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What is a Cash Home Sale in St. Louis, Missouri?

What is a Cash Home Sale in St. Louis, Missouri?

You have probably seen signs around St. Louis, Missouri that read “We Pay Cash for House” or “Sell Your House Fast”. However, you may not know what the signs mean or the people behind them. If you need to sell your house fast, now is a good time to find out more about the buyers that post those signs and how they can help you save time and money selling your home.

Selling your house as-is for cash is a smarter alternative to a traditional sale. A buyer can work with you directly to sell your house fast in St. Louis, Missouri so that you can unload your property or get out of your mortgage. Below, we take a closer look at a cash home sale and how it helps sellers.

Learn More About a Cash Sale in St. Louis, Missouri

A buyer is a professional real estate investor that pays cash for homes. Many buyers purchase properties to flip them or rent them out. Some buyers also purchase homes to fix them up and improve the value of the property and the surrounding neighborhood. Buyers are typically not real estate agents or brokers, although some of them may have their realtor license. 

Buyers do not buy your house the traditional way. There is no realtor involved, approval for a traditional mortgage, or long, complicated closing process. Instead, the buyer approaches you directly to pay cash for your house. The process is simple and usually takes seven to 21 days to complete. You can sell your house fast and walk away with no strings attached.

How Does a Home Cash Sale Work? 

If you have ever sold a house before, you know how frustrating it can be finding a realtor, making repairs, negotiating with potential buyers, and closing the sale. A cash sale helps you avoid the hassle of selling your house by eliminating all the hoops you have to jump through to make the transaction. You can sell your house as-is in three easy steps.

Step 1: Contact a Local Home Buyer

The first step is to find and contact a local home buyer in the area. Call the buyer and schedule a walkthrough of the property. The buyer will assess your property to decide if they are interested in paying cash for your house.

Step 2: Get a Fast Cash Offer

If the buyer likes the house they will make an offer on the property. Most buyers can make an offer within 24 to 48 hours so that you do not have to wait. The offer will typically come in at just below the current market value of your house.

Step 3: Get Paid Cash for Your House

If you accept the buyer’s offer, you will schedule a convenient closing date. The buyer will most or all of the closing costs. If the process goes smoothly, you may be able to close the sale of your house within seven to 21 days.

    Get Your Fair & Honest All-Cash Offer Today! No Obligations!


    Or Call Us Now At 314-721-6800

    What Are the Benefits of Working with a Cash Home Buyer?

    A traditional home sale may not work in your particular situation. If you need to sell your house fast, you may not have time to list your house on the market and wait to find a buyer. There are several reasons why working with a cash home buyer in St. Louis, Missouri is a better option.

    Work with a Pre-Qualified Single Buyer

    Showing your house to multiple people, negotiating with buyers, and finding someone who actually gets approved for a mortgage loan can take the wind out of your sales quickly. It can be refreshing working with a single buyer who is already interested in buying your house and can pay cash. 

    Sell Your House How and When You Want

    Do you really want to sweat it out for months spending endless time and money in the hopes of finding a buyer? It can take up to six months to list the property, repair the house, and get an approved buyer. When you work with a local home buyer, you can sell your house when you want. Buyers can close deals in as little as seven to 21 days. Sell your house fast and move on.

    Avoid Selling Costs

    If you think you can make a sizable profit on your house, then you may want to think again. Selling a house is expensive. You are likely to spend thousands of dollars on marketing costs, realtor commissions, repairs, inspections, appraisals, and closing costs. You can avoid all of those costs when you sell your house as-is for cash. You pay nothing and walk away with no strings attached.

    Sell Your House Regardless of Your Situation

    You do not have to let your situation keep you from selling your house. Cash home buyers work with sellers in all types of situations including bankruptcy, foreclosure, divorce, new job, relocation, forbearance, damaged house, rental properties, inherited property, vacant house, or late mortgage payments. 

    Get a Fast Cash Offer From Klamen Real Estate Group

    If you need to sell your house fast in St. Louis, Missouri, contact Klamen Real Estate Group. Our cash home buyers can look at your property, make a fair cash offer, and close the sale in as little as seven days. Call us today at 314-721-6800 and get a fast cash offer.

      Get Your Fair & Honest All-Cash Offer Today! No Obligations!


      Or Call Us Now At 314-721-6800

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      9 Things to Ask Companies That Buy Houses in St. Louis, Missouri

      9 Things to Ask Companies That Buy Houses in St. Louis, Missouri

      If you need to sell your house fast in St. Louis, Missouri, you may be looking for an alternative to a traditional sale. You may not have enough time or resources to waiting 60 to 90 days to find a buyer and close the sale. If so, a better solution may be to sell your house as-is to a company that buys houses in St. Louis. 

