Case Study: 15432 Southwest 9th Way, Miami, FL
Property Address:
15432 Southwest 9th Way, Miami, FL
Purchase Type:
As-Is Cash Purchase
The seller’s situation: managing a Miami rental from Orlando
After a difficult divorce, the seller moved from the Miami home to Orlando and kept it as a rental. Managing maintenance from a distance was consuming time and money. The tenants were paying rent, with approximately six months remaining on their lease, and the seller wanted to sell as-is without requiring them to leave.
A leaking roof and insurance concerns
The roof had a leak that the tenants wanted repaired. The seller had been advised to replace the roof rather than patch it again and had received an estimate of around $30,000 for this particular roof. Insurance concerns added pressure to resolve the situation.
An as-is purchase with the tenants remaining
House For Cash agreed to purchase the property as-is with the tenants remaining. The target closing was approximately three weeks for this transaction; that was a target, not a verified statement of the actual closing duration or a promise for other sellers.
Title issues appeared during closing. The seller, title company and House For Cash coordinated additional documentation, and the closing was completed.
What happened after the purchase
The tenants remained after House For Cash acquired the property. The roof was later replaced. After the tenants moved out, additional renovation was completed, and the property was later resold.
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