Jacksonville is the largest and most populous city in Florida. According to a report, about 1,787 houses were sold till October 2021. It also showed that most homes were sold after 28 days. If you're thinking of selling your house, this is the best time to do that, but selling your house traditionally consumes a lot of time and money. You are compelled to make several upgrades, including repairs, painting, and carpeting. Issues like drainage or boundary disputes have to be reported. All of this can be highly stressful too. The other way is to sell the Jacksonville property in as is condition to home buyers in cash. The entire process is faster and hassle-free. But before proceeding, there are some things you should consider.
What does it mean to sell a house as-is?
When a house is sold without any repairs, it's called selling it in "as is" condition. The owners have to buy the property in its present condition. There are several reasons behind doing so. You might not have the money to carry out repairs. Or you might be in a hurry to move immediately. Your family member may have left you a property and want to sell it fast. Whatever the reason, it saves you time and money. However, it is still necessary to disclose the issues and problems related to the house to the buyer.
What are the benefits?
No need for listing
If you sell your home the traditional way, you will have to list it with a real estate agent. A listing is an agreement between you and the broker to find a buyer for your property. In return, you will have to pay the agent a commission. In Florida and Jacksonville, the listing rate is around 6%. There will also be a closing cost and title fees. Professional home cash buyers will buy your property as it is without the listing process.
The process is speedy
It might take you about three months to sell your home with an agent in Jacksonville. The process could take longer if there are any outstanding issues with the property. Cash home buyers will conclude the sale in as little as ten days. You don't have to wait to find the right buyer. They will take care of all the processes.
Save a lot of money
House repairs or renovations can be expensive in Jacksonville. The minimum cost for repairs is approximately 8,207 USD$, while the maximum is 65,662 USD$. The average price is around 36,934 USD$. Those are some mind-boggling figures. You can save a significant amount of money by selling your property in its present condition to home buyers.
Things to check before selling your house
Although you will be selling your home as-is, there are some things you should check. The first one, and the most obvious, is the credentials of the company. Schedule a meeting with them to know if they are trustworthy. Ask them for some case studies if they are available. If they have a website, browse it thoroughly. See what other clients have to say about them. Let them know how much you think your property is worth. Exchange the required documents like purchase and sale agreement, signed deed, affidavit of title, bill of sale, and closing agreement. Although they will be buying your property as-is, let them know what defects are present. You might also need to provide documents like seller property disclosure, flood zone statement, property tax disclosure summary, and lead-based paint disclosure. You must have the required documents in place since that will make the process easier for all parties involved.
As mentioned above, deciding to sell the Jacksonville property in as-is condition is beneficial in more than one way. Just check a few things like documentation and relax while home cash buyers give you the best deal for your property.