You may have just started considering the idea of selling or you have been wanting to take this step for a long time. One of the first things you want to know: how much is my house is worth? As licensed real estate professionals and investors we want to help property owners in Kansas City with as much practical information as possible. Whether you sell your property directly to us or we help match you with the right buyer, we can help you with honest information. Enter your address below and get an idea of what the fair market evaluation would be for your house. Please keep in mind, this does not include any updating or repairs currently needed on your house.
Observing the flooding from hurricanes leaves everyone with a sickening feeling. We understand the rising waters will ruin homes and require replacing most if not all of their belongings. There is a shared sadness felt across the country, especially when considering many homeowners are not insured to cover the damages to their properties. Thankfully there is an abundance of effort to help those in need and some government support which can be offered during natural disasters.
At EcoLiving Property, we see another kind of disaster and it affects families and houses just the same. According to Realty Trac there are over 600,000 homes in some stage of foreclosure in the United States today. There are so many reasons good, hard-working Americans begin struggling to make their mortgage payments. Unfortunately job loss, medical problems, separations and so many other problems can become the financial constraint.
During the foreclosure process a bank will not be patient with a borrower on a human level, they don’t care to understand what the circumstances are. Banks rely on a set of rules and numbers, they eventually will evict homeowners no matter how much equity they may have in the house.
What follows is the “natural disaster” to the house. A once loved home can sit vacant for months or even years before it is processed by the bank to either resell or put onto an auction. Over time all the regular upkeep a homeowner would do goes undone and begins to eat away at a house. Wood rot sets in, sediment develops in pipes, termites can go undetected and moisture grows to mold. A vacant house can even draw vandalism and lower property values in the whole neighborhood. The longer it sits, the more damage is done.
Below are photos of a home we recently viewed. It is a split level family home in a cul-de-sac in a nicely kept suburban area. It was clear the property had sat vacant for too long and will likely stay on the market for much longer. In this case, like many others, the bank wants a certain price and won’t take any less. It is lower than retail price but can’t be financed through a traditional loan due to needed repairs, eliminating most retail buyers. And the cost of the necessary repairs makes the bank’s asking price too high for investors. Unfortunately houses like this will sit and deteriorate further.
As residential redevelopers and real estate agents we see a lot of houses in horrendous conditions. It’s always a curiosity to wonder if there was something we could have done to help, if we could have been of assistance to the homeowner during a difficult time?
We buy houses quickly with cash and can help prevent the damage a foreclosure can do to credit. Buying houses this way even prevents the damage a bank will cause by allowing a house to sit vacant following a foreclosure. If you or someone you know is struggling with making mortgage payments, don’t worry you’re not alone. We want to help you and lessen the impact of the disaster in your life.
With a decrease in inventory and an increase in sales price, Kansas City is currently in a hot seller’s market. According to the Kansas City Regional Association of Realtors there are 27% less homes listed for sale in the Kansas City then there were just three months ago. And the median house price reflects the greater demand by increasing 6.7% in the same time period. If you are hoping to buy this spring, you have a lot of competition.
On the opposite side, this is great news if you are considering putting your house on the market. You may have heard some extraordinary stories of people who list their home, have dozens of showings and multiple offers within days. Ordinarily we would think this kind of house would be in a prime location and listed below market value to gain this kind of response. However, this situation is occurring all over the metro and in every different price point. The offers have been flooding in for home owners over asking price, no contingencies, with high earnest money checks and all kinds of additional bonuses to get contracts to stand out above others.
If you want to get in on the real estate action, now is the prime time to sell. There is some up front work to consider as buyers love clean, updated homes with great curb appeal. However, being a sellers market means buyers are willing to put money into some updating and landscaping just to get themselves to the closing table with a home. It still would be unreasonable to think you could sell a house at a premium if it needs a complete overhaul or major repairs.
But what if your house needs updating or big repair and you still are interested in taking advantage of the current market? It may seem overwhelming to replace a roof, repair foundation, install new carpeting or update bathrooms or a kitchen. We may be able to help, we won’t ask you to clean, we won’t expect you to declutter for showings, and we won’t ask you to make any updates or repairs. We make fair market cash offers, pay closing costs and close on your timeline. And as license real estate agents, we may recommend it would be to your benefit to list your property in the traditional way to maximize your profit and can refer a great agent to serve you. Reach out to us for more information at firstname.lastname@example.org or (913)333-9643. We would be happy to answer your questions and help you with real estate solutions.