Why Sell Your Distressed Home to a Cash Home Buyer?
If you’re looking to sell your distressed home in Florida, it’s important to consider the benefits of cash home buyers. You can sell the property to cash home buyers in Florida to get unwanted properties off your hands for cash.
It’s important to note that a cash home buyer isn’t going to hand you a suitcase full of cash. A cash home buyer is a buyer who has the funds necessary to pay you in full if they buy your home, rather than financing it.
The Benefits of Florida Cash Home Buyers
1. Fast Sale
Florida cash home buyers don’t need a mortgage or a loan to purchase your distressed home, which means you can sell quickly with minimal hassle. What takes months with a buyer who needs a loan takes a matter of days or weeks when you’re selling to a distressed home buyer.
The traditional property selling process can be tedious and often involves a lengthy chain of stakeholders that requires everyone involved to do their part. If one part of the process falls through, the sale could collapse and leave you back at square one.
2. Avoid Foreclosure
If you’ve defaulted on your mortgage payments or declared bankruptcy, your lender could foreclose on your property. If that happens, you lose your home and get no payout. Selling to a Florida cash home buyer can help to avoid foreclosure on your property. Plus, it gives you the funds to pay off some of your debts.
3. Relocate Quickly
Got a job elsewhere in the USA or overseas? Need to relocate fast? You can quickly sell to cash home buyers in Orlando, Tampa, or Melbourne to fund your relocation. The benefit of cash home buyers in this situation is that you can seal the deal quickly and have access to the funds you need for relocating.
When selling to a cash buyer, you don’t have to put your home on the market or pay real estate fees. A cash buyer is more likely to complete the sale without any delays.
4. Settle Divorce or Legal Disputes
If you need to sell your distressed home as part of a divorce settlement or legal dispute, Florida cash home buyers are a fast, convenient option, especially if you’re on a deadline.
5. Sell Inherited Property
If you inherit a property that is in a state of disrepair, is not easy to maintain, or you simply don’t want, selling to a cash home buyer is a quick way to get rid of the property and make some money.
Selling to a cash buyer frees you from having to pay for upkeep and renovations or retaining a real estate agent. Selling a home can be time-consuming and costly, but it doesn’t have to be with a cash home buyer.
6. Sell a Home Stuck in Probate
Dealing with a property stuck in probate can be frustrating, time-consuming, and expensive. Probate proceedings can be incredibly complex and are often an emotional rollercoaster. However, you can sell to a Florida cash home buyer and free yourself from the hassle and stress.
7. Sell a Home That Needs Major Renovations
If your home has fallen into disrepair, needs major renovations, or has become unlivable, then sell to a cash home buyer. Florida cash home buyers purchase property in any condition, especially if it’s in a prime location in a sought-after neighborhood or up-and-coming area.
8. Sell and Rent Options
Let’s say you have a wonderful home in Melbourne, Florida. You need to sell, but you want to stay in the house. If you sell to a cash home buyer, you could negotiate a deal to stay in the home as a tenant. You get to remain in the property that you’ve made your home, and your cash buyer has a rental income.
9. No House Viewings
Selling your property the traditional way means you might have to host several house viewings or give a real estate agent permission to show people around your home, with the latter likely incurring a fee.
If you have to host viewings, it can be disruptive, as you might have to take time off work or be out of the house for large blocks of time on the weekends.
10. No Agency Fees or Commissions
When you sell to a Florida cash home buyer, you receive a lump-sum payment equivalent to the value of your distressed home. You will not have to pay agency fees or commissions for selling your property.
Be Aware of Who You Sell To
Due diligence is still advised when selling to a cash home buyer. You are within your rights to verify that a cash home buyer has the funds to purchase your property outright, without a mortgage or loan. You should also check the source of a cash buyer’s funds to avoid getting caught up in financial crimes, such as money laundering.
The majority of cash home buying companies and private buyers are legitimate, but it’s worth doing your research. If you’re considering a cash home buying company, look for reviews and testimonials to decide if the company is worth doing business with.
If you decide to sell to a private cash home buyer, request a portfolio and ask for references. Get consent to contact your buyer’s references so you can verify previous property purchases the buyer has made.
Make sure you get your property valued so when you come to sell to a Florida cash home buyer, you have an idea of what your property is worth. This helps ensure that you’re not selling your property under market value.
Choose Meli Homes to Sell Your Distressed Home
Meli Homes will buy your distressed house fast. We work with our partners to purchase your property with a fair offer and on a schedule that suits you.
Whatever your circumstances, we’re here to help by purchasing your home at a price reflective of market value. We understand the challenges of selling distressed property, which is why we’ll work with you to strike a fair deal. Get an offer from Meli Homes today.
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