There are advertisements for money home shoppers on billboards across Jacksonville, Florida; I’ve heard countless radio ads, seen announcements in the local paper and found flyers in my mailbox.
I never considered money shoppers a fair option.
When I decided to sell my home in Jacksonville, I immediately started researching local real estate agents. I researched and discovered that most charge a five to six percent commission, then the seller properly pays the entire fee. It’s deducted from the sale proceeds at closing, however another small percentage is deducted for closing costs. With a conventional sale, a home inspection is normally a requirement. The fee for an inspection can range anywhere from $250 to $1,000, depending on the size of the residence. In most cases, the inspection reveals concerns with the home. An older roof in perfectly wonderful condition may not qualify for insurance. An old electrical panel, Heating and Air Conditioning system, septic, water furnace or any number of systems may need to be repaired, renovated or updated. There might be problems with mold, termites or the foundation, however railings, carbon monoxide detectors and locks might need to be added to meet safety codes. All of these expenses are the responsibility of the seller. After all of the conditions are met, the potential customer might still fail to secure lending from the bank. The deal could absolutely fall through. The thought of dealing with all of that and staging, photos and showings was more than I wanted to manage. I filled out an online contact form and got an offer from a money buyer. The process was straightforward and streamlined. The money sale eliminated all of the hassle and expense. The money customer took care of all of the details and arranged for the closing within two weeks.