      However, you may be unfamiliar with how a home cash sale works. In a nutshell, the professional buyer looks at your house, assesses its value, and makes a fast cash offer. If you accept the offer, you choose the close date, sign the paperwork, and walk away with no strings attached. Chances are you will have some questions about this type of real estate transaction and the process works. 

      Below, we cover some of the most common questions from sellers. If you have any further questions, feel free to contact Klamen Real Estate Group. We buy houses as-is in St. Louis, Missouri.

      Question 1: Are you realtors?

      This is one of the most common questions we get. The answer is no. We are not realtors. What’s the difference? A realtor takes on the responsibilities of marketing and selling your house. They negotiate with sellers and help you at closing. In exchange, they take a commission of the final sale price. 

      By contrast, companies that buy houses work directly with the buyer with no need for a realtor. You don’t have to list or market your house. Plus, you pay no realtor commissions.

      Question 2: How much experience do you have buying houses in this area?

      Like any other business, professional house buyers must establish credibility with a seller before they ask for their business. A reputable buyer has engaged in dozens of real estate transactions and can provide proof of a successful track record. They typically have a well-established network of partners that includes real estate agents, lenders, contractors, inspectors, and landlords, and other business owners in the area. Ideally, you want to find the most experienced and qualified buyer in your area.

      Question 3: Are you local or national?

      Yes, this question matters. While local companies may have lots of resources and a huge network, they lack the personal touch and the boots-on-the-ground expertise of your local real estate market. A local buyer will appreciate your market, your situation, and the challenges of selling your house fast in the St. Louis area. Since they are local, they also have greater accountability and are likely to deal with you honestly.

      Question 4: How much will it cost me to sell my house fast in St. Louis, Missouri?

      In most cases, homeowners pay nothing in a cash sale. It ultimately depends on what the buyer and seller agree to. For instance, you may pay a little in closing costs. However, most companies that buy houses pay 100% of the closing costs. In addition, you pay no realtor commissions, no fees, no repairs, and no hidden costs. The buyer typically assumes any applicable expenses. 

      Question 5: What if my house is in bad condition? Will I have to make any repairs or upgrades?

      No. You sell your house as-is. That means that the buyer agrees to pay for your house as-is regardless of its current condition. You don’t even have to schedule a property inspection or appraisal. Furthermore, the buyer assumes any risk involved if the house is unsafe or outdated. You are not liable for any problems that arise after you sell the house.

      Question 6: How quickly can I sell my house?

      The purpose of a cash sale is to eliminate the steps that prolong the process so that you can sell your house fast and move on. While there are no guarantees, a company that buys houses can typically close a sale within seven to 21 days. That’s much faster than a traditional sale, which takes 60 to 90 days. You can sell your house when you want without delay.

      Question 7: Does my current situation matter?

      In extreme cases, there may be a legal precedent that keeps you from selling your house. However, in most cases, your situation should not prevent you from selling your house directly to a buyer. Companies can buy houses in situations such as a new job, military, divorce, probate, foreclosure, bankruptcy, damaged house, vacant house, or rental house.

      Question 8: How much can I expect to get for my house?

      Numerous variables determine how much the buyer is willing to offer for your property. They look at factors such as the age and condition of the house, your real estate market, the property’s current market value, the purpose of buying the house, or any circumstances that might affect the sale. The goal is to make an offer just under the home’s current market value without lowballing you. 

      Question 9: Can I sell my rental house if there are still tenants in it?

      You can sell your house legally if there are still tenants in it, as long as the buyer agrees to assume responsibility for the tenants so that you are free to walk away. It doesn’t matter if you have bad tenants or are in the middle of an eviction dispute. You can simply sell the house with no strings attached and move on. The buyer assumes any legal responsibility from that point forward.

      Contact Us to Sell Your House Today!

      If you are ready to sell your house fast, then now is the time. Klamen Real Estate Group can make an offer and put cash in your hands in as little as seven days. Call 314-721-6800 to get a fast cash offer today.

        Get Your Fair & Honest All-Cash Offer Today! No Obligations!


        Or Call Us Now At 314-721-6800

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        How Much Commissions Do Realtors Make?

        How Much Commission Do Realtors Make?

        One of the most eye-opening – and disappointing – aspects of selling a house is seeing your profits dwindle due to selling expenses. Repairs and closing costs can significantly reduce your bottom line, making you wonder if the time and money you spent preparing to sell your home were worth it. 

        One of the most shocking expenses when selling a house is realtor commissions. Most homeowners are unaware of how much a realtor can make on a single transaction. The amount is high enough to further cut into your profits. When combined with other selling expenses, realtor commissions can diminish your efforts to get ahead while selling your home. How much commission do realtors make, and is it worth it to hire them? Let’s take a closer look. 

        What Are Realtor Commissions?

        The realtor’s commission is a fee paid to a realtor for the services provided to home buyers and sellers. It is typically paid to the real estate brokerage firm that the realtor works for and then split with the realtor on a pre-determined basis. Most realtors are not paid hourly, weekly or monthly fees. Instead, their income depends on the commission they earn when they close a  real estate deal. 

