Selling a House in Poor Condition in Columbia, MO
Selling a house in poor condition in Columbia, MO. Selling a house that needs major repairs can be difficult. Whether you aren’t predisposed to deal with repainting, cleaning, and staging for the conventional market, or are wondering how on earth you’re going to get rid of a property with extensive black mold presence, Evervest Home Buyers is here to take your poor condition property off your hands. We pay full value, in cash, for as-is houses in the Columbia area, and can put cash in your pocket in as little as a few weeks. No matter what condition your property is in, we will make you an offer. If you’re selling a home in poor condition in Columbia, MO and want a stress-free solution, call Evervest today at (573) 367-5767 or get your offer through our website.
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When Is a House in Columbia, 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 cabinets need refinishing. Generally, houses in poor condition can fall into three group: houses that no one can live in, houses that need major repairs, and houses that need cosmetic updates:
- 1. Houses that are uninhabitable — Sometimes, a house is in such bad shape that no one can safely live in it. Examples of uninhabitable houses include:
- Serious Fire or water damage
- Lead and/or asbestos you can’t eliminate
- Black mold
- Significant foundation issues
- Termite damage
- Significant electrical issues
- Considerable roof damage
- 2. Houses that need major work done — Other houses habitable, but uncomfortably. Houses in need of serious repairs are houses with:
- Plumbing issues
- Minor electrical issues
- Failing HVAC systems
- Damaged kitchen
- Damaged light fixtures
- Damage to surfaces and siding
- Damaged chimney
- Small issues with the foundation
- 3. Houses in need of updating or are other minor patchwork — Some houses aren’t necessarily in bad shape, but may not be appealing to conventional home buyer for other reasons:
- The house is in bad part of town
- You have bad tenants
- It’s an outdated property
- It’s been vacant a long time
- Crimes were committed inside the home
- Stained surfaces
- Untended grass
- Peeling paint
- Minor wood rot
If you’re looking to sell a house in poor condition in Columbia, MO, it may be more difficult than selling a house that’s already in pristine condition, but you do have some options.
Selling a House in Columbia, MO in Poor Condition? Here’s What You Can Do
Most home buyers want a house they can see 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 property that is already in turnkey condition is not as hard to a conventional buyer, there are still ways you can sell your Columbia, MO house in poor condition:
- Do a complete remodel — This will get the most value for your property from a traditional buyer. However, the cost of getting there is high. A total house remodeling will run up to $78,270. According to data from the national resale averages, most repairs only get a 50-70% return on investment. For instance, the average minor kitchen remodel costs $28,279, but only adds $20,1225 to your final sale price. While investing in significant upgrades will almost certainly fetch the highest bid for your house, you’re unlikely to profit off of the repairs you made. The repairs will also add months or even a year to the time before your house is ready for the Columbia, MO market.
- Make aesthetic upgrades — An alternative is to simply increase your Columbia home’s curb appeal. Curb appeal alone can boost a property’s value by 7% or more. The cost of minor upgrades is not nearly as much:
- $153-$929 for a light fixture
- $161-$363 for new faucets
- $1,2000-$3,900 to repaint all the interior walls
- $350-$3,500 to refinish cabinets
While you also won’t recoup all those expenses through the sale, you won’t be spending nearly as much money. The aesthetic upgrades will lead to a higher offer, though not as much as making major repairs.
- Sell your home “as-is” on the traditional market — Some people may buy a property in poor condition with the hope of spending less upfront and incrementally fix the house over time. Those will be harder to find, and they’ll still want the house to be clean, the grass to be mowed, 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 house to a company that pays cash for Columbia-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 stress-free and gets money in your pocket in as little as a month:
- 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 agree to sell to us, we can have a contract ready and close in as little as a week
The way we do things is not only fair and fast, but it’s entirely nuisance-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 mop the floors when we come over to look at your home.
Our team consists of a licensed Columbia, MO real estate broker, and a construction crew with more than three decades of experience. We are always straightforward to Columbia, MO residents about the value of their home, and how we came to that number. We’re not going to get rich off selling your property; we do what we do to earn a moderate profit and improve our Columbia neighborhoods.
If you’re interested in selling your house in poor condition to a cash home buyer, get in touch with us at (573) 367-5767, or read on below.
Selling a House in Poor Condition in Columbia, MO: Frequently Asked Questions
31.4% of American 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 Columbia, MO homeowners who call us still want to know more about the process. Below are some of the most frequently asked questions concerning 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 there are no scams involved when you sell to Evervest; we are intent and intentional about our integrity and commitment to our communities. If you have any doubts, you can look at our client testimonials and our A+ score with the Better Business Bureau®. We’ll always show you proof of funds before the purchase is complete, and in more than two decades 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 the Columbia, MO area, and are proud to raise our own families 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?
We always strive to give offers that we truly believe are fair. How much your home is worth will depend on a variety of factors, including where in Columbia, MO it’s located, its size, and the condition its in. More repairs equals lower value. Still, there are ways to do your own research. There are many sites, like Zillow, that give home value estimates. 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 funds to become debt-free fast.
Do I get paid in actual cash?
No. While the idea of a suitcase full of cash is nice to think about, we’ll wire the money to your account. “Cash buyer” means we’re using our own funds to cover the full purchase of the home, and aren’t won’t be getting a mortgage.
Other types of properties we buy in Columbia, MO include:
- Selling a Home in Pre-Foreclosure
- How to Sell a House That Needs Major Repairs
- Selling a House As Is
- Home Investors
- Cash For Houses
- Buy My House
- We Buy Houses For Cash
- Sell My House
- Cash for Homes
- Cash Home Buying Company
- House Buyers
- Cash Home Buyer
Selling a House in Poor Condition in Columbia, 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 Columbia, MO residents get full value for their properties. Don’t let an old home hold you down; get the funds to move to the next stage of your life today. To sell your Columbia, MO home in poor condition, call us at (573) 367-5767 or tell us about your property through our website.