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Busting 4 Myths About Companies That Buy Houses

Busting 4 Myths About Companies That Buy Houses

It’s easy to be suspicious of something that is not mainstream. After all, the less you know about a certain thing, the less likely you are to trust it. However, when it comes to St. Louis companies that buy houses, many things that people distrust about these companies are based on myths and misconceptions. 

If you need to sell your house fast or in a situation that you are trying to get out of, a traditional sale may not work for you. A cash home sale may be a better option than hiring a real estate agent and putting your house on the market. For this reason, we are here to dispel the myths surrounding cash sales and to help you understand more about companies that buy houses in St. Louis, Missouri. 

Myth #1: Cash Home Buyers Only Make Lowball Offers

This myth has been perpetuated by people in the industry who do not understand how cash offers work and who they are designed for. If you have unlimited resources, are under no pressure whatsoever, and have endless amounts of time to sell your house, a traditional sale may be your best bet. 

However, if you need to sell your fast and just try to get out of a bad situation, a cash sale is a smarter alternative. Why? Because a cash sale solves the real issue – helping you get out of your house or mortgage. In this scenario, the buyer isn’t lowballing you. Instead, they’re helping you sell your house fast so that you don’t have to put it on the market. Buyers don’t lowball you. Rather, they give you a healthy offer based on a percentage of your house’s current value.

Myth #2: Home Buyers Are Out to Scam You

Once again, this myth is based on false information. Just like any other industry, there are scammers in real estate. However, the best way to avoid scammers is to do your homework and find a reputable company that buys houses. A little research can help you find experienced companies that have successfully completed hundreds of real estate deals.

To be clear, house buying companies exist to make a profit from buying and selling houses. However, so are real estate agents and major investment companies. The difference is that home buyers can save you thousands of dollars in closing costs, realtor commissions, and repairs. Real estate agents cannot offer that same benefit.

    Get Your Fair & Honest All-Cash Offer Today! No Obligations!


    Or Call Us Now At 314-721-6800

    Myth #3: Companies Are Only Interested in a Certain Type of Home or Buyer

    This assertion is only half-true. Local buyers or house buying companies may specialize in a certain market segmentprocess is faster because or focus on a certain type of seller. However, for the most part, buyers work with sellers in all types of situations: new job, divorce, relocation, foreclosure, bankruptcy, probate, tired landlord, damaged house, or vacant house.

    This means that buyers also buy all types of houses. They may work with a seller who has a heavily damaged property and then turn around and buy a house that is in perfect condition. Therefore, most companies are not only interested in buying worn-down or perfect houses. They can buy your house regardless of its condition or your current situation.

    Myth #4: A Cash Sale Takes Longer Than a Traditional Sale

    Realtors argue that it takes more time to sell a home without an agent, leading to most homeowners believing the misconception. The 2019 National Association of Realtors reports showed that house sales without agents were complete within two weeks or less compared to the 64 to 95-day average when you list through a realtor. 

    Cash for homes investors provide instant cash offers after a quick walkthrough of the property. Most will allow you to set the closing date on a day that you prefer. On average, it takes seven to 21 days to sell a house in a cash sale. The reason the process is faster is that a cash sale often eliminates all the steps in a traditional sale. Sell your house when you want. 

    How to Sell Your House in 3 Easy Steps

    Step 1: Contact Us

    Call Klamen Real Estate Group or fill out the contact form to schedule a quick walkthrough of the property. Don’t worry about making any renovations or repairs or even cleaning the house. We buy houses as-is. Feel free to ask any questions or express your concerns. We are happy to discuss your situation.

    Step 3: Get a Fair Cash Offer

    If our buyers like what we see, we’ll make a fast cash offer at just under your house’s current market value. In most cases, we can offer as little as 24 to 48 hours after seeing the property. When you work with Klamen Real Estate Group, you’ll get a fair offer for your house.

