Once I found a patron for my home, I started looking ahead to the pay-out at closing.
It took awhile for me to realize that accepting the offer of a potential patron doesn’t ensure the sale.
There are many concerns that need to be resolved along the way. The largest hurdle was the apartment inspection. At the time, I wasn’t totally aware how an inspection works or the possible problems that can arise. In Jacksonville, Florida, an apartment inspection requires a licensed, third-gathering inspector to assess essential features of the home. The inspection encompasses the heating/cooling system, roof, plumbing, electrical systems, foundation & multiple interior & exterior components. An inspection verifies that all major systems & appliances operate officially. The inspector looks for disfigurement, safety hazards & health threats. Specialized equipment is used to detect moisture, poisonous materials & electrical problems. A detailed report provides the findings & whether or not the dwelling has passed or failed inspection. The inspection revealed foundation concerns with my home. It was determined that cracks on the exterior walls of the apartment could allow moisture & pests into the living environment. There was the potential for floors to warp & walls to collapse. According to the apartment inspection, the stability of the apartment was at risk. Because of the problems with the foundation, the potential patron was unable to secure funding from the bank. The apartment wouldn’t qualify for either insurance or a mortgage. I reached out to a contractor for an estimate, & the repairs were harshly upscale. I didn’t want to sink that amount of money into a property that I was moving out of. Rather than deal with foundation problems, I decided to sell my apartment through a money buyer. I chose a family-operated money apartment patron that is local to Jacksonville, Florida.