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.

How To Properly Handle Maintenance Issues For Your Wichita Rental

Do you know the best ways to handle maintenance issues for your Wichita rental property? Maintenance and repairs can become an area of contention between a landlord and a tenant. Read some of our best on how to manage requests in our latest post!

One of the most demanding parts of being a landlord can be keeping up with the maintenance and repairs. If your tenants aren’t doing their part to maintain the house, the problems can get even worse. Some landlords will hire property management companies to help, but that will only cut into their profits. Below, we offer several ways to help you professionally and effectively handle maintenance issues for your Wichita rental property. Properly being able to handle issues as they arise will save you time and money in the long run.

Create Open Lines of Communication

Having a great relationship with tenants can be beneficial for many reasons. You’ll want them to feel comfortable coming to you if there is a problem, rather than letting it go unattended to. You will want your tenants to tell you if something is wrong or if there is something they need. If they aren’t comfortable in the house, they aren’t going to want to stay, leading you to lost money and tenant turnover. Make it easy for tenants to reach you and don’t make it seem like a burden. Being helpful and maintaining the house properly will provide you with many long term benefits.

Create A Process

Within your lease, there should be a detailed explanation of how maintenance requests should be handled. Make it easy for the tenant to submit their request by using a standardized form or an online submission process. Encourage your tenant to be as detailed as possible with their requests so that you are able to resolve them as quickly as possible. Let your tenants know that requests that are non-emergency will be handled within a specific timeframe. Typically 24-48 hours depending on the problem.

Keep Records

As a landlord, you will need to keep records of everything Not only so you will know when maintenance is due, but also for financial and tax purposes. Keeping detailed records might seem like overkill, but it will help you greatly in the long run. Create a maintenance schedule for every property in your portfolio. Keep track of when repairs are made and how much they cost. Using an online maintenance request system can help you easily keep track of what was done and when. There are numerous systems out there, many of which offer free trial periods so you can test out the system’s functionality for yourself!

Prevention Is Key

One way to avoid major problems or urgent maintenance request is to be proactive about maintenance and repairs. Just because you aren’t living there, doesn’t mean the property shouldn’t be maintained on a set schedule. When creating a schedule, you’ll want to stick to it. If you are using a property management company, they can help you stay on track with everything that needs to be done in order to maintain the home.

As a landlord, you have the right to expect the property on an annual basis. Take advantage of these inspections so you can thoroughly assess what may need to be repaired in the home. Do a walk through with your tenant so they can point out any additional problems you may not have been aware of. You don’t want to be invasive, be sure to give your tenant as much notice as possible regarding the inspection.

To learn more about how to handle maintenance issues for your Wichita rental property, get in touch with our team 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!