Many existing homes have been selling at a faster pace this year. But what if you own a house badly in need of repairs? What if that house won’t pass an inspection? What if you are behind on your mortgage? KC Cash Home Buyers, locally owned by Brandon Logan and Brett Shelton, has the solution to those problems and a number of others, such as selling an inherited house or one involved in a divorce settlement.
KC Cash Home Buyers
Although they particularly like buying houses in eastern Jackson County, they can help with the purchase of distressed homes anywhere in the Kansas City area on both sides of the state line and typically offer a better deal than national companies because they own a local construction company.
Logan started the business in 2005 and was joined four years ago by his college roommate, Shelton. Logan has an extensive real estate background as a member of the Rob Ellerman Team of Reece & Nichols Realtors, one of the top-producing sales teams in the Kansas City area. Shelton balances that knowledge with his background in accounting.
Because Logan knows the Kansas City area real estate market, he is able to realistically value the homes KC Cash Home Buyers purchases. He also owns IQ Construction and that company does all renovations to the homes before they are sold.
“We fix these homes so that they are like brand new,” Logan explained. “We bring value to the neighborhood by repairing the house, eliminating blight, and since we are a local company, all the money spent on renovation and the money paid for the remodeled house stays in Kansas City.”
The amount KC Cash Home Buyers pays for a house depends on the comparable value of other homes in the neighborhood as well as the amount of work needed to renovate it. Logan said after touring a house, he can usually make an offer within 24 hours and since the company pays cash, closing can be within as little as week, depending on how quickly title research is completed.
“Many of the homes we buy are basically unsaleable because they cannot pass inspection,” Logan said. “The owner may have lived there for 35 or 40 years. They may have asbestos tile and lead paint that need to be removed. Wiring and plumbing need to be brought up to code. And they need to be updated. Buyers want houses that are ready to move into. They don’t want to buy something and then spend months working on it.
“We do all of that. The seller, who might not have the money to make the repairs, is relieved of that burden.”
“We buy all over the Kansas City area, we want to help rebuild our city,” Logan said.
Logan’s background as a real estate agent is especially helpful to homeowners facing foreclosure or a short sale because the current value of their home is less than their mortgage.
“I have experience working with banks in those situations,” he said.
KC Cash Home Buyers offers advantages that similar national companies cannot, Logan said, because he knows the Kansas City area real estate market and local home values, he uses his own construction company to do the renovation and all of the money generated by buying, renovating and reselling the homes stays here.
Logan’s partner Shelton’s extensive accounting background allows him to keep a close eye on budgeting, expenses and scheduling the work.
Anyone who wants to sell their home quickly for cash may visit the website KCCashHomeBuyers.com and fill out the form or they may call Logan at 816-529-2226.