Selling a House in Poor Condition in Cape Girardeau, MO
Selling a house in poor condition in Cape Girardeau, MO. Selling a house that needs major repairs can be daunting. Whether you don’t want to deal with repainting, cleaning, and staging for the conventional market, or are wondering how on earth you’re going sell a house with serious termite damage, Evervest Home Buyers is here to take your poor condition property off your hands. We pay full value, in cash, for as-is properties in the Cape Girardeau area, and can complete the transfer in as little as 30 days. No matter what shape your property is in, we are interested in buying it. If you’re selling a home in poor condition in Cape Girardeau, MO and want a a fast and easy solution, call Evervest today at (573) 367-5655 or get your offer online.
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When Is a House in Cape Girardeau, MO Considered to Be in Poor Condition?
“Poor condition,” is a subjective term. To some, it may mean a home that needs major repairs, to others it may simply mean the walls need repainting. Generally, houses in poor condition can be categorized by three types: houses that no one can live in, houses that need major repairs, and houses that need aesthetic updates:
- 1. Houses that are uninhabitable — Sometimes, a house is in such poor condition that no one can safely live in it. Examples of uninhabitable houses include:
- Considerable Fire or water damage
- Lead and/or asbestos that can’t be removed
- Black mold
- Considerable foundation issues
- Termite damage
- Serious electrical issues
- Extensive roof damage
- 2. Houses that need significant work done — Other houses habitable, but still have major issues. Houses in need of serious repairs are houses with:
- Plumbing issues
- Minor electrical issues
- Expiring HVAC systems
- Damaged kitchen
- Damaged light fixtures
- Damage to surfaces and siding
- Damaged chimney
- Small cracks in the foundation
- 3. Houses in need of aesthetic updates or are other minor patchwork — Some houses aren’t necessarily in bad shape, but might not be appealing to conventional home buyer for other reasons:
- The house is in bad neighborhood
- You have bad tenants
- It’s an outdated home
- It’s been vacant for a long period
- Crimes were committed inside the house
- Stained surfaces
- Neglected landscape
- Peeling paint
- Minor wood rot
If you’re selling a house in poor condition in Cape Girardeau, MO, it may be more difficult than finding a buyer for a house that’s already in pristine shape, but you do have some options.
Selling a House in Cape Girardeau, MO in Poor Condition? You Have a Few Options
Most home buyers want a house to live comfortably in right away, not one they’ll have to put work into, or spend money to bring it up to par after the cost they put into the purchase. While selling a home that is already in turnkey condition is easier on the conventional market, there are still ways you can sell your Cape Girardeau, MO house in poor condition:
- Do a complete remodel — This will secure the most value for your home on the conventional market. However, the cost of getting there is high. An entire home remodeling will run between $17,942-$78,270. According to research from the national cost vs. value averages, most repairs don’t even get a 70% return on investment. For example, the average roof replacement for asphalt shingles costs $31,535, but only adds $18,780 to your final sale price. While making significant repairs will likely fetch the highest bid for your house, you probably won’t recoup all the money you spent on repairs. The repairs will also take time, and it could be months or even a year before your house is ready for the Cape Girardeau, MO market.
- Make minor repairs — An alternative is to simply raise your Cape Girardeau home’s curb appeal. Curb appeal by itself can boost a home’s sale price by almost 10% 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 aesthetic upgrades will improve offers from prospective buyers, though not as much as making major repairs.
- Sell your home “as-is” on the traditional market — There are some conventional buyers who will buy a home in poor condition in an effort to spend less on the down payment and slowly make upgrades over the years. There aren’t many of those, and they’ll still want the house to be clean, the lawn to be tidy, and that you’ll make the home look nice when they see it. That alone can lead to you spending more money.
- Sell in poor condition to cash home buying company — Lastly, you can sell your home to a company that pays cash for Cape Girardeau-area homes. At Evervest, we give all cash offers for homes in poor condition. Then, we rehabilitate the home and sell the property at a slightly higher value. Our process is easy and gets money in your pocket in as little as 30 days:
- We carry out our own inspection
- We give you the highest offer we can while still seeing the property as an investment for ourselves
- If you agree to sell to us, we can write up a contract and close in just a week
The way we do things puts no pressure on you and gets you fair value for your home. 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 talk to 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 is made up of a licensed Cape Girardeau, MO real estate broker, and a contractor with more than three decades of experience. We are always direct to Cape Girardeau, MO residents about how much their property is worth, and how we came to that number. We’re don’t get rich off the sale of one property; we do what we do to earn a moderate profit and give Cape Girardeau families a place to settle down.
If want to learn more about selling your house in poor condition to an as-is home buyer, get in touch with us at (573) 367-5655, or read on to find out more about the cash home buying process.
Selling a House in Poor Condition in Cape Girardeau, MO: Frequently Asked Questions
Nearly one-third of U.S. homes sell to cash buyers, 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 Cape Girardeau, MO who reach out to us still want to know more about the process. Below are some of the questions we get the most concerning selling a house as-is:
Is the cash home buying process a scam?
Unfortunately sometimes. The world has no shortage of liars. But selling to Evervest is not a scam; we are intent and intentional about our integrity and dedication to our communities. If you still have concerns, you can read our client testimonials and our A+ score with the Better Business Bureau®. You’ll see proof of funds before you sign, and in over 20 years we have never backed out of a contract because we didn’t follow its terms.
We grew up in the Cape Girardeau, MO area, and are proud to raise our own children where we grew up. We do not want to cheat any of our neighbors.
How do I know the true value of my home as-is?
Our offer will be what we genuinely think is fair. How much your home is worth will depend on numerous different things, including what Cape Girardeau, MO neighborhood it’s in, how big it is, and the cost of making all the repairs. The more the repairs, the more it’s value will go down. Still, there are ways to do your own research. There are numerous web pages, like Zillow, that offer home value estimates. You can also consult with a credentialed assessor 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 purchased homes from homeowners who owe back taxes and have houses in foreclosure. Getting cash for your home is a good way to get the funds to become debt-free quickly.
Are you going to pay me in actual cash?
No. While the idea of a suitcase full of cash is fun, we’ll pay you through an electronic transfer into your account. “Cash buyer” means we’re using our own money to pay for the full value of the home, and aren’t taking out a loan.
Other types of properties we buy in Cape Girardeau, 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 seem impossible, but we can offer a solution. Evervest Home Buyers has more than three decades of experience offering Cape Girardeau, MO homeowners get fair 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 tell us about your property online.