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As such, many individuals going through a divorce are looking for a quick method to sell their house and move onto the next chapter. Water invasion and flooding cause 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 totaling $7,000.

Comparable to water damage, destruction brought on by a fire is hard and costly to reverse. A good fire will destroy your home to the ductwork and Sheetrock. Without adequate homeowners insurance coverage or the in advance cash to make repairs, the only type of buyer willing to take on your home may be a financier who can pay cash and plans to gut it.

Whatever the case, you can either pursue an off-market sale with a cash purchaser, or, depending on your level of flexibility, offer on the free market with a couple of shortcuts worked in. Let's check out each opportunity. Choice 1: Request an all-cash deal for your home When you sell a house, two actions tend to be the most time consuming: In a hot market, houses naturally sell fast.

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But in a routine year, your common days on market might be more like 35-40 days. A house in rough condition will also take longer than average to offer.  Home Cash Guys  who's preparing to reside in the home will prefer that it be move-in all set, and they might need the property to meet particular requirements for it to pass the appraisal.

Meanwhile, data from Ellie Mae shows the average purchase loan took an average 49 days to close as of April 2021. Even if you do absolutely no home prep and attract a buyer in record time, you can't speed up 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 money buyer efficiently gets rid of 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 process 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 home to impress, and go straight to requesting a money deal.