Selling a house can be one of the more stressful events most people will face in their lifetime. That stress level increases when you are in a situation where you need to sell quickly. This article seeks to explore all of your options when selling your house in Kansas City.
Listing Agent
As stated in previous articles one of the first things most people think of doing when they need to sell quickly is to list their home with a local Kansas City real estate agent. Agents earn their money buy listing your home on the MLS. Agents search for a buyer and once the home is under contract and sold then the agent receives a percentage of the sales price.
When you decide to list on the MLS you will need to spend money updating your home and repairing any issues that the home may have. Then it will be time to play the waiting game. Sometimes you may not have to wait very long at all to get an offer on your house, but other times you could wait months before someone comes along and gives you an offer. However even if you do get an offer that doesn’t mean you are in the clear, then the inspections happen and you will likely have to pay to have repairs made. You also run the risk of having a buyer that ends up not qualifying for a mortgage. All of this just adds to the stress that you feel when you are selling your house in Kansas City.
Cash Offers
One of the easiest ways to sell your house is to sell it directly to a local home buying professional. Home buyers such as PSR Home Buyers, usually buy using cash, because of this you can expect a quick closing on your Kansas City house. The sale is usually an as-is sale, which eliminates a few steps from the traditional buying process. This ends up saving you time and money. This also alleviates you of the legal responsibilities associated with disclosure.
Professional buyers are taking higher risks, offer faster cash sales, and usually pay the closing costs. For these reasons, their offers are usually lower than properties sold as FSBO or listed on the MLS. Regrettably, there are less than honest buyers who may try to take advantage of time or financial constraints you reveal to them, so research carefully just who you’re working with. At PSR Home Buyers, we are dedicated to making offers to homeowners that are fair and well thought out.
For Sale By Owner
Selling a house in Kansas City on your own may sound appealing because you will be controlling everything. Professionals, such as real estate agents or auctioneers, charge fees for their services, cutting into your profits. Should you be experienced regarding legal issues where real estate advertisements and transactions are involved, you can save a great deal of money on the deal. However, it can be extremely costly and legally devastating to make an error on either advertising or how you handle all of the aspects of your sale with the buyer.
Short Sale
Sometimes, depending on your situation you might be able to work with your lender and negotiate a short sale. In some situations short sales work great and help the home owner sell their home. Unfortunately the short sale process is very slow. This process usually takes months to complete and can add to the stress of the situation.
Auction
Avoiding the headaches of showing your house is one of the favorable aspects of auctions. Additionally, these properties close quickly, selling as-is, so you won’t need to continue to pour time and money into repairs and upkeep of your house in Kansas City.
Keep in mind the usual fee for their service is a rather high 10 percent of the final purchase price. Because most auctions charge their fees to the buyer, lower bids are likely to be made in the attempt on the buyer’s part to pay a lower fee. Make sure you’re aware ahead of time if you’ll be responsible for their fee, which takes more away from your bottom line. Actually, realizing a sale of the property at auction isn’t guaranteed, there could low attendance or several properties up for auction at the same time, leading to lower bids
We’re happy to further explore all of the options for getting started now on selling your house in Kansas City Metro . Just call PSR Home Buyers today at (913) 708-1185 or send us a message to learn more!