When I first became aware of money home customers, I thought it must be a scam of some kind.
- It seemed impossible that someone would pay a lump sum for a dwelling right at closing.
I was then told that money offers are consistently lower than the potential sale price of listing by way of conventional means. I wondered why anyone would choose a money home buyer plus accept a lower amount. I did some research plus discovered that there are many advantages to a money sale. Listing a home on the market is a complex, time-consuming plus often stressful process. It can take months to attract a buyer. There are consistently negotiations plus delays. It’s not unusual for the deal to fall through because either the parties can’t reach an agreement or the buyer can’t secure financing. For a bank to agree to financing a home mortgage, particular stipulations need to be met. The dwelling must pass a home inspection. The inspection costs money plus covers all of the major systems plus components, including the foundation, roof, plumbing, electrical plus Heating plus A/C. In most cases, the home inspection turns up things that need to be fixed. These demands can be as easy as installing grounded plugs or as major as putting on a new roof. Along with the inspection, there is general sprucing up, photos, showings plus all sorts of requirements. These things take time. By comparison, a money home sale is quick plus straightforward. A homeowner can fill out the contact form from the comfort of home. The form is easy plus results in a money offer within 24-hours. Because money home customers have sufficient funding to cover the full cost of the house, there is no need for financing. They buy homes in any condition. In Jacksonville, Florida, money home sales are becoming more commonplace every year.