Selling a House in Poor Condition in Ellisville, MO
Selling a house in poor condition in Ellisville, MO. We understand, it seems impossible to get some houses off your hands. Whether you aren’t predisposed to make the minor updates necessary for the conventional market, or are wondering if you’re ever going to be able to get rid of a house with significant black mold presence, Evervest Home Buyers can offer you a solution. We pay full value, in cash, for as-is properties in the Ellisville area, and can put cash in your pocket in as little as a few weeks. No matter what shape your property is in, we will make you an offer. If you’re selling a home in poor condition in Ellisville, MO and want a home-selling experience with no hassle, call Evervest today at (314) 730-0366 or get your offer through our website.
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What is Meant By a Home in “Poor Condition” in Ellisville, MO?
“Poor condition,” is a subjective term. To some, it may mean a home that needs major repairs, to others it may simply mean the cabinets need refinishing. Generally, houses in poor condition can be broken down into three categories: homes that are uninhabitable, houses that need extensive repairs, and houses that just need some fine tuning:
- 1. Houses that you can’t live in — Sometimes, the damage to a home is so bad that it does not provide the basic shelter a home must. Examples of unlivable houses include:
- Significant Fire or water damage
- Lead and/or asbestos that can’t be removed
- Black mold
- Considerable foundation issues
- Termite damage
- Extensive electrical issues
- Significant roof damage
- 2. Houses that need major work done — Other houses can be lived in, but uncomfortably. Houses in need of serious fixes 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 cosmetic updates or are other minor patchwork — Some houses don’t need major work done, but could possibly turn traditional buyers off for other reasons:
- The house is in bad part of town
- It’s a rental and you have bad tenants
- It’s an outdated property
- It’s been vacant a long time
- Crimes were committed at the property
- Dirty surfaces
- Untended lawn
- Peeling paint
- Minor wood rot
If you need to sell a house in poor condition in Ellisville, MO, it will be much harder than selling a house that’s already in pristine condition, but you do have some options.
Selling a House in Ellisville, 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 hire someone to bring it up to par after they’ve already spent money on the house. While selling a home that is already turnkey property is not as hard to a conventional buyer, you still have a few options for selling your Ellisville, MO house in poor condition:
- Do a complete remodel — This is how you can secure the most value for your property from a traditional buyer. However, you might not get back the cost of the repairs in the sale. An entire house renovation costs between $17,942-$78,270. According to research from the national resale report, most repairs don’t even get a 70% ROI. For example, the average bathroom remodel costs $27,164, but only adds $15,990 to your final sale price. While investing in major repairs will likely get you the most money for your house at final sale, you’re unlikely to recoup all the money you spent on repairs. The repairs will also add months or even a year to the time before your house is ready for the Ellisville, MO market.
- Make cosmetic upgrades — Another option is to simply make your Ellisville house look nicer. Curb appeal by itself can raise a home’s sale price by almost 10% or more. The cost of minor upgrades is much cheaper than major repairs:
- $153-$929 for a light fixture
- $161-$363 for new faucets
- $1,2000-$3,900 to repaint a home’s interior
- $350-$3,500 to refinish cabinets
While you also won’t get all that money back, you’ll be giving up considerably less money than if you do a full renovation. The cosmetic upgrades will lead to a higher offer, though not as much as making major repairs.
- Sell your home “as-is” on the conventional market — There are some conventional buyers who will buy a property as-is in an effort to spend less on the down payment and incrementally repair the house over the years. There aren’t many of those, and they’ll still want an empty house that’s well-staged when they see it. That will further increase the time and money spent before the house is sold.
- Sell in its current condition to a cash home buyer — The final option is to sell your property to a company that pays cash for Ellisville-area homes. At Evervest, we buy homes in any condition for fair value. Then, we make the repairs ourselves and sell the property at a slightly higher value. Our process is simple and gets money in your pocket in as little as a month:
- We perform our own inspection
- We give you the highest offer we can while still setting ourselves up for a profit
- When you agree to sell to us, we can write up a contract and complete the sale in as little as a week
Our process 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 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 Ellisville, MO real estate broker, and a construction expert with over three decades of experience. We are always straightforward to Ellisville, MO homeowners about the value of their home, and how we valued it. We’re don’t get rich off the sale of one property; we buy and renovate houses to make a moderate amount of money and improve our Ellisville neighborhoods.
If you’re interested in selling your house in poor condition to an as-is home buyer, get in touch with us at (314) 730-0366, or read on below.
Selling a House in Poor Condition in Ellisville, MO: Frequently Asked Questions
Nearly one-third 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 people in Ellisville, MO who call us still want to know more about the process. The following are some of the questions we get the most concerning selling a house as-is:
Is the cash home buying process a scam?
The short answer is: sometimes. The world has no shortage of liars. But selling to Evervest is not a scam; we pride ourselves on our honesty and devotion to our neighborhoods. If you still have concerns, you can look at our client testimonials and our perfect rating with the Better Business Bureau®. You’ll see proof of funds before the purchase is complete, and in over 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 grew up in the Ellisville, MO area, and are proud to raise our own children in the same place. We’re not trying to be dishonest with any of our neighbors.
How do I know the true value of my home as-is?
Our offer will be what we genuinely believe is fair. The value of your home will depend on numerous different things, including what Ellisville, MO neighborhood it’s in, its size, and how much repairing it will cost us. More repairs equals lower value. Still, there are many ways you can find out how much you should get for your as-is property. There are numerous web pages, like Zillow, that give home value estimates. You can also hire 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 property from people who owe back taxes and have houses in foreclosure. Selling a home for cash is a great 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 pay you through an electronic transfer into your account. “Cash buyer” means we’re using our own money to cover the full purchase of the property, and aren’t won’t be getting a mortgage.
Other types of properties we buy in Ellisville, MO include:
- Selling a Fixer Upper Home
- Cash for Ugly Houses
- Sell Your House During a Divorce
- Selling a Rental Property
- Selling a Home with a Reverse Mortgage
- Selling a House Without a Realtor
- Selling an Inherited House
- 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
- Sell My House As-Is
- Sell My House For Cash
- Sell My Probate House
- Sell My As-Is House
- Sell My Outdated House
- Sell My Inherited House in Greater St. Louis
- Sell Your House Fast
- How to Sell Your House
- Sell My Home Preforeclosure
- Sell My Home Now
- Rental Property Buyer
- Cash Home Buying Company
- Investment Property Buyers
- Foreclosed House Buyer
- House Buying Company
- Fast House Buyer
- Probate House Buyer
- Condemned Property Buyer
- House Buyers
- Property Buyers
- Cash Home Buyer
- We Buy Houses in Greater St. Louis
Selling a House in Poor Condition in St. Louis, MO | Evervest Home Buyers
Selling a house in poor condition can be difficult, but we can offer a solution. Evervest Home Buyers has more than three decades of experience offering St. Louis, MO homeowners get fair value for their properties. Don’t let an old property weigh 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 tell us about your property through our website.