Selling a House in Poor Condition in Spanish Lake, MO
Selling a house in poor condition in Spanish Lake, MO. We understand, it seems impossible to get some houses off your hands. Whether you don’t want to deal with repainting, cleaning, and staging for a conventional buyer, or are asking yourself if you’re ever going to be able to get rid of a property with serious fire damage, Evervest Home Buyers can offer you a solution. We Give fair, all-cash offers for as-is houses in the Spanish Lake area, and can close in as little as a few weeks. No matter what condition your house is in, we are interested in buying it. If you need to sell a home in poor condition in Spanish Lake, MO and want a home-selling experience with no hassle, call Evervest today at (314) 730-0366 or tell us about your property online.
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When Is a House in Spanish Lake, MO Considered to Be in Poor Condition?
“Poor condition,” is an inexact term. To some, it may mean a house that is unlivable, to others it may simply mean the windows need to be caulked. Generally, houses in poor condition can be categorized by three types: houses that are uninhabitable, houses that need significant repairs, and houses that need cosmetic updates:
- 1. Houses that are uninhabitable — Sometimes, a house is in such poor shape that it does not provide the basic shelter a home must. Examples of unlivable houses include:
- Extensive Fire or water damage
- Lead and/or asbestos that can’t be removed
- Black mold
- Considerable foundation issues
- Termite damage
- Serious electrical issues
- Serious roof damage
- 2. Houses that need significant work done — Other houses habitable, 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 surfaces and siding
- Damaged chimney
- Small issues with the foundation
- 3. Houses in need of aesthetic updates or are other minor patchwork — Some houses don’t need major repairs done, but might not be appealing to conventional home buyer for other reasons:
- The house is in bad neighborhood
- You have bad tenants
- It’s an outdated house
- It’s been vacant a long time
- Crimes were committed at the property
- Dirty surfaces
- Neglected grass
- Peeling paint
- Minor wood rot
If you need to sell a house in poor condition in Spanish Lake, MO, it may be more difficult than finding a buyer for a house that’s already in pristine shape, but you do have some options.
Selling a House in Spanish Lake, MO in Poor Condition? Here’s What You Can Do
Most home buyers want a house to live comfortably in right away, not one they’ll have to fix up, or pay someone thousands of dollars to repair after the cost they put into the purchase. While selling a house that is already turnkey property is easier on the traditional market, you still have a few options for selling your Spanish Lake, MO house in poor condition:
- Do a complete remodel — This is how you can secure the most value for your home on the traditional market. However, the cost of getting there is high. A total home renovation will run between $17,942-$78,270. According to research from the national resale report, most repairs only get a 50-70% return on investment. For instance, the average bathroom remodel costs $27,164, but only adds $15,990 to your final sale price. While investing in significant upgrades will likely get you the most money for your house at final sale, 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 you can list your house on the Spanish Lake, MO market.
- Make aesthetic repairs — Another option is to merely make your Spanish Lake house more attractive. Curb appeal by itself can increase a house’s value by almost 10% 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 all the interior walls
- $350-$3,500 to refinish cabinets
While the return on investment isn’t very high either, you’ll be giving up significantly 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” on the conventional market — There are some conventional buyers who will buy a home in poor condition with the hope of spending less on the down payment and slowly repair the house over the years. 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 its current condition to an as-is home buyer — Lastly, you can sell your home to a company that pays cash for Spanish Lake-area homes. At Evervest, we buy homes in any condition for fair value. Then, we make the repairs ourselves and sell the property at a slightly higher value. Our process is stress-free and gets money in your account in as little as 30 days:
- We carry out our own inspection
- We give you the highest offer we can while still setting ourselves up for a profit
- When you accept our offer, we can have a contract ready and complete the sale in as little as 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 have to talk to is the person that’s buying your home. We are discrete and nonjudgmental; you don’t even have to pick the socks up off the floor before we do our inspection.
Our team consists of a professional Spanish Lake, MO real estate broker, and a contractor with over 30 years of experience. We are always straightforward to Spanish Lake, MO homeowners about how much their property is worth, and how we valued it. We’re not going to get rich off selling your property; we do what we do to make a moderate amount of money and give Spanish Lake families a place to settle down.
If want to learn more about selling your house in poor condition for cash, call us at (314) 730-0366, or read on below.
Selling a House in Poor Condition in Spanish Lake, MO: Frequently Asked Questions
31.4% of U.S. home purchases are paid for with cash, according data from a Redfin report. While more people may be seeing the wisdom in selling a house in poor condition for cash, most people in Spanish Lake, MO who inquire to us still have questions about the process. Below are some of the questions we get the most 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 liars. But selling to Evervest is not a scam; we are intent and intentional about 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 more than two decades we have never backed out of a contract because we didn’t abide by its terms.
We grew up in the Spanish Lake, MO area, and are proud to raise our own families 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?
Our offer will be what we genuinely think is fair. The value of your home will depend on a variety of things, including what Spanish Lake, MO neighborhood it’s in, its size, and the condition its in. The more the repairs, the more it’s value will go down. Still, there are ways to do your own research. There are numerous sites, like Zillow, that give home value estimates. You can also consult with 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 great way to get the funds to become debt-free quickly.
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 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 property, and aren’t won’t be getting a mortgage.
Other types of properties we buy in Spanish Lake, 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 stressful experience, but we can offer a solution. Evervest Home Buyers has more than three decades of experience offering St. Louis, MO residents get fair value for their properties. Don’t let an old 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 get your offer online.