    Step 3: You Get Paid

    If you accept our offer, you can schedule a closing date that is convenient for you. We pay all closing costs and fees. You simply show up, sign the papers, and get paid. When you work with us, selling your house in St. Louis has never been easier. Get started with us today!

    Sell Your House Fast to Klamen Real Estate Group

    Selling your house can be easier than ever when you sell your house for cash to Klamen Real Estate Group. We offer a simple, no-cost solution that helps you get out of your mortgage or sell your house regardless of your situation. To find out more about the benefits of selling your house for cash, call (314) 721-6800 and get a fast cash offer.

      Get Your Fair & Honest All-Cash Offer Today! No Obligations!


      Or Call Us Now At 314-721-6800

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      Can I Sell My Damaged House After a Natural Disaster in St. Louis, Missouri?

      Can I Sell My Damaged House After a Natural Disaster in St. Louis, Missouri?

      Missouri is no stranger to disasters. The state has experienced numerous floods, tornadoes, fires, and severe storms. When natural disasters occur, they often cause massive damage to houses, leaving homeowners with thousands of dollars in repairs. In many cases, property owners choose to sell their houses and move on because the cost of restoring the house is too high. 

      If you are a homeowner in St. Louis, Missouri, and a natural disaster damaged your house, you may feel like your options are limited. However, it is possible to sell your damaged house fast without making repairs or incurring high selling costs. Below, we look at some of the most common natural disasters in Missouri and what you can do to sell your damaged house as-is in Missouri after a disaster.

      Common Natural Disasters in St. Louis, Missouri

      Severe Storms

      Severe storms in Missouri come in the form of heavy rainfall, thunder and lightning, gusty winds, macro-bursts, and hail. Measurable precipitation occurs 100 days of the year, with an average of 34 inches in the northwest and 50 inches in the southeast. Because of the warm and humid climate, lightning and thunderstorms are frequent during the spring and summer months — especially between April and July.

      Floods

      Due to its proximity to the Missouri River, Missouri has a significant risk of flooding. Most flooding occurs due to heavy precipitation, rapid snowmelt, overflowing rivers, levee damage, and dam failure. Floods often cause total damage, creating structural instability in the foundation and walls.

      Winter Storms

      Winters in Missouri can be severe but short. Missourians can expect freezing rain, drizzle, ice storms, sleet, and snow during the winter season. Snow can fall as early as October and as late as May, but the peak snowfall season is between December and February. Ice dams are common in Missouri and can cause substantial damage to roofs.

      Tornadoes

      Missouri records 30 to 45 tornadoes annually. Eight to ten tornadoes typically range between F2 and F5 in strength. Tornados can occur any time of the year but are most common during the spring, summer, and fall months — March through June is peak tornado season. The month of May averages both the highest death toll and greatest frequency, and they’re most likely to occur between noon and midnight.

      Landslides

      Landslides can occur alongside unstable slopes and hilly areas. They can be triggered by periods of heavy precipitation, saturated soil, construction, and erosion, among other things.

      While no major landslides have occurred in Missouri, the northern half of the state is more vulnerable. Like tornadoes, landslides can cause widespread damage over an extended area.

        Get Your Fair & Honest All-Cash Offer Today! No Obligations!


        Or Call Us Now At 314-721-6800

        How Natural Disasters Affect Property Values in St. Louis, MO

        When natural disasters strike in these areas, the effects on the wider Missouri market are minimal, but the effects in the St. Louis area are more definitive and long-lasting. Prospective buyers may find the location less desirable after a disaster and mortgage operations slow, both of which hurt home sales. 

        Oddly, home values in high-risk areas are higher than homes in low-risk areas. That’s because homes in higher-risk areas are often more desirable places to live. As such, homes in higher-risk areas may decrease sale prices after a natural disaster but have a much higher starting point.

        Should I Repair or Sell My Damaged House After a Disaster?

        After a natural disaster damages your home, you may be considering your options. Should you try to sell your damaged house or try to restore it and move back in? Before you decide, consider these four key questions.

