Should I Sell My Kentucky House For Cash or List It With An Agent?
What if you have a house you need to sell fast and can’t afford to have it sit on the market for months, even years? What if the house is in bad shape, and can’t afford to spend money, time or energy to fix it, not knowing if it will even sell after you fix it up? What if you are forced to update the house in order to compete with other houses being sold in your market. All this without a guarantee, that your house will even sell at all!
Although agents have a place in today’s market, more homeowners choose to sell their house in KY to a “We Buy Houses In Kentucky” company, like us, for exactly these reasons. Selling a house with an agent can be challenging. Often agents will ask you to clean and fix the house in order to compete with other similar houses currently on the market. This means you need to make repairs and update the house even if no repairs are needed. This includes investing money in landscaping and curb appeal.
Even when you find a buyer, (or wait till a buyer finds you) you have to hope their finances are in order and are approved by their lender to purchase your house. All this takes time, and during that time you have to maintain landscaping, pay taxes, mortgage insurance and utilities. The longer your house sits on the market the less money you will pocket due to all these accumulating monthly bills!
When If the house does sell you still have to pay closing costs, selling costs and agent fees and commissions. Now you see why so many home sellers choose to sell their house to us.
Even in a seller’s market like KY, it’s good business practice to always look at your options and determine the best course of action, that would result in the best end result. While you may be able to get a higher “top line” sales price listing with a local Kentucky agent, that doesn’t always mean more money in your pocket or less headache when you sell your KY house for cash to us. Dive into the details below to compare your options.
|Selling w/ An Agent||SOLD To We Buy Property In Kentucky|
|Commissions / Fees:||6% on average is paid by you, the seller||NONE|
|Who Pays Closing Costs?:||2% on average is paid by you, the seller||NONE – We pay all costs|
|Inspection & Financing Contingency*:||Yes, sales canfall through||NONE|
|Appraisal Needed:||Yes, the sale is often subject to appraisal||NONE – We make cash offers|
|Average Days Until Sold:||+/- 91 Days||IMMEDIATE CASH OFFER|
|Number of Showings:||It Depends||1 (Just Us)|
|Closing Date:||30-60 +/- days after accepting buyers offer||The Date Of YOUR CHOICE|
|Who Pays For Repairs?:||Negotiated During Inspection Period||NONE – We pay for all repairs|
Do The Math & Decide What’s Best
When you really work the numbers you start to see the real benefits that each way of selling your KY house for cash offers. As investors we can not offer you full market price for your house. There would not be any room to make a profit on our investment otherwise, however, here at “We Buy Property In Kentucky” we offer other benefits that going the traditional house sale route can’t offer.
Here are a few:
Offer to cash in hand can take as little as 7 days.
You can get rid of the headache of that property fast and avoid paying any more utility payments, tax payments, insurance payments, mortgage payments, you get the drill. If you list your house and wait 90+ days to close… you have to figure in all of the costs of holding that property during the time you have that property listed and are waiting for the property to close.
No cleaning or repairs needed.
We will most likely do a rehab. Replace entire kitchens and bathrooms. Before it will look brand new it will be messy regardless, thus there really is no need for you to clean up before we buy your house in Kentucky.... we’d like to make an offer on your house. This saves you time and money that you can keep in your pocket.
We pay closing fees. (we’ve got you covered)
When you sell your KY house for cash to us, the transaction will be hassle free for our sellers. Less paperwork and no issues. We play closing fees. All we have to do is agree on a price and you choose the closing date. Then just collect your money at closing.
So when you add up the time you could save when you sell your house in Kentucky for cash to us, “We Buy Property In Kentucky”, the no-hassle experience, and the money you’ll save on commissions, fees, and holding costs while you wait to sell the traditional route… for many area home owners selling to a professional house buyer is the best viable option.
Is it for you?
See for yourself and get a fair all-cash offer on your house today.
Just fill out the short form below or give us a call at (502) 200 - 1800 and let’s chat! Our process is simple and you can close on the date of your choice. You have nothing to lose by getting an offer (no obligations – no pressure). But you could potentially lose thousands of dollars or months of your time by not testing us out and requesting your FREE house offer below.
*An inspection contingency let’s the buyer have time to do an inspection and back out of the sale or negotiate a new price if there are repairs that need to be done. If you can’t come to an agreement with the buyer, the buyer has the right to back out of the sale. Similar, a financing contingency gives the buyer the wiggle room to back out of the purchase if the home doesn’t appraise for the value that the bank needs to close the loan. Anyone that says “NO” is dishonest and be careful doing business with them. Inspect the contract and ask them directly. We do not have a financing contingency as we are cash buyers HOWEVER, we do have an inspection period to make sure the house is, as presented. No one should buy a house without an inspection!
Since we buy house in Kentucky with cash, we don’t use bank financing so you don’t have to worry about our ability to close on a deal.
Often homeowners are in a less than ideal situation and selling their house as-is, is the best course of action.