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Cash Home Sale vs Traditional Home Sale

Cash Home Sale vs. Traditional Home Sale: What Is the Difference?

Selling a home today is an expensive, time-consuming process that can drain your resources and leave you feeling like you got little out of the deal. It’s no wonder that home sellers today are looking for an alternative to a traditional home sale. However, few sellers know what home-selling options are available or how to do them.

One option to a traditional home sale that is gaining popularity is a cash home sale. A cash home sale allows you to sell your house fast in Wichita, Kansas. You can bypass many of the steps required in a traditional home sale. You also avoid common selling expenses such as home repairs and closing costs. You can also skip hiring the real estate agent and avoid paying realtor commissions.

Comparing Cash Home Sale vs. Traditional Home Sale

What Is a Traditional Home Sale?

A traditional home sale is a real estate transaction that involves preparing your house for the sale, hiring a realtor to list the house and manage the sale, and finding a buyer to negotiate the terms of the sale. The realtor manages a good portion of the sale. They can also guide you through the process and negotiate a sale in your favor.

The steps in a traditional home sale involve

  1. Make home repairs and upgrades.
  2. Hire a real estate agent.
  3. Stage the house to attract buyers.
  4. List the house on the market.
  5. Comb through multiple offers.
  6. Find a buyer and negotiate the sale.
  7. Complete the closing process.

The average home sale takes 60 to 90 days after you list the house. You can add several more days to the timeline for home repairs and closing.

What Is a Cash Home Sale?

A cash home sale is a private real estate transaction between you and a house-buying company in Wichita, Kansas. The company assesses your property and makes a cash home offer based on its current market value. If you accept the offer, you sign the paperwork and close the deal. A cash home sale is the fastest and simplest way to sell your house as-is for cash.

The steps in a cash home sale involve

  1. Meet with the cash home buyer to discuss the property.
  2. Get a cash offer from the buyer.
  3. Accept the offer and negotiate the terms of the sale.
  4. Sign the paperwork, close the sale, and get paid.

When you sell your house directly to the buyer, you do not have to hire a real estate agent. You save money on realtor commissions. The buyer also agrees to pay up to 100% of the closing costs, leaving you with little to no selling expenses.

Why Choose a Cash Home Sale Over a Traditional Home Sale?

There are several reasons to choose a cash home sale instead of a traditional home sale.

Sell Your House When You Want

Instead of waiting 60 to 90 days for a buyer, you can close your house in as little as one to three weeks with a cash home sale. You have the flexibility you need to close the sale so that you can relocate or start a new job. You can also sell your house fast enough to handle situations such as a foreclosure, bankruptcy, divorce, or probate.

Little to No Selling Expenses

If you are a homeowner who needs to sell your house fast in Kansas, you may not have the money you need to make home repairs, pay closing costs, or hire a realtor. A cash home sale eliminates these expenses so that you have little to no selling costs.

Work with a Pre-Qualified Home Buyer in Kansas

You might have multiple offers in a traditional home sale. However, many of these offers may fall by the wayside due to a buyer that doesn’t qualify for a long or someone who wants to pull out of the purchase. In a cash home sale, you work with a pre-qualified home buyer who is ready to commit to the purchase. You don’t have to worry about them backing out at the last minute.

Sell Your House Fast to Blue Sky Properties

If you need to sell your house fast but don’t want the hassle of a traditional home sale, contact Blue Sky Properties. We buy houses as-is for cash in Wichita, Kansas. Call 316-202-4249 to get a guaranteed cash offer on your Kansas house.

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Benefits of a Cash Home Sale in Kansas

What Are the Benefits of a Cash Home Sale in Kansas?

If you are interested in selling your house, you have three main options. You can sell your house the traditional way - hire a real estate agent, list the house, make home repairs, and negotiate with a buyer. You can choose a For Sale by Owner and manage the home sale yourself. Or, you can sell your house as-is for cash to a company that buys houses in Wichita, Kansas.

Although a traditional home sale is the most common way to sell a house in Kansas, a traditional sale may not work for you. If you need to sell your house fast in Wichita, can’t afford the selling expenses, are trying to get out of your mortgage, or you can’t find a buyer, a cash home sale may be a better choice. Below, we look at the benefits of a cash home sale in Kansas.

1. Sell Your House Fast

One of the biggest advantages of a cash home sale over a traditional home sale is that you can sell your house faster.

