One of the many advantages of selling a home for cash is that the condition of the property isn’t an insurmountable hurdle.
Cash home buyers take on properties as-is.
This avoids the time, money and stress of fixing and improving the residence. It’s not necessary to focus on curb appeal, first impressions or making the home attractive for an open house. Cash home buyers will make offers on houses that are old, outdated, damaged or in need of a great deal of work. This is a benefit for homeowners who prefer not to sink money into a house they are eager to vacate. Of course a home’s condition impacts the value and purchase price. However, the seller can still expect fair market value from the cash buyer. Another perk is that the sale is not reliant on a bank mortgage. When the bank is involved, there needs to be an appraisal and an inspection. If the appraisal comes in lower than anticipated, the bank typically refuses lending. If the inspection reveals concerns with the foundation, roof, HVAC, plumbing or electrical system, those repairs will need to be made prior to the sale. Otherwise, the bank will once again refuse the loan. The cost of repairs can add up very quickly. The investment comes right out of the seller’s pocket. The haggling can get complicated and lead to lengthy delays. By selling to a cash buyer, everything is very straightforward, streamlined and simple. The cash buyer usually handles all of the paperwork, schedules the closing at a convenient time and expedites the process. More and more homeowners in Jacksonville, Florida, are opting for a cash sale.