The cash buyer eliminated the need to make repairs, get approvals and pass a home inspection
My husband and I bought a home in a historical neighborhood of Jacksonville, Florida. We were delighted by the charm of the original architecture, big windows and hardwood floors. We were able to afford the house because it was quite rundown and in need of major repairs. Since he and I are both quite handy, we had plans to handle the work on our own. We hoped to save some money and renovate the house to our personal preferences. However, we soon learned that historical homes require specialized approval for any repairs or updates. Getting permission is time-consuming and difficult. We were not allowed to replace the windows with modern, energy-star alternatives. We weren’t allowed to replace the roof with a more energy-efficient, fire-resistance material. Everything we tried to do was way more expensive, complicated and challenging than expected. Because of all of the requirements and limitations, we couldn’t afford to keep up with the deterioration of the house. We dealt with sewage backups, water leaks and a crumbling foundation. Eventually the many code violations meant that the property no longer complied with local building codes. The electrical system was so outdated that we worried about fire or electrocution. The only way we managed to finally sell the house was through a cash home buyer. We contacted a local Jacksonville cash home buyer who provided a no-obligation offer. The offer wasn’t as high as going through conventional means, but we were relieved to get out from under the responsibility. The cash buyer eliminated the need to make repairs, get approvals and pass a home inspection. There was no worry over financing, qualifying for insurance or realtor fees.