  • Traditional home sale: It takes an average of 60 to 90 days to find a buyer for your house. Home repairs and a lengthy closing process can delay the sale by up to 60 more days.
  • FSBO: Selling your house on your own saves you money in realtor commissions. However, the process can take longer. On average an FSBO takes six to 12 months to close a sale.
  • Cash home sale: A cash home sale eliminates many of the steps to closing a deal. As such, you can expect to get an offer and close the sale in as little as seven to 21 days.

2. Sell Your House Regardless of Your Reason

One of the biggest hurdles to overcome when selling a house is a legal or financial hardship. For instance, a foreclosure can stall a house sale because most buyers don’t want to deal with the hassle. The main reason for this is that you may not have the money you need for home improvements. Or, the lender may have conditions to a sale that keeps the average buyer away.

In a cash home sale, the buyer agrees to pay cash for the house regardless of its condition or your current situation. A house-buying company works with motivated home sellers in all types of circumstances including

Bankruptcy Downsizing Relocating
Damaged House Foreclosure Rental Property
Distressed House Inherited House Selling AS-IS
Divorce Late Payments Vacant House

3. Sell Your House As-Is

A traditional home sale generally entails preparing the house for a sale. You may have to make major structural or systemic homie repairs. Or you need to undertake a home improvement project. Your realtor may recommend staging the property inside and out. Although some of the project can yield a high ROI, you’ll never recoup the full amount of the repairs at closing.

If you try to sell your house as-is in the Kansas real estate market, you’ll be competing with move-in ready properties that attract more buyers. If you don’t want to deal with the hassle of repairing the house, a cash home sale gives you the freedom to sell your house as-is.

The house-buying company agrees to purchase the home in its current condition with no stipulations or exceptions. In most cases, you don’t even have to schedule a home inspection. Selling your house as-is can save you thousands of dollars in home repairs.

4. Work With a Pre-Qualified, Committed Home Buyer

Another frustration of selling a home the traditional way is dealing with potential buyers who fail to follow through with the sale. You may receive numerous offers for your house. However, many of these offers fall through the cracks for reasons such as

  • The potential buyer did not qualify for a home mortgage loan.
  • The buyer gets cold feet and backs out of the deal.
  • The buyer may impose conditions of the sale that you do not agree with.
  • The buyer may try to take advantage of your situation by lowballing you.

When you do a cash home sale, you work with a pre-qualified, professional, and committed buyer who actually helps you out of your situation. A reputable buyer will make a fair cash offer and provide options for getting out of your mortgage or selling your house.

Get a Fair Cash Offer From Blue Sky Properties

Skip the hassle of a traditional home sale and get a fair cash offer from Blue Sky Properties. We buy houses as-is in Wichita, Kansas. We can assess your property’s value, make an offer, and close the sale in as little as seven to 21 days. Call 316-202-4249 to get a fast cash offer

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Can I Sell My House As-Is?

Can I Sell My House As-Is?

You may be wondering, Can I sell my house as-is? In a traditional sale, you may have difficulty selling your house without making any renovations or repairs. If you have a damaged house, realtors and potential buyers may avoid it in favor of a house that has been fixed up. However, just because you have a worn-out house does not mean that you can not sell your house as-is.

You can sell your house fast in Wichita, Kansas by working with a local home buyer. A buyer can look at your property and make a fast cash offer based on the current condition of your house. You make no repairs or renovations. You don’t even have to prepare the house to show. Simply sell your house as-is and walk away with no strings attached.

Why Is It Hard to Sell My House As-Is?

Surprisingly the health of the real estate market has little to do with whether you sell your house as-is. Instead, it is the competition. The average buyer would rather purchase a house that is already in livable condition instead of buying the house and sinking more money into repairs and renovations after signing the initial mortgage.

Repairing a home today can cost between $1000 and $50,000, depending on the project. Some of the most common home repairs include:

Project

Cost

Termite damage $2,800
Water heater $750
Foundation repair $3,200
Electrical wiring $5,500
Flooring replacement $3,800
Appliance replacement $900
Mold remediation $2,100
Air condition replacement $4,500
Window replacement $17,000
Roof replacement $7,500

Can I Sell My House As-Is the Traditional Way?

With all the challenges of selling your house the traditional way, it is still possible to hire a realtor and list your house on the market. You may even get a reasonable price for the property. However, in addition to repair and renovations, you may also incur other expenses that eat into your profits. Plus, the process of selling a damaged house can be more complicated than selling your house to a local buyer.

