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Read This Before Selling Your House to a Cash Home Buyer in Kalamazoo, Michigan

Getting a fast turnaround on a home is important, especially in today’s real estate market. Before you sell your house in Kalamazoo, you’ll want to understand the top factors affecting the real estate market in western Michigan.

Cash home buyers in the Kalamazoo area are ready to pay a fair price to homeowners for both properties that are in great condition and for property that needs repairs. If you need to sell your MI house, you may not realize that a fair all-cash offer is even an option.

Traditional real estate sales or selling to an investment firm have long been a comfort zone for people who are selling their homes. With the rise of the no-obligation cash offer, it’s now possible for homeowners to unload burdensome houses fast.

Though that sounds like a great deal for helping homeowners, learning about the whole process before you put your Kalamazoo property up for sale is the best way to go.

Prepare your home for sale

Normal wear and tear on a home from living in it day in and day out leave a house in a state that’s not attractive to potential homebuyers. Though it can seem like this is cosmetic, and to a certain extent it is, that doesn’t make it superficial.

Cleaning and decluttering your home before the sale is the first step. Start by packing away anything and everything that you can, from household items to personal belongings. The reason for this is to allow prospective buyers to envision themselves in the home and to let them see what the space really looks like. You can’t do those things if someone else’s stuff is everywhere. 

Hiring a professional cleaner to do a deep clean of your house is a worthy expense here. Once you’ve packed things away, let them do the heavy lifting to prepare your home for sale. This can extend to having the carpets cleaned and the landscaping freshened.

Always come to this with an eye for what you’d like to see when you flip through real estate listings. Your house doesn’t have to look like a design magazine, but it does have to look neat. Again, the goal is to let people see the architecture of the home and to imagine themselves living there.   

A little work goes a long way

Even if your goal is selling your home to a cash buyer, you’ll be able to get a better price for your house when you give it a bit of a facelift before pursuing sale options. 

This can look like painting the front door, making visible home repairs, and decluttering. A good tip here is to get a second set of eyes to look at your house. Invite a trusted friend over to walk through your home with you and ask them what they’d notice if they were a potential buyer. An outside perspective can be really helpful here. 

Don’t put in a ton of work or spend a lot of time doing this though. Unless your agent has told you that something has to be addressed before putting the house on the market, you should leave it alone. No potential buyer is expecting your house to be perfect. All homes in Kalamazoo, Michigan have some problems, especially given the cold winter weather and the intensity of the cold in the winters here. 

Put your focus on the pieces that are most visible. Individual homebuyers are driven by the emotions of imagining their family living there. There’s a reason people say that they “fall in love” with a house. Give them something to fall in love with! Think of it like getting ready for a date and dress up your home appropriately. Even though we buy houses companies, cash buyers, and real estate investors are less emotionally invested in the homebuying process, they still want to see the house in great shape at first glance.

You have options for selling your home in Kalamazoo

Don’t let anyone pressure you into selling your house. You have tons of options. In today’s real estate climate, you can be confident that your home will sell quickly thanks to current trends in the Michigan real estate market. All you’ll need to get started is the property address that you’re interested in selling either in Kalamazoo, MI or the surrounding areas.

Here are three ways to sell your Kalamazoo house:

– FSBO: Sell it yourself

– Sell your home to an investor

– Sell your home through a real estate agent

Sometimes homeowners like to retain the most control over how it all goes. If that’s you then you’ll want to sell your home yourself through the for sale by owner or FSBO process. Do your research and consider the amount of work that you’ll have to do if that’s your choice. Also know that it can be an extremely satisfying way to go.

Hands down, the fastest way to sell your home in Kalamazoo is to do it through a real estate investor like a we buy houses company. The reason is that these companies specialize in quick turnover and are experienced in home sales. You have a distinct place to start and someone to follow you through all the steps to selling your house. 

The traditional route of selling your house in Kalamazoo through a local real estate company is a viable option. There’s a reason people do it this way! Working with an agent will give you the most support through your home sale. A professional agent will be able to give you advice and guidance all along the way. In exchange, they’ll take a hefty commission.

With this process, you’ll go through the entire process with all the paperwork, the open houses, closing costs, and the fees associated with selling a burdensome property. In addition, there may be repairs needed to sell your Kalamazoo house. Potential home buyers will have to go through a lot of paperwork for validation purposes as well. All of that might be well worth it to you, depending on your personality and your situation.

Understand the Western Michigan market

Kalamazoo River in Michigan
Image credit: Yi Liu via Unsplash

Kalamazoo is a college town, and the students at Western Michigan University and Kalamazoo College weight the real estate market towards rentals in the areas close to those universities. In addition, recent research points to Kalamazoo as a center for lifestyle renters. Higher-income Millenials are increasingly interested in renting instead of buying in this area. This pushes the average homebuyer in this area towards GenX.

