Case Study: 802 SW Foxtail, Grain Valley, Mo

4 Bdrm, 2 1/2 Bath Split Entry
4 Bdrm, 2 1/2 Bath Split Entry

The Numbers:

Purchase for $90,000.00 on the day of purchase on the courthouse steps.

This home was fairly new and in not too terrible condition.  Best of all it was vacant, so we could start on it quickly.  We sold as repaired with the buyer requesting freshly painted interior, new flooring and some exterior repairs.  Total in repairs $19,395.86.

Holding Costs that includes back taxes, insurance, utilities, and interest, came to $1,328.11.

Settlement Fees that include tax prorations, title company fees, and real estate commissions of $7,549.43

Profit made was $10,721.60.

We held this house for 37 days.

The story on this house:

This home was purchased on the courthouse steps for cash wired to the bank trustee attorney completing the sale by 5 pm the day of sale in the amount of $90,000.

Our evaluation:

We learned about this home the day before the sale and took a drive by.  In observing we noted that the home was vacant.  Home needed renovated as the finishes were dirty and worn.  Yard was overgrown.  But over all not in to horrible shape.

We could not get inside of this home, but were able to look into windows.

We then turned to running the numbers of recent homes sold in the area and found home selling between $130,000 and $150,000 for average homes.


  • Yard clean up and grading
  • Complete interior paint
  • New Carpet and Tile Floors
  • Siding Repairs and Exterior Paint Touch up.


We listed home for sale in the MLS and marketed heavily to local Realtors who work the area as well as the top 20 or so home selling web sites including CraigsList.  We listed at $119,900 as repairs.

We had multiple showings that resulted in several different offers.  We accepted the $129,000 offer that had us doing the least in repairs.

Kim Tucker

Kim Tucker along with her husband Don and son Scott has been buying homes across the Kansas City Metro since 2000. When you need to sell a home, don't have the time or money to go the traditional route, and want to skip the hard parts of cleaning it out, fixing it up, all the marketing, inspections, and waiting, we have the easy button. Give us a call and see how we can help. We buy across the Kansas City Metro area, Northland, Eastern Jackson County, Johnson County, and more. Draw a big circle around the major metro area and that is our area. We are also licensed Real Estate Agents, so if you want to compare a cash offer vs listing it as is (we do that, not all Realtors do) or listing it all fixed up, we can walk you through the numbers and help you either way.

Looking For Investment Properties?

Fill out the form below to join our "Preferred Property Buyers" list and for local real estate updates too!

Enter Your Information Below To Get Immediate Access

... to our HANDYMAN specials. *These may or may not be listed on MLS. Available properties on the next page.
  • This field is for validation purposes and should be left unchanged.

Leave a Reply

Your email address will not be published. Required fields are marked *