Realtor Commissions

You may have to sell your house at a reduced price just to unload the property. However, your realtor will still require their cut of the sale. On average, realtor commissions are six percent of the sale. Let’s say you sell your house for $100,000. You spent $15,000 in repairs to make the house sellable. The realtor takes another $6,000 off the top in commissions. You’ve spent $21,000 total just to move the property.

Closing Costs

If repairs and realtor commissions aren’t enough, closing costs and fees will also eat into your profits. Closing costs can take five to ten percent of your profits. If you sell your property for $100,000, you could lose up to $10,000 on top of your other costs. Common closing costs include your mortgage balance, settlement fees, title search, municipal lien search, HOA estoppel, documentary stamp on the deed, or title insurance. In other words, a lot of entities are taking your money off the top.

Listing and Marketing

How much you pay for listing and marketing costs largely depends on the realtor you work with. Some realtors take on these expenses. Others pass them on to you. Regardless, you may have to pay for online listings, marketing collateral, ads, and showings. While not as expensive as repairs, these costs can add up to a few more hundred dollars in out-of-pocket expenses.

Long Selling Process

You could lose money on the sale simply by keeping the house on the market. The longer a house stays on the market, the more difficult it becomes to sell it. On average, it takes 60 to 90 days to sell a house in good condition. A damaged or outdated house can stay on the market indefinitely. Consequently, you lose money every month that you don’t sell it.

How to Sell Your House As-Is Fast

As you can see, selling your house as-is the traditional way is an uphill climb at best. What is the solution? Sell your house as-is for cash to a local home buyer in Wichita, Kansas. You can unload your property quickly in just three easy steps.

Step 1: Contact a Local Home Buyer

The first step in selling your house as-is is to contact a local home buyer and schedule a quick walkthrough of the property. Don’t worry about renovations, repairs, or even cleaning the house. A local buyer will buy your house as-is.

Step 2: Get a Fair Cash Offer

Once you schedule a walkthrough, the buyer will assess the property. If they are interested in buying the house, they will make a fair cash offer. In most cases, the buyer will make an offer within 24 to 48 hours of the walkthrough.

Step 3: Get Paid Cash for Your House

If you accept the buyer’s offer, you will schedule a convenient closing date. Closing the sale is easy. Simply sign the paperwork and walk away with no strings attached. The buyer will pay all closing costs and other fees.

Sell Your House As-Is to Blue Sky Properties

Are you ready to sell your house as-is? If so, contact Blue Sky Properties. We buy houses as-is in Wichita, Kansas. Call us today at 316-202-4249 or fill out the contact form to get a fast cash offer.

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Can I Still Sell My Damaged House in Wichita, Kansas?

Can I Still Sell My Damaged House in Wichita, Kansas?

The answer is yes. You can sell your damaged house in Wichita, Kansas. The best way to sell your damaged property is to work with a company that buys houses in Kansas. A cash home buyer can assess your property's market value in its current condition and offer to pay cash for your house as-is. You can sell your house fast regardless of its current condition.

A cash home sale with a house-buying company allows you to sell your house without making home repairs, hiring a real estate agent, or listing the house on the market. Even if you still have a balance on your mortgage, you can still get out of the mortgage and get rid of the house. You and your family can start over in a new home.

What is a Damaged House?

A damaged house is a house that has significant structural or systemic damage due to negligence, vandalism, or a natural disaster. In most cases, the damage costs thousands of dollars to repair. Instead of fixing the damage, most homeowners prefer to sell the house and start over. However, a damaged house does not typically sell well in the market due to the extent of the damage.

Why Is It Hard to Sell My Damaged House Fast?

There are several reasons a damaged house will not sell.

Safety Hazards

Most damaged houses have major structural problems that make them unsafe.

  • Weak roof
  • Worn out framework
  • Holes in the flooring
  • Damaged electrical system
  • Termites
  • Molded or rotting wood
  • Cracked foundation

While some structural issues are easy to identify, others may not emerge until after the homeowner has purchased the home. Problems with the framework, electrical wiring, or septic system can create an unhealthy and unsafe environment. For this reason, many homeowners prefer a move-in-ready house over a damaged house.

Expensive Repairs

Some of the most expensive house projects involve repairing structural damage. Foundation repair, roof replacement, mold remediation, central air replacement, ponding issues, Septic system replacement, or water line replacement can cost thousands of dollars. If you are trying to sell your house, you may not have the funds to make the repairs and the property sellable.