        1. Can you rebuild a home that is sturdier and more disaster-resistant than the old one? 
        2. Can you afford a mortgage and insurance on a rebuilt house in a disaster zone? 
        3. Are neighbors, local businesses, and public services likely to return and rebuild?
        4. Knowing the risk of storm-related damage, will you be able to resell the house at a good price?

        The bottom line is this: Is it worth it to rebuild, or should you attempt to sell your damaged house as-is?

        How to Sell Your Damaged House After a Disaster?

        Chances are, if you attempt to sell your damaged house on the market after a natural disaster, you will need to reduce your asking price substantially. Currently, it’s a seller’s market. So, you are competing with dozens of properties in better condition.

        The best way to sell your damaged property in Missouri is to sell your house as-is directly to a buyer. You can bypass the market altogether. You do not have to hire a realtor, and you can avoid selling costs. At Klamen Real Estate Group, we have a simple process that allows you to sell your house in three easy steps.

        Step 1: Contact Us

        Call Klamen Real Estate Group or fill out the contact form to schedule a quick walkthrough of the property. Don’t worry about making any renovations or repairs or even cleaning the house. We buy houses as-is. Feel free to ask any questions or express your concerns. We are happy to discuss your situation.

        Step 3: Get a Fair Cash Offer

        If our buyers like what we see, we’ll make a fast cash offer at just under your house’s current market value. In most cases, we can offer as little as 24 to 48 hours after seeing the property. When you work with Klamen Real Estate Group, you’ll get a fair offer for your house.

        Step 3: You Get Paid

        If you accept our offer, you can schedule a closing date that is convenient for you. We pay all closing costs and fees. You simply show up, sign the papers, and get paid. When you work with us, selling your house in St. Louis has never been easier. Get started with us today!

        Sell Your Damaged House Fast to Klamen Real Estate Group

        Selling your house can be easier than ever when you sell your house for cash to Klamen Real Estate Group. We offer a simple, no-cost solution that helps you get out of your mortgage or sell your house regardless of your situation. To find out more about the benefits of selling your house for cash, call (314) 721-6800 and get a fast cash offer.

          Get Your Fair & Honest All-Cash Offer Today! No Obligations!


          Or Call Us Now At 314-721-6800

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          Can I Sell My St. Louis, Missouri House Fast During Coronavirus?

          Can I Sell My St. Louis, Missouri House Fast During Coronavirus?

          No one could have imagined the scale to which the COVID-19 pandemic has affected the economy and the real estate market. In St. Louis, Missouri, homeowners have had difficulty keeping jobs, managing finances, and selling their homes. Leading real estate analysts have reported that it’s currently a seller’s real estate market. However, finding buyers that qualify for low-interest rate mortgages is still challenging at best.

          If you are a homeowner trying to sell your house fast in St. Louis, MO, you may be struggling to sell your house on the market. Whether you attempt to do a For Sale by Owner (FSBO) or hire a real estate agent, it can take several months to find a buyer. Your sale may also be delayed by repairs or upgrades you need to make to the property. So, you may ask yourself, “Can I Sell My St. Louis, Missouri House Fast During Coronavirus?”

          How COVID-19 Is Affecting the Real Estate Market

          You may need to sell your house as fast as possible to get out of a dire situation such as bankruptcy, foreclosure, probate, relocation, eviction, bad tenants, or a new job. Therefore, you do not have time to go through the six to twelve-month process of selling your house. How long does it take to sell your house during COVID-19? How is COVID-19 affecting the real estate market?

          Construction Delays

          The coronavirus has delayed construction projects significantly. Contractors are either dealing with sick employees or finding employees that want to work. It has caused many segments of the construction industry to come to a halt. If you need to make repairs or upgrades to your house, you need to plan on taking a little longer than usual.

          Virtual or Isolated House Showings

          In a normal situation, you or the realtor would meet with prospective buyers to show the house. The threat of the pandemic has shifted showings from in-person to virtual or isolated. You can either use video conferencing to show the house or allow buyers to look around on their own. This changes the dynamic of showing a house, as an in-person showing is always best.