If your home is near the Kalamazoo River or one of the lakes in town, then you’re well-positioned to attract a family or potentially higher-income buyer. Homes in Portage and Oshtemo are also attractive to buyers who are interested in getting a little further afield of the city. 

When you’re putting your home on the market, you’ll want to know as much as you can about what competing home in Kalamazoo county are going for. You’re not just competing with other houses in your immediate area, but with homes across the county. Making sense of the total reality of home sales all over the area of southern Michigan can help you to have the right expectations. 

Every situation is different

Though selling your home is a common experience, keep in mind that every situation is unique. You could be facing foreclosure, and if you are you should know that Kalamazoo cash home buyers have the potential to help you turn over your house fast.

Given its location next to the beautiful Kalamazoo River, the cultural and arts opportunities in the city, and the fact that the Kalamazoo area is a top Michigan city to raise a family in, it’s no wonder that houses in Kalamazoo are selling fast. Other nearby cities like East Grand Rapids, Sturgis, and Coldwater are also growing.

Unwanted property can take many forms, and burdensome houses or don’t require creative real estate solutions. If you need to sell your house fast and get out from under mortgage payments, to take care of back taxes, or untangle from bank financing, all you need to do is connect with a trusted cash buyer to get the fair offer you deserve as well as to get the money fast.

Homeowners in all kinds of situations can work with problem solvers who buy houses and are experienced with selling houses in Kalamazoo. Before you go to a listing agent to sell your house, you should absolutely explore all of your options.

How to Avoid foreclosure in Kalamazoo Michigan

What is foreclosure

Foreclosure is a process where the lender can take back ownership of your home. If the homeowner is not paying their monthly mortgage, the lender has to wait a certain amount of time before they can take back ownership. Foreclosure is something that everyone wants to avoid and though it isn’t easy to avoid there are many ways to avoid it.

What are the causes of foreclosure in Kalamazoo Michigan

There are many reasons that can cause a foreclosure, like job loss. It can be tough to find another job right away, and with no job means no money to pay for your monthly mortgage.

More reasons for foreclosure would be divorce, medical problems, or an illness that is preventing you from working.

How to avoid foreclosure

There are many different ways to avoid foreclosure in Kalamazoo Michigan. The first way is by speaking to your lender and trying to talk about different options. Different lenders have a variety of programs available for people who are struggling with making their payments.

Remember, most lenders are trying to help the homeowner avoid foreclosure.

Do not ignore it

The most important thing is to be aware, realize your lender is trying to contact you about your payments. Ignoring it will only lead to more problems.

Try to pay your monthly mortgage payments on your house, and if you can’t then there are other options while facing foreclosure.

There are many ways to avoid it but the most important thing is just being aware of what’s going on with your mortgage loan.

Make sure you keep in contact with your lender

Typically your lender will contact you after a certain amount of time. If you avoid their phone calls and emails then they will probably assume that means you don’t want to avoid foreclosure

As soon as the lender contacts you, it is important that you answer their questions, be honest about what has been going on with your mortgage loan so far.

This way there can be a plan of action that you can avoid foreclosure with.

Lender

Watch what you are spending

Avoid spending money on things that are not necessary. Try to prioritize being able to pay the monthly mortgage. If you are having trouble paying your mortgage, but you are making enough money, you should try to make a budget.

You can reinstate the loan

If you have missed a couple of months of your payments and you have enough cash, you can avoid foreclosure by paying what you have missed. You will also have to pay for expenses and fees.

The state law usually gives homeowners a certain amount of time to reinstate their loans. If the state law doesn’t allow you to reinstate, then talk to your lender and see if they will let you reinstate the loan, and find out how long you have.

You could enter a repayment plan

If you have missed a few months of payments and are not eligible to reinstate the loan, or don’t have enough cash to avoid foreclosure then your other option is entering a repayment plan. This will allow you to avoid foreclosure by paying back what you owe in monthly installments over a set period of time. You will have to pay back what you owe while also paying the monthly mortgage. You can usually do this over a period ranging from 3 to 9 months.

Assets

If you have more than one car or you have jewelry, then you could try to sell those assets. If you have someone at home who could start working to help you get that money to pay the monthly mortgage then you could also try that.

Even if you still cannot get enough money to pay for the mortgage, it shows your lender that you are trying and that you truly want to avoid losing your house.

Assets-Jewelry

Loan modification

In some cases, there is a possibility of loan modification. This could avoid foreclosure by lowering the monthly payments and making sure they are affordable for you, while also taking into account any other bills that you might have as well.  The interest rates might also be different.