Trying to pass these repairs off to a new homeowner is nearly impossible. A buyer doesn't want to sink thousands of dollars into a repair right after moving into a home. They're too busy dealing with a new mortgage and monthly utilities.

Insurance and Warranties

One of the selling points of a home is that it is still under warranty or insurable. A home in good condition costs less to insure than a damaged house. Someone who is buying a house may not afford large insurance premiums to live on the property. Even if they can afford insurance, there is a good chance that the home is no longer under warranty due to the damage.

If a storm or fire damages the home after you sell it, the homeowner may incur 100 percent of the repair costs. The insurance company could deny the claim, citing that the home had pre-existing damage.

How Do I Sell My Damaged House Fast?

The fastest way to sell your damaged house is to sell it to a house-buying company in Kansas. A cash home buyer is an investor willing to pay for your house. In other words, you do not have to repair or upgrade the house. The buyer agrees to purchase the property as-is, allowing you to walk away without strings attached.

The process of selling a house for cash is simple. First, contact the buyer and tell them about your house and why you are selling it. Second, the buyer assesses your property value, including the damage, and makes a cash offer on the house. Last, if you agree to the cash offer, negotiate the sale's terms, sign the paperwork, and close the sale.

Sell My House Fast for Cash in Wichita, Kansas

If you are ready to sell your house or commercial property, then now is the time. You don't have to wait for months to sell your house. Blue Sky Properties can make a cash offer and put cash in your hands in as little as 30 days. Call (316) 202-4249 to schedule a walkthrough of your property. Sell your house fast for cash in Wichita, Kansas.

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Local vs. National Home Buyers: What’s the Difference?

Local Vs. National Home Buyers: What’s the Difference?

If you need to sell your house fast, you may consider a cash home sale instead of a traditional home sale. If so, you need to find a company that buys houses in Wichita, Kansas. When looking for a cash home buyer in your area, you may discover that not all buyers are local. Some house-buying companies invest in properties nationally.

While national companies and local home buyers exist for the same reason, there are differences in how they approach working with home sellers and how they process a cash home sale. Below, we look at the local versus national home buyers and why you should consider selling your house as-is to a local home buyer in Wichita, Kansas.

Who Knows Your Local Real Estate Market?

A national house-buying company has the resources to pull data on almost any US real estate market. Investors can perform a comprehensive market analysis on your property to determine how much it is worth. After performing an analysis, they can assess your house and make a cash offer without ever meeting you or visiting the property. You simply accept the offer and move on.

However, real estate analysis and data doesn’t always tell the whole store about your property’s real value. Appraising your home involves a wide range of factors, including why you are selling the house.

A local home buyer understands your home’s real value, the local market around your property, and the challenges of selling a house in Wichita. They can partner with you to come up with a cash offer that you can work instead of just spitting out a number from an office hundreds of miles away.

Building Long-Term Relationships

Local home buyers do more than just flip houses. They play an important role in neighborhood enrichment and revitalization. By investing in real estate property, they improve the value of the home and the surrounding properties. Understanding this role, helps investors form meaningful relationships with property owners and other real estate professionals.

A local home buyer is practically your neighbor. They live and work in the same community. So they are contributing to the community. They build long-term relationships with sellers, lenders, agents, contractors, and retailers. Plugging into that local network can benefit you as a seller. You can’t get this type of benefit from a national house-buying company.

Building Trust and Credibility

There are many outstanding national companies that buy houses. They are national because they have built a reputation as a trustworthy company over the years. However, real estate is like any other industry. There are certain professionals who are looking to take advantage of motivated home sellers. You can’t always trust a buyer located hundreds of miles from your home.

There is more accountability with a local home buyer simply because they are local. The word gets around quickly about the buyer’s work ethic, experience, and credibility. There are ways to find out more about the buyer online or through references. Plus, you meet the buyer in person and get to know them, which goes a long way in building trust.

How to Tell the Difference Between a Local Home Buyer and a National House-Buying Company

Local

  • Has an about page that clearly identifies who they are and has contact information
  • Localized images on the site
  • Content on the site speaks about a specific city/town in your area
  • Testimonials from people in your area

National

  • Multiple location pages
  • Only one page on their site is about the market you are in
  • Can not contact the owner directly
  • Franchise opportunities
  • Non-local testimonials

At Blue Sky Properties, We Buy Houses in Kansas

If you need to sell your house right now, contact Blue Sky Properties. We buy houses in Kansas. We can assess your property and make a fair cash offer. You can close on the sale of your house in as little as seven to 21 days. Call 316-202-4249 to get a fast cash offer on your house. Sell your house fast in Wichita, Kansas.

