When a tree fell on my home, it wasn’t covered by my insurance.
The roof was badly damaged, exposing the interior living space to the elements.
Plus, a wall collapsed, several windows broke and there were major issues with plumbing pipes and electrical wires. The necessary repairs were extensive. I got estimates from a roofing company, plumber, electrician and general contractor. As they added up, I realized there was no way my budget could cover the expense. I was unwilling to take out a loan and make payments for the next ten or twenty years. I wanted to walk away from the responsibility of the house and relocate. Living in Arizona, there are so many beautiful areas. I was interested in moving closer to the city and the endless amenities and conveniences. However, selling a house that is uninhabitable is extremely difficult. Very few buyers can purchase a home without securing financing from a bank. The banks won’t agree to a mortgage on a property that won’t pass inspection or qualify for insurance. I’d heard about cash home buyers but always assumed it was for people in desperate situations. Considering the condition of my home, I was a bit desperate. It took only a few minutes to fill out and submit the online form. I received an offer within a matter of hours. The offer was certainly lower than it would have been if I’d fixed everything and listed via conventional means. I appreciated the simplicity and expediency of the offer. The cash homebuyer eliminated realtor fees, inspections, financing and all sorts of time-consuming complications. They accepted the house as-is, and I received payment in full in approximately two weeks.