Our I Need to Sell My House Fast: What Are My Options? - BHGRE Diaries

As such, many individuals going through a divorce are searching for a fast way to offer their home and move onto the next chapter. Water invasion and flooding cause catastrophic damage on a house, and a home with a history of water damage can be more difficult to sell. It's also pricey to fix, with the average water damage insurance claim totaling $7,000.

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Comparable to water damage, damage triggered by a fire is difficult and costly to reverse. A decent fire will destroy your home to the ductwork and Sheetrock. Without adequate property owners insurance coverage or the upfront cash to make repair work, the only type of buyer willing to handle your home may be an investor who can pay cash and plans to gut it.

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Whatever the case, you can either pursue an off-market sale with a cash buyer, or, depending upon your level of versatility, offer on the free market with a few faster ways worked in. Let's explore  Additional Info . Option 1: Ask for an all-cash offer for your home When you offer a house, two actions tend to be the most time consuming: In a hot market, homes naturally offer quick.

But in a routine year, your normal days on market could be more like 35-40 days. A home in rough condition will also take longer than average to offer. A standard purchaser who's planning to reside in the house will prefer that it be move-in prepared, and they might require the property to fulfill particular requirements for it to pass the appraisal.

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On the other hand, data from Ellie Mae indicates the average purchase loan took an average 49 days to close since April 2021. Even if you do zero home preparation and draw in a buyer in record time, you can't accelerate this closing timeline so long as there is lending institution involvement. This is why, as they say, "money is king." Offering your house to a cash buyer effectively removes both of these weights that would otherwise slow you down.

However, you can take much of the unpredictability out of the process by working straight with an operation that buys houses for cash. How does selling for cash work? Typically it goes something like this: You avoid the song-and-dance of staging your house to impress, and go directly to asking for a cash offer.