Is your home a bit worse for wear? Do you still need to sell, but aren't able to put in the time and money required to fix it up?
Don't worry! You still have options.
If you're in a position where you need to sell your home quickly, you might want to consider selling to a house flipping company -- you know, the companies that post "we buy houses" signs all over town.
Keep reading to learn more about what to expect when selling your house to one of these companies.
Why Sell To A We Buy Houses Flipping Company?
First, it's important to understand why it might be in your best interest to go with a house flipping company.
There are lots of benefits that come with selling to a we buy houses company, including the following:
The process is simplified
When you sell a house through a regular real estate company, you face a lot of challenges, especially if your house is not in the best shape.
With a house flipping company, though, you get to rid yourself of the burden quickly and with very little effort on your part.
You'll sell your home faster
One of the main reasons people turn to house flipping companies is the fact that we move a lot faster than a traditional real estate company. We'll have you out of your home and onto the next chapter of your life in no time.
Most of the time, we close quickly -- almost always within 30 days. Sometimes we can close in as little as one week!
You don't have to deal with a real estate agent
Finding a real estate agent can be frustrating. Even if you go through the effort of finding a person that you feel comfortable with, you still might have differences later on that make selling your home difficult.
When you sell to a flipping company, there is no real estate agent to deal with, and you also don't have to go through the frustrating process of trying to sell the home yourself.
You're almost guaranteed to sell your home
We buy houses in almost any condition -- even if it is virtually uninhabitable. Because of this, you are almost guaranteed to make a sale on your house.
How Do House Flipping Companies Work?
If you decide to sell your home to a house flipping company, the process if fairly simple.
First, you'll contact the company and ask them to make an offer on your home. They'll then show up to check out the home. After doing some appraisal work, you'll receive an offer that you can either consider, accept, or reject.
You're under no obligation to accept the offer if it's not what you were hoping for. The final decision is always up to you!
What kind of houses do these companies buy?
We buy houses companies often emphasize their willingness to buy "ugly" houses. So what makes a house ugly?
Rundown homes that are not visually appealing, have been damaged by water, termites or other pests, or have foundation issues are often deemed ugly.
A home might also be considered ugly if it is in an inconvenient location or an undesirable neighborhood.
House flipping companies also buy homes from people who are unable to refinance, are facing foreclosure, or have difficult renters.
How Much Money Will You Get?
Some people avoid selling to flipping companies because they don't want to settle for less money. Keep in mind, though, that taking a smaller sum can be worth it if you need to get out of your home quickly or don't have the time to devote to improving and selling it through traditional channels.
When house flipping companies calculate how much they are going to offer for your home, they take many things into account. Some factors they consider include:
- Current condition of your home
- Cost and type of required renovations
- Time required to complete renovations
- Cost to keep the property during the repair process
- Estimated value of property after repairs are finished
- Commissions required to sell the home after purchasing
When all is said and done, you'll usually receive between 60 and 80 percent of the house's market value.
In many cases, this is a pretty fair trade-off for not having to jump through any of the hoops that come with traditional real estate.
What Kinds Of Homes Do House Flipping Companies Buy?
In addition to typical single-family homes, house flipping companies often buy and sell condos, townhouses, duplexes, multi-tenant properties, and some commercial properties.
Pretty much the only type of home we won't buy are mobile homes.
Who Should Sell To A Flipping Company?
While anyone can take advantage of the services house flipping companies offer, certain types of people typically sell their homes in this way.
Those who benefit the most from flipping companies are often those who want to sell their home quickly. Included in this list are:
- People who have inherited a property but don't want to pay to maintain it
- People who have a rental property with difficult tenants
- People who need to relocate quickly
- People who are going through a divorce and need to liquidate assets
- People who are behind on mortgage payments
- People who are facing foreclosure
- People who don't want to invest in repairs
- People whose listings have expired
- People who have declared bankruptcy
As we said, anyone can sell to a house flipping company. However, if one of the above situations applies to you, this type of sale might be the best option.
Contact Us To Learn More
Ask any question you want. We can give you information about house flipping in Kansas City, take you through our specific process, or even just prove that we're a legitimate company.
We'll always get back to you within 24 hours and will help you decide if selling to us is the right option for you!