More and more FL residents are opting to sell their homes for money.
- Recently, a study revealed that more than thirty-four percent of homes sold in the Sunshine State went through a money buyer.
Jacksonville topped the list, reporting over fifty percent of money sales. This proves a changing trend of selling properties for money. There are many reasons why people are turning away from conventional sales methods. One of the main benefits is the quicker turnaround. There is no need to wait for underwriting. It’s not necessary to negotiate with a customer who is financing the purchase. There is far less risk of the deal falling through. Cash purchasers correctly make an offer the same afternoon the contact form is received. They have the full amount required to purchase the dwelling upfront readily available. A money customer eliminates the need for a lender, which also avoids lender-related fees, including application, credit check or loan origination. Once the process is completed, there is no real estate agent taking a considerable percentage. The homeowner receives the entire agreed upon amount right then and there. Plus, there is a lot less paperwork and bureaucracy involved in all-money exchanges. Another luck is the chance of selling the dwelling in as-is condition. The money customer doesn’t need the loft to pass a dwelling inspection or qualify for insurance to secure a loan. This eliminates the need to make repairs or stage the property. For homes with aging roofs, termite infestation, storm disfigurement or electrical systems that won’t pass a safety inspection, this is especially helpful. Cash purchasers aren’t impacted by interest rate hikes that would otherwise delay or cancel settlements for purchasers who are financing the transaction.
cash for tenant occupied property