The majority of homebuyers make contingent offers.
This allows them to withdraw if an appraisal comes in too low.
They can also back out if their financing falls through. They have an escape route if the home inspection reveals numerous problems. These contingencies slow down the selling process and add complications. Home inspections can result in frustrating negotiations and long delays. Financing contingencies are the number one reason transactions are completed. One of the many benefits of a cash home buyer is the significant reduction of risk. Cash home buyers don’t rely on a mortgage. They have the resources to eliminate financing and appraisal contingencies. Most cash home buyers in the Jacksonville area are open to buying properties in “as-is” condition. They don’t require an inspection from a licensed professional. Their inspection is strictly to gather information. Cash home buyers don’t haggle, demand repairs or back out because of code violations. This streamlined process provides greater certainty and a quicker turnaround. Selling a home in its current condition takes the burden off the shoulders of the homeowner. Storm damage, foundation damage, an aging roof, outdated electrical system, concerning plumbing system, termites and assorted issues aren’t going to undermine completion of the deal. Cash offers deliver fair market value without subtracting realtor fees, closing costs or any other hidden expenses. The seller walks away with the full amount. It is common for cash sales to close in under two weeks. That’s much faster than waiting weeks or even months for a buyer to get financing approval. For anyone looking to walk away from a property as painlessly as possible, a cash home buyer is the answer.