I thought that selling a condemned house in Jacksonville, Florida, would be a difficult struggle.
The property was a source of stress.
It required a great deal of repairs. I saw no hope of getting out from under a condemned property without a huge financial loss. I then learned about the opportunity to sell the house for a cast. One of the main benefits of selling a condemned house for cash is the quick turnaround. Traditional real estate processes can be slow and complicated, requiring inspections, repairs, negotiations and nearly endless closing processes. The cash buyer was prepared to expedite the completion and close the deal within two weeks. Had I attempted to list the house, I’d have needed to focus on extensive renovations to meet safety and building codes. These efforts would have been a substantial investment, and I doubted I’d ever recover it. The company that offered to buy for cash was willing to accept the property “as is.” I was happy to avoid spending the money as well as the time and effort. Selling a condemned house for cash was an opportunity to forgo the need for a real estate agent. I wasn’t responsible for agent’s fees or commissions. There were also legal challenges, such as potential fines for code violations. Selling for cash got me out from under these concerns. The cash buyers were well-versed in handling condemned properties and easily navigated the legal stumbling blocks. The greatest advantage was the immediate receipt of cash. Rather than waiting months to complete the sale, I was able to walk away with a lump sum payment in a matter of days.