          Lack of Qualified Buyers

          Right now, home buyers can qualify for mortgages with flexible terms and low-interest rates. However, finding qualified buyers is harder than ever. The economic decline has caused many Americans to be out of work. Thousands of households face foreclosure, bankruptcy, and evictions, which harm their credit. 

            Get Your Fair & Honest All-Cash Offer Today! No Obligations!


            Or Call Us Now At 314-721-6800

            How Long Will It Take to Sell My House During Coronavirus?

            On average, houses in St. Louis sell within 60 to 90 days of going on the market. Keep in mind this is in normal situations where the economy and the real estate market are somewhat stable. Experts suggest that you should expect it to take six to 12 months to sell your house due to COVID-19. Keep in mind that this does not include the time you will spend getting the property ready for sale. 

            It could take you an additional one to three months to make repairs or home improvements. Plus, you need to consider the 30 to 45-day closing process. Therefore, whether you are hiring a realtor or going the FSBO route, you can expect it to take a while to unload your property. This can turn into a bad situation if you need to sell your house fast to avoid a bad situation.

            Is There a Way to Sell My House Fast Right Now?

            The answer is yes.

            Regardless of the COVID-19 pandemic, it is still possible to sell your house right now. Instead of hiring a realtor or doing an FSBO, you can sell your house as-is for cash directly to a buyer here in St. Louis. You do not have to put your house on the market, make repairs, hire a realtor, or go through a lengthy closing process. 

            A buyer can look at your house, make a fast cash offer, and close on the sale in as little as seven to 21 days. It is an alternative to a traditional sale that allows you to get out of your situation without spending thousands of dollars in selling costs. It is the perfect solution for selling your house during Coronavirus.

            How to Sell My House As-Is for Cash

            Klamen Real Estate Group can buy your house right now and pay cash. Our team has worked with dozens of buyers in the St. Louis area. We provide solutions that work for you if you are trying to sell your property during COVID-19. We follow a simple three-step process for buying your house.

            Step 1: Contact Us

            Call us today and tell us about your property. We’ll schedule a quick walkthrough of your house. No need to renovate or prepare your home. We buy houses as-is.

            Step 2: Get A Cash Offer

            If we are interested in buying your property, we’ll make a fair, no-obligation cash offer. We make most offers within 24 to 48 hours. Our offers come in at just under the current value of your house.

            Step 3: We Pay Cash For Your House

            If you accept our offer, then schedule a closing date that is convenient for you. We pay all closing costs and put cash in your hands in as little as seven days after closing. Selling your house is easy!

            Contact Klamen Real Estate Group to Sell Your House Today!

            If you are ready to sell your house fast, then now is the time. Klamen Real Estate Group can make an offer and put cash in your hands in as little as seven days. Call 314-721-6800 to get a fast cash offer today.

              Get Your Fair & Honest All-Cash Offer Today! No Obligations!


              Or Call Us Now At 314-721-6800

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              Can Landlords in St. Louis, Missouri Recover from the Eviction Moratorium?

              Can Landlords in St. Louis Missouri Recover from the Eviction Moratorium?

              At its core, the Eviction Moratorium granted by Congress in March 2020 was intended to provide relief to tenants unable to pay their rent. What started out as a three-month plan ended up being a series of extensions that caused millions of households to rack up a pile of debt in unpaid rent and landlords to face financial crisis. 

              The latest attempt from the current Administration to extend the moratorium to October was blocked by the Supreme Court, putting an end to the eviction ban that has been in an effect for  nearly 18 months. Now that the moratorium has been lifted, can landlords recover financially? What options do landlords have for selling rental properties? 

              What is the Eviction Moratorium?

              The eviction moratorium provided immediate relief for households who are currently behind on their rent and who were at an increased risk of eviction after the COVID-19 pandemic began. An extended moratorium was granted when the Delta variant of the Coronavirus emerged.

