Quick Guide: Sell Your House for Cash in Kansas City
The average home will sit on the market for 56 days before someone buys it.
What if you don’t have that type of time?
Instead of going the traditional route, you should try to sell your house for cash. This will help you get out of the home much faster, and it can often be a lot less work (and stress). But that’s only true if you stay smart and know what you’re doing.
We’ve put together this guide to show you how to sell your house fast for cash in Kansas City, so let’s get started!
Figure Out the Value of Your Home
When a buyer makes a cash offer on your home, there’s a good chance it will sit on the lower end of your price range. This is normal, and it’s something you should expect when you’re selling your house for cash in Kansas City.
But that doesn’t mean you should just accept any low offer that comes your way.
Ensure you know what your house is worth, so you know when to say no and wait for a different buyer. If you don’t know the value of your house, do some research online. There are many valuation tools out there that’ll help you get a rough price point on your home.
For something more exact, you should talk to a real estate agent. They know your local area, and they’ll be able to tell you how much your home is worth compared to the other houses in the city.
Put Together a “Selling Plan”
There are a few things you have to decide before you put your home on the market.
First of all, do you want to sell your home as-is or make home improvements that’ll raise the value? Many cash buyers are real estate investors, so they won’t care much about your home condition. And while upgrading your home can get you more money during the sale, you likely won’t make back everything you spent.
Remember, cash offers tend to be low. Selling your house as-is might be better for both your wallet and your schedule (it’s much faster).
The second thing you have to decide is whether or not you’re going to hire a real estate agent or sell your house on your own. There are pros and cons to each option, and here’s a closer look.
Hiring a Real Estate Agent
A real estate agent has the necessary tools and experience to market your home, which will attract buyers and help you sell faster. The downside of a professional agent is cost. You’ll have to pay them when the deal goes through, meaning you get less money from the transaction.
Selling by Yourself
When you sell your home on your own, you get to keep all the proceeds, but that also means you have to find all the buyers on your own. If you don’t know what you’re doing, your house could end up sitting on the market for six months to a year (or even longer). If you don’t have a lot of time, you shouldn’t try selling on your own.
Decide Who You Want to Sell To
Most American’s don’t have enough money in their bank accounts to pay for a house in cash. Because of this, there won’t be as many families flocking your home.
That doesn’t mean you’ll have a hard time selling your home, though.
Many real estate investors are willing to buy your house in cash, and they can finish the sale in a matter of weeks, much faster than the traditional timeframe. This often makes these types of companies the best choice when selling a home for cash, so don’t limit yourself to one type of buyer.
Instead, keep an open mind and focus on the offers.
Stay Away From Companies That Ask for Any Upfront Costs
Did a real estate company offer you a great deal only to ask for you to pay them upfront costs? No matter how legit the company seems, this is a common scam and a major red flag. You should never have to pay a real estate investment company money before the sale (or any money at all).
To avoid these scams, don’t hand over any of your money at any time. You should also research any company that makes an offer on your home to make sure they’re reputable.
Get Proof of Funds
You should always get proof of funds before accepting an offer, especially if you’re working with an individual buyer (not a company). This will show you that they do, in fact, have enough money in the account to cover the cost of your house. Don’t get so excited about being able to sell your home for fast cash that you skip this step.
Otherwise, you could end up in a dangerous position where you don’t have the money, but they have the house. Never go through with a sale if you aren’t 100% positive the buyer has enough money.
Take Care of the Paperwork
Once you’ve found a buyer and seen proof of their funds, you’re ready to finish the sale. At this point, you need to sign the purchase documents and fill out any other necessary paperwork. Then, once the house finishes going through the closing process, you can take the money and wipe your hands clean of the home!
How to Sell Your House for Cash in Kansas City (Without Getting Scammed)
Selling your house for cash is a perfectly safe way to pass your home into the possession of someone new. But you have to take your time and do your research. Before you sell your house for cash, make sure you follow the tips on this guide, so you know how to get the best deal and how to avoid scams.
Do you have a property you need to get rid of fast?
Don’t hesitate to let us know! Our team will look at your house and give you a fair offer as soon as we can!