        It should be noted that the percent is not paid to one realtor. Most real estate transactions involve two realtors—one representing the selling party (listing agent) and the other representing the buying party (buyer’s agent). The commission is split into two equal parts, with each realtor receiving their portion of the commission.

        How Much Does a Real Estate Agent Make Per Sale?

        While the commission can be a pre-determined flat fee (i.e., flat fee agencies), most realtors charge a percentage of the property’s final sale price. The total commission percentage can vary, but it is generally around 5–6% of the property’s final selling price. That amount seems small at first glance. However, when you do the math, it’s a larger number than you realize. Look at the commission on some of these sales below.

        Final Sale Price

        Commission %

        Total Payout

        $100,000 5% $5,000
        $200,000 6% $12,0000
        $250,000 5% $12,500
        $300,000 6% 18,000

        As you can see, realtor commissions can take a huge chunk out of your profits, leaving you with a little leftover. Let’s do the math on what your selling expenses look like with realtor commissions combined. 

        Let’s say you are selling an older home for $200,000 in the St. Louis area. Since the home has a few years on it, you need to repair the property to current building standards. In addition, you can count on spending money on closing costs. If we look at what the average home seller spends on selling costs, here is what you can expect to pay with realtor commissions combined.

        Selling Cost

        Average Amount

        Repairs and upgrades $11,000
        Closing costs $7500
        Home staging $1100
        Home inspection $350
        Realtor commissions $12,000
        TOTAL: $31,950

        So, if you are selling your house for $200,000, you can expect to pay around $30,000 just to close the sale. Realtor commissions make up about one-third of your selling costs – the largest of any expense.

          Get Your Fair & Honest All-Cash Offer Today! No Obligations!


          Or Call Us Now At 314-721-6800

          Are Realtor Commissions Negotiable?

          You have probably heard it said that if you want to cut house selling costs when selling your home, try negotiating the real estate agent’s commission fee. However, contrary to popular belief, you cannot negotiate with real estate agents on commissions in most situations. Most commissions are hidden by traditional real estate firms. They usually are not readily provided to potential home sellers and they usually are not negotiable.

          The main reason commissions are non-negotiable is that they split between the listing and buyer’s realtors. Using the example above, a $12,000 commission would turn into $6,000 for each agent. The agent then splits the $6,000 commission with the agency and deducts any expenses. As a result, their commissions are greatly reduced. It is why they usually do not negotiate their commission.

          However, as the seller, how much the agent makes is not your concern. What is your concern is that you spent a total of $12,000 on real estate commissions. That is a large sum of money on a $200,000 house sale.

          Sell Your House As-Is Directly to a Buyer to Avoid Realtor Commissions

          To avoid realtor commissions, repair expenses, and closing costs, the best way to unload your property is to sell your house as-is for cash directly to a buyer in St. Louis, Missouri. There are several benefits of bypassing a realtor.

          • You do not have to list your house on the market.
          • You sell your house as-is – repairs or upgrades.
          • You avoid paying realtor commissions.
          • Sell your house when you want instead of waiting for a buyer.
          • Sell your house regardless of your current situation.

          Some realtors may not take you as a client if your situation makes it difficult for them to sell your house. However, when you sell directly to a buyer, your situation does not matter – a new job, relocation, military, divorce, probate, foreclosure, bankruptcy, damaged house, or rental house.

          How to Sell My House Fast in St. Louis, MO

          You may be wondering, “How do I sell my house fast in St. Louis, Missouri?” Klamen Real Estate Group can buy your house in three easy steps.

          Step 1: Contact Us

          Call Klamen Real Estate Group or fill out the contact form to schedule a quick walkthrough of the property. Don’t worry about making any renovations or repairs or even cleaning the house. We buy houses as-is. Feel free to ask any questions or express your concerns. We are happy to discuss your situation.

          Step 3: Get a Fair Cash Offer

          If our buyers like what we see, we will make a fast cash offer at just under your house’s current market value. In most cases, we can offer as little as 24 to 48 hours after seeing the property. When you work with Klamen Real Estate Group, you get a fair offer for your house.

          Step 3: You Get Paid

          If you accept our offer, you can schedule a closing date that is convenient for you. We pay all closing costs and fees. You simply show up, sign the papers, and get paid. When you work with us, selling your house in St. Louis has never been easier. Get started with us today!

          Sell Your House Fast to Klamen Real Estate Group

          Selling your house can be easier than ever when you sell your house for cash to Klamen Real Estate Group. We offer a simple, no-cost solution that helps you get out of your mortgage or sell your house regardless of your situation. To find out more about the benefits of selling your house for cash, call (314) 721-6800 and get a fast cash offer.

            Get Your Fair & Honest All-Cash Offer Today! No Obligations!


            Or Call Us Now At 314-721-6800

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