Selling a House in Poor Condition in Lake St. Louis, MO
Selling a house in poor condition in Lake St. Louis, MO. Selling a house that needs major repairs can be difficult. Whether you don’t want to make the minor updates necessary for the traditional market, or are asking yourself how on earth you’re going unload a property with considerable black mold presence, Evervest Home Buyers can offer you a solution. We Give fair, all-cash offers for as-is homes in the Lake St. Louis area, and can close in as little as a few weeks. Whatever type of repairs your home needs, we are interested in buying it. If you need to sell a home in poor condition in Lake St. Louis, MO and want a stress-free solution, call Evervest today at (314) 730-0366 or contact us through our website.
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When Is a House in Lake St. Louis, MO Considered to Be in Poor Condition?
“Poor condition,” is an umbrella phrase. To some, it may mean a home that needs major repairs, to others it may simply mean the windows need to be caulked. Generally, houses in poor condition can be broken down into three categories: houses that are uninhabitable, houses that need major remodeling, and houses that just need some fine tuning:
- 1. Houses that are uninhabitable — Sometimes, a house is in such poor shape that no one can safely live in it. Examples of uninhabitable houses include:
- Considerable Fire or water damage
- Lead and/or asbestos you can’t eliminate
- Black mold
- Extensive foundation issues
- Termite damage
- Significant electrical issues
- Considerable roof damage
- 2. Houses that need major repairs — Other houses can be lived in, but still have major issues. Houses in need of serious 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 aesthetic repairs or are otherwise undesirable — Some houses don’t need major work done, but may turn traditional buyers off for other reasons:
- The house is in bad neighborhood
- You have bad tenants
- It’s an outdated house
- It’s been vacant for a long period
- Crimes were committed inside the house
- Dirty surfaces
- Neglected landscape
- Peeling paint
- Minor wood rot
If you need to sell a house in poor condition in Lake St. Louis, 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 St. Louis, 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 work on for years, or pay someone thousands of dollars 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 on the conventional market, there are still ways you can sell your Lake St. Louis, MO house in poor condition:
- Make major repairs — This is how you can secure the most value for your house from a conventional buyer. However, you may not get back the cost of the repairs in the sale. A total house renovation will run between $17,942-$78,270. According to data from the national cost vs. value averages, most repairs only get a 50-70% cost recuperation. For instance, the average bathroom remodel costs $27,164, but only adds $15,990 to your final sale price. While investing in major repairs will almost certainly get you the most money for your house at final sale, 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 property on the Lake St. Louis, MO market.
- Make aesthetic repairs — Another option is to merely make your Lake St. Louis house look nicer. Curb appeal by itself can boost a house’s sale price by 7% or more. The cost of cosmetic 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 get all that money back, you’ll be sacrificing considerably 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 traditional buyers — Some prospective homeowners may 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 an empty house that’s well-staged when they see it. All of that takes additional time and money.
- Sell in its current condition to an as-is home buyer — Lastly, you can sell your home to a company that pays cash for Lake St. Louis-area homes. At Evervest, we give all cash offers for homes in poor condition. Then, we renovate the home and make a small profit off the resale. Our process is stress-free and gets money in your hand in as little as 30 days:
- We come to your home and do our own inspection
- We give you the best possible offer while still seeing the property as an investment for ourselves
- If you agree to sell to us, we can have a contract ready and close in just 7 days
The way we do things is not only fair and fast, but it’s entirely hassle-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 who’s making the purchase. We are discrete and nonjudgmental; you don’t even have to do the dishes when we come over to look at your home.
Our team consists of a licensed Lake St. Louis, MO real estate broker, and a construction expert with over 30 years of experience. We are always honest to Lake St. Louis, MO residents about the value of their home, 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 improve our Lake St. Louis neighborhoods.
If want to learn more about selling your house in poor condition for cash, reach out to us at (314) 730-0366, or read on below.
Selling a House in Poor Condition in Lake St. Louis, 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 Lake St. Louis, MO homeowners who reach out to us still have questions 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: sometimes. There are bad people in this world who try to trick others for money. But there are no scams involved when you sell to Evervest; we pride ourselves on our honesty and dedication to our communities. If you still have concerns, you can check out our client testimonials and our perfect score with the Better Business Bureau®. You’ll see proof of funds before the purchase is complete, and in over 20 years we have never backed out of a contract because we didn’t abide by its terms.
We’re from the Lake St. Louis, MO area, and are proud to raise our own families where we grew up. We’re not trying to be dishonest with any of our neighbors.
How do I know how much my home is really worth as-is?
Our offer will be what we genuinely believe is fair. The value of your home is based on numerous different aspects, including where in St. Louis, MO it’s located, its size, and how expensive making all the repairs might be. The more the repairs, the more it’s value will go down. Still, there are ways to do your own research. There are many web pages, like Zillow, that give home value estimates. You can also hire a credentialed assessor who can give you their estimate.
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 money 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 pay you through an electronic transfer into your account. “Cash buyer” means we’re using our own funds to pay for the full value of the home, and aren’t won’t be getting a mortgage.
Other types of properties we buy in Lake St. Louis, MO include:
- Selling Your House Off-Market
- Local Home Buyers
- Sell Vacant House (For Cash)
- Sell My House Fast 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 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 a stressful experience, but we can offer a solution. Evervest Home Buyers has more than three decades of experience offering St. Louis, MO homeowners get full value for their properties. Don’t let a damaged 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 get your offer online.