Selling Your House To An Investor?
If you’re thinking about ditching the traditional route of listing your house through an agent, and wanting to sell your house quickly and for cash, you might be wondering how much will an investor pay for my house in Kansas City? There are a lot of different factors involved here, so I wanted to walk you through the process and all these different pieces in order for you to better understand what kind of offer you’re going to get from any sort of companies that buy houses for cash, but especially us here at Phenomenal Properties KC. We strive to be extremely transparent and let you know where our offer is coming from. We don’t just throw a number out there and hope to low ball you or get your house for cheap.
What Is Your Home Worth In Today’s Market?
The starting point to understand how much will an investor pay for my house in Kansas City is what current market value of your home. This is what your house would sell for on the market if it was in quality shape, comparable to other homes in your neighborhood. Essentially, this is what the value of your house is after it’s all repaired, it’s all cleaned up and everything’s good to go. You can learn what this value is by receiving what is called a comparative market analysis, or CMA. As real estate agents, we are able to give you that report for free. So if you’d like a report on what your current value of your house would be, reach out to us and we’ll get that over to you, no obligations or anything. So again, the current market value of your house is the starting point here.
Making Repairs and Renovations
The next factor that’s going to get layered onto this is what sort of repairs and updates need to be made to your house to get it in the condition where it would sell in the market for that market value. Typically here at Phenomenal Properties KC, our goal is to get the house up to the standards of the other properties in our portfolio. So we have certain expectations on where we want things to be, and we know exactly how much it will cost for certain work.
Any sort of major repairs will also need to be addressed, so if your home has an older roof, the HVAC system needs to replaced, you need some new siding, you’ve got a lot of wood rot, or any number of different high cost items that need be done will be factored into this too. So if there’s anything that needs to be replaced, upgraded, repaired, we are going to factor this into our offer.
However, keep in mind that if you were selling your house on the market, through an agent, you would be having to make a lot of these repairs anyways. So just keep in mind that when selling to an investor like Phenomenal Properties KC, you’re selling your house as is. You are skipping this step of making any sort of repairs or updates. And that’s one of the luxuries of selling to a we buy houses company like us.
Time Is Money, And With Time Comes Bills
Another set of costs that’s factored into all of this is what we like to call holding costs. These are various costs that are going to be transferred to us as we are holding on your property making repairs and updates. As we’re doing all this, we are going to have to pay certain things like insurance, utilities (electricity, water, etc.), and property taxes is also a big one. All these certain items that we’re going to have to pay while we’re making these repairs are going to be factored into that offer number as well.
But keep in mind that by selling your house quickly and being able to get rid of it in just a few weeks, you’re able to avoid all these costs and unknowns yourself. These costs are transferred over to us, and you won’t have to keep worrying about making these payments on a monthly basis.
Our Slice Of The Pie
And last but not least, there’s our slice of the pie. We are providing a service of buying your house quickly for cash and getting you out of a tough situation, saving you a lot of cost, time, hassles. So there is going to be something built in for our services here as well.
Remember, our goal here is to have a win-win for everybody. So if we’re able to find a price point to offer you that takes care of your mortgage and all your other costs and debts, as well as pay our contractors so that they’re able to make a profit and then have some leftover for us at the end for our cut… then we’ve done it. We’ve found that win-win for everybody.
So keep all these things in mind when you are wondering how much will an investor pay for my house in Kansas City. Here at Phenomenal Properties KC we are very transparent about our pricing and why we are offering you the amount we are for your house. So don’t be afraid to ask us any questions, and if there’s anything in the world that we can do for you, reach out and see if we can come up with a solution for you.
And remember, we’ve only got one life, make a phenomenal.