Downsizing Your House

Downsizing Your House? Here’s How to Sell Your House Fast

You may spend your whole life building your empire only to decide to get rid of it all at retirement. You are not alone. The current trend for homeowners old and young is to downsize and move into a smaller house. If you don’t want to go through the hassle of listing your property on the market, there are ways to sell your house fast in Kansas City, Missouri.

If you have a significant amount of equity in your property, then working with a company that buys houses can help you get a fair price at a healthy percentage of its value. You can avoid all the costs associated with a traditional sale, allowing you to coast into retirement much easier. Let’s take a closer look at how you can downsize and sell your house for cash in Kansas City, Missouri.

Should You Downsize Your House? It May Cost You

You may be wondering about when you should downsize your house or how to downsize your house. The answer to that question depends on several factors. If you have raised your children, and they have moved out, there may no longer be a need to pay for the expenses associated with maintaining a larger home.

However, before you downsize, you need to consider the costs, such as:

Cost of Selling Your House

Listing your house and selling it on the market is expensive. All these expenses eat into your profits, causing you to question why you are selling your house. Expenses may include:

• Realtor commissions (typically 5 to 6 percent)
• Closing costs
• Repairs and renovations
• Transactional fees
• Marketing costs
• Inspections and appraisals

This is just the tip of the iceberg. You may discover a variety of hidden costs over the long period that it takes to close with a buyer.

Cost of Moving

If selling your house is expensive, the cost of moving can also be pricy. You’ll need a new place to live. Plus, you’ll need to move all of your belongings. If all the expenses that you paid selling your house ate into your profit considerably, then you may have to settle for a cheaper house and a cheap moving service.

Value of Your Home

Contrary to popular opinion, not all house appreciate in value. The housing market can plummet during a poor economy, leaving you upside down in a mortgage or having to settle for less than what your house was once worth. If you incur numerous expenses when selling your home on the market, you may believe that it’s not even worth it to sell your house.

However, there may be a solution to a traditional sale or a for sale by owner (FSBO) that helps you eliminate these costs and possibly puts more money in your pocket.

“We Buy Houses!”

You have probably seen signs around Kansas City that read, “We buy houses in any condition.” Or “We buy houses as-is.” If so, who are the people that post the signs? More importantly, how do they help you if you want to downsize your house?

A local cash home buyer is someone who assesses the value of your property and makes a fast cash offer based on a percentage of your property’s value. A local buyer who understands the real estate market in your area will give you a fair offer that may actually put more money in your pocket than going through a realtor.

Here’s what you need to know about local house buyers in Missouri:

• They pay cash for houses – no financing or long-term payments.
• A local house buyer typically makes a fast cash offer within 24 to 48 hours after viewing the property.
• Local investors understand the market and the overall economy in your area.
• Working with an investor eliminates all the time and money you have to spend selling your house the traditional way.
• Most house sales to investors close in as little as 30 days. Some transactions can close in as little as 15 to 20 days.
• Investors buy residential and commercial properties, rental houses, condos, duplexes, and multi-family buildings.

The Benefits of Selling Your House for Cash

As a retiree, you hope to make some choices about the way you want to live and what type of home you want to live in. Your choices begin by finding the right house buyer who can make a fair cash offer for your property. With all the hassle associated with going through a realtor, selling your house to an investor may be a smarter alternative.

There are several benefits when you sell your house for cash, such as:

You Can Sell Your House Fast

According to Zillow, it can take 60 to 90 days to sell a house. This is assuming that there are no major setbacks and that the buyer can get approved for a mortgage. Any problems could cause serious delays in selling your house. In a poor economy or housing market, it could take you more than six months to sell your house.

You Avoid House Repairs and Remodeling Costs

Getting your house ready to sell can cost you thousands of dollars. For instance, roof repair can cost between $7,000 and $15,000. A kitchen remodel may run you $5,000 to $10,000. Replacing your windows can easily cost up to $10,000. Even with a healthy ROI, you may still be out thousands of dollars in order to attract buyers.

You Don’t have to List Your House

When you sell a house for cash, you can bypass realtor commissions, marketing costs, closing costs, and other associated fees. This is a far better option than listing your house and paying all the fees and expenses. A local house buyer simply schedules a quick walkthrough, makes an offer and closes in only a few weeks.

Sell My House Fast in Kansas City, Missouri

At KC Real Estate Buyers, we buy houses for cash. We pay all closing costs and do not charge any fees. Our company purchases property as-is and put cash in your hands in as little as 30 days. Call one of our local cash home buyers today at 816-895-2999 and schedule a quick walkthrough with one of our house buyers in Kansas City, Missouri.

We Buy Houses for Cash in the Following Areas:

At KC Real Estate Buyers, our investors work with house sellers throughout key areas in Missouri and Kansas. Many of our sellers come from the following areas: