Listing your home for sale on the open market with a Realtor can be a stressful and costly process, so it is best to understand the traditional selling process in advance.
Real Estate Commission
Let’s discuss real estate agent commissions first. While commissions can vary between companies and real estate agents, generally you will see prices that range anywhere from 2 % to 8% and some will have a flat minimum fee. If you’re like most home sellers, your second thought after deciding to sell was to wonder if you could sell the property yourself, For Sale by Owner and save the real estate commissions.
The short answer is yes, you can, but statistics show you often leave money on the table, even after you factor in the commission. The National Association of Realtors shares that FSBO properties typically sell for less than the selling price of other homes. And in 2020, FSBO homes sold at a median of $260,000, significantly lower than the median of agent-assisted home sales at $318,000.
There are several ways to sell your home, the most common is listing it with an agent, next comes selling it For Sale By Owner. The third way many people sell is to sell directly to someone like us here at kcmoHomeBuyer, proven, professional cash buyers. What sets us apart from many Realtors and many Cash Buyers, is that we are both. That puts us in a unique position to share with you all your options and you can choose the one that works best for you.
We can outline what your Kansas City home would sell for if you were to list it and all the work that might entail. We can give you a solid cash offer, that requires no work on your part and you can even leave your stuff. And armed with this information, you can make the decision to list it with us through our real estate brokerage Realty Resource, take our cash offer, or perhaps sell it to a friend or family member, we would be glad to help you facilitate that as well.
By working with a professional home buyer like the Tuckers at kcmoHomeBuyer, you’ll know all the data you need to make the best choice for your circumstances. At kcmoHomeBuyer, we do this because we want you to feel good about the deal and your experience with us long after you sell your home; that is why if listing with our brokerage is a better fit than our cash offer, we’ll tell you.
One cost that some people don’t consider when they set their asking prices is the cost the house poses monthly while you get it ready for sale, while you market it, and while you work through the closing process. If you add up the real estate taxes, the insurance, any mortgage interest, all the utilities, the cost to maintain the yard and remove snow if needed (we think about this even in August), and then the time to check up on the house. We bought and rehabbed a house in 2019 and we calculated it was costing the family between $650 and $700 a month to hold the house vacant and it was free and clear.
So how does this relate to the asking price? Well, time and time again, we have seen sellers with a listing price that was too high. Month after month it sat on the market with no offers. Then the family gets desperate, they slash the price and sell for way too little.
When you consult with us here at kcmoHomeBuyer will advise you of the current market value of your property and just how much you would profit by listing with an agent or what you would make selling it to us. We can also give you a rough estimate of how long it will take to sell your home via listing and we can give you a cash offer closing on the day of your choice, no waiting and wondering when it’s going to happen.
Prepping and Repairs
To bring the highest sales price, the average Realtor will want you to prep and make necessary repairs, and these expenses will come out of your pocket before the sale. We can go that route. We can also give you an estimated sales price with little to no repairs and offer a home for sale as-is, just keep in mind when a home is marketed “as-is” you will get a lot of buyers who are looking for a “good deal”. And often once they get that “good deal” price negotiated, they will still ask for concessions or repairs once inspections are completed.
There is no prepping or repairs when you sell the house to us. Pack up what you want and take it with you. Leave the rest, we will take care of it.
As a seller, you hire real estate agents to market your home and bring you a qualified buyer. Presenting the home to potential buyers in its best light can significantly enhance your profits, so expensive high-quality imaging and staging methods, often paid for by sellers, have become industry standards. So naturally, showings and open houses fall under this category and are a must when listing. And remember, when the house is being shown, you can’t be there. So be prepared to miss a lot of dinners as quite often buyers will want to see your house between 3 and 7:30 pm.
By working with us our team at Realty Resource or taking a cash offer from us here at kcmoHomeBuyer, you can skip the marketing and go straight to the closing table.
Work with kcmoHomeBuyer
Working with the professional home buyers at kcmoHomeBuyer and our full-service network of providers means that you work with a highly superior local team of specialized industry pros, from attorneys to the closing. With our local connections at kcmoHomeBuyer, you can avoid spending too much on your Kansas City home sale because we move swiftly and efficiently, saving you valuable time, money, and the hassles and stress of listing. Contact kcmoHomeBuyer today at [phone] to learn more!
Sell My House Kansas CityGet a fair, all-cash offer for your house and get the peace of mind knowing our firm offer does not change just before closing.
Glad we Called
We had inherited Mom and Dad’s house a few years ago and had decided to rent it out. But being a landlord was not the best choice for us as it was a never-ending battle to keep it rented, keep the rent coming in and to fix it up every time that didn’t work. We were fed up and ready to be done with the whole situation. We called Scott at kcmoHomeBuyer and he was able to talk us through the situation on the phone, meet us at the house and make us an offer. We didn’t have to fix a thing, he took all the junk the last tenant left, and we closed a couple of weeks later.
Glad we called.