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.

Why You Should Invest In a Wichita Condo or Townhome In Wichita

Investing in a Wichita condo or townhome can be an inexpensive way to add to or start your real estate portfolio. Learn more in our latest post!

There are a number of great reasons why investing in a condo or townhome can pay off big. Below, we offer some reasons why, what you need to look for, and what investing in a Wichita condo can mean for you!

The Price

You can typically pick up a condo or townhome in Wichita for a much lower price than a single-family residence. It can be an easy and affordable way to begin a real estate portfolio or add to an existing one. Many first-time property investors choose to purchase a condo in Wichita as a way to build equity, without the demands of a single-family house.

The Demand

A condo or townhome in Wichita will be desired by both renters and buyers alike. The affordability in addition to the many amenities provided can make the demand for your condo much higher than that of a single-family home. Maintenance-free landscaping, pools, spas, tennis courts, and play areas are all wonderful amenities that will attract people to your property.

Low-Maintenance

A condo or townhome in Wichita will require less maintenance from you than a single-family property would. When you own a condo, the landscaping and the maintenance to all shared areas are included with your HOA fees. The association will also handle problems with the exterior of the building, letting you off the hook for things like painting and damage to the roof.

What To Watch Out For…

Imposing HOA’s – When you live in a managed community, you are at their mercy. You can’t knock down a wall, or change the color of your unit, or rip out the bushes in the front yard. You may have to deal with an HOA that is overbearing, with strict rules that you and your tenants may find exhausting. Before choosing the community, get to know a bit about the HOA. Ask questions, talk to residents, and make sure you understand how far they are able to reach.

Tenants Causing Problems – When you are renting out the house to tenants, especially ones you don’t know personally, you will need to make sure they are the kind of people who aren’t going to bother others in the community and who have a sense of pride in where they live. If one of your tenants is causing disruptions within the community, the penalties are likely to fall back on you.

Disagreement With Neighbors – Living in a condo community puts you in close proximity with your neighbors. A disagreement that gets out of hand can cause stress for years to come. You and any tenants you choose to rent to need to be able to resolve any differences fairly and without escalating a situation further than it already is. When choosing where to live, try to get a feel of the neighborhood and what the people living there may be like. Are they friendly? Out and about? Or do people seem to keep to themselves?

Rising HOA Costs – HOA costs will typically rise over time. Keep that in mind when thinking about your long term profits. You may also be subject to assessments if there are any major repairs or upgrades being done to the community. Your dues cover maintenance and minor repairs. But things like new roofs, siding, paving, and painting may all be subject to different assessment charges. Make sure you know what to expect, how much rates can rise, and how much is spent in assessments on average each year.

Learn more about investing in a condo or townhome in Wichita! 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!