When I initially purchased my home in Phoenix, Arizona, there were a lot of negotiations involved.
I went back and forth with the seller and real estate agent about the various repairs that needed to be completed.
The house needed a new roof and electrical panel to pass code and qualify for a bank mortgage. There were discussions over who was paying the closing costs. There were numerous meetings, haggling over the asking price and then several delays in the process. In the end, there were more expenses and hurdles than I expected. I nearly walked away from the deal several times. About six months ago, I decided it was time to sell the house. I’d lived in it long enough that the roof was no longer in good condition. I was having problems with the entire plumbing system and all of my appliances were outdated and ready to be replaced. Rather than sink a ton of money into updating the property, I wanted to move into something smaller, more modern and less work. However, I couldn’t tolerate the thought of a traditional sale. I knew I’d either get forced into making repairs and renovations or need to significantly lower my asking price. I avoided the ordeal by reaching out to a cash home buyer. I chose a local Phoenix, Arizona, cash buyer with a long-standing reputation for successful sales and happy clients. They made an offer on the house “as-is.” Once I accepted, they handled all of the complex paperwork and arranged the closing date for my convenience. I was able to walk away from the house ten days later.