Selling a House in Poor Condition in Cape Girardeau County, MO
Selling a house in poor condition in Cape Girardeau County, MO. We understand, some houses seem impossible to sell. Whether you aren’t predisposed to make the minor updates necessary for the traditional market, or are asking yourself if you’re ever going to be able sell a house with serious water damage, Evervest Home Buyers can offer you a solution. We pay full value, in cash, for as-is houses in the Cape Girardeau County area, and can close in as little as a month. Whatever type of repairs your home needs, we will make you an offer. If you’re selling a home in poor condition in Cape Girardeau County, MO and want a home-selling experience with no hassle, call Evervest today at (573) 367-5655 or tell us about your property online.
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What is Meant By a Home in “Poor Condition” in Cape Girardeau County, MO?
“Poor condition,” is an inexact phrase. To some, it may mean a house that is unlivable, to others it may mean the walls need repainting. Generally, houses in poor condition can fall into three group: houses that are uninhabitable, houses that need major remodeling, and houses that just need some fine tuning:
- 1. Houses that no one can live in — Sometimes, a house is in such bad shape that it does not provide the basic shelter a home must. Examples of unlivable houses include:
- Considerable Fire or water damage
- Lead and/or asbestos you can’t eliminate
- Black mold
- Serious foundation issues
- Termite damage
- Extensive electrical issues
- Significant roof damage
- 2. Houses that need significant repairs — Other houses habitable, but uncomfortably. Houses in need of major work are houses with:
- Plumbing issues
- Minor electrical issues
- Expiring HVAC systems
- Damaged kitchen
- Damaged light fixtures
- Damage to walls, garage, floors, or ceiling
- Damaged chimney
- Small issues with the foundation
- 3. Houses that need updating or are otherwise undesirable — Some houses aren’t necessarily in bad shape, but could possibly turn traditional buyers off for other reasons:
- The house is in bad part of town
- You have bad tenants
- It’s an outdated property
- It’s been vacant for a long period
- Crimes were committed at the property
- Dirty surfaces
- Untended landscape
- Peeling paint
- Minor wood rot
If you need to sell a house in poor condition in Cape Girardeau County, MO, it will be much harder than finding a buyer for a turnkey house, but that doesn’t mean it’s impossible.
Selling a House in Cape Girardeau County, MO in Poor Condition? Here’s What You Can Do
Most people looking to buy a home want a house they can envision themselves being comfortable in, not one they’ll have to put work into, or spend money to bring it up to par after they’ve already spent money on the house. While selling a house that is already in turnkey condition is easier to a traditional buyer, there are still ways you can sell your Cape Girardeau County, MO house in poor condition:
- Do a complete remodel — This will get the most money for your property from a traditional buyer. However, the repairs may not add enough value for you to get your money back. An entire home remodeling will run up to $78,270. According to national cost vs. value report, most repairs only get a 50-70% return on investment. For example, the average bathroom remodel costs $27,164, but only adds $15,990 to your final sale price. While making significant upgrades will almost certainly fetch the highest bid for your house, you probably won’t profit off of the repairs you made. The repairs will also add significant time to the time before your house is ready for the Cape Girardeau County, MO market.
- Make minor repairs — An alternative is to merely raise your Cape Girardeau County home’s curb appeal. Curb appeal by itself can increase a property’s value by 7% or more. The cost of cosmetic upgrades is not nearly as much:
- $153-$929 for a light fixture
- $161-$363 to replace faucets
- $1,2000-$3,900 to repaint all the interior walls
- $350-$3,500 to refinish cabinets
While the return on investment isn’t very high either, you won’t be spending nearly as much money. The added curb appeal will lead to a higher offer, though not as much as making major repairs.
- Sell your home “as-is” to a conventional buyers — There are some traditional buyers who will buy a property in poor condition with the hope of spending less on the down payment and gradually make upgrades over the years. There aren’t many of those, 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. That will further increase the time and money spent before you can unload the home.
- Sell in poor condition to cash home buying company — The final option is to sell your property to a company that pays cash for Cape Girardeau County-area homes. At Evervest, we buy homes in any condition for the current value of the property. Then, we make all the necessary repairs and upgrades ourselves and make a small profit off the resale. Our process is easy and gets money in your account in as little as 30 days:
- We carry out our own inspection
- We give you the best possible offer while still seeing the property as an investment for ourselves
- When you accept our offer, we can have a contract ready and close in just 7 days
The way we do things puts no pressure on you and gets you fair value for your house. 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 have to see is the person who’s making the purchase. We are discrete and nonjudgmental; you don’t even have to mop the floors when we come over to look at your home.
Our team consists of a licensed Cape Girardeau County, MO real estate broker, and a construction expert with more than 30 years of experience. We are always straightforward to Cape Girardeau County, MO homeowners about how much their property is worth, and how we valued it. We’re don’t get rich off the sale of one property; we buy and rehabilitate houses to earn a moderate profit and improve our Cape Girardeau County neighborhoods.
If want to learn more about selling your house in poor condition for cash, get in touch with us at (573) 367-5655, or read on to discover more about the cash home buying process.
Selling a House in Poor Condition in Cape Girardeau County, MO: Frequently Asked Questions
31.4% of U.S. homes sell to cash buyers, according to a Redfin report. While selling a house in poor condition to a cash buyer is becoming a more popular option, most Cape Girardeau County, MO homeowners who inquire to us still have questions about the process. The following are some of the questions we get the most about selling a house as-is:
Is the cash home buying process a scam?
Unfortunately sometimes. There are bad people in this world who lie to others for money. But selling to Evervest is not a scam; we are intent and intentional about our integrity and dedication to our communities. If you have any doubts, you can look at our client testimonials and our perfect score with the Better Business Bureau®. We’ll always show you proof of funds before you sign, and in more than two decades we have never gone back on a contract because we didn’t abide by its terms.
We’re from the Cape Girardeau County, MO area, and are proud to raise our own families in the same place. We do not want to cheat any of our neighbors.
How do I know the true value of my home as-is?
We always strive to give offers that we truly believe are fair. The value of your home is based on numerous different aspects, including where in Cape Girardeau, MO it’s located, how big it is, and the condition its in. 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 numerous sites, like Zillow, that offer approximations of your homes value. You can also hire a credentialed appraiser who can give you their estimate.
Can I sell my house if I’m in debt?
Yes. We’ve purchased houses from homeowners who owe back taxes and have houses in foreclosure. Getting cash for your home is an excellent way to get the funds to become debt-free quickly.
Do I get paid in actual cash?
No. While it might sound fun to have bags full of cash, we’ll wire the money to your account. “Cash buyer” means we’re using our own money to pay for the full value of the house, and aren’t won’t be getting a mortgage.
Other types of properties we buy in Cape Girardeau County, MO include:
- Selling a Home in Pre-Foreclosure
- How to Sell a House That Needs Major Repairs
- Home Investors
- Sell My House
- Cash for Homes
- Cash Home Buyer
Selling a House in Poor Condition in Cape Girardeau, MO | Evervest Home Buyers
Selling a house in poor condition can be a stressful experience, but we can offer a solution. Evervest Home Buyers has more than three decades of experience offering Cape Girardeau, MO homeowners get full value for their properties. Don’t let a damaged property hold you down; turn it into a jumping board to the next phase of your life today. To sell your Cape Girardeau, MO home in poor condition, call us at (573) 367-5655 or get your offer through our website.