For example, this could extend the term of the loan (from 20 to 30 years), and you would just pay less every month.

Forbearance agreement

If you have a forbearance agreement, or if your lender offers one for people who are struggling with paying their mortgage, then this is another option.

This allows the homeowner to avoid foreclosure by making lower payments on their loan every month until they can get back on track and pay more monthly payments again. This will also depend on what type of loan you have and how much money you make each month. The interest rates might be different as well but this is an option that could help you avoid foreclosure.

Bankruptcy

If you are in severe financial trouble and cannot avoid foreclosure, then filing for bankruptcy is an option.

This will allow the homeowner to avoid foreclosure by either paying less or not paying anything at all on their mortgage depending on what type of bankruptcy they file. Some people think it’s a way out as well because it doesn’t matter how much money they owe the lender – if they file for bankruptcy then everything goes away and nothing can be collected from them anymore. This might seem like a good idea but this could hurt your credit score, so make sure before hiring someone to help with the process that you understand every detail about filing for insolvency.

Bankruptcy

Short sale

If you are eligible for a short sale, it’s another option to avoid foreclosure.

A short sale is when the homeowner sells their home for less than what they still owe on the mortgage. It is up to the lender if they want to approve the short sale or not. You could sell to an investor in Kalamazoo Michigan, because investors are looking to buy for cheap.

For the seller, doing a short sale is less financially consequential than that of a foreclosure.

Avoiding foreclosure in Kalamazoo Michigan

Avoiding foreclosure can be done in many different ways. The most important thing is to talk to your lender and find out if you are eligible for any of these options.

If not, then talk to someone who can help you avoid foreclosure.

How to sell your house fast in Kalamazoo Michigan

Are you thinking of selling your house in Kalamazoo Michigan? We have the tips that will help you sell your house fast in Kalamazoo, MI. Selling a house is never an easy task, but by following these steps and utilizing our resources we can make it as painless as possible for you!

Top reasons people need to sell their house fast

There are many reasons why people need to sell their house fast, but some of the most common include:

Divorce

You and your spouse are no longer living together. One of you wants out while one doesn’t want to sell. Regardless of who is ‘right,’ this can be a stressful situation for everyone involved—especially when it comes time to sell your house.

Losing a job or getting a new one

Maybe you found a new job that gives way better pay, and the opportunity is way better. But there’s a problem. Your new job is in another state far away from Kalamazoo, Michigan. You start to think, “I need to sell my house fast.” Losing your job could also force you to sell your house.

Foreclosure

If you are facing a time when your income isn’t enough to make house payments or if you have been served with Notice of Default and believe it’s only a matter of time before the bank forecloses on your home, you need to sell your house as fast as possible.

Decide how you want to sell

FSBO

If you sell your home FSBO or For Sale By Owner, it means that you are in charge of the entire process. FSBO can be faster than selling with an agent, but studies show houses sell for lower prices. If you know the person who wants to buy the house or already has a buyer lined up, FSBO can be a great choice because you can sell the house fast, and you don’t have to give an agent a commission fee.

Selling with an investor

Selling to an investor can be one of the fastest ways to sell your house. If you sell your house to an investor, they will give you a fast-fair cash offer for your house. This can be a good option if you need to sell your house fast and want to avoid the hassles of listing it on the market. Investors also want to make it a speedy process and are ready to buy your house fast. Selling with an investor can take as little as 7 days.

Selling with an agent

If you are looking to sell for the highest price possible, then selling with an agent could be the right choice for you. They can give you the most accurate price of your home. One thing about selling with an agent is that you will have to pay a commission fee to the agent, which is usually around 6% of what the house sells for.

real-estate-agent

So, how do I sell my house fast in Kalamazoo Michigan?

Here are the steps that you need to take if you want to sell your home fast:

Set a reasonable price

The first thing you need to do is determine the price of your home. This will be determined by a variety of factors, such as what comparable homes sell for in your area and how attractive it looks on paper (for example, have any updates been done lately?).

Create an appealing listing

In order to sell fast, make sure that your house is listed online with high-quality photos and descriptive information like amenities or features that set it apart from other houses in the neighborhood. If possible, invest some money into staging or making minor cosmetic repairs before taking photographs so that buyers see themselves living there.

Remove personal items from your home

One of the most important things you can do to sell your house fast is get rid of personal items from your home so that there are no distractions. If possible, take any furniture with sentimental value and put it in storage until after closing since buyers often find homes unappealing if they know someone has lived there for many years before them.

Make your house presentable

Clean your home

Walk through the house with a prospective buyer in mind, removing any items they might find unsightly or of questionable quality. Vacuum and mop the floors. Try to clean out closets, and try to make them look as spacey as possible. Cleaning your house is one of the most important things if you want to sell your house fast.