              While the eviction moratorium was a Federal initiative, each state carried out the rent relief plan differently. In Missouri, the last moratorium extension had the following provisions:

              • Prevents renters in communities experiencing a substantial or high level of community transmission of COVID-19 from being evicted for nonpayment of rent
              • Protects renters for up to two months, from August 3 to October 3. Renters lose protections under the moratorium once their community is no longer experiencing a substantial or high level of community transmission
              • Requires renters to provide their landlord with a signed declaration form to be covered. Renters who previously submitted declaration forms are not required to do so again.
              • Does not relieve renters from their obligation to pay rent.

                Get Your Fair & Honest All-Cash Offer Today! No Obligations!


                Or Call Us Now At 314-721-6800

                How Does the Eviction Moratorium Affect Landlords?

                There are several ways in which the Eviction Moratorium has affected landlords in St. Louis, Missouri over the past 18 months:

                Legal Penalties

                Landlords have had their hands tied legally. Any landlord found violating the eviction moratorium was subject to criminal penalties, including fines and jail time. Violations were prosecuted by the United States Department of Justice. An individual landlord who violated the order received a fine of up to $100,000, one year in jail, or both.

                Several Months of Unpaid Rent

                The average monthly rent in the U.S. is just under $800. When multiplied by 18 months, many tenants now owe thousands of dollars in unpaid rent. While it is true that landlords can now file claims against tenants to recover past rent, the chances of it actually happening are slim. Many landlords will be forced to count it as a loss instead of going after tenants legally. 

                Finding Qualified Tenants

                With millions of tenants facing eviction and financial crisis, landlords will have an uphill battle finding qualified tenants who can pay rent consistently each month. Many tenants will turn to smaller or cheaper properties with lower rents, leaving many landlords without a pool of qualified applicants to choose from.

                Foreclosure or Bankruptcy

                Without a steady stream of revenue each month, many landlords now face the threat of foreclosure or bankruptcydue tof late mortgage payments. While the government has provided some relief, lenders are applying economic pressure to landlords. Many property owners will have no choice but to file for bankruptcy or give their rental houses up. 

                Sell Your Rental House Fast in St. Louis, Missouri

                If you are a landlord who has been hit economically by the eviction moratorium, and you can’t hold on to your property, you may be looking for a way out. Instead of letting your rental house go to foreclosure or filing for bankruptcy, you may be able to sell your house fast in St. Louis, Missouri

                Klamen Real Estate Group can buy your rental house as-is right now, relieving you of the financial burden and mental stress of trying to sell or keep your property. Our proven system for selling your rental house is simple.

                Step 1: Contact Us

                Call Klamen Real Estate Group or fill out the contact form to schedule a quick walkthrough of the property. Don’t worry about making any renovations or repairs or even cleaning the house. We buy houses as-is. Feel free to ask any questions or express your concerns. We are happy to discuss your situation.

                Step 3: Get a Fair Cash Offer

                If our buyers like what we see, we’ll make a fast cash offer at just under your house’s current market value. In most cases, we can offer as little as 24 to 48 hours after seeing the property. When you work with Klamen Real Estate Group, you’ll get a fair offer for your house.

                Step 3: You Get Paid

                If you accept our offer, you can schedule a closing date that is convenient for you. We pay all closing costs and fees. You simply show up, sign the papers, and get paid. When you work with us, selling your house in St. Louis has never been easier. Get started with us today!

                Sell Your House Fast to Klamen Real Estate Group

                Selling your house can be easier than ever when you sell your house for cash to Klamen Real Estate Group. We offer a simple, no-cost solution that helps you get out of your mortgage or sell your house regardless of your situation. To find out more about the benefits of selling your house for cash, call (314) 721-6800 and get a fast cash offer.

                  Get Your Fair & Honest All-Cash Offer Today! No Obligations!


                  Or Call Us Now At 314-721-6800

                  ​Read More