Top 7 Reasons Why Many Homes Don't Sell in Kansas City

Let's face it, some homes take a long time to sell — if they ever sell at all. For many individuals trying to sell a home, they just can't wait that long. Whether you're in foreclosure, inherited a property you don't want to keep, or are facing a divorce, if you need to sell your property quickly, contact We Buy Houses Cash KC. We work with Kansas City area clients to purchase homes for cash with a quick closing timeframe. We also buy homes for cash in Independence, Raytown, Grandview, Overland Park and Kansas City, KS.

When working with a traditional real estate agent, selling your home can take months. Most real estate agent agreements allow for six months to sell a home. Before your home is even listed, the agent will offer suggestions for improvements to be made, then photos must be taken and marketing materials prepared. Once you finally receive an offer, the standard closing time is between 30 and 45 days.

1 – The Condition of the Home

One of the main reasons a home may not sell is that it's not in good condition. Most real estate agents will want you to make repairs and clean your home before it is listed. Homes with damaged exteriors — roofs, siding, broken windows, damaged landscaping — just don't offer the curb appeal needed to find a buyer. Even if a buyer is located, if your home can't pass inspection, the mortgage lender may not provide financing unless repairs are made.

2 – Bad Location

The location of your home greatly impacts its value. A well-kept home in a bad location won't have the same value as the exact home in a good location. Proximity to railroad tracks, major roads, manufacturing facilities, and other disruptive or unsightly features lowers your home's value. Inherited properties may have been in a good location when purchased, but over the years the state of the community can shift, making the property difficult to sell.

3 – The State of the Real Estate Market

Another factor outside of the owner's control is the current state of the real estate market. One factor that influences home prices is interest rates. When interest rates increase, finding financing for buyers becomes more difficult, and higher monthly payments can disqualify some buyers. In a slow market, houses sit on the market for longer periods.

4 – Your Home is Listed for the Wrong Price

If your home is priced too high — whether based on location, market conditions, or the condition of your home — it won't sell quickly. Houses have to be priced to compete with the competition. Also, for financing, the appraised value of the property must be greater than the purchase price. It is critical to price your property accurately if you want it to sell quickly.

5 – Unqualified Real Estate Agent

Not all real estate agents are good at their job. An unqualified or bad real estate agent may negatively impact the time your home sits on the market. It's important to read reviews and ask for references before you hire one. Remember, your real estate agent will take around 6% of the purchase price of your home for a commission.

6 – Too Much Competition

Another factor outside of your control is too much competition. When the market is hot after a cool period, homeowners that have waited for prices to increase all list their homes at the same time. When this happens, the market may become saturated. If your home is not in top shape, it may not be able to beat out the competition for buyers.

7 – Buyers Can't Get Financing

Most homebuyers are dependent on mortgage financing to purchase a home. Even if a buyer is pre-approved, it doesn't guarantee that financing will come through — your house can go under contract and then the deal falls through. Even under the best conditions, it takes up to 45 days to close once an offer is made.

Sell Your Home Without the Hassle

If you need to sell your home quickly, contact We Buy Cash KC. Our job is to locate houses for real estate investment deals that we then pay cash for. The timeframe to sell a home to us is usually two to three weeks, mostly dependent on the title company researching to ensure the home is clear of any liens or judgments. Contact us today with questions or to schedule a consultation — we pride ourselves on honesty and integrity to help you sell your home quickly.