Try to get storage

If you have outside storage like a barn or a warehouse and you have any items that can be put into the outside storage, like furniture that has been in the house for years and just taking up space. Get it out of your way so your house looks clean and tidy.

If you don’t have the storage you should try and get a storage unit to put your furniture and other boxes you don’t need, while selling your house in Kalamazoo MI.

Paint your home

Investing in fresh paint can make a house sell faster. A new coat of paint will cover up stained or damaged walls and give the whole house a refreshed look.

Paint-walls

Stage your home

If you need to sell your house fast, try staging the house. This will allow buyers to picture themselves living in it and make them more likely to buy it at a higher price than if they just viewed the pictures of the empty room online.

Improve lighting condition

Replace any light bulbs that are not working or are about to burn out—open blinds and curtains to try to get sunlight into your house. Good lighting makes a home a lot more presentable.

Make your exterior presentable

Clean the outside of your house. Cut the grass and trim trees to make it look more appealing from a distance.

Improve curb appeal

Invest in a fresh coat of paint for the outside. Plant some flowers and buy some mulch to place around flowers or anything that needs it.

sell-your-home-fast-in-kalamazoo-michigan (3)

Power wash siding and deck

Invest in some power washing to clean the outside of your house. This will remove dirt and grime from siding, decking, sidewalks, or any other exterior part of the home. Making the outside of your home presentable can go a long way and can even get you more money.

Make the foyer jaw-dropping

When someone first walks into your house, they should be impressed. From the first couple seconds of someone walking into a home they generally know if they are gonna want to buy it or not, so making the entrance look as good as it can, will go a long way.

Make quick renovations or repairs to increase the value of your home

If you have money to spend, some quick renovations or repairs can be done before putting your house on the market. These renovations or repairs can make the home sell for more. Some renovations that would be worth it  to make before selling a home are:

Repairs worth doing

Replace the windows

o Replace carpet in bedrooms and living areas

o Paint basement walls

If you do these renovations it could help you sell your house fast.

replacing-carpet

Repairs that are not worth doing

o Creative landscaping

o Painting entire house a different color

o Installing new carpet throughout the entire house

Doing these things is a waste of money and time. Let the buyers decide if they want a new carpet or different color paint, and they can do it themselves.

Things to avoid while selling your home

Hiding big problems with the house

You should be honest with potential buyers about any problems the house has. If there are major problems, then it might not sell as fast.

Avoid getting stressed

Selling your home can be very stressful and frustrating, but you should try and remain calm. Staying calm while selling your house will make the whole process much easier.

Selling during the wrong time

Trying to sell your home during the winter is the worst time to try and sell. It is cold and most people just want to stay home. Especially during the holidays, it is a hard time to sell.

Overpricing your home

Set a reasonable price for your house. If it is overpriced, then you might not sell it as fast. It might not even sell at all. If you have no idea how much your house should sell for, then you could hire a real estate agent to help. Or you could go to an investor who could give you a fair and honest offer on your house.

Limiting showings on your home

You need to be ready to leave your house at any time for a showing. Your house will not be easy to sell if you cannot show it easily.

Not making changes to your house

Making updates to make the home more appealing will take a lot of time and money, but it is worth it.

If you do not want to spend that much time or money then hire an investor who can give you a fair cash offer on your house.

Being home during showings

If you are at your home during a showing then it can make the buyer feel awkward.

Know when to sell your house

know what time of the year to sell your house so that you sell it fast. In 2019 the fastest sold homes were put on the market from March 11th to the 18th.

Some people wonder “what is the best season to sell my house in?” Spring is the best season to sell your house if you are trying to sell fast. Buyers typically start to look for homes when it starts to get warm. A good idea would be to start prepping your home for sale in the winter if you are selling your house in the spring.

Get a pre-inspection done on your home

Prior to putting your house on the market, get a pre-inspection done by an expert. This will give you peace of mind that any issues found can be fixed before they sell if possible. You should also arrange for repairs or renovations and livable contingencies in case problems are found during the inspection.

Be flexible with showings

If you want to sell your house fast, it will need to be shown. Make sure that the person showing has access at any time of day so they can show during evening hours or weekends if possible. Being flexible with showings will help you sell your house in Kalamazoo MI.

Keep pets out of sight during showings

If you have pets, keep them out of sight during showings.  Some buyers may find it unappealing to know that pets live in the home. Now that you know all of these tips you are ready to sell your home.

Sell my house fast Kalamazoo Michigan

Selling a house is not always easy to do. It can be time-consuming, scary, and exhausting. The most important thing to do is to pick the best selling option for you. Whether you get a free cash offer from an investor, sell with an agent, or sell your house yourself (FSBO). All you have to do is choose which would be the best for you.