Selling a House in Poor Condition in University City, MO
Selling a house in poor condition in University City, MO. We get it, some houses seem impossible to sell. Whether you don’t want to deal with repainting, cleaning, and staging for a traditional buyer, or are wondering if you’re ever going to be able unload a house with considerable fire damage, Evervest Home Buyers can offer you a solution. We Give fair, all-cash offers for as-is homes in the University City area, and can close in as little as 30 days. Whatever type of repairs your home needs, we are interested in buying it. If you need to sell a home in poor condition in University City, MO and want a a fast and easy solution, call Evervest today at (314) 730-0366 or get your offer online.
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When Is a House in University City, MO Considered to Be in Poor Condition?
“Poor condition,” is an umbrella phrase. To some, it may mean massive damage, to others it may mean the carpet needs some serious cleaning. Generally, houses in poor condition can be categorized by three types: homes that you can’t live in, houses that need major work done, and houses that just need some fine tuning:
- 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 uninhabitable houses include:
- Serious Fire or water damage
- Lead and/or asbestos you can’t get rid of
- Black mold
- Significant foundation issues
- Termite damage
- Considerable electrical issues
- Significant roof damage
- 2. Houses that need significant repairs — Other houses habitable, but uncomfortably. Houses in need of major fixes 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 in need of updating or are otherwise undesirable — Some houses don’t need major remodeling done, but could possibly not be appealing to conventional home buyer because of other issues:
- The house is in bad neighborhood
- You have bad tenants
- It’s an outdated home
- It’s been vacant for a long period
- Crimes were committed at the property
- Dirty surfaces
- Untended lawn
- Peeling paint
- Minor wood rot
If you’re trying to sell a house in poor condition in University City, MO, it may be more difficult than finding a buyer for a turnkey house, but that doesn’t mean it’s impossible.
Selling a House in University City, MO in Poor Condition? Read on For Help
Most home buyers want a house they can see themselves relaxing in, not one they’ll have to work on for years, or pay someone thousands of dollars to repair after they’ve already spent money on the house. While selling a property that is already in turnkey condition is not as hard on the traditional market, there are still ways you can sell your University City, MO house in poor condition:
- Do a complete remodel — This is how you can get the most value for your house from a traditional buyer. However, you might not recoup the cost of the repairs in the sale. A total house remodeling will run between $17,942-$78,270. According to national cost vs. value report, most repairs only get a 50-70% return on investment. For example, the average minor kitchen remodel costs $28,279, but only adds $20,1225 in value to your home. While investing in major repairs will almost certainly fetch the highest bid for your house, you’re unlikely to profit off of the repairs you made. The repairs will also add months or even a year to the time before you can list your home on the University City, MO market.
- Make aesthetic repairs — Another option is to simply increase your University City home’s curb appeal. Curb appeal by itself can boost a house’s value by 7% 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 all the interior walls
- $350-$3,500 to refinish cabinets
While you also won’t get all that money back, you won’t be spending nearly as much money. The added curb appeal will improve offers from prospective buyers, though not as much as making major repairs.
- Sell your home “as-is” on the traditional market — There are some traditional buyers who will buy a home as-is with the hope of spending less on the down payment and gradually make upgrades over time. There aren’t many of those, and they’ll still want an empty house that’s well-staged when they see it. That will further increase the time and money spent before the house is sold.
- Sell in poor condition to a cash home buyer — The final option is to sell your property to a cash home buyer in University City, MO. At Evervest, we buy homes in any condition for fair value. Then, we make all the necessary repairs and upgrades ourselves and sell the property at a slightly higher value. Our process is easy 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 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
The way we do things is not only fair and fast, but it’s entirely stress-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 who’s making the purchase. We are discrete and nonjudgmental; you don’t even have to pick the socks up off the floor when we come over to look at your home.
Our team is made up of a licensed University City, MO real estate broker, and a contractor with over 30 years of experience. We are always honest to University City, MO residents about the value of their home, and how we came to that number. We’re don’t get rich off the sale of one property; we buy and rehabilitate houses to earn a moderate profit and enhance our University City neighborhoods.
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 below.
Selling a House in Poor Condition in University City, MO: Frequently Asked Questions
Nearly one-third of American 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 University City, MO homeowners who reach out to us still want to know more about the process. The following are some of the most frequently asked questions about selling a house as-is:
Is the cash home buying process a scam?
Unfortunately it can be. The world has no shortage of scammers. But selling to Evervest is not a scam; we pride ourselves on our honesty and commitment to our communities. If you still have concerns, you can read our client testimonials and our perfect score with the Better Business Bureau®. We’ll always show you proof of funds before you sign, and in 20+ years we have never gone back on a contract because we didn’t follow its terms.
We grew up in the University City, 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 is based on a variety of factors, including where in St. Louis, MO it’s located, its size, and how expensive making all the repairs might be. More repairs equals lower value. 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 hire a professional assessor who can give you their estimate.
Can I sell my house if I’m in debt?
Yes. We’ve purchased property from homeowners who owe back taxes and have houses in foreclosure. Getting cash for your home is an excellent way to get the money to become debt-free quickly.
Do I get paid in actual cash?
No. While it might sound fun to have bags full of cash, 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 property, and aren’t won’t be getting a mortgage.
Other types of properties we buy in University City, 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 it doesn’t have to be. Evervest Home Buyers has over 30 years of experience offering St. Louis, MO homeowners get full value for their properties. Don’t let an old house hold 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 online.