Selling your Florida home is a big decision. Before you leap, there are many factors to consider, and it can be overwhelming to sift through all of the information. This blog post will discuss few surprising facts about selling off your homes in Florida that may help you decide whether or not now is a good time for you.
The surprising facts
- You can sell your home for cash in as little as seven days.
Many people looking to sell their homes fast turn to foreclosure listings, but that’s not the only option available. You don’t have to work with a real estate agent because you’re selling directly to an investor; this is called For Sale by Owner (FSBO). Selling off Florida foreclosures can be overwhelming and time-consuming because there are many steps involved, like staging the property or hiring an attorney, while working on FSBO allows you complete control of how quickly your house will get sold.
- You can sell your home for more than the market value.
Investors buy homes that need work and then bring them up to par, so they’re worth a lot more than you might realize. This means investors will pay much more than other buyers may be willing to offer because there are fewer problems with the property. So if you want to get top dollar for your house quickly, hiring an investor is probably going to be your best bet. The we we buy houses jacksonville is a company where you can sell your house in Jacksonville, Florida, for cash.
- There are no closing costs.
Once you sell your house to an investor, there’s usually no need for any additional fees or court costs because the deal is done as soon as a contract is signed by both parties involved. You may have to pay taxes on some of the money that was exchanged if it exceeds $600 in Florida, but this will be required regardless of whether you’re selling off real estate directly from a bank or FSBO.
- You can sell your home without paying for expensive repairs.
There’s a better chance that you’re going to get full price and avoid any costly improvements once you work with investors because they don’t care about the property’s condition. They only want homes in good shape, so if yours needs some TLC before selling it off, then find another buyer who cares more than an investor does.
- You can sell your home quickly.
Selling off Florida homes with investors is usually much more efficient than working with real estate agents because the process doesn’t involve any legal loopholes or haggling over repairs that need to be done before selling it. You’ll probably get an offer within seven days, and then you just have to sign a contract so the sale will go through. Once all of the paperwork has been signed by both parties involved, cash for keys is likely going to happen right away at closing.
- You can make a profit and still walk away with cash in hand.
When you work with real estate agents, there’s often no guarantee that your home will sell quickly or for the right price unless it is at full market value. This means if you want to get out of Florida, you’re probably going to be paying some money towards repairs and closing costs on top of what buyers are willing to pay.
- You can sell your home without having to use an agent.
Selling off homes with the investor means you won’t have to pay commission or fees that typically come along with telling real estate agents about what’s available for buyers. This is usually a better option because selling houses FSBO can be more expensive and time-consuming. Still, investors make it easy on sellers by removing all of those extra charges.