Behind on taxes. Divorce. Death of a loved one. Inheritance. Home needs extensive repairs. Job loss. Facing a short sale. Foreclosure looming.
People need to sell their homes for at least a dozen different reasons and now a local company can give them cash more quickly than more traditional selling methods. KCCashHomeBuyers.com, owned by Brandon Logan and Brett Shelton, offers a solution for homeowners needing immediate relief from the economic burden of ownership.
Logan started the business in 2005 and was joined four years ago by Shelton, his college roommate. 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’s expertise is a background in accounting.
Logan knows the Kansas City area real estate market, so he is able to realistically value the homes KCCashHomeBuyers.com 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 KCCashHomeBuyers.com 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 a week, depending on how quickly the title research is completed.
“Many of the older homes we buy are basically unsalable because they wouldn’t 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.
“We do all of that. The seller, who might not have the money to make the repairs, is relieved of that burden.”
Even with all of the challenges of bringing an older house up to code, Logan likes purchasing homes in older neighborhoods because of the charm of the homes and the neighborhoods.
“We buy all over the Kansas City area, but I really like being able to restore and maintain the value of homes in Waldo and Brookside,” 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.
KCCashHomeBuyers.com 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.
Those who want to sell their home quickly for cash may visit the website KCCashHomeBuyers.com and fill out the form or they may call Brandon Logan at 816-529-2226.