Are you interested in selling your home for cash? If so, working with the right cash home buyer is a must. At KC Property Guys, we look at certain factors related to your home to determine a baseline value. Knowing what is considered will help you better estimate what to expect if you want to sell.
General Condition Cash Home Buying Considerations
One of the first things to understand is that all houses that a cash buyer looks at need work. This is a given, so the general condition of the house you are trying to sell is not a top priority when determining price.
At KC Property Guys, you have a team of professionals who handle everything. This includes the closing, actual purchase, and rehab at the property. Because of this, they can provide you with a price based on factors besides the house’s condition.
The Big Ticket Items
One of the most important factors considered by a cash home buyer when determining a price to purchase a house is the big-ticket items. The condition of these items is what will increase or reduce the offer price. Some of the big-ticket items considered include:
- Plumbing overall
- Foundation – can handle foundation issues, but it is still a big consideration when taking a look at a house to purchase
For example, is your HVAC system working? Is the plumbing system old? Is there an updated electrical box installed? These are factors that may impact the offer you are given.
The good news is, for foundation problems, the situation is not as dire. This is because we have a company that will handle foundation issues, which means we don’t have to outsource this service.
Square Footage Considerations
Another important consideration is the square footage of the property. This will impact the supplies we need for the rehab, such as flooring, paint, new appliances, etc. The bigger the house, the more of an investment we have to make in getting things back to a sellable condition.
Along with looking at the big-ticket items and square footage, we will also consider the neighborhood. What is the value of the homes in the area? Are prices trending up or down? This is all information we will look at before making an offer.
Kansas City Home Buyers That Will Work with You
If you want to sell your home for cash, our team at KC Property Guys can work with you to help you get a price you are comfortable with. Because we have options to fix and sell a home without outsourcing, we are often more flexible in what we can pay than other buyers. In many cases, we offer our sellers multiple cash options to choose from based on what they will or will not fix.
When all is said and done, we will get the base level offer by looking at big-ticket items, square footage, and the neighborhood. This should help you understand what we will consider if you contact us for an estimate.