Selling a home for cash is a lot more common than I realized.
Especially in the state of Florida, more and more homeowners are opting to go with all-cash sales.
In Jacksonville, 54.4% of homes are purchased with cash. Cash offers gain popularity in unpredictable markets. As the real estate market slows down and inventory decreases, cash home buyers provide a less risky and simpler means of selling a property quickly. On average, a traditional listing and sale takes anywhere from six to nine months. It’s a long and complicated process involving lots of paperwork, contingencies and decisions. There are home inspections, appraisals and showings to deal with. In most situations, the need for a mortgage leads to a lengthy list of demands. The seller frequently ends up investing into a new roof, new electrical panel, plumbing updates, HVAC repairs and more. Accepting a cash offer streamlines the closing process significantly. Cash home buyers facilitate the closing process, normally allowing the seller to walk away in approximately ten days. It’s a much more direct route between signing contracts and transferring the title. There is no risk of funding falling through. It eliminates months of waiting for a buyer to make an offer. A cash offer starts with an online contact form. The homeowner provides some basic information and uploads a few photos and receives a cash offer that same day. There is no obligation to accept. The homeowner can take their time, think over options and then opt to walk away. Agreeing to the offer sets things in motion and avoids lots of hurdles and fees. For anyone who doesn’t have the time or mental capacity to put their home on the market, selling for cash is a much easier and less stressful avenue.