How To Avoid Running Into Mortgage Paying Trouble for Kansas City Homeowners
You may think it’s only the tenant who has a hard time paying the mortgage, but as
Contact us. You can call, text email or just fill out our form to get everything started.
We will setup an appoinment to come out and see your house.
After accepting our offer, we will set up closing on the data you choose & you will get your cash at closing
Once we get your offer request and chat with our team, tell us your preferred time for a house visit.
If you like our offer and accept it, you then can schedule your closing date in as little as 7 days.
Carl, who lives in Dallas inherits a house here in Kansas City from the passing of a family member. The house needs work, but Carl doesn’t have the money to pay the mortgage and the get the house fixed up. He needs to sell fast, before the mortgage gets too far behind. So Carl calls us to help him out. The first step is for us to do the research and come up with the ARV (After Repair Value) of the house.
First we find similar houses in the same area that have recently sold and that are identical (similar layout, size and age) to Carl’s house. We look for comparable that have been upgraded, so they will have a new roof, updated kitchens or bathrooms, been freshly painted and new electrical box etc. We then take the price that these houses has sold for and use the median of those numbers as our ARV (After Repair Value) number.
The After Repair Value is the value of your home once it is completely fixed up.
The cost to fix up the house and to get it in the same condition as the houses found as comparable.
Many think we don’t have selling cost because agents are not involved when we purchase the house. This is correct when we purchase, however agents are involved when we sell a house after we have fixed it up. These cost consist of agent commissions, taxes, closing cost and holding cost. These fees are normally 10% of the ARV.
Our goal is to present you with the best offer, we also have to keep in mind that we are a business and in order to stay in business we have to make a profit. We have be able to keep our great contractors, venders, office staff etc. paid. Our goal is to provide you with the best service and huge part of that is giving you the best offers, which means our profit margins are kept to a minimum. This allows us to do more deals and keeps everyone satisfied.
We have a great understanding of the Midwestern Market and that allows us to provide great offers. By understanding the market we can compute an accurate and fair value. On top of this we know how to keep our repair cost reasonable. This two factors are key to being able to give the best cash offers in the Midwest.
You may think it’s only the tenant who has a hard time paying the mortgage, but as
So how do you make the most out of a difficult situation? Relocation is a
You need to sell your Kansas City house fast right? If you’re saying… “I’m having the toughest
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