How Do I Sell My House In Kansas City For Cash?
How much cash can you give me when I sell my house in Kansas City is obviously a big question you’d like answered. Here on this page, we will explain the entire process, how we buy houses in cash, first through a quick overview, then followed by a more detailed actual breakdown of an offer we have recently made a homeowner just like you.
How Can I Quickly Sell My House
Our home-buying process is simple as you can see below.
1 Fill Out The Form
Once we receive your information, we research how much your house would be worth on the current market if it were completely renovated, everything brand new, all fixed up, clean, updated, and picture perfect.
2 Schedule Your Appointment
During the appointment, we walk through your house to determine how much it would cost us to make all the updates needed. Once we know how much money we would sell it for, and how much it cost us to fix it up and then sell, we can take those numbers and present you with a fair offer.
3 Pick A Closing Date
If you like the offer, fantastic, we can close get all the paperwork together, get it to the title company and we close on your schedule.
You get the cash; we get the house, and everyone is happy!
It's That Simple!
"With my sister living in Arizona, me in Alaska and my brother the only local resident to manage the affairs it was decided to sell the property to your company. That was the best decision we could have possibly made. Thank you for your professionalism and patience during the difficult times that our family faced."
Mark Hughes - Anchorage Alaska
(Blue Springs Home)
Our Offer to Buy Your House
Our offers are based on the After Repaired Value of your house. This way we can make the highest fair offers for your house where we get you with the cash you need and still make a profit.
Here's the formula we use to generate our offer to buy your house:
[Our Offer] = [After Repair Value] - [Cost Of Repairs] - [Our Hard Costs] - [Our Minimum Profit]
This Is How We Calculate Our Cash Offers:
1
We Determine The After Repair Market Value Of Your House.
After Repair Value (ARV): this is what your house would be worth if it were completely renovated based on current market standards to look just like the houses on your favorite HGTV show. We base your offer from this value.
2
We Calculate The Cost of Repairs
The Cost of Repairs: this is how much it would cost the US to renovate the house and make it look like those houses on TV and ready for the market. We strive to increase the value of the house so we can get as much as possible for it. This means a higher offer for you and an acceptable profit for us.
3
We Determine Our Costs
The Selling Cost: includes all the costs associated with selling a property. Although we buy houses from homeowners without involving agents, we, on the other hand, to give you a higher offer, do need to be able to sell the house for top value after we fix it up (this was the whole point of fixing up the property). That means we list it with an agent, which means we have closing costs and agent commissions to pay.
The Buying Cost: includes all the costs associated with buying the property from you. Generally all the fees the title company charges.
The Holding Cost: includes all the costs associated with owning the home: taxes, insurance, utilities and yard maintenance.
4
We Take Out Our Profits
Our Profits are Reasonable. This is a business and without profit we wouldn't be able to buy houses, pay our contractors, and plumbers, etc. Rest assured our profits are fair, and this business prioritizes the highest possible offers (otherwise no one would accept our offers and we'd be out of business!)
Simply put, it all boils down to this simple concept:
Your offer will be the market value of your house completely fixed up, minus all the costs associated with us bringing the house to its completely fixed-up condition, minus our buying, selling, and holding costs, and last minus our profits (of course).
Get Your Offer Started
Today
Here's What Sets Us Apart
Timing was Everything
Timing was everything and since I am not handy doing all the little things the realtor wanted was not going to happen. They made me an acceptabl offer, even took the stuff I could move to my new place and closed on my schedule so timing worked out.
Jason F - Lenexa
An Actual Case Study
We know you are thinking
"All these hypotheticals are great, but can we talk about a real house with real numbers?"
Let’s look at the North Wayne
A typical 30 to 40 year old home, North Wayne had been maintained, but not updated. It had two bathrooms and a kitchen that were stuck in the previous century. It needed a lot of work.
We took a look at the other houses in the neighborhood and all their updates and here is what we came up with:
After Repair Value: Based on what the houses in the neighborhood were selling for, we determined that if we put in the work to bring this house into the current decade, we should be able to sell it for $270,000.
Cost of Repairs: This house needed a lot: 22 replacement windows, garage doors, openers, a new kitchen, 2 bathrooms remodeled, light fixtures, hardwood floors refinished, electrical outlets modernized, interior and exterior paint, and new flooring in all the rooms . . . our total cost of repairs $65,000
Hard Costs: Cost to buy, to sell, and holding costs which are generally about 10% of the After Repair Value, so right at $27,000
Minimum Profit: $30,000
Plug all that into the formula below . . .
[Our Offer] = [After Repair Value] - [Cost Of Repairs] - [Our Hard Costs] - [Our Minimum Profit]
[Our Offer] = $270,000 - $65,000 - $27,000 - $30,000
[Our Offer] = $148,000
Would It Sell As Is?
Selling a home As Is, means selling it as it sets with no repairs made. Just clean it out, clean it up, and list it for sale. That is an option we discuss with some sellers who want a bit more than what we are able to offer. But the trade-off in getting a bit higher price is the real estate commission and all the work getting the house cleaned out and ready to be listed. Sometimes it’s easy to get a house ready to be listed, other times it can be a daunting task.
For this North Wayne House, the seller could have called in some friends to help him pack up all his stuff. Then hired a real estate agent to sell it “As-Is” for $160,000. But for that $160,000 he would have had several more weeks of cleaning out the house, a real estate commission of about 6% or $9,600, and a potential buyer would have had a tough time getting the house to pass inspection for a loan. Net Proceeds $150,400 before closing costs.
What Happened at North Wayne?
The seller had the option of selling to us in about 10 days for $150,000, taking only the stuff he wanted and leaving everything else. Or he could have spent another few weeks to get it cleaned out, another month or so marketing it with an agent, to net about $150,000 after paying a real estate commission and closing costs.
Think about that for a minute, on this Wayne house, the nice seller was moving to an assisted living with much less space. He had some family and friends helping him, but they didn’t have a lot of time. So with their help, he packed up the stuff he wanted and left all the other stuff for us.
If you just don’t have time to waste, a solid cash offer you can trust to close on the date of your choice just might be your best option. Plus you can take the items you want and leave the rest for us. What would you do?
"We didn’t have to finish cleaning out the house, we didn’t have to make any repairs, and no more going to mow the yard."
Sylvia Green
Still Have Questions?
We try to be as transparent as possible and answer as many of your questions as we can here online. The easiest way to get all your questions answered is to fill out the form below and we will call you to discuss your situation and answer all your questions. We also have a frequently asked questions page that you may want to check out as well.