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We Buy Houses in Kansas

We Buy Houses in Kansas

When driving through Wichita, Kansas, you may notice signs or ads such as

  • “We buy houses in Kansas.”
  • “Sell your house fast.”
  • “We buy houses as-is in Wichita, Kansas.”

What do these signs mean? Who exactly is it that buys houses in Kansas? What is a house-buying company? Read below to discover the answers to these questions.

What Does ‘We Buy Houses in Kansas’ Mean?

‘We buy houses in Kansas’ means that a house-buying company in Wichita will make a fast cash offer on your house. The company or local home buyer assesses your property, makes an offer, and pays cash for the house. The company buys the house directly from you without hiring a real estate agent or going through a broker.

Real estate investors or buyers refer to this type of transaction as a cash home sale. A cash sale may be a better alternative if you need to sell your house fast but:

  • You don’t have cash for making home repairs or upgrades.
  • You can’t find a buyer for your property.
  • You’re going through financial hardship, such as bankruptcy or foreclosure.
  • A traditional sale is too much of a hassle, and you are looking for a simpler solution.

What Is a House-Buying Company in Wichita, Kansas?

A house-buying company is a single home buyer or a team of investors that pays cash for houses as-is. The buyer is looking for a real estate deal for a buy-and-hold, fix-and-flip, or property rental. Although investors profit from these types of real estate transactions, a reputable buyer will try to create a win-win situation with the home seller.

A house-buying company in Wichita is typically a local company that buys houses in the immediate area. They know the real estate market, regularly work with sellers, and understand the real value of the properties. They also understand the challenges of selling a less-than-ideal home. So, they’re willing to strike a flexible deal that does not hurt the seller.

Why Should I Sell to a House-Buying Company in Wichita?

If you are like most home sellers, your initial thought is to contact a real estate agent who will list your house on the market and help you sell your house. Hiring a real estate agent is a good idea in a traditional home sale. However, a cash home sale may be a better option if you are looking for a faster alternative to a traditional home sale. Here’s why:

Sell Your House Fast

A traditional home sale takes 60 to 90 days to complete. If you need to repair the house, it can take longer. Even if you find a committed buyer, the flossing process can take an additional 30 to 45 days. A cash home sale allows you to sell your house fast. The entire process - from the cash offer to signing the paperwork and getting paid - typically lasts one to three weeks, depending on your situation.

Work with a Pre-Qualified Buyer

Negotiating with multiple potential buyers who may or may not qualify for a loan can be frustrating. It can also delay the sale. The sale is virtually guaranteed when you sell your house to a house-buying company. An investor already has the capital to pay cash for the house. If buyers make a cash offer, they are ready to commit to the purchase.

Pay Little to No Selling Costs

Selling a house is expensive. Expenses include home repairs, inspections, realtor commissions, relocation costs, and closing expenses. The costs can add up to thousands of dollars that eat into your profits. A cash home sale costs you little to nothing. In most cases, the buyer may agree to pay up to 100% of the closing costs. You sell your house with no strings attached.

At Blue Sky Properties, We Buy Houses in Kansas

If you need to sell your house right now, contact Blue Sky Properties. We buy houses in Kansas. We can assess your property and make a fair cash offer. You can close on the sale of your house in as little as seven to 21 days. Call 316-202-4249 to get a fast cash offer on your house. Sell your house fast in Wichita, Kansas.

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How to Sell a House with Water Damage

How to Sell a House with Water Damage

2021 was a banner year for natural disasters.The National Oceanic and Atmospheric Administration (NOAA) reported that 20 major natural disasters, costing a total of $145 billion hit the United States last year. Nearly 90 percent of all natural disasters involved water - flooding, hurricanes, and severe weather. For homeowners, these disasters can cause instant financial hardship.

If your house has been damaged by water, you may decide to sell the property instead of fixing the house. However, if you try to sell your damaged house fast in Wichita, Kansas, you may have difficulty finding a buyer. Your house may not compete with move-in ready houses unaffected by a natural disaster. Fortunately, there is a way to sell your damaged house as-is for cash.

How Can I Sell a Damaged House?

The best way to sell your damaged property after a natural disaster is to sell your house as-is for cash to a company that buys houses in Wichita, Kansas. This type of real estate transaction is a cash home sale.

