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?
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.
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.