How Do I Sell My House in Kentucky Fast For Cash?
Selling Your Home Can Be A Quick & Easy Process
We Buy 502 buys houses all over Kentucky. We’re not listing your house, we’re actually the ones buying your home. Because we pay cash and are buying your home directly from you, we’re able to close quickly (or on your schedule).
When you work with us there are no fees and no commissions like there are when you list your house with a traditional agent. You never have to worry about any extra costs to sell your house fast coming out of your pocket, or even getting your “market-ready” to sell. We want to buy your house as-is.
Timeframe: Once we get your information, we’re usually able to make you a fair all-cash offer within 24 hours. From there, we can close in a matter of days… or on your schedule.
Our simple 3 step process to sell your house hassle free
STEP 1
Request a cash offer today!
Forget the traditional way to sell your house and avoid the hassle of listing your house with our Cash for Houses Program. We can present you with a fair, cash offer in as little as 24 hours without obligations and no fees to buy your house.
STEP 2
Tell us when you prefer to close.
We’ll make you a fair all cash offer based on the market value and condition of your house.
The price we present covers everything. No hidden fees, no commissions and we buy houses fast and in as-is condition.
STEP 3
Sell for cash.
You choose the option to sell the property for cash that works best for you with zero obligation.
As local cash home buyers we close as fast as 7 days but if you need time to move, we can accommodate that too.
Is selling to a cash home buyer legit?
Yes, it is! The real estate industry is rapidly changing, and thousands of Americans are exploring their options when it comes to selling their house the fastest, easiest, and most transparent way. That’s where we come in. We offer an alternative for those homeowners who may not have the time or ability to list their house on the market for top dollar. We’ll work with you to assess your situation, make you a transparent all-cash offer, and close on your timeline.
What does “as-is” mean?
We buy your home as-is, meaning you don’t have to worry about doing repairs, fixing your home up, or getting it ready for showings. We’ll handle all repairs, inspections, and more after we purchase your home. We factor this into our offer, of course, but it saves you the money and the headache associated with getting your home ready to sell.
What does an “all-cash offer” mean?
“All-cash” means exactly that – all cash for your home! Because we are real estate investors who are purchasing your home directly, we don’t rely on traditional financing like retail homebuyers. When you sell to us, there’s no risk of the financing falling through, or closing being delayed. When we make you an offer, that’s the full amount you’ll receive at close.
How fast is a fast closing?
After you send us information about your home, we can make you a no-obligation, fair all-cash offer in as little as 24 hours. Once you accept, we close at a local, reputable title company in as little as 7 days. Compare that to the 30+ days it can take to close when listing your house the traditional way, and the benefits are obvious!
What if I don’t need a fast closing?
At We Buy 502, we work on your time frame. If you don’t need a fast closing due to the need to make arrangements, explore your future options, etc., we will schedule the closing on the day that works best for you!
Will I get a low-ball offer to buy my house?
Our goal is to provide you with the fairest offer possible. Unlike other buyers or the big tech giants, we’re transparent with how we arrive at an offer amount. What we offer is based on what the value of the property may be once we make the necessary improvements and upgrades. We’re entirely transparent with this offer process and happy to walk you through how it works.
How much will you offer buy my house for?
We have zero to hide. Here’s our exact process to determine how much we can offer to buy your house for.
- We research properties that have sold nearby to determine a market value.
We use tools like realtor.com to determine what nearby houses have sold in the past 90 days that are a similar size, number of rooms, condition, etc.
- We subtract the cost of repairs to fix up your house to match market value.
Using our 15 years of real estate experience we know what repairs typically cost. When possible to complete those repairs ourselves vs. hiring them out to a contactor to give you the best price.
- We subtract the estimated selling costs.
While there are zero out of pocket expenses for you like repairs, costs or commissions there is for us after we buy the house from you.
- We subtract our minimum profit to run the business.
This covers our business operating costs and is how we make a living for our families.
- That’s exactly the offer we’ll offer to buy your house for cash.
We take the “market value” – “cost of repairs” – “selling costs” – “minimum profit” = Our as-is all-cash offer to you.
A Few Possible Scenarios for You
Let’s breakdown our process for making an all-cash offer to buy your house in 3 common scenarios. Each of these scenarios assume the same property is worth $150K as-is, $250K fixed-up and $25K in repairs.
Scenario 1: Sell your house as-is with a real-estate agent.
Scenario 2: Fix-up your house and sell with a real-estate agent.
Scenario 3: Sell your house as-is directly to me.
Sell for 136K in 2-3 months minimum with no cash out of pocket.
Sell for $230K in 5-6 months minimum with $25K out of pocket; or $205K after you subtract the repairs.
Sell for $175K in 1-2 weeks with no cash out of pocket.
Let’s say your home could be worth $250K fixed up. However, in its current condition it’s worth about $150K.
You could sell that house with a real-estate agent and it could take 2-3 months minimum to sell and it’s not guaranteed to sell that fast.
You’ll typically pay a 6% real estate commission on the sale and during negotiations you may have to cover some closing costs.
On a $150K home sale the typical agent fees would be $9K and you might expect another $5K in seller concessions. So, in this scenario you would get $136K from the sale before you pay off any loans and it would take a minimum of 2-3 months and possibly longer.
Let’s say your home could be worth $250K fixed up. However, in its current condition it’s worth about $150K.
You could take on the repairs yourself. Let’s say it needs $25K worth of work. You would have to come up with the cash plus it may take 6-8 weeks to complete the repairs.
You’ll typically pay a 6% real estate commission on the sale and during negotiations you may have to cover some closing costs.
On a $250K home sale the typical agent fees would be $15K and you might expect another $5K in seller concessions. So, in this scenario you would get $230K from the sale before you pay off any loans and it would take a minimum of 5-6 months and possibly longer. Plus, you would have to come up with $25K to cover the repairs.
Let’s say your home could be worth $250K fixed up.
Let’s assume the house needs $25K worth of work as mentioned in the previous scenario.
If I were to sell the house with a real estate agent after its fixed up for $250K the typical agent fees would be $15K and you might expect another $5K in seller concessions.
For a deal like this, the typical profit for a flip would be about $30K. So, a sales price of $250K – $25K in repairs – $20K in selling costs – $30K in profit would equal a cash offer of $175K.
In this scenario that’s an offer to buy your house in as-is condition in a matter of weeks and for more than the house is currently worth.
So, which option would be best of these 3 scenarios?
- Scenario 1 isn’t worth considering. It’s the least profitable for you and it takes the longest.
- Scenario 2 is the most profitable for you. However, it takes considerably more time to sell and requires a significant amount of cash to complete the repairs. If time and money isn’t an object – I would recommend you go this route.
- Scenario 3 is the fastest for you. It’s by far the fastest way to sell and there’s nothing out of pocket costs for you. And, in this scenario the offer is higher than what the house is worth if you sold as-is the traditional way in scenario 1. If you want an offer to sell the house fast and/or you don’t want to put money into repairs – I would recommend you go this route.
Ready to See Your Offer?
If you’re ready to get a free, no-obligation offer to sell your house for cash complete the short form below to get the process started. Or, you can reach me directly on my personal cell phone at (502) 849-5950.