The process of selling your damaged house to a house-buying company is simple.

  1. Contact a local home buyer in Wichita - they may contact you.
  2. Discuss your house and your reason for selling.
  3. The buyer assesses your property and decides to make a cash offer.
  4. Accept the cash home offer and agree on the sale terms and conditions.
  5. Close the sale, sign the paperwork, and get paid.

How Is it Possible to Sell a House Damaged by Water?

A common question that sellers ask is, “How is it possible to sell my damaged house fast?”

The answer: You sell your house as-is. 

  • You make no repairs.
  • You make no upgrades or home improvements.
  • You do not have to schedule an inspection.
  • The buyer accepts full responsibility for any problems with the house.

If you were to attempt a traditional sale - i.e., hire a real estate agent and list your house on the market - most buyers would either ignore your house or require repairs before selling it. They may also try to take advantage of your situation by lowballing you with an unreasonable offer. When you sell your house to a home buyer, you can get a fair cash offer without making any improvements to the house. 

Is it Legal to Sell a Damaged House in Kansas?

Yes, it is legal to sell a damaged house in Kansas. 

However, there is one condition. You and the buyer must agree on the terms of the sale. You may need to get the terms in writing to avoid legal problems down the road. If the buyer agrees to buy the house as-is regardless of its current condition, you can legally sell the house. 

The main thing to remember is that you need to remove yourself from any legal liabilities in case someone has an injury after stepping on the property. Injuries are common after a natural disaster. So, make sure you get a written agreement from the buyer before agreeing to sell your house as-is for cash.

We Buy Houses in Wichita, Kansas

If you have a damaged house and you can’t find a buyer or want to avoid a traditional home sale, contact Blue Sky Properties. We buy houses in Wichita, Kansas. We can appraise your property and make a fair cash offer. You don’t have to spend thousands of dollars on home repairs. Sell your house as-is to us instead. Call 316-202-4249 to get a fast cash offer.

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Sell My House for Cash: What It Really Means

Sell My House for Cash: What It Really Means

Cash home sales have grown in popularity with sellers and buyers over the last few years. However, even with the steady rise of cash sales, there are still a lot of misconceptions and myths surrounding selling a home as-is. 

As experienced home buyers in Wichita, Kansas, we have worked with dozens of home sellers throughout the area - particularly sellers in financial or legal hardship. As such, we have the experience and knowledge necessary to do three things:

  1. Guide sellers through the home-selling process
  2. Answer frequently asked questions about cash home sales
  3. Address common home seller concerns with transparency and honesty

We are also in a position to explain the cash home sale process and dispel common myths about the sell-my-house-for-cash alternative to a traditional home sale. Below is Cash Home Sale 101. If you have any further questions, feel free to call us. We’re here to help you sell your house fast in Wichita, Kansas.

What Is a Cash Home Sale?

A cash home sale is a private real estate transaction between a motivated home seller and a company that buys houses in Kansas. The buyer assesses the property and makes a cash offer to buy the house as-is based on its current market value. If the seller accepts the offer, they negotiate the terms of the sale and close the sale directly with the buyer. 

Since a cash home sale is a private transaction, the seller does not have to hire a real estate agent or list the house on the market. Since the buyer agrees to purchase the property as-is, the seller does not have to make any repairs or upgrades to the house. In most cases, they do not have to schedule an inspection or appraisal. 

How Is a Cash Home Sale Different Than a Traditional Home Sale?

One of the best ways to understand a cash home sale is to compare it to a traditional home sale. 

Traditional Home Sale

In a traditional home sale, you prepare your home for sale. You hire a real estate agent and list the house on the market. You may also stage your house so that you can show it to multiple prospective buyers. If you find a buyer, your real estate agent negotiates the deal, and you close the sale. 

Cash Home Sale

In a cash home sale, you meet with the buyer to discuss your property. The buyer may also ask to see the property. The buyer will appraise the property’s value and assess its condition. If they like what they see, they make a cash offer to buy the house as-is. If you accept the offer, you negotiate the terms of the sale and close the deal together. 

Here’s a side-by-side comparison of a traditional home sale, a For Sale by Owner, and cash home sale.

