Selling a House in Poor Condition in Lake Lotawana, MO
Selling a house in poor condition in Lake Lotawana, MO. We get it, some houses seem impossible to sell. Whether you aren’t predisposed to make the minor updates necessary for the conventional market, or are wondering how on earth you’re going to get rid of a property with considerable asbestos presence, Evervest Home Buyers is here to take your unwanted property off your hands. We Give fair, all-cash offers for as-is homes in the Lake Lotawana area, and can complete the transfer in as little as a month. No matter what condition your property is in, we are interested in buying it. If you need to sell a home in poor condition in Lake Lotawana, MO and want a a fast and easy solution, call Evervest today at (816) 368-8508 or tell us about your property through our website.
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When Is a House in Lake Lotawana, MO Considered to Be in Poor Condition?
“Poor condition,” is a subjective phrase. To some homeowners, it may mean massive damage, to others it may simply mean the windows need to be caulked. Typically, houses in poor condition can be broken down into three categories: homes that you can’t live in, houses that need extensive remodeling, and houses that need aesthetic updates:
- 1. Houses that you can’t live in — Sometimes, a house is in such bad condition that no one can live in it without the risk of getting sick or hurt. Examples of uninhabitable houses include:
- Significant Fire or water damage
- Lead and/or asbestos you can’t get rid of
- Black mold
- Extensive foundation issues
- Termite damage
- Serious electrical issues
- Extensive roof damage
- 2. Houses that need major repairs — Other houses can be lived in, but uncomfortably. Houses in need of major repairs are houses with:
- Plumbing issues
- Minor electrical issues
- Dying HVAC systems
- Damaged kitchen
- Damaged light fixtures
- Damage to walls, garage, floors, or ceiling
- Damaged chimney
- Small issues with the foundation
- 3. Houses in need of updating or are otherwise undesirable — Some houses aren’t necessarily in bad shape, but could possibly turn traditional buyers off because of other issues:
- 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- It’s an outdated property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 house
- Stained surfaces
- Neglected landscape
- Peeling paint
- Minor wood rot
If you’re selling a house in poor condition in Lake Lotawana, MO, it may be more difficult than finding a buyer for a turnkey house, but you do have some options.
Selling a House in Lake Lotawana, MO in Poor Condition? Here’s What You Can Do
Most people looking to buy a home want a house to live comfortably in right away, not one they’ll have to fix up, 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 Lake Lotawana, MO house in poor condition:
- Make major repairs — This will get the most money for your home on the conventional market. However, the repairs may not add enough value for you to get your money back. An entire house renovation costs up to almost $80,000. According to data from the national cost vs. value averages, most repairs don’t even get a 70% ROI. For instance, the average roof replacement for asphalt shingles costs $31,535, but only adds $18,780 in value to your home. While making significant repairs will likely fetch the highest bid for your house, you’re unlikely to profit off of the repairs you made. The upgrades will also take time, and it could be months or even a year before you can list your home on the Lake Lotawana, MO market.
- Make minor upgrades — Another way to sell your home easier is to merely make your Lake Lotawana house look nicer. Curb appeal alone can raise a house’s sale price by almost 10% 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 the return on investment isn’t very high either, you’ll be sacrificing significantly less money than if you do a full renovation. The cosmetic upgrades will lead to a higher offer, though not as much as the first option.
- 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 incrementally repair the house over time. Those will be more difficult to find, and they’ll still want an empty house that’s well-staged when they see it. That alone can lead to you spending more money.
- Sell “as-is” to a cash home buyer — The final option is to sell your house to an as-is home buying company in Lake Lotawana, MO. At Evervest, we give fair offers for homes in poor condition. Then, we make the repairs ourselves and sell the property at a slightly higher value. Our process is simple and gets money in your hand 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
- If you agree to sell to us, we can have a contract ready and close in as little as 7 days
The way we do things puts no pressure on you and gets you fair value for your property. You won’t have to deal with dozens of people coming in and out of 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 before we do our inspection.
Our team consists of a professional Lake Lotawana, MO real estate broker, and a contractor with more than 30 years of experience. We are always direct to Lake Lotawana, 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 make a moderate amount of money and improve our Lake Lotawana neighborhoods.
If you’re interested in selling your house in poor condition for cash, call us at (816) 368-8508, or read on to discover more about the cash home buying process.
Selling a House in Poor Condition in Lake Lotawana, MO: FAQs
31.4% of American homes sell to cash buyers, according data from a Redfin report. While selling a house in poor condition to a cash buyer is becoming an increasingly popular option, most Lake Lotawana, MO homeowners who reach out to 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?
The short answer is: it can be. The world has no shortage of dishonest people. But there are no scams involved when you sell to Evervest; we pride ourselves on our integrity and devotion to our communities. If you still have concerns, you can look at our client testimonials and our perfect rating with the Better Business Bureau®. We’ll always show you proof of funds before any documents are signed, 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 Lake Lotawana, MO area, and are proud to raise our own children in the same place. We’re not trying 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. The value of your home is based on numerous different aspects, including what Lake Lotawana, MO neighborhood it’s in, how big it is, and the condition its in. The more the repairs, the less we’ll want to pay for it. Still, there are ways to do your own research. There are many sites, like Zillow, that offer approximations of your homes value. You can also consult with a licensed assessor to help you understand how much your home is worth.
Can I sell my house if I’m in debt?
Yes. We’ve bought houses from people who owe back taxes and have houses in foreclosure. Getting cash for your home is an excellent way to get the money to become debt-free fast.
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 house, and aren’t won’t be getting a mortgage.
Other types of properties we buy in Lake Lotawana, 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 Kansas City, MO | Evervest Home Buyers
Selling a house in poor condition can seem impossible, but it doesn’t have to be. Evervest Home Buyers has over three decades of experience offering Kansas City, MO residents get full value for their properties. Don’t let a damaged home keep you down; turn it into a jumping board to the next phase of your life today. To sell your Kansas City, MO home in poor condition, call us at (816) 368-8508 or tell us about your property through our website.