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 gained through a traditional real estate sale.
However, there are many situations when a cash sale makes more sense and provides fair market value. For starters, a cash homebuyer 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 and appraisal. If the inspection reveals problems with systems such as the roof, HVAC, plumbing or electric, repairs are demanded. The cost of the repairs typically 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 and appraisals. There are also realtor commissions, closing fees and assorted costs associated with a conventional sale. A cash deal avoids those. Everything progresses much quicker. There is far less risk and rarely any delays. Cash home buyers most often provide an offer the same day the online contact form is submitted. There are no negotiations. Homeowners can accept or decline the offer without obligation. Once the offer is agreed upon, the rest happens swiftly. I found that the cash home buyer had the resources to streamline every step of the process. I was able to close on my house in under two weeks.