Selling a House in Poor Condition in Lemay, MO
Selling a house in poor condition in Lemay, MO. We know, it seems impossible to get some houses off your hands. Whether you aren’t predisposed to deal with repainting, cleaning, and staging for a traditional buyer, or are wondering if you’re ever going to be able unload a house with considerable termite damage, Evervest Home Buyers can offer you a solution. We Give fair, all-cash offers for as-is houses in the Lemay area, and can put cash in your pocket in as little as 30 days. No matter what shape your property is in, we will make you an offer. If you’re selling a home in poor condition in Lemay, MO and want a a fast and easy solution, call Evervest today at (314) 730-0366 or contact us online.
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What is Meant By a Home in “Poor Condition” in Lemay, MO?
“Poor condition,” is an inexact phrase. To some, it may mean a home that needs major repairs, to others it may simply mean the windows need to be caulked. Typically, houses in poor condition can be broken down into three categories: houses that no one can live in, houses that need significant repairs, and houses that just need some fine tuning:
- 1. Houses that no one can 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:
- Considerable Fire or water damage
- Lead and/or asbestos that can’t be removed
- Black mold
- Significant foundation issues
- Termite damage
- Significant electrical issues
- Significant roof damage
- 2. Houses that need significant 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
- Dying HVAC systems
- Damaged kitchen
- Damaged light fixtures
- Damage to surfaces and siding
- Damaged chimney
- Small cracks in the foundation
- 3. Houses that need updating or are otherwise undesirable — Some houses don’t need major remodeling done, but might turn traditional buyers off for other reasons:
- The house is in bad part of town
- You have bad tenants
- It’s an outdated home
- It’s been vacant for a long period
- Crimes were committed inside the home
- Dirty surfaces
- Untended grass
- Peeling paint
- Minor wood rot
If you’re trying to sell a house in poor condition in Lemay, MO, it will be much harder than selling a house that’s already in pristine condition, but that doesn’t mean it’s completely unsellable.
Selling a House in Lemay, MO in Poor Condition? Read on For Help
Most home buyers 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 they’ve already spent money on the house. While selling a home that is already in turnkey condition is easier to a conventional buyer, you still have a few options for selling your Lemay, MO house in poor condition:
- Do a complete remodel — This is the way to secure the most value for your property from a traditional buyer. However, the repairs may not add enough value for you to get your money back. A complete home renovation costs between $17,942-$78,270. According to national resale report, most repairs only get a 50-70% ROI. For example, the average vinyl siding replacement costs $18,662, but only adds $12,541 in value to your home. While investing in significant repairs will likely fetch the highest bid for your house, you’re unlikely to recoup all the money you spent on repairs. The repairs will also take time, and it could be months or even a year before your house is ready for the Lemay, MO market.
- Make cosmetic repairs — An alternative is to simply improve your Lemay home’s curb appeal. Curb appeal by itself can improve 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 to replace faucets
- $1,2000-$3,900 to repaint a home’s interior
- $350-$3,500 to refinish cabinets
While the return on investment isn’t very high either, you’ll be giving up considerably less money than if you do a full renovation. The aesthetic upgrades will lead to a higher offer, though not as much as making major repairs.
- Sell your home “as-is” on the conventional market — Some people may buy a home as-is in an effort to spend less on the down payment and slowly fix the house over time. Those will be more difficult to find, and they’ll still expect an empty house that’s well-staged when they see it. All of that takes additional time and money.
- Sell in poor condition to a cash home buyer — The final option is to sell your home to a company that pays cash for Lemay-area homes. At Evervest, we buy homes in any condition for the current value of the property. Then, we make the repairs ourselves and make a moderate profit off the resale. Our process is simple 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 just a week
Our process puts no pressure on you and gets you fair value for your property. You won’t have to deal with dozens of people looking over 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 mop the floors when we come over to look at your home.
Our team is made up of a professional Lemay, MO real estate broker, and a construction crew with over 30 years of experience. We are always straightforward to Lemay, 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 enhance our Lemay neighborhoods.
If you’re interested in selling your house in poor condition for cash, get in touch with us at (314) 730-0366, or read on to find out more about the cash home buying process.
Selling a House in Poor Condition in Lemay, MO: Frequently Asked Questions
Almost one-third of American home purchases are paid for with cash, according to a Redfin report. While more people may be seeing the wisdom in selling a house in poor condition for cash, most Lemay, MO homeowners who call us still want to know more about the process. Below are some of the most frequently asked questions about selling a house as-is:
Is the cash home buying process a scam?
The short answer is: it can be. There are dishonest people in this world who lie to others for money. But there are no scams involved when you sell to Evervest; we pride ourselves on our honesty and devotion to our communities. If you have any doubts, you can read our client testimonials and our A+ rating with the Better Business Bureau®. You’ll see proof of funds before the purchase is complete, 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 Lemay, MO area, and are proud to raise our own kids where we grew up. We do not want to be dishonest with 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 numerous different factors, including what Lemay, MO neighborhood it’s in, how big it is, and the condition its in. More repairs equals lower value. Still, there are ways to do your own research. There are many web pages, like Zillow, that offer 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 purchased houses from homeowners who owe back taxes and have houses in foreclosure. Selling a home for cash is a great way to get the money 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 nice to think about, we’ll wire the money to your account. “Cash buyer” means we’re using our own money to pay for the full value of the property, and aren’t depending on a lender.
Other types of properties we buy in Lemay, 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 a bad experience, but we can offer a solution. Evervest Home Buyers has over 30 years of experience offering St. Louis, MO homeowners 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 St. Louis, MO home in poor condition, call us at (314) 730-0366 or contact us through our website.