Sell your house fast for cash in Cocoa

If you are thinking about trying to sell your property in Cocoa, Florida you probably have a relatively new house that was built in the last 40 years. Most of the houses in Cocoa were built in this time period due to the growth spurt that the Kennedy Space Center created. Houses were built quickly to meet the demand for new residents and now have surprisingly similar signs of wear and tear.

Though there are upper class and historic places that have been preserved in Cocoa there are many distressed houses due to an overwhelming amount of lower income neighborhoods. Statistically, these neighborhoods have a high crime rate so there are many growing families looking to sell their house fast for cash and move to a safer area.

Reasons for selling your Cocoa house to an investor can vary but most likely there is a financial issue that has caused you to be a motivated seller. Of course it’s possible to work with a realtor, but a lot of people in financial distress need to sell their house quickly. Fortunately for them, we offer lease to purchase programs that allow us to buy houses at much higher prices as the seller gets gradual payments throughout a set term.

This was good news to the owners of this beautiful home who needed solutions to keep their divorce amicable. Divorce seemed impossible when they got married 4 years ago. Their plan was to settle in Brevard county and raise a family by the beach as the husband furthered his career in boat sales. But ultimately the couple decided to part ways and liquidate the last thing they had in common which was their house.

Typically in a divorce situation in Florida, a real estate investor is essential in the selling process. They can give an exact closing date which must happen before the divorce so the sellers can claim a $500,000 tax deduction. If the closing happens after the divorce then they will only get half that. This is just one situation where the need to sell your house fast for cash makes working with a realtor a bad choice.

Of course there are many situations where working with a realtor makes sense. But especially with houses like this one they only serve to complicate the selling process. This happens when they ask the seller to invest money into renovations so the house can be sold at a higher price. This request sounds logical but usually the seller doesn’t have any money to spare.

Also, the higher price that a seller believes he can get when using a realtor is usually overshadowed by a 6% commission that will be paid to the 2 realtors involved in the transaction. These commissions don’t exist when selling a house to an investor. In fact, at the closing an investor would cover all the closing costs to make the process streamlined for the seller.

On the other hand, the costs associated with selling through a realtor can really add up. This schedule of anticipated fees and draw downs was something that I recently showed a seller when making a quick cash offer on their house.

There are people who choose to live off the grid and feel happier than those who don’t. Between King Street and Lee Street you can find little grottoes like this where people would rather be left alone. This house is owned by a former construction worker and his wife.

Normally a family like this wouldn’t be doing any repairs even if they wanted to because they are on a fixed income. Now that the city has condemned the house they know it’s time to sell to an investor. The plan is to sell their house fast for cash and find something that’s in better condition.

Buying pretty houses for cash in Cocoa

The last two pictures of ugly houses are typically associated with real estate investors but it’s important to state that we handle all kinds of houses. We are especially interested in pretty and well maintained houses. For example, Cocoa has an expansive upper class neighborhood called Viera where higher class properties are plentiful.

Here we see a very nice example of the kind of houses we look for which are found in abundance in housing developments near Stone Street. The grass is well manicured which is a sign that a bank owns it after a foreclosure.

If this family had reached out to us before this happened they would have been able to walk away with a lot more cash. Probably the biggest reason why banks successfully foreclose on so many houses is that homeowners don’t know the role that investors play in the real estate ecosystem. In the case of this house, if the family had contracted with us to sell their house fast, even 2 weeks before the foreclosure, they would have left in a better position.

Between Grissom Parkway and Falcon Blvd. in Cocoa there is a large swath of houses that are perfectly suited for middle income families. There always seems to be a lot of work to be done in that area for real estate investors. The reason is that home repairs require money that seems to be scant in areas like this. For a typical house, damages can accumulate and gradually drag its value down leaving it undesirable when it’s time to sell. In this situation, selling the house fast for cash through a real estate investor is the best option.

In this picture we can see the beginning of a slow cycle of degradation. For the last 3 months there has been a tarp on the roof and no doubt the neighbors have gotten used to the site. So how did this happen? The tree branch stump extending to the house can give a clue. There was enough money to remove the rest of the branch from the roof after a strong storm came through Cocoa but fixing the roof will have to come later.

In cases like this, many times the roof is not fixed for years and so the real estate investor becomes a valuable necessity. When a house like this is sold, the price is a lot lower than similar houses would be so the real estate investor can bankroll the repairs and sell at a profit.

In the scenario of a tarp roof that exists for years, many times the city will place liens on the house periodically as punishment for procrastination. This shows the dual functionality of an investor who can bargain with the city to get the price lowered or eradicated altogether. An experienced investor can work wonders with debt that has been the longstanding barrier to the sale of a property.

Real estate agents are not accustomed to these kinds of situations. They favor the general sale of unencumbered houses that can be bought and sold fluidly. Sadly, the difficult work of debt eradication is not part of their certification curriculum. A great percentage of US home sales involves liens and real estate agents are woefully unprepared to face this problem. That is why real estate investors are frequently called upon to sell a house fast for cash. We provide the solutions so neighborhoods can continue looking clean and fresh for everyone.

Reasons to sell fast for cash to a real estate investor in Cocoa

As we have seen in the last example, damage to a house can happen through natural events. Since Cocoa is next to the Florida shoreline, the city is more vulnerable than an an area like Orlando which is closer to the center of the state. But there are other cases where investors are sorely needed that don’t involve the weather, two of which have already been mentioned here.

1. Financial duress where the mortgage has not been paid for a while can be a calling card for an investor because foreclosure is close at hand.
2. Liens placed on the house can be done by the city or a second mortgage. They must be taken care of before ownership can change.
3. Inherited houses are expected to be a gift but often become a nuisance that can’t be easily divided between heirs. Investors provide the solutions that realtors are not accustomed to dealing with.
4. Divorce necessitates a quick closing in Cocoa. Closing before the divorce happens can put a couple in a better position for tax issues.
5. Job relocation can be a sudden factor that prompts a house sale. Real estate agents can require 3-5 months to sell a house if it sells at all. An investor can close quickly and give the exact date it will happen.
6. Distressed houses can be fully paid off but still not sell easily on the MLS because retail buyers don’t want to deal with repairs. This means your asking price will be a lot lower than you expected to get. Just because your neighbor’s renovated house sold at a certain price doesn’t mean yours will.