Should you sell your house in Kansas City and surrounding areas?
Obviously, there are a lot of things to consider before you list your home and start looking for potential buyers.
For instance…
- Is it a good time to sell?
- How much is your home worth?
- How much equity do you have?
Those are just a few of the questions that need answered before you bite the bullet.
In this quick guide, we’ll give you a rundown of the most important questions to ask yourself before selling your home… and how to get answers.
Let’s dive in!
Who are we? We’re Liberty Road Homes, a real estate agency that buys and sells real estate in Kansas City and the surrounding areas. We’ve been doing it for quite some time now and the advice below comes straight from our years of expertise. By the way, if you want to get a fair cash offer on your house, give us a call at (816) 290-7004 — we can make you an offer within 48 hours and close in as little as two weeks!
1. Is it a good time for me to sell my home?
As times change, so too the real estate market ebbs and flows — that includes the value of your home and how easy (or difficult) it’ll be to find a buyer.
The easiest way to learn about the real estate market in Kansas City right now is to ask an expert the following questions…
- How quickly are homes selling right now?
- Is my type of home in high demand right now?
If there’s a lot of demand for your property, then you’ll be able to get more money when you sell. If demand is low, then your house will be worth less.
If you want to get top dollar, then you want to wait for a sellers market — when demand for homes is high and supply is relatively low.
But also keep in mind the house will need to be market ready, meaning that all repairs will need to be completed including a fresh coat of paint before listing it on the market with a realtor or for sale by owner.
2. How much is my home worth?
The current value of your home is probably another determining factor for whether you should sell.
If your home has significantly increased in value while you’ve owned it and you stand to make a lot of money, then now is as good a time as ever!
If the market has taken a turn, however, and your home has decreased in value, you might be better off waiting for another season.
To determine the current value of your home, look at similar properties in your same neighborhood that have sold recently and compare their value to your own — the more similar those homes are to your own, the more similar they will be in value.
You can do this easily on Zillow.
3. Do I have enough equity?
Equity is a huge consideration.
Because even if your home sells for a million dollars… if you still owe $990,000 on your mortgage, then you’re only going to make $10,000 (not even that once you factor in the costs of selling your home: realtor fees, closing costs, capital gains taxes).
So make sure you call your mortgage company to determine how much equity you have.
This will give you a much better idea of how much money you’ll make off the sale of your home.
4. How much will it cost to sell my home?
It’s also important to consider how much it’ll cost you to sell your home — this will greatly impact how much money you make.
Here are the main costs to consider…
- Agent Commission
- House Repairs
- Pre-Sale House Inspection
- Marketing & Staging
- Closing Costs
- Capital Gains Tax
5. How long will it take to sell my home?
Need to sell your home fast?
Then you’ll also need to ask yourself this question. The average home takes about 90 days to sell after being listed. That number can increase or decrease based on the market.
If you don’t have much time, then sell to a professional homebuyer like us at (816) 290-7004 — we can make you a fair cash offer within 48 hours!
6. Do I need to make repairs?
Today’s buyers expect the homes they view to be in pristine condition.
If your home is in disrepair, then you’re going to have a hard time selling and you’re going to sell for less money.
Do you need to make some repairs?
If so, can you afford to make those repairs before selling?
Those are important questions to ask yourself.
7. What’s the best way to sell my home?
You might think that there’s only one way to sell your home — by working with a real estate agent.
But actually, you have three different options…
- Sell with a real estate agent
- Sell as FSBO (for sale by owner)
- Sell to a professional home buyer, like us!
The first option is expensive but more hands off. The second option is quite difficult and not recommended unless you have a lot of experience in the real estate industry.
And the third option is as easy as giving us a call at (816) 290-7004 and getting your fair cash offer within 48 hours. We can close in as little as two weeks 😉
Final Thoughts
There you have it!
Those are the 7 questions you should ask yourself before selling your home. By doing so, you’ll know if it’s a good time to sell your home or not.
And if you want to skip the traditional home selling method, give us a call at (816) 290-7004 and we’ll make you a fair cash offer within 48 hours. We can even close in as little as two weeks and we’ll pay all closing costs!
About Liberty Road Homes
Thank you for visiting our blog. We’re proud Kansas City residents dedicated to purchasing off-market properties for cash without involving commissions. Unlike some ‘flippers’ or ‘investors’ looking to pay pennies on the dollar, we approach buying your home differently than everyone else…and we do that by LISTENING TO YOU.
We want to know, not just why you are selling, but what your goals are and how selling the house will help you reach them. We want to approach buying your home the same way we would as a friend or a family member. Our goal is to help create a scenario that is a win-win for everyone involved and everyone to end up better off than when they started.
This is what separates Liberty Road Homes from everyone else.
