Florida is a land investor’s paradise with a vast array of natural beauty and commercial potential. The state’s robust raw land availability positions investors to build retirement home sites and thriving business communities. Yet, navigating raw land deals can become challenging without the right tools and knowledge. Fortunately, turning to a cash buyer can reduce investment risks and help investors acquire Get Cash for FL Property with Land Boss for long-term value.
A cash buyer can make a fast and straightforward sale of property, eliminating financing hurdles and speeding up the process of getting to closing. However, this route to sell real estate may come with some trade-offs like a lower offer price and limited negotiation flexibility. Here’s how to choose a reputable cash buyer for your Florida property.
The 2 % Rule
In the case of investing in real estate with the purpose of reselling it, lenders will want to know if the monthly income generated by the property could comfortably cover your mortgage payments. To ensure this, many investors use the “2 % rule,” which states that a property’s monthly rental income should be at least 2 % of its purchase price. While this rule isn’t enshrined in law, it’s an essential consideration for anyone planning to sell their investment property.
The 2 % Rule also applies to landlords who plan on renting out their property. In order to ensure that the rental income will cover the debt service, a lender will want to see a solid and stable financial track record of at least 2 years. This will give them a sense of the landlord’s ability to manage the property and generate revenue.
Sell Your House to a Cash Buyer
When selling your property to a cash buyer, it’s important to compare the offers you receive from multiple buyers. One of the best ways to do this is by using a cash buyer marketplace, such as Houzeo, which connects homeowners with local cash investors who are ready to buy their homes. Houzeo streamlines the home-selling process by listing the property on the MLS, managing offers and showings, and conducting market research, giving homeowners more leverage to negotiate with the cash buyer of their choice.
To get started, homeowners can contact Houzeo’s local iBuyer certified specialists and share basic information about their property. After evaluating the property, they will provide a preliminary cash offer. Homeowners can then compare the offers and choose which one to accept. Once the terms of the deal are finalized, the homeowner can close the sale within 24 hours. In addition to offering a quick and easy transaction, Florida cash home buyers also provide competitive offers and no hidden fees or deductions.