My husband and I bought a house in Jacksonville, Florida, that was in very poor condition.
We liked the location and the possibilities.
The price was right, and we were excited to make the improvements ourselves. We are both quite handy and enjoy construction-type work. We went in and gutted the house down to the bare studs. We watched youtube videos and felt confident replacing the electrical wires and panel as well as the plumbing. Once the walls were insulated, we sealed everything up with drywalls. We also installed new windows, appliances, cupboards, countertops, light fixtures and flooring. Once everything was painted, we added baseboards and moved in. Six months later, there was an electrical fire. We were very fortunate that no one was hurt. However, the home was a total loss. Because we had not permitted our renovations or gone through the inspection process, our homeowner’s insurance wouldn’t cover the damage. Listing the house through traditional methods wasn’t a good option. A buyer wouldn’t have been able to secure lending on a property that won’t meet safety codes. Everything from the roof to the floors needed to be replaced. Our best option was to go through a cash home buyer. We read reviews about the various cash home buyers available in Jacksonville. We went with the company that is family-owned and local. Over nearly two decades in business, they have earned very positive reviews. They buy properties throughout the Jacksonville area in as-is conditions. This was perfect for us. The cash offer was quite reasonable, and we were able to schedule the closing for ten days later.