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As such, lots of people going through a divorce are looking for a fast way to sell their house and move onto the next chapter. Water invasion and flooding cause catastrophic damage on a home, and a home with a history of water damage can be harder to offer.  Research It Here 's also expensive to fix, with the average water damage insurance claim amounting to $7,000.

Similar to water damage, destruction caused by a fire is hard and pricey to undo. A good fire will destroy your house down to the ductwork and Sheetrock. Without adequate house owners insurance or the upfront cash to make repairs, the only type of buyer going to handle your residential or commercial property might be a financier who can pay cash and prepares to gut it.

Whatever the case, you can either pursue an off-market sale with a money buyer, or, depending on your level of flexibility, sell on the free market with a couple of shortcuts operated in. Let's explore each opportunity. Option 1: Ask for 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 fast.

But in a regular year, your common days on market could be more like 35-40 days. A house in rough condition will likewise take longer than typical to offer. A standard buyer who's planning to live in the home will choose that it be move-in prepared, and they might require the property to meet certain requirements for it to pass the appraisal.

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On the other hand, information from Ellie Mae shows the typical purchase loan took an average 49 days to close since April 2021. Even if you do zero home preparation and bring in a purchaser in record time, you can't accelerate this closing timeline so long as there is loan provider participation. This is why, as they say, "money is king." Selling your house to a money buyer efficiently eliminates both of these weights that would otherwise slow you down.

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Nevertheless, you can take much of the unpredictability out of the process by working straight with an operation that buys homes for money. How does selling for money work? Typically it goes something like this: You skip the song-and-dance of staging your home to impress, and go straight to asking for a money deal.