Four Reasons Why You Should Prefer Cash Home Buyers in Jacksonville, FL

Followed by the global economic recession that commenced in 2008 the real estate industry in the US has gone through a radical change. Millions of individuals lost their jobs, became bankrupt, and faced foreclosures. As reported by CNN Money, a whopping 3.1 million Americans faced foreclosures in the downturn period. During this phase, many foreigners and affluent families invested in the realty market and started buying homes from people who were frantic to sell off their houses.

The trend is still there however, many reputed property investors have come up in the industry and working alongside the typical real estate companies. Remarkably as per recent surveys, 33% of homes are now selling to cash buyers. So, if you are in hurry to sell your home, you are not alone. Whatever, maybe the reason for selling your home, read the article to explore the top reasons that people sell their homes to cash buyers?

Faster and Flexible Sale

Most importantly, selling your home to cash home buyers in Jacksonville FL who don’t need to acquire a bank loan minimizes the risk of fall-through in sales proceedings. A mortgage buyer or those who depend on a bank loan for buying your home may come across financial issues like the rejection of a loan application.

At the same time, availing of a bank loan is a long process while the possibility of falling through due to the inability of the buyer to get a loan is always there. Further, you don’t need to get you enlisted with any real estate company, get photographs of your home for listing, and face buyers that delay your process of the sale. On contrary, selling a home to cash buyers involves an instant home appraisal by the group, signing up of deed, and getting your cash within 3-4 days.  

Sell in As-Is Condition

Regardless of the condition of your home, be it uninhabitable or in a good condition, you can sell your home in its current condition. Especially when you are reluctant to invest your money to repair your upper-fixer home, general buyers are likely to quit. Matter of fact, home buyers in Jacksonville FL don’t ask for repairing, remodeling, or anything and acquire your home in as-is condition.

No Need to Pay Brokerage

Getting cash offers from home buyers in Jacksonville FL means that you don’t have to pay the brokerage or commission of the real estate agent. Whereas commission rates vary among 6-7% of the sale value, you are about to forgo a large amount of your selling price.

Although you might be getting a lesser cash offer than any private mortgage buyer, on the other side you will be saving a lot on home improvements, bank fees, agent commission, and other interest fees. Furthermore, instead of waiting for months or years for selling your home for getting something extra, getting cash in hand is always the best choice as you can use the cash instantly for investing in a new property or doing the needful.   

Avoid Foreclosure

If you are at the doorstep of foreclosure due to an unpaid huge mortgage, selling your property to home buyers in Jacksonville FL helps you clear your mortgage right away. For a home under foreclosure, getting a general buyer is virtually impossible.

Thankfully, with cash home buyers beside you, you don’t have to take the worry of your helpless condition. They will sit with you, go through the papers, and make an instant settlement with the bank by paying off all your dues. They pay you the remaining part of your home sale value after mortgage payment and thus let you get started once more with full gear.