I debated on whether or not a cash home sale was the right decision.
I was hoping to sell the property quickly and hoped to avoid dealing with contingencies.
My house in Jacksonville, Florida, was in need of some major renovations. Because I’d done quite a bit of remodeling as DIY projects, certain aspects weren’t up to local building codes. I had also failed to secure permits for most of my upgrades. I knew that a cash offer would avoid a home inspection and the hassle of making repairs. It would allow me to receive fair market value for the home. I wouldn’t need to worry about the bank getting involved, demanding an inspection and haggling with a potential buyer. Rather than possibly replacing the roof, investing into a new heat pump, paying for ductwork cleaning and hiring an electrician, I could opt for a no-hassle cash sale. When I researched, I came across a Jacksonville cash buyer that is family-owned and buys homes in as-is condition. They promised an offer within twenty-four hours and a quick closing. They were willing to accommodate my schedule and arrange the closing for ten days later. It was a great way to avoid a lengthy financing process. The buyer wasn’t relying on a loan application to be approved. I wasn’t expected to invest into home improvements. Since I was in dire need of money, this sounded good to me. Working with the cash home buyer was a positive experience. The paperwork and complexities were all handled, making every step quick, easy and stress-free. While I might have been able to secure a higher price for the house through a traditional sale, it would have taken longer and been a lot more effort.