Are you looking for tips on how to save money when you sell your Kansas City investment property?
Selling can be a little confusing sometimes especially when you want to know how to save money when you sell your Kansas City investment property. Depending upon the situation that you’re in you may need to do a little research to make the process as pain free and fast as possible
Typically when people sell a house or an investment in Kansas City they list it with an agent and put it out there hoping the agent priced it right and that the agent does a good job marketing the property. What many people fail to realize is that listing with an agent isn’t always the best decision. As you’ll see below there are other options available when selling your Kansas City investment property.
FSBO
One route that many people choose to explore is selling their investment on their own. When people are searching for ways to save money when selling their Kansas City investment property this is typically the first thing they explore. As you’ll see when you go this route to sell you can definitely save money, if everything goes right. If you are able to get what you want from your property when you list it on your own you’ll avoid paying some of the agent’s commission. However a lot of people fail to realize that if a buyer uses and agent to help them buy your property you may still end up paying the buyer’s agent commission. You will also likely get asked to make repairs to the property, you’ll pay for marketing, and you’ll also pay for closing costs.
You also need to realize that selling a property on your own is a time consuming process. You will have to answer every call you get, make sure that you are available to show the property, then facilitate closing and take care of all of the paperwork. This is a big job and the chances of you getting what you getting a full price offer aren’t that great when you list FSBO.
Another thing you might want to consider is to sell to a professional house buyer such as PSR Home Buyers. When you sell to a professional home buyer you will eliminate all of the hassles of FSBO. You won’t have to pay for any of the repairs. There will be not closing costs, and you’ll avoid ALL of the hefty agent commissions you’d pay typically. Many investors choose to sell to other investors because they both know exactly what the property is worth. In fact often times it’s easier to structure a deal so that you both come out on top.
But if you do decide to list
Don’t spend money rehabbing the property
As an investor and a real estate agent I see people make this mistake all the time. They think that if they put a bunch of money into a house fixing it up that they are going to get all that money and then some back when they sell the home. Unfortunately that’s not how it works. You’re better off pricing the home correctly taking into account that it needs to be updated. If there are certain things that are absolutely necessary repairs then by all means address those. Before you do anything though speak to your agent and make sure that what you are considering doing will be beneficial when selling the house. You aren’t going to save money when you sell your Kansas City investment property if you just start throwing money at it to get it up to today’s standards.
If you are looking for ways on how to save money when you sell your Kansas City investment property, just let me know. As an agent and an investor I will walk you through all of the options you have available that will help you save money when you sell your Kansas City investment property.