Realtor For Sale by Owner Blue Sky Properties
Commissions Fees 6 percent Zero Zero
Closing Costs Pay up to 100% Pay up to 100% We Pay 100%
Appraisal Required Yes Yes No
Showings Yes Yes No
Repairs/Renovations Yes Yes No
Average Selling Time 60 to 90 days 6 to 12 months 7 to 21 days

Why Choose a Cash Home Sale Over a Traditional Home Sale?

A traditional home sale is still the most popular way to sell a house in Kansas. However, it may not work for you, depending on your situation. Here are some benefits to a cash home sale over a traditional home sale.

1. Little to No Selling Costs

The three most common selling expenses are home repairs, closing costs, and realtor commissions. Combined, all three can eat into your profits by thousands of dollars. When you sell your house for cash to a house-buying company, you incur little to no selling costs.

2. Sell Your House During Personal Hardship

If you are going through a financial or legal hardship, you can sell your house fast to get rid of the property or get out of your mortgage. A cash home buyer can help you overcome hurdles such as bankruptcy, foreclosure, divorce, probate, or a sudden relocation. 

3. Close a Home Sale Faster

If you need to sell your house fast in Wichita, Kansas, you don’t have time to go through a long selling process. The average cash home sale - at least with our company - takes seven to 21 days to complete. You can get a cash offer, close the sale, and get cash in your hand within one to three weeks. 

Sell My House for Cash in Wichita, Kansas

If you need to sell your house fast, but can’t find a buyer or want to skip the traditional route, we can buy your house. At Blue Sky Properties, we buy houses as-is for cash. Call 316-202-4249 to get a fast cash offer on your house.

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Can You Sell a House Before a Mortgage Is Paid Off?

Can You Sell a House Before a Mortgage Is Paid Off?

You can sell your house before paying off your mortgage. Most mortgage terms are 10 to 30 years. Nearly 20 percent of all homeowners have bought more than one home in their lifetime. They likely sold their current home and bought another one before paying off the mortgage. In other words, there is nothing unorthodox or strange about selling your house while you still owe the lender.

The question is why you are selling your house - or, more importantly, how you plan to sell your house. For instance, you may be trying to avoid bankruptcy or foreclosure. So, you need an alternative to a traditional house for selling your house and getting out of your mortgage. Fortunately, there is a quick way to sell your property before you pay off your mortgage.

Why You Can Sell Your House Before You Pay Off the Mortgage

The mortgage lender doesn't care if you sell your house. The lender's only concern is whether the sale price covers the loan balance. If you can pay the mortgage, selling your house is not an issue.

Problems With Selling Your House the Traditional Way

However, establishing the sale price can be tricky due to all your selling expenses. The three biggest home-selling expenses include

  1. Home repairs and upgrades
  2. Realtor commissions
  3. Closing costs and fees

You can't just set a sale price above the mortgage balance. Instead, you need to set the sale price minus the selling expenses and hope that what's left over covers the loan balance.

Here's an example:

Loan Balance:

$200,000

Sale Price:

$220,000

Selling Expenses:

Home Repairs and upgrades

- $10,000

Realtor Commission (6%)

- $12,000

Closing Costs (4% of the loan)

- $8,000

Profit After Expenses:

$190,000

Loan Balance Remaining

$10,000

Can I Sell My House During Bankruptcy or Foreclosure?

Yes. Even if you are going through financial hardship, in most cases, the lender will allow you to sell your house. Again, it must satisfy the loan balance. Here’s why:

Lenders want to avoid two things:

  • Owning a house: When a lender forecloses on your home, they have to assume ownership of the property. As a rule, banks don’t like owning properties. Why? Because they have to manage them. Plus, they have to go through the hassle of finding a buyer for the house.
  • Having foreclosed properties on their books: A bank or mortgage company that has too many foreclosed properties is often scrutinized for being a hard lender. Banks don’t want a bad reputation with potential buyers.

In either case, the lender would rather work with you to sell the house and recoup as much of the loan balance as possible.

A Cash Sale Can Help You Get Out of Your Mortgage

There are several reasons why you may want to sell your house fast and get out of your mortgage: bankruptcy, foreclosure, probate, divorce, new job, military transfer, damaged house, rental house, or old house.

Regardless of your reason, a traditional home sale may not work for you. A traditional sale can take up to 60 to 90 days and cost you thousands of dollars in selling expenses. A better option may be a cash home sale. In a cash home sale, you work directly with a house-buying company in Wichita, Kansas. The buyer makes a fair cash offer and closes the sale in as little as seven to 21 days.

How does a cash sale help you get out of your mortgage?

