Selling a House in Poor Condition in St. Louis, Missouri
Selling a house in poor condition in St. Louis, MO. We get it, some houses seem impossible to sell. Whether you don’t want to make the minor updates necessary for the traditional market, or are wondering how on earth you’re going to get rid of a home with serious water damage, Evervest Home Buyers can offer you a solution. We pay full value, in cash, for as-is properties in the St. Louis area, and can close in as little as 30 days. Whatever type of repairs your home needs, we are interested in buying it. If you’re selling a home in poor condition in St. Louis, MO and want a stress-free solution, call Evervest today at (314) 730-0366 or contact us online to tell us more about your property.
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When Is a House in St. Louis, MO Considered to Be in Poor Condition?
“Poor condition,” is a subjective term. To some, it may mean massive damage, to others it may mean the carpet needs some serious cleaning. Generally, houses in poor condition can be broken down into three categories: houses that are uninhabitable, houses that need major repairs, and houses that need cosmetic updates:
- 1. Houses that are uninhabitable — Sometimes, the damage to a home is so bad that no one can safely live in it. Examples of uninhabitable houses include:
- Extensive Fire or water damage
- Lead and/or asbestos that can’t be removed
- Black mold
- Significant foundation issues
- Termite damage
- Serious electrical issues
- Extensive roof damage
- 2. Houses that need major repairs — Other houses can be lived in, but uncomfortably. Houses in need of serious work are houses with:
- Plumbing issues
- Minor electrical issues
- Failing HVAC systems
- Damaged kitchen
- Damaged light fixtures
- Damage to walls, garage, floors, or ceiling
- Damaged chimney
- Small cracks in the foundation
- 3. Houses that need updating, cosmetic fixes, or are otherwise undesirable — Some houses aren’t necessarily in bad shape, but might turn traditional buyers off for other reasons:
- The house is in bad neighborhood
- You have bad tenants
- It’s an outdated property
- It’s been vacant a long time
- Crimes were committed inside the home
- Dirty or stained surfaces
- Untended landscape
- Peeling paint
- Minor wood rot
If you’re trying to sell a house in poor condition in St. Louis, MO, it may be more difficult than selling a turnkey house, but you do have some options.
Selling a House in St. Louis, MO in Poor Condition? You Have a Few Options
Most home buyers want a house they can envision themselves being comfortable in, not one they’ll have to put work into, or pay someone thousands of dollars to fix after they’ve already spent money on the house. While selling a house that is already turnkey property is easier on the traditional market, you still have a few options for selling your St. Louis, MO house in poor condition:
- Make major upgrades or repairs — This is the way to get the most money for your home on the traditional market. However, the cost of getting there is high. A complete house renovation costs between $17,942-$78,270. According to national resale averages, most repairs only get a 50-70% return on investment. For example, the average roof replacement for asphalt shingles costs $31,535, but only adds $18,780 in value to your home. While making major upgrades will likely fetch the highest bid for your house, you’re unlikely to profit off of the repairs you made. The repairs will also take time, and it could be months or even a year before your house is ready for the St. Louis, MO market.
- Make minor, cosmetic upgrades — Another option is to simply make your St. Louis house look nicer. Curb appeal alone can increase a home’s value by 7% or more. The cost of minor upgrades is much easier to fit in a budget:
- $153-$929 for a light fixture
- $161-$363 to replace faucets
- $1,2000-$3,900 to repaint a home’s interior
- $350-$3,500 to refinish cabinets
While the return on investment isn’t very high either, you’ll be sacrificing substantially less money than if you do a full renovation. The added curb appeal will lead to a higher offer, though not as high as making major repairs.
- Sell your home “as-is” on the traditional market — There are some traditional buyers who will buy a house as-is in an effort to spend less upfront and gradually fix the house over the years. Those will be harder to find, and they’ll still expect the house to be clean, the grass to be mowed, and that you’ll put effort into staging the home. All of that takes additional time and money.
- Sell “as-is” to a cash home buyer — Lastly, you can sell your home to a company that pays cash for St. Louis-area homes. At Evervest, we give fair offers for homes in any condition. Then, we make the repairs ourselves and sell the property at a slightly higher value. Our process is simple and gets cash in your hand in as little as 30 days:
- We come to your home and do our own inspection
- We give you the highest offer we can while still seeing the property as an investment for ourselves
- If you accept our offer, we can write up a contract and close in as little as 7 days
Our process is not only fair and fast, but it’s entirely stress-free. You won’t have to deal with real estate agents, inspectors, appraisers, and getting ready for prospective buyers to come and see your home. The only person you’ll deal with is the person that’s buying your home. We are discrete and nonjudgmental; you don’t even have to pick the socks up off the floor before we do our inspection.
Our team consists of a licensed Missouri real estate broker, and a construction expert with over 30 years of experience. We are always direct to St. Louis, MO homeowners on the value of their home, and how we valued it. We’re not going to get rich off selling your property; we do what we do to earn a moderate profit and improve our St. Louis neighborhoods. Once our crew has rehabilitated the home, we’ll sell it back to a St. Louis, MO family who will use it as their home.
If you’re interested in selling your house in poor condition for cash, call us at (314) 730-0366, or read on to find out more about the cash home buying process.
Selling a House in Poor Condition in St. Louis, Missouri: FAQs
Nearly one-third (31.4%) of U.S. home purchases are paid for with cash, according to a Redfin report. While more people may be seeing the value in selling a house in poor condition for cash, most people in St. Louis, MO who reach out to us still have questions about the process. Below are some of the most frequently asked questions about selling a house as-is:
Is the cash home buying process a scam?
The short answer is: sometimes. Unfortunately, there are bad people in this world who lie to others for money. But selling to Evervest is not a scam; we pride ourselves on our honesty and dedication to our communities. If you have any doubts, you can check out our client testimonials and our A+ rating with the Better Business Bureau®. We’ll always show you proof of funds before you sign, and in 20+ years we have never written a contract that we didn’t close on due to us backing out of the deal spelled out in the contract.
We’re from Missouri, and are proud to raise our own kids where we grew up. We’re not trying to cheat any of our St. Louis neighbors.
How do I know how much my home is really worth as-is?
We always strive to give offers that we truly believe are fair. The value of your home will depend on a variety of factors, including where in St. Louis, MO it’s located, its size, and how much repairing it will cost us. The more the repairs, the more it’s value will go down. Still, there are many ways you can find out how much you should get for your as-is property. There are many sites, like Zillow, that offer approximations of your homes value. You can also hire a professional appraiser to help you understand how much your home is worth.
Can I sell my house if there’s a lien on it?
Yes. We’ve bought homes from people who owe back taxes and have houses in foreclosure. Selling a home for cash is a good way to get the money to pay off your debts quickly.
Do I get paid in actual cash?
No. While the idea of a suitcase full of cash is nice to think about, we’ll pay you through an electronic transfer into your account. “Cash buyer” means we’re using our own funds to cover the full purchase of the home, and aren’t taking out a loan.
Selling a House in Poor Condition in St. Louis, MO | Evervest Home Buyers
Selling a house in poor condition can be a stressful experience, but it doesn’t have to be. Evervest Home Buyers has over 30 years of experience offering St. Louis, MO residents a fast and stress-free home selling experience. Don’t let an old or damaged house hold you down; turn it into a jumping board to the next phase of your life today. To sell your St. Louis, MO home in poor condition, call us at (314) 730-0366 or get an offer online.