Kansas City’s Trusted Home Buyer

How to Determine a Fair Cash Offer for Your House

First Things First 

Before you actually take the step of listing your house on the open market, there are several things to consider. Especially if you are in a position where you have to relocate, so naturally, you have to sell – and sooner rather than later, preferably. Sometimes life has other plans for us. In this case, cash sales are quick and simple and should be considered.

 

Change of Plans

Change is difficult for all of us, some more than others, but especially when unplanned. When things get tough and you need a solution fast, contact the cash home buyers you can depend on, for complete transparency and integrity: Sell Your House Fast – Kansas City. 

 

Compare Prices 

The first thing to do when figuring out the selling process in the most efficient, cost-competitive manner possible, is to calculate the market value of your home and property. You can learn to accurately estimate the fair market value by doing two simple things. First, compare prices of similar houses that have sold recently in your neighborhood and get an average. 

 

Property Tax Bill 

Then, look at the most recent bill you have for your property taxes. Near the bottom, look closely and you should see the appraised value amount. Last but not least, take these two numbers and find a listing price you can live with somewhere in between. This is a good place to start when selling a house. Beware of making the common mistake of overpricing.   

 

The Trouble with Tradition 

There are many problems with a traditional home sale when you just need to sell quickly. Most traditional buyers depend on a mortgage loan for the funds to pay for the property. A mortgage loan means a lender involved transaction, which is the reason closing takes so long. Mortgage lender requirements are strict and lengthy. 

 

Lender Contingencies

 

Some of the things that take the most time due to the lender are a home appraisal contingency, an inspection contingency, a financing contingency, an in-depth credit report and required credit score, and any repairs deemed necessary upon performing the home inspection. All of these things must be completed before a financed offer can be approved. 

 

Individual Cash Buyers

Sometimes even with a traditional sale, home sellers could find individual real estate investors making a cash offer on a house they’re selling. A buyer with their own cash will mean fewer contingencies. But how do you know the person has the money? 

 

Make Sure it’s Legit 

First, ask them how much money they plan to put down for the earnest money. Second, let them know you’ll need to see proof of funds. A bank statement is good for proof of funds. If your buyer is paying cash, be sure to keep a settlement statement for recording all money exchanges with amounts and reasons. The title and escrow company should handle all of this, as well as the title insurance. 

 

Real Estate Brokers or Agents 

 

This is a big one. In a traditional sale, having a real estate agent is necessary to get top dollar for your property. The problem is, real estate agents earn standard commissions, which average a home seller 6% of the purchase price. This typically covers both the buyer’s and the seller’s agent but usually represents one of the highest costs of selling. 

 

Closing Date 

Any financed offers, as well as when dealing with an individual who’s an all-cash buyer, will negotiate a contract. But before you sign closing documents, consider hiring a real estate attorney to go over the contract and make sure everything is as it should be. After all, you have a lot at stake here! It’s always a good idea to have an attorney check out any contract before signing it.

 

All Cash Offer 

When selling your house, an all-cash offer makes the transaction take much less time, and a cash sale is so much simpler than a financed offer. The thing is, all the costs we’ve talked about – plus many more – are avoidable, if you speak to a buyer before you put your home on the market, and work out a fair price for a cash deal instead.

 

Cash Buyers – Companies 

 

There are many legitimate companies that buy houses that offer cash. Many of these house buyers may attempt to take advantage by discounting their offers by more than 20%, plus charge hidden fees for the service. Of course, a discounted price is expected in the case of all cash offers, but who can you trust? How do you know you’re getting a fair cash offer for your property?

 

Sell Your House Fast – Kansas City

That’s where Sell Your House Fast – Kansas City comes in. We are built on a foundation of integrity and reliability, and we believe in full transparency. You can check out our website for all the pricing details and what you need to know regarding cash offers from us. We will guide you through the entire homebuying process, to show you we will always offer a competitive price and a fair offer.

 

Smarter Option – Simple Process

It just makes sense when you need to sell quickly, and prefer the simplicity of having someone buy your house outright for cash. The process is simple. Just fill out the short form on our homepage, right here on this website. A cash buyer will be in touch shortly to schedule an appointment to visit the property in person. At that time, they’ll discuss your situation and explain the deal. The cash buyer will make you a cash offer on the spot! No obligation, no strings attached. 

 

Advantages of Using Sell Your House Fast – Kansas City 

 Here are some of the perks our clients enjoy: 

  • NO REAL ESTATE AGENT COMMISSIONS!
  • NO CLOSING COSTS!
  • NO HOME INSPECTIONS NECESSARY!
  • NO HOME APPRAISALS NEEDED!
  • NO HOME REPAIRS NECESSARY! 
  • NO HIDDEN FEES – WE PAY ALL LEGAL FEES AND ANY OTHER COSTS ASSOCIATED WITH THE SALE OF YOUR HOUSE!
  • WE WILL BUY YOUR HOME AS-IS, IN ANY CONDITION!
  • YOU RECEIVE A CASHIER’S CHECK IN AS LITTLE AS TWO WEEKS!
  • GET A FREE, NO OBLIGATION CASH OFFER ANY TIME! 

So what are you waiting for? Contact Sell Your House Fast – Kansas City today! 

Share the Post:

Related Posts

Local Market Trends in Kansas City

Local Market Trends in Kansas City, MO We might be biased here, but we firmly believe Kansas City, Missouri is one of the greatest places