  • You can close the sale in a week or two.
  • There are little to no selling expenses.
  • Sell your house as-is - no home repairs or upgrades.
  • Sell your house regardless of your financial situation.
  • Work with a single pre-qualified, committed buyer.

When you sell your house for cash you have no selling overhead. You don’t pay realtor commissions or home repairs. The buyer will often pay up to 100% of the closing costs. Whatever price you agree to sell the house for will likely not be undermined by thousands of dollars in selling costs.

Sell Your House to Pay Off Your Mortgage with a Cash Sale

If you are a homeowner and you want to sell your house before you pay off your mortgage, contact Blue Sky Properties. We buy houses as-is. We can pay cash for your property and close in as little as seven to 21 days.

Call 316-202-4249 to get a fast cash offer. Sell your house fast in Wichita, Kansas.

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How Do I Sell My House for Cash During the Holidays?

How Do I Sell My House for Cash During the Holidays?

The holidays are upon us. Between Halloween, Thanksgiving, and Christmas, people are busy preparing for vacations, celebrations, and time spent with family and friends. However, the season can also be stressful - especially if you are trying to sell your house fast. Finding a buyer from October to December can be challenging in an already tough real estate market. 

Fortunately, you don't have to depend on real estate trends during the holiday season to find a buyer for your house. If you need to sell your house right now, your best option is to sell your house as-is for cash to a company that buys houses in Wichita, Kansas. A cash home sale allows you to unload your property during the holiday season without incurring many selling expenses or listing the house on the market.

Why It's Hard to Sell Your House During the Holiday Season.

There are several reasons why it's hard to sell your house the traditional way during the holiday season.

It's Not Selling Season

The peak season to sell a house is late spring to early summer. It's the ideal time to relocate or start a new chapter in your life. The least favorite season to sell a house is winter. The holiday season takes the focus off of buying and selling houses. It compounds any difficulties you may have selling your house if it has any problems.

Money Is an Issue

Although the holidays are the perfect season for retailers and other businesses, it can be a tough time for consumers already trying to make ends meet. Someone saving money for holiday events may not have the money they need to purchase a house. Therefore, the interest in purchasing real estate is low. It's hard to market to people focused on the holiday season.

No One Wants to Relocate During the Winter

There is a reason that spring and summer are the best times to buy and sell a house. They're the warmest seasons of the year. As the temperature gets colder outside, people are less likely to pack up and move. They would rather wait a few more months until the weather is more favorable. You are more likely to find a buyer during the spring than during the holidays.

The Real Estate Market Is Typically Better in Spring and Summer

Due to the points above, spring and summer are typically the best time for the real estate market. It can be a great time for buyers and sellers to capitalize on favorable real estate deals. Although there are no guarantees that the market will perform better in the warmer seasons, more real estate activity can trigger a healthier market. 

How to Sell Your House During the Holidays

If you need to sell your house fast in Wichita, Kansas, during the holidays and can't wait until next year, your best option is to sell your house for cash to a house-buying company in your area. 

What Is a Cash Sale?

A cash sale is a private real estate transaction directly between you and the buyer. The buyer makes a cash offer for your home. Accepting the offer, you sign the paperwork and close the sale. The buyer pays you and assumes ownership of the property. You walk away with no strings attached. 

When you sell your house for cash, you do not need to hire a real estate agent or list your house on the market. You also avoid home repairs or upgrades. Plus, you do not have to show your house to multiple buyers or go through the hassle of staging the house. A cash buyer is willing to buy your house regardless of its condition or the reason you sell. 

What Are the Benefits of a Cash Home Sale?

There are several benefits to selling your house as-is for cash during the holiday season.

  • You don't have to depend on how the holiday market is doing.
  • Sell your house when you want and relocate before Christmas.
  • Little to no selling expenses - save you money for the holidays.
  • Sell your house for any reason, regardless of your financial situation.
  • Work with a pre-qualified, experienced, and committed home buyer. 

If you are going through a financial or legal hardship during the holidays, a cash home sale may help you avoid financial problems. For instance, a cash home sale can stop a foreclosure or bankruptcy and allow you to get out of your mortgage without feeling the financial burden. It is especially important during the holidays when things can already be stressful.

Sell My House for Cash in Wichita, Kansas

If you need to sell your house fast during the holidays, contact Blue Sky Properties. We can assess your home's market value, make a cash offer on the property, and close in as little as one to two weeks. Call 316-202-4249 to get a fast cash offer today.

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