Selling a House in Poor Condition in St. Peters, MO
Selling a house in poor condition in St. Peters, MO. We understand, some houses seem impossible to sell. Whether you don’t want to deal with repainting, cleaning, and staging for the traditional market, or are asking yourself how on earth you’re going sell a property with significant water damage, Evervest Home Buyers can offer you a solution. We Give fair, all-cash offers for as-is houses in the St. Peters area, and can complete the transfer in as little as a few weeks. No matter what condition your house is in, we will make you an offer. If you’re selling a home in poor condition in St. Peters, MO and want a home-selling experience with no hassle, call Evervest today at (314) 730-0366 or tell us about your property through our website.
When Is a House in St. Peters, MO Considered to Be in Poor Condition?
“Poor condition,” is an inexact term. To some, it may mean a home that needs major repairs, to others it may mean the walls need repainting. Generally, houses in poor condition can be categorized by three types: homes that you can’t live in, houses that need significant work done, and houses that just need some fine tuning:
- 1. Houses that are uninhabitable — 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 you can’t get rid of
- Black mold
- Extensive foundation issues
- Termite damage
- Extensive electrical issues
- Significant roof damage
- 2. Houses that need major repairs — Other houses can be lived in, but still have major issues. Houses in need of serious fixes are houses with:
- Plumbing issues
- Minor electrical issues
- Expiring HVAC systems
- Damaged kitchen
- Damaged light fixtures
- Damage to surfaces and siding
- Damaged chimney
- Small cracks in the foundation
- 3. Houses in need of updating or are otherwise undesirable — Some houses aren’t necessarily in bad shape, but could possibly not be appealing to conventional home buyer because of other issues:
- The house is in bad neighborhood
- It’s a rental and you have bad tenants
- It’s an outdated house
- It’s been vacant for a long period
- Crimes were committed inside the house
- Stained surfaces
- Neglected lawn
- Peeling paint
- Minor wood rot
If you’re trying to sell a house in poor condition in St. Peters, MO, it may be more difficult than selling a turnkey house, but that doesn’t mean it’s impossible.
Selling a House in St. Peters, MO in Poor Condition? You Have a Few Options
Most people looking to buy a home want a house they can see themselves relaxing in, not one they’ll have to fix up, or spend money to repair after the cost they put into the purchase. While selling a property that is already in turnkey condition is not as hard to a traditional buyer, you still have a few options for selling your St. Peters, MO house in poor condition:
- Do a complete remodel — This is how you can secure the most value for your home from a conventional buyer. However, you might not recoup the cost of the repairs in the sale. A complete home renovation costs up to almost $80,000. According to data from the national resale report, most repairs only get a 50-70% ROI. For example, the average roof replacement for asphalt shingles costs $31,535, but only adds $18,780 in value to your home. While making major upgrades will almost certainly 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 St. Peters, MO market.
- Make cosmetic upgrades — Another option is to merely make your St. Peters house look nicer. Curb appeal by itself can increase a house’s value 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 you also won’t recoup all those expenses through the sale, you’ll be sacrificing 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 traditional market — There are some conventional buyers who will buy a property as-is in an effort to spend less upfront and incrementally make upgrades over the years. Those will be harder to find, and they’ll still want an empty house that’s well-staged when they see it. That alone can lead to you spending more money.
- Sell “as-is” to cash home buying company — The final option is to sell your property to a company that pays cash for St. Peters-area homes. At Evervest, we give fair offers for homes in any condition. Then, we make the repairs ourselves and make a small profit off the resale. Our process is stress-free and gets cash 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
- If you agree to sell to us, we can write up a contract and close in just a week
Our process puts no pressure on you and gets you fair value for your house. 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 see is the person who’s making the purchase. 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 is made up of a licensed St. Peters, MO real estate broker, and a construction expert with more than three decades of experience. We are always honest to St. Peters, 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 make a moderate amount of money and give St. Peters families a place to settle down.
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 St. Peters, MO: Frequently Asked Questions
Almost one-third of U.S. homes sell to cash buyers, according data from a Redfin report. While selling a house in poor condition to a cash buyer is becoming an increasingly popular option, most people in St. Peters, MO who reach out to us still want to know more 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?
Unfortunately 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 commitment to our neighborhoods. If you still have concerns, you can look at our client testimonials and our A+ rating with the Better Business Bureau®. You’ll see proof of funds before you sign, and in more than two decades we have never backed out of a contract because we didn’t follow its terms.
We grew up in the St. Peters, MO area, and are proud to raise our own kids where we grew up. 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 is based on numerous different aspects, including where in St. Louis, MO it’s located, its size, and how much repairing it will cost us. The more the repairs, the more it’s value will go down. Still, there are ways to do your own research. There are many web pages, like Zillow, that offer approximations of your homes value. You can also consult with a professional assessor who can give you their estimate.
Can I sell my house if there’s a lien on it?
Yes. We’ve purchased property from people who owe back taxes and have houses in foreclosure. Getting cash for your home is an excellent way to get the funds to pay off your debts quickly.
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 cover the full purchase of the home, and aren’t depending on a lender.
Other types of properties we buy in St. Peters, 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
- 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 30 years of experience offering St. Louis, MO residents a fast and stress-free home selling experience. Don’t let an old 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 tell us about your property through our website.