Selling a House in Poor Condition in Ozark, MO
Selling a house in poor condition in Ozark, MO. Selling a house that needs major repairs can be difficult. Whether you aren’t predisposed to make the minor updates necessary for the traditional market, or are wondering how on earth you’re going to get rid of a house with extensive asbestos presence, Evervest Home Buyers is here to take your poor condition property off your hands. We Give fair, all-cash offers for as-is houses in the Ozark area, and can close 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 Ozark, MO and want a home-selling experience with no hassle, call Evervest today at (417) 815-3889 or tell us about your property through our website.
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What is Meant By a Home in “Poor Condition” in Ozark, MO?
“Poor condition,” is an inexact phrase. To some house buyers, it may mean a home that needs major repairs, to others it may simply mean the walls need repainting. Typically, houses in poor condition can fall into three group: homes that you can’t live in, houses that need significant remodeling, and houses that need cosmetic updates:
- 1. Houses that no one can live in — Sometimes, a house is in such bad condition that no one can safely live in it. Examples of unlivable houses include:
- Extensive Fire or water damage
- Lead and/or asbestos you can’t get rid of
- Black mold
- Significant foundation issues
- Termite damage
- Considerable electrical issues
- Extensive roof damage
- 2. Houses that need significant repairs — Other houses can be lived in, 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 cracks in the foundation
- 3. Houses that need updating or are otherwise undesirable — Some houses don’t need major work done, but could possibly turn traditional buyers off because of other issues:
- The house is in bad neighborhood
- You have bad tenants
- It’s an outdated property
- It’s been vacant for a long period
- Crimes were committed at the property
- Stained surfaces
- Neglected lawn
- Peeling paint
- Minor wood rot
If you need to sell a house in poor condition in Ozark, MO, it will be much harder than finding a buyer for a house that’s already in pristine shape, but you do have some options.
Selling a House in Ozark, MO in Poor Condition? Read on For Help
Most people looking to buy a home want a house to live comfortably in right away, not one they’ll have to put work into, or spend money to repair after the cost they put into the purchase. While selling a property that is already in turnkey condition is easier to a conventional buyer, there are still ways you can sell your Ozark, MO house in poor condition:
- Do a complete remodel — This will secure the most money for your home from a traditional buyer. However, you might not get back the cost of the repairs in the sale. A complete house remodeling costs up to $78,270. According to data from the national resale report, most repairs only get a 50-70% ROI. For instance, the average vinyl siding replacement costs $18,662, but only adds $12,541 to your final sale price. While investing in significant upgrades 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 upgrades will also take time, and it could be months or even a year before your house is ready for the Ozark, MO market.
- Make minor upgrades — An alternative is to merely improve your Ozark home’s curb appeal. Curb appeal alone can increase a home’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 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 won’t be spending nearly as much money. The aesthetic upgrades will improve offers from prospective buyers, though not as much as making major repairs.
- 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 fix the house over the years. Those will be harder to find, and they’ll still expect the house to be clean, the grass to be mowed, and that you’ll make the home look nice when they see it. That will further increase the time and money spent before you can unload the home.
- Sell in its current condition to an as-is home buyer — The final option is to sell your property to a company that pays cash for Ozark-area homes. At Evervest, we buy homes in any condition for the current value of the property. Then, we renovate the home and make a moderate profit off the resale. Our process is easy and gets cash in your hand in as little as 30 days:
- We perform our own inspection
- We give you the highest offer we can while still seeing the property as an investment for ourselves
- When you agree to sell to us, we can write up a contract and complete the sale in as little as 7 days
Our process puts no pressure on you and gets you fair value for your home. 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 is made up of a licensed Ozark, MO real estate broker, and a construction expert with over three decades of experience. We are always honest to Ozark, 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 buy and rehabilitate houses to make a moderate amount of money and give Ozark families a place to settle down.
If want to learn more about selling your house in poor condition for cash, reach out to us at (417) 815-3889, or read on below.
Selling a House in Poor Condition in Ozark, MO: FAQs
31.4% of American homes sell to cash buyers, according data from a Redfin report. While more people may be seeing the wisdom in selling a house in poor condition for cash, most Ozark, MO homeowners who call us still want to know more about the process. The following are some of the questions we get the most concerning selling a house as-is:
Is the cash home buying process a scam?
Unfortunately it can be. The world has no shortage of liars. But there are no scams involved when you sell to Evervest; we pride ourselves on our honesty and dedication to our neighborhoods. If you still have concerns, you can look at our client testimonials and our perfect rating with the Better Business Bureau®. You’ll see proof of funds before any documents are signed, and in more than two decades 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 Ozark, 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 the true value of my home as-is?
Our offer will be what we genuinely think is fair. How much your home is worth will depend on numerous different aspects, including where in Springfield, MO it’s located, its size, and the cost of making all the repairs. More repairs equals lower value. Still, there are ways to do your own research. There are many web pages, like Zillow, that give approximations of your homes value. You can also hire a licensed assessor who can give you their estimate.
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 a good way to get the money to pay off your debts fast.
Do I get paid 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 money 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 Ozark, 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 Springfield, 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 Springfield, MO homeowners get full value for their properties. Don’t let an old house keep you down; get the funds to move to the next stage of your life today. To sell your Springfield, MO home in poor condition, call us at (417) 815-3889 or get your offer through our website.