My company has been buying and selling real estate in the Jacksonville, Florida area, for the past 10 years.
It’s up to me to come up with a good cash offer for properties that have the potential to make a lot of money. There are lots of times when problems and repairs are too great for a homeowner to handle. One of the biggest problems that can occur is termite damage. Not all termite damages covered by insurance. You have to be able to prove that the termite damage was sudden and that can be difficult to do. Termites do a lot of damage before they can be noticeable. Another reason why someone might want a cash offer for their home is foreclosure. When foreclosure happens, the bank is going to come take your home and sell it at auction. Homeowners often received more money in a cash sale then they would in foreclosure status. Another problem that can occur is issues with fire or water damage. I recently purchased a property that had a great amount of fire and water damage. The Jacksonville, Florida property was located near the beaches. The owner wanted to get rid of the property fast. Insurance already paid for damages, but the order of the home did not want to use the money to fix up the property. The property was $50,000 below market when I found the listing and I felt that my company could scoop it up quickly. I met with the owner of the property and we discussed terms. A week later we presented the owner with a check and took legal ownership of the house and property in Jacksonville.
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