy your home down to the ductwork and Sheetrock. Without sufficient house owners insurance or the upfront cash to make repair work, the only type of buyer ready to handle your residential or commercial property may be a financier who can pay money and plans to gut it.

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Whatever the case, you can either pursue an off-market sale with a money buyer, or, depending on your level of versatility, sell on the open market with a few shortcuts operated in. Let's explore each opportunity. Alternative 1: Request an all-cash offer for your house When you offer a home, two steps tend to be the most time consuming: In a hot market, homes naturally sell quickly.

But in a regular year, your common days on market might be more like 35-40 days.  https://www.openlearning.com/u/berthelsensteensen-qwygwb/blog/The9SecondTrickForSellMyHouseFastAtlantaGeorgia  in rough condition will likewise take longer than typical to offer. A conventional buyer who's preparing to reside in the house will choose that it be move-in all set, and they may require the property to meet particular standards for it to pass the appraisal.

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On the other hand, data from Ellie Mae shows the average purchase loan took an average 49 days to close since April 2021. Even if you do zero house prep and draw in a buyer in record time, you can't accelerate this closing timeline so long as there is lender involvement. This is why, as they say, "cash is king." Offering your home to a cash buyer efficiently 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? Normally it goes something like this: You avoid the song-and-dance of staging your home to impress, and go directly to asking for a cash deal.