Selling a House in Poor Condition in St. Louis, MO
Selling a house in poor condition in St. Louis, MO. We get it, some houses seem impossible to sell. Whether you don’t want to make the minor updates necessary for a conventional buyer, or are asking yourself if you’re ever going to be able unload a house with significant black mold presence, Evervest Home Buyers is here to take your unwanted property off your hands. We Give fair, all-cash offers for as-is properties in the St. Louis area, and can complete the transfer in as little as a few weeks. Whatever type of repairs your home needs, we will make you an offer. If you’re selling a home in poor condition in St. Louis, 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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When Is a House in St. Louis, MO Considered to Be in Poor Condition?
“Poor condition,” is an umbrella phrase. To some, it may mean a house that is unlivable, to others it may simply mean the walls need repainting. Typically, houses in poor condition can be categorized by three types: houses that are uninhabitable, houses that need major repairs, and houses that need aesthetic updates:
- 1. Houses that no one can live in — Sometimes, the damage to a home is so bad that no one can safely live in it. Examples of unlivable houses include:
- Extensive Fire or water damage
- Lead and/or asbestos that can’t be removed
- Black mold
- Significant foundation issues
- Termite damage
- Serious electrical issues
- Significant roof damage
- 2. Houses that need major work done — 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
- Dying 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 aren’t necessarily in bad shape, but might not be appealing to conventional home buyer because of other issues:
- The house is in bad part of town
- You have bad tenants
- It’s an outdated house
- It’s been vacant for a long period
- Crimes were committed at the property
- Stained surfaces
- Untended landscape
- Peeling paint
- Minor wood rot
If you’re selling a house in poor condition in St. Louis, MO, it may be more difficult than selling a house that’s already in pristine condition, but you do have some options.
Selling a House in St. Louis, MO in Poor Condition? You Have a Few Options
Most home buyers want a house they can see themselves being comfortable in, not one they’ll have to fix up, or pay someone thousands of dollars to fix after the cost they put into the purchase. While selling a home that is already in turnkey condition is not as hard on the conventional market, there are still ways you can sell your St. Louis, MO house in poor condition:
- Invest in major upgrades — This will get the most money for your house on the traditional market. However, you may not get back the cost of the repairs in the sale. An entire home renovation will run up to almost $80,000. According to national resale averages, most repairs only get a 50-70% cost recuperation. For example, the average vinyl siding replacement costs $18,662, but only adds $12,541 to your final sale price. While investing in significant repairs 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 add months or even a year to the time before your house is ready for the St. Louis, MO market.
- Make aesthetic repairs — Another thing you can do is merely make your St. Louis house more attractive. Curb appeal by itself can boost a property’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 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 won’t be spending nearly as much money. The aesthetic upgrades will improve offers from prospective buyers, though not as much as the first option.
- Sell your home “as-is” to a conventional buyers — Some people may buy a property in poor condition with the hope of spending less on the down payment and incrementally fix the house over time. Those will be harder 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 its current condition to an as-is home buyer — Lastly, you can sell your house to a cash home buying company in St. Louis, MO. At Evervest, we give fair offers for homes in poor condition. Then, we make all the necessary repairs and upgrades ourselves and sell the property at a slightly higher value. Our process is simple and gets cash in your hand in as little as 30 days:
- We perform our own inspection
- We give you the best possible offer while still setting ourselves up for a profit
- When you accept our offer, we can write up a contract and complete the sale in as little as a week
The way we do things is not only fair and fast, but it’s entirely nuisance-free. You won’t have to deal with dozens of people looking over your home. The only person you’ll have to see is the person that’s buying your home. We are discrete and nonjudgmental; you don’t even have to do the dishes before we do our inspection.
Our team consists of a professional St. Louis, MO real estate broker, and a contractor with more than three decades of experience. We are always direct to St. Louis, MO homeowners about the value of their home, and how we valued it. 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 St. Louis neighborhoods.
If you’re interested in selling your house in poor condition for cash, reach out to us at (314) 730-0366, or read on to discover more about the cash home buying process.
Selling a House in Poor Condition in St. Louis, MO: FAQs
Nearly one-third of American 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 St. Louis, MO homeowners who call us still have questions about the process. The following are some of the questions we get the most about selling a house as-is:
Is the cash home buying process a scam?
Unfortunately sometimes. There are dishonest people in this world who lie to others for money. But selling to Evervest is not a scam; we are intent and intentional about our integrity and devotion to our neighborhoods. If you have any doubts, you can look at our client testimonials and our perfect 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 St. Louis, MO area, and are proud to raise our own families where we grew up. We’re not trying to cheat 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. The value of your home will depend on a variety of aspects, including what St. Louis, MO neighborhood it’s in, its size, and the cost of making all the repairs. The more the repairs, the less we’ll want to pay for it. Still, there are many ways you can find out how much you should get for your as-is property. There are numerous web pages, like Zillow, that give home value estimates. You can also consult with a professional assessor who can give you their professional opinion.
Can I sell my house if there’s a lien on it?
Yes. We’ve bought property from people who owe back taxes and have houses in foreclosure. Getting cash for your home is a good way to get the funds 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 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 St. Louis, 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 it doesn’t have to be. Evervest Home Buyers has over three decades of experience offering St. Louis, MO residents a fast and stress-free home selling experience. Don’t let a damaged property 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 through our website.