Selling a House in Poor Condition in Ferguson, MO
St. Louis County
Evervest Home Buyers
3015 Salena St #201
St. Louis, MO 63118
Selling a house in poor condition in Ferguson, MO. Selling a house that needs major repairs can be difficult. Whether you aren’t predisposed to make the minor updates necessary for a traditional buyer, or are asking yourself how on earth you’re going to get rid of a property with extensive asbestos presence, Evervest Home Buyers can offer you a solution. We Give fair, all-cash offers for as-is houses in the Ferguson 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 need to sell a home in poor condition in Ferguson, MO and want a home-selling experience with no hassle, call Evervest today at (314) 730-0366 or tell us about your property online.
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When Is a House in Ferguson, MO Considered to Be in Poor Condition?
“Poor condition,” is an inexact phrase. To some, it may mean a home that needs major repairs, to others it may mean the cabinets need refinishing. Typically, houses in poor condition can fall into three group: homes that no one can live in, houses that need significant repairs, and houses that need aesthetic updates:
- 1. Houses that are uninhabitable — Sometimes, a house is in such poor shape that no one can live in it without the risk of getting sick or hurt. Examples of unlivable houses include:
- Extensive Fire or water damage
- Lead and/or asbestos you can’t eliminate
- Black mold
- Extensive foundation issues
- Termite damage
- Extensive electrical issues
- Considerable roof damage
- 2. Houses that need major repairs — Other houses habitable, but still have major issues. Houses in need of major 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 issues with the foundation
- 3. Houses that need updating 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
- It’s a rental and you have bad tenants
- It’s an outdated home
- It’s been vacant a long time
- Crimes were committed inside the house
- Dirty surfaces
- Neglected landscape
- Peeling paint
- Minor wood rot
If you’re looking to sell a house in poor condition in Ferguson, MO, it will be much harder than finding a buyer for a house that’s already in pristine condition, but you do have some options.
Selling a House in Ferguson, 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 fix up, or hire someone to fix after they’ve already spent money on the house. While selling a house that is already in turnkey condition is not as hard to a traditional buyer, you still have a few options for selling your Ferguson, MO house in poor condition:
- Do a complete remodel — This will secure the most value for your home from a traditional buyer. However, the repairs may not add enough value for you to get your money back. An entire house renovation costs up to $78,270. According to research from the national resale averages, most repairs only get a 50-70% cost recuperation. For instance, the average minor kitchen remodel costs $28,279, but only adds $20,1225 to your final sale price. While making major repairs will almost certainly get you the most money for your house at final sale, you probably won’t 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 Ferguson, MO market.
- Make aesthetic repairs — An alternative is to simply increase your Ferguson home’s curb appeal. Curb appeal by itself can increase a property’s sale price by almost 10% 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 you also won’t get all that money back, you’ll be sacrificing substantially less money than if you do a full renovation. The cosmetic upgrades will improve offers from prospective buyers, though not as much as making major repairs.
- Sell your home “as-is” to a traditional buyers — Some people may buy a property as-is with the hope of spending less on the down payment and slowly fix 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 “as-is” to cash home buying company — Lastly, you can sell your property to a company that pays cash for Ferguson-area homes. At Evervest, we give fair offers for homes in poor condition. Then, we make all the necessary repairs and upgrades 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 30 days:
- We perform our own inspection
- We give you the best possible offer while still setting ourselves up for a profit
- When you agree to sell to us, we can have a contract ready and complete the sale in as little as 7 days
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 that’s buying your home. We are discrete and nonjudgmental; you don’t even have to vacuum the carpet when we come over to look at your home.
Our team consists of a licensed Ferguson, MO real estate broker, and a construction expert with more than three decades of experience. We are always straightforward to Ferguson, MO homeowners about how much their property is worth, and how we valued it. We’re not going to get rich off selling your property; we buy and renovate houses to earn a moderate profit and enhance our Ferguson neighborhoods.
If want to learn more about selling your house in poor condition to an as-is home buyer, call us at (314) 730-0366, or read on below.
Selling a House in Poor Condition in Ferguson, MO: Frequently Asked Questions
31.4% of U.S. home purchases are paid for with cash, according data from a Redfin report. While selling a house in poor condition to a cash buyer is becoming an increasingly popular option, most Ferguson, MO homeowners who inquire to us still have questions about the process. The following are some of the most frequently asked questions concerning selling a house as-is:
Is the cash home buying process a scam?
The short answer is: it can be. The world has no shortage of dishonest people. But selling to Evervest is not a scam; we pride ourselves on our honesty and dedication to our neighborhoods. If you still have concerns, you can check out our client testimonials and our A+ rating with the Better Business Bureau®. You’ll see proof of funds before any documents are signed, 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 the Ferguson, MO area, and are proud to raise our own children where we grew up. We’re not trying to cheat any of our 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 numerous different 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 web pages, like Zillow, that give home value estimates. You can also hire a credentialed assessor who can give you their professional opinion.
Can I sell my house if I’m in debt?
Yes. We’ve bought homes from homeowners who owe back taxes and have houses in foreclosure. Selling a home for cash is an excellent way to get the funds to pay off your debts fast.
Are you going to pay me in actual cash?
No. While the idea of a suitcase full of cash is fun, 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 taking out a loan.
Other types of properties we buy in Ferguson, MO include:
- Sell a Property With Tenants – Fast, Easy, Hassle-Free
- Selling Your House Off-Market
- Local Home Buyers
- Sell Vacant House (For Cash)
- 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 a Home in Pre-Foreclosure
- How to Sell a House That Needs Major Repairs
- Home Investors
- Sell My House
- Cash for Homes
- Sell My House As-Is
- Sell My Probate House
- Sell My Outdated House
- Sell My Inherited House in Greater St. Louis
- How to Sell Your House
- Investment Property Buyers
- Foreclosed House Buyer
- Fast House Buyer
- Condemned Property Buyer
- Cash Home Buyer
- Sell My Home For Cash
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 we can offer a solution. Evervest Home Buyers has over three decades of experience offering St. Louis, MO homeowners 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 St. Louis, MO home in poor condition, call us at (314) 730-0366 or tell us about your property online.