Owning a house you don’t want in Kansas City Metro can hold you back in many ways. Learn how in our latest post!
There are a lot of people in the Kansas City metro that own a home that they no longer want. They are holding onto the home for a variety of reasons. Many of these reasons are costing them, they are costing them financially, costing them on missed opportunities, and possibly holding them back in ways they may have not even thought about. Below I’m going to discuss a few of the common misconceptions people have about owning the wrong real estate in Kansas City.
You Won’t Be Able To Find A Buyer
When people own an unwanted house they often feel stuck. They feel they are stuck with the burden of owning a house they no longer want and don’t see a way out. They end up holding onto the house longer than they should because they are convinced that nobody else would want it either. However, there are people out there that are very interested in buying your unwanted Kansas City home. There are real estate investment companies such as PSR Home Buyers, that are looking for properties exactly like yours. Remember the old saying, one man’s trash is another man’s treasure. Don’t stay in a situation you aren’t happy with, also don’t instantly assume that if you sell your home you won’t get a great price. Put yourself out there and give us a call, we would be happy to speak with you about a variety of options.
You Won’t Be Able To Get A Great Price
As a local real estate agent I often hear from my clients that they are afraid they won’t get a great price for their Kansas City home. They aren’t fans of the house and they feel like others won’t be either. They’ve convinced themselves that because the house is in need of repairs or isn’t the best looking house that they won’t get a good price if they sell. In reality that’s not the case. When you sell your home and you find the right buyer they won’t try to give you a lowball offer. Professional home buying companies, such as PSR Home Buyers will ALWAYS pay you a fair price regardless of the condition or situation your a dealing with.
One Day They’ll Fix It
So many people hold on to a property with the intent to fix it up, however, in the end, they never do. Instead, the basement will sit half-finished for another 5 years, the kitchen will remain dark and cramped, and the needed repairs will go undone. If you are really going to fix it, you would have already. If you are solely holding onto a property for what it maybe one day, you might want to find a house that is already what you are looking for in a home.
The Value Will Go Up
Sure, over time property values tend to rise, however, this isn’t always the case. When the markets are unstable, homeowners must be aware that there is potential for their property value to drop dramatically at any time. There isn’t anything worse than owning the wrong property, hoping the value will rise, only to find yourself with a property that is worth less than when you bought it. If you feel like you are stuck with the wrong house, the time to sell it is now!
They’ll Get Used To It
While you might get used to some of the problems, they will most likely just continue to drive you crazy. Frankly, that’s no way to live. Worrying about your property on a regular basis, paying for repairs, and dealing with problem after problem isn’t fun for anybody. While you might get used to some things, the question is, do you really want to? You don’t have to settle. You can liquidate your unwanted property, turn it into cash, and move-on to a house that makes more sense for your current situation.
If you own a house you aren’t completely satisfied with, don’t trick yourself into thinking it is what you should settle for. There is no rule that says you need to own the house forever.