There are a significant number of professionals who fall under the umbrella of the real estate industry—if you need to sell your house in kansas city. You’ll likely work with a few of the following people.
In real estate transactions, transferring ownership of the title, or the right to own and use the property, is completed at closing. Title companies protect the interests of all parties, but play a vital role for the seller by assuring that there are no surprises in the chain of title and the transaction can continue smoothly without delays. Their team of real estate attorneys will review and validate all supporting legal documents and the contract you sign. The title search could reveal problems that must be corrected before the title can be legally transferred to a new owner. These problems range from other claims of ownership, overdue property taxes or liens on the property. The title company employs experts who know what to do to handle this problems.
Mortgage lenders require this service, ensuring no legal entanglements arise with the property. By resolving legal issues before the sale, the transaction can flow smoothly for the seller, saving valuable time by avoiding delays. After clearing the title, they can then issue title insurance for the buyer and the seller. Title insurance acts as a warranty on the title against any financial loss, should any problem ever arise in the future. The security this offers allows both parties to move on with confidence in the transfer of title.
Unless you just purchased your home, inspections may be stressful over the anticipation of possible bad news. Mortgage lenders will not finance your buyer until any repairs are complete. As the seller, you may be responsible in every way, including financing, for making major repairs before you can continue the process of selling your house in Kansas City . Another avenue many sellers agree to in the sales contract is allowing the buyers to use the estimated amount of any repairs to lower their offer. You should have more than one contractor inspect any issue and provide their estimates on the repairs. The differences can be startling in both their resolution and pricing for their services. Regrettably, some buyers may simply walk away from the deal upon hearing bad news from the inspection. For this reason, many homeowners have a pre-inspection to ensure a smooth and speedy closing. Keep in mind the laws regarding full disclosure in real estate transactions.
Determining the market value or the amount the home would sell for on the current real estate market is essential in determining the sales price when you need to sell your house in Kansas City. Appraisers will physically visit the subject property, and review the exterior and interior. They take note of the number of bedrooms, bathrooms, total rooms, and living space, as well as the condition of the interior space. They’re also intimately familiar with Kansas City and exterior influences that may hinder the property’s full enjoyment, such as less than pleasant odors from industrial areas nearby. Their ability to analyze all of the influential factors involved in this determination makes appraisers extremely valuable in managing the risks on loans made by lenders or other parties with financial interests. Usually required on behalf of the lender to ensure the loan to value ratio falls into a low-risk percentage, usually lending up to 80% of the appraised value without requiring private mortgage insurance.
Real Estate Agents
Real estate agents represent home sellers in the process of selling their homes. Chances are when considering which method to use to sell your house in Kansas City , listing with a real estate agent is likely the first thought that comes to mind. An agent should advise you on what the market value is on your home and what you could possibly sell it for. They also market your property and handle the selling process. For this, real estate agents will get paid a commission based on the sale of the property.
Kansas City Home Buyers
Put off by the process of showings, you may be hesitant to list your property with a real estate agent, and the idea of strangers touring your home, virtually or in person, may seem like a hassle. You may also prefer to not risk your health with potential exposure during the pandemic.
Many sellers can afford the inevitable time involved with prepping their home to be listed, possibly remodeling or making repairs to the house, others may not have the time or the funds to do so. Many sellers want to avoid real estate agent commissions by listing their home on their own.
Did you know there is another alternative to sell your home without commissions? Out of all people you may work with if you need to sell your house in Kansas City , Mastiff Home Buyers can help you handle all of your problems! Once you agree to a fair cash offer, and Mastiff Home Buyers won’t charge any hidden fees or commissions. Mastiff Home Buyers handles everything, with no inspection or repairs and no waiting, usually closing within 30 days or less. We make the process easy! Ready to learn more? Send us a message or call Mastiff Home Buyers at 816-535-0076 today!