Will you be listing my house on the MLS or actually buying it?

Great question. We’re not agents, and we don’t list houses. We are professional home buyers: We buy houses in Wichita and the surrounding areas in Kansas that meet our purchasing criteria. From there we may repair the house and resell it to another home owner or keep it as a rental ourselves.

Do you pay fair prices for properties?

Many of the houses we purchase are below market value (we do this so we can resell it at a profit to another homeowner). We are looking to get a fair discount on a property. However, in our experience, many sellers aren’t necessarily expecting a large “windfall” on the property but rather appreciate that we can offer cash, we close very quickly (no waiting for financing), and no time or effort or expense is required on your part of fix up the property or pay agent fees. If that’s what you’re looking for and you see the value in getting your house sold fast… let’s see if we can come to a fair win-win price. (Besides, our no-obligation pricing commitment means that you do not have to move forward with the offer we give… but it’s good to know what we’re offering!)

How do you determine the price to offer on my house?

Great question, and we’re an open book: Our process is very straightforward. We look at the location of the property, what repairs are needed, the current condition of the property, and the values of comparable houses sold in the area recently. As you know, house values have taken a huge hit in the last 5 years and most areas still haven’t seen prices come back up. We take many pieces of information into consideration… and come up with a fair price that works for us and works for you too.

Are there any fees or commissions to work with you?

This is what makes us stand out from the traditional method of selling your house: There are NO fees or commissions when you sell your house us. We’ll make you an offer, and if it’s a fit then we’ll buy your house (and we’ll often pay for the closing costs too!). No hassle. No fees. We make our money after we pay for repairs on the house (if any) and sell it for a profit (we’re taking all of the risks here on whether we can sell it for a profit or not, once we buy the house from you… the responsibility is ours and you walk away without the burden of the property and its payments… and often with cash in your hand).

How are you different from a real estate agent?

Real estate agents or realtors list properties and hope that someone will buy them. The agent shows the properties to prospective buyers if there are any (the average time to sell a property in many markets right now is 6-12 months) and then take a percentage of the sale price if they find a buyer. Oftentimes, the agent’s commission is 3-6% of the sale price of your house (so if it’s a $100,000 house, you’ll pay between $3,000 – $6,000 in commissions to an agent). Agents provide a great service for those that can wait 6-12 months to sell and who don’t mind giving up some of that sale price to pay for the commissions. But that’s where we’re different: We’re not agents, we’re home buyers. Our company actually buys houses. We don’t list houses. Since we’re actually the one buying the house from you, and we pay with all cash… we can make a decision to buy your house within a couple days (sometimes the same day). Again, we make our living by taking the risk to buy the house with our own cash, repair the house, and market it ourselves to find a buyer (which is the hard part in this market).

Is there any obligation when I submit my info?

There is absolutely zero obligation for you. Once you tell us a bit about your property, we’ll take a look at things, maybe set up a call with you to find out a bit more, and make you an all-cash offer that’s fair for you and fair for us. From there, it’s 100% your decision on whether or not you’d like to sell your house to us… and we won’t hassle you, won’t harass you… it’s 100% your decision and we’ll let you decide what’s right for you.

6 Benefits Of Adding Wichita Condos and Townhouses To Your Real Estate Portfolio

There are many great benefits to adding Wichita condos and townhouses to your Wichita portfolio! Learn more in our latest post!

While a savvy investor will stack their portfolio with real estate, they may overlook the benefits of investing in a condo or townhouse. Below, we discuss some of the great benefits investing in a Wichita condo can offer!

Low Maintenance

When you own a condo, you’ll typically be free of handling landscaping and maintenance to the exterior of the building. While you will be under the jurisdiction of an HOA, you will also avoid the costs and hassles of maintaining these things yourself. Your maintenance costs will be considerably lower and you’ll save time if you would normally do those types of things yourself. As such, you will need to make sure your tenants do not cause any damage to the exterior of the buildings or to the landscaping.

Lower Cost

Buying a condo is usually less expensive than buying a single-family home. You can typically acquire a condo much more easily than a single-family home, giving you a great start on your real estate investment journey. When shopping for condos in Wichita, make sure that low-priced condo you found is actually a good deal, and not something that will end up costing you in the long run.

A Larger Rental Pool

There is typically high demand for condos and townhouses. When you own a condo, you’re likely to attract a larger pool of potential renters because of its affordability. In addition, most communities offer amenities and benefits a single-family property isn’t able to offer. For example, by living in your condo, your tenant may be able to access a pool or tennis courts as a perk of living there. Use these benefits when marketing your property to potential renters or buyers!

Diversification

Sure, you may have real estate in your investment portfolio, but it always pays to have different property types. Having commercial investment, single-family, and multi-family investments can help give you some protection during market changes. Wichita condos and townhouses are low-maintenance ways to add value to your real estate portfolio. They are low-maintenance and in demand by people of all demographics and stages in life. After buying a few properties, you may discover that investing in Wichita condos and townhouses has been your perfect niche all along!

Personal Use

Investors will often purchase a condo as an investment upfront and for their own personal use down the road. A condo is great for retirees and can also be a wonderful vacation home. A condo is a perfect size for a quick family trip or a retired couple that requires less space than a large family might. Lower maintenance makes condo investment a great option for investors looking to buy Wichita real estate.

Lower Taxes and Ownership Fees

Owning a condo will usually provide you with a lower property tax bill as opposed to its single-family counterparts. Lower taxes mean lower ownership costs, which equates to more money in your pocket. You will also avoid having to pay for landscaping and maintenance to the exterior of the building. The convenience and simplicity of owning a condo is the perfect draw for many local investors.

Before buying a condo in Wichita, you’ll want to make sure you are familiar with and accepting of the community’s rules and bylaws. You don’t want to have a plan in mind, only to find out you aren’t able to rent out the condo to the tenants you desire. Many associations have rules about this, so make sure you are purchasing in an investor-friendly community.

Learn more about adding Wichita condos to your Wichita portfolio! Contact us today! 316-854-1050

Get Started With The Better Way To Sell Your House!

Unlock the potential of your property in Kansas! No commissions, no fees, and no obligations. Provide some property details below or dial 316-854-1050 to get started today!