Cash cabin buying companies are correctly looking to secure properties at below-market prices… House flippers are usually willing to pay no more than 78% of the property’s value once repairs have been made.
However, in FL’s especially competitive cash cabin buying market, there has been an upward swing in purchase price of properties.
For those residences that are in sought-after neighborhoods plus are move-in ready, there is minimal difference between the offers from cash buyers plus conventional sales, the lower-than-market offers are more regular when homes have problems! A condo with an aging, dilapidated roof won’t qualify for a mortgage. A condo with termite infestation, black mold plus a worrisome septic won’t do well on an appraisal, and when there are problems with systems such as Heating & Air Conditioning, plumbing or electrical, it can be nearly impossible to sell the condo through conventional methods. A cash cabin buyer eliminates the cabin inspection plus appraisal, code violations are not a deal breaker. For all types of sales, there are major advantages to this more flexible route. When listing a house, the buyer needs a mortgage to finance the deal. That can require months plus the deal can fall through. There’s consistently the option that the buyer provided more than an appraiser believes the condo is worth. A cash cabin buyer makes an offer that is firm. There’s no haggling plus no lender requirement. The closing process can be completed in seven to ten days. For anyone looking to sell their cabin in Jacksonville, FL, why not find out if a cash transaction is the better fit? There’s no cost or obligation, then skip the repairs, open houses, prep work plus simply fill out an online form, and get an offer in less than 24 hours.