Selling a House in Poor Condition in Olivette, MO
Selling a house in poor condition in Olivette, MO. We know, some houses seem impossible to sell. Whether you don’t want to deal with repainting, cleaning, and staging for the conventional market, or are asking yourself if you’re ever going to be able unload a home with extensive fire damage, Evervest Home Buyers can offer you a solution. We pay full value, in cash, for as-is houses in the Olivette area, and can complete the transfer in as little as a month. Whatever type of repairs your home needs, we will make you an offer. If you need to sell a home in poor condition in Olivette, MO and want a home-selling experience with no hassle, call Evervest today at (314) 730-0366 or get your offer online.
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What is Meant By a Home in “Poor Condition” in Olivette, MO?
“Poor condition,” is an umbrella term. To some, it may mean a home that needs major repairs, to others it may simply mean the carpet needs some serious cleaning. Generally, houses in poor condition can be categorized by three types: houses that are uninhabitable, houses that need significant work done, and houses that need aesthetic updates:
- 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:
- Serious Fire or water damage
- Lead and/or asbestos you can’t eliminate
- Black mold
- Considerable foundation issues
- Termite damage
- Serious electrical issues
- Significant roof damage
- 2. Houses that need major work done — Other houses habitable, but uncomfortably. Houses in need of serious work 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 that need updating or are other minor patchwork — Some houses don’t need major repairs done, but may not be appealing to conventional home buyer for other reasons:
- 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- It’s an outdated property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
- Untended landscape
- Peeling paint
- Minor wood rot
If you’re selling a house in poor condition in Olivette, MO, it may be more difficult than finding a buyer for a house that’s already in pristine condition, but you do have some options.
Selling a House in Olivette, MO in Poor Condition? Here’s What You Can Do
Most home buyers want a house they can envision themselves relaxing in, 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 house that is already in turnkey condition is not as hard to a traditional buyer, you still have a few options for selling your Olivette, MO house in poor condition:
- Do a complete remodel — This will secure the most value for your property from a conventional buyer. However, the repairs may not add enough value for you to get your money back. A total house renovation will run up to almost $80,000. According to national cost vs. value averages, most repairs don’t even get a 70% ROI. For example, the average roof replacement for asphalt shingles costs $31,535, but only adds $18,780 to your final sale price. While making significant upgrades will likely get you the most money for your house at final sale, you’re unlikely to 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 Olivette, MO market.
- Make minor upgrades — An alternative is to simply make your Olivette house more attractive. Curb appeal by itself can improve a house’s value by almost 10% or more. The cost of cosmetic upgrades is much cheaper than major repairs:
- $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 recoup all those expenses through the sale, you’ll be giving up substantially less money than if you do a full renovation. The added curb appeal will improve offers from prospective buyers, though not as much as the first option.
- Sell your home “as-is” to a traditional buyers — There are some conventional buyers who will buy a home in poor condition in an effort to spend less on the down payment and incrementally make upgrades over time. There aren’t many of those, and they’ll still want the house to be clean, the grass to be mowed, and that you’ll put effort into staging the home. All of that takes additional time and money.
- Sell in poor condition to cash home buying company — Lastly, you can sell your property to a company that pays cash for Olivette-area homes. At Evervest, we give all cash offers for homes in any condition. Then, we rehabilitate the home and make a moderate profit off the resale. Our process is easy 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
- When you agree to sell to us, we can write up a contract and close in just a week
Our process is not only fair and fast, but it’s entirely stress-free. 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 who’s making the purchase. We are discrete and nonjudgmental; you don’t even have to vacuum the carpet before we do our inspection.
Our team consists of a licensed Olivette, MO real estate broker, and a construction crew with over 30 years of experience. We are always honest to Olivette, MO homeowners about the value of their home, and how we valued it. We’re not going to get rich off selling your property; we do what we do to earn a moderate profit and improve our Olivette neighborhoods.
If want to learn more about selling your house in poor condition to a cash home buyer, call us at (314) 730-0366, or read on to discover more about the cash home buying process.
Selling a House in Poor Condition in Olivette, MO: FAQs
31.4% of American home purchases are paid for with cash, according to a Redfin report. While selling a house in poor condition to a cash buyer is becoming an increasingly popular option, most people in Olivette, MO 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 are intent and intentional about our honesty and devotion to our communities. If you have any doubts, you can check out our client testimonials and our A+ rating with the Better Business Bureau®. We’ll always show you 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 follow its terms.
We’re from the Olivette, MO area, and are proud to raise our own children in the same place. We do not want 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 a variety of factors, including where in St. Louis, MO it’s located, its size, and the condition its in. 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 sites, like Zillow, that offer home value estimates. You can also consult with a professional 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. Selling a home for cash is a good way to get the funds to pay off your debts quickly.
Are you going to pay me 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 funds 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 Olivette, 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
Selling a House in Poor Condition in St. Louis, MO | Evervest Home Buyers
Selling a house in poor condition can seem impossible, but it doesn’t have to be. 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 keep 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.