Over the last year, the housing market in Jacksonville, Florida, has entirely tapered off.
While it’s still possible to receive many offers for a listed property, the process is taking longer.
Most properties remain on the market for months & end up lowering the asking price. The homeowners are stuck maintaining the property, paying taxes & dealing with showings. However, there are a growing number of suppliers offering to buy homes for money. The actual meaning of selling a apartment for money can be a bit confusing. Obviously any type of sale of the apartment results in an influx of funds into the bank account. Cash apartment clients don’t show up to the closing with a briefcase full of money. Companies that make a money offer to purchase a apartment are agreeing to buy the dwelling outright. There is no financing involved. Because the money apartment patron doesn’t need to apply for a mortgage, they aren’t reliant on the demands of the bank. They have reasonable funds to cover the entire purchase price, liquid & ready to go. They simply transport the lump sum into the apartment sellers bank account. The process is lovely, straightforward, speedy & self-explanatory. No financing eliminates the underwriting process & contingency of approval. Cash clients also have much lower closing costs. There are no lender-related fees, such as application, appraisal, credit check & loan origination. The turnaround is much faster. Cash clients take on homes in as-is condition. The homeowner avoids apartment inspections, code violations, insurance requirements, lender expectations & demands for repairs. It’s a great idea to find a local company that has been around for a while.