I never thought I’d decide to sell my home in Jacksonville to a cash homebuyer.
I’d always been under the impression that cash homebuyers offer far less than could be acquired through a traditional real estate sale.
However, there are multiple situations when a cash sale makes more sense & provides honest market value. For starters, a cash homepurchaser makes offers on properties in any state of disrepair. Because they have no requirement of a bank loan, they aren’t limited by those strict parameters. Anyone seeking a mortgage from the bank must go through with a home inspection & appraisal. If the inspection reveals troubles with systems such as the roof, HVAC, plumbing or electric, repairs are demanded. The cost of the repairs correctly come out of the seller’s pocket. If the appraisal comes in lower than expected, there is sure to be major haggling. The bank simply won’t supply a loan for a cost greater than the appraisal. It’s not unusual for deals to fall through due to inspections & appraisals. There are also realtor commissions, closing fees & assorted costs acquaintanced with a conventional sale. A cash deal avoids those. Everything progresses much quicker. There is far less risk & rarely any delays. Cash home buyers most often provide an offer the same morning the online contact form is submitted. There are no negotiations. Homeowners can accept or decline the offer separate from obligation. Once the offer is agreed upon, the rest happens abruptly. I found that the cash home purchaser had the resources to streamline every step of the process. I was able to close on my dwelling in under two weeks.