Any property that is on the verge of foreclosure, requires extensive repairs or has been condemned is difficult to sell.
In most instances, potential buyers rely on bank financing.
The bank only approves a mortgage once the property passes a home inspection. The home is required to meet local safety and health codes and qualify for insurance. The inspection checks out essential systems such as electrical, plumbing, HVAC and roofing. Any issues with the foundation, mold growth, lead paint, asbestos, mold or pest infestation undermines the possibility of a conventional sale. It’s a good idea to begin with a home appraisal. This determines what the property is worth so that the seller can get a fair value for it. Cash home buyers are willing to take on properties in any condition. While a cash sale often yields a lower price than conventional methods, there are numerous benetis. The cash buying process eliminates the need for an inspection, repairs, staging and showings. It doesn’t matter if the roof leaks or the electrical panel is insufficient for modern demands. The septic, water heater, HVAC, insulation, drains and foundation aren’t a concern. There are no realtor fees, no delays and no worries over the deal falling through due to a lack of financing. The cash buyer has the assets to cover the full purchase price and the ability to expedite the closing. In Jacksonville, Florida, the housing market is especially dynamic. There are a growing number for cash home buyers and more and more homeowners are taking advantage of this swift and stress-free alternative. Look for local cash home buyers with a solid reputation and positive reviews. Check that the initial cash offer includes no obligations. Once the online contact form is submitted, an offer should be forthcoming that same day. Typically, the closing process is managed in approximately ten days.