The Cash Selling Option
In Florida, avoiding foreclosure can often be achieved through a cash home sale, which expedites the transaction and eliminates common hurdles of traditional selling.
What Is a Cash Home Sale?
A cash home sale involves a direct purchase of a property where the buyer offers to buy the house outright without financing. Cash home buyers in Florida typically promise a faster closing period because there’s no need to wait for bank loan approvals.
- Speed: Cash sales can close in as little as a week, while traditional sales may take 30-60 days.
- Simplicity: Cash offers eliminate many steps like appraisals and inspections, which are standard in traditional sales.
- Certainty: With cash sales, the deal is less likely to fall through due to financing issues.
How Cash Sales Differ from Traditional Home Sales
Important Documents to Have Ready
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Proof of Ownership: Deed or title documents.
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Property Information: Recent property tax statements and any home warranty documents.
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Outstanding Liens: Information on mortgage balance or any existing liens.
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Disclosure Forms: Florida law requires sellers to disclose specific property details to buyers.
