St. Louis, MO, is a city that families who thrive in tight-knit communities would want to call home. Over 277,300 residents have a great deal of reasons to stay! However, despite the low cost of living and other perks, St. Louis is not for everyone. Should you be in a situation where you must sell a vacant property in St. Louis, know that FasterHouse has a solution.
st louis skyline
The Problems with Vacant Properties
A vacant property is any unoccupied residential or commercial building with inactivity due to owners relocating, inheriting from a deceased loved one, or awaiting renovations or rental prospects. Owning one can mean facing the following issues.
Vandalism and Trespassers
Since no one looks after the property, trespassers can access and harm the structure or grounds. Many vacant properties have vandalized walls, broken windows, or ruined lawns.
Structural Damage
Even without intentional harm from outsiders, a vacant property can sustain structural damage due to neglect. A house or building needs constant care to prevent mold, pests, and other problems.
FasterHouse Logo
Target for Theft
People may find valuable objects, from appliances and devices to materials like pipes and wires. Empty buildings can also be a hideout for criminals or illegal activities.
Decreased Property Value
Vacancy hurts your property and those that surround it. Your neighborhood suffers from this decrease in value as it gives an impression of a community’s decline.
Maintenance Costs
You may not live on your property, but you must maintain it to keep it from falling apart. You must be on top of regular lawn care, repairs, and utility bills, which are expenses you cannot even earn from.
St Louis Missouri
Violation of Local Ordinances or Codes
Local governments have laws to preserve your community’s safety and appeal. If you fail to comply, you will not only get high fines but may also have your property condemned.
Increased Risk of Fire and Other Hazards
One of the most significant risks of an abandoned property is fire. Any unchecked electrical issue can escalate, putting your property and those nearby at risk.
Difficulty in Selling
Lastly, a vacant property is hard to sell, which means you carry the above concerns as long as you do not find a buyer. Not selling is also not ideal because owning a property you do not use wastes resources and capital.
Ferguson Missouri
How To Sell a Vacant Property Quickly
You can sell a vacant property to free yourself from its burdens. Earning from it to avoid foreclosure or afford medical bills and other financial emergencies is also feasible. Either way, your first option is always the traditional way. You must fix or replace broken or outdated features, clean everything, and determine the price and stage for potential buyers. You can do all these tasks yourself or hire a real estate agent whose commission should be around 5% to 6% of the final price.
What makes the traditional way even more stretching is that it does not guarantee a sale. Buyers and investors consider many factors other than a property’s appearance, including the location like Ferguson, neighborhood, and the real estate market. In St. Louis in December 2024, homes in good condition stayed on the market for around 34 days. With a vacant property, you can expect to wait even longer. Do these facts mean you have no choice but to struggle as a property owner?
At FasterHouse, we introduce a non-traditional yet practical way of selling properties in any condition to help you move on as soon as possible. Let us know about your vacant property, and we will give you a price based on its current state and market value. You do not have to make your property presentable or pay us fees and commissions. Should you accept our offer, we send you the payment and close the deal whenever you are ready.
Kirkwood Missouri
Why You Should Sell Your Vacant Property and Other Real Estate
If getting rid of vacant properties or those with structural or title concerns is demanding, why should Kirkwood owners go through the eye of a needle and sell?
Anything that takes from you but does not give anything back is a liability, and vacant properties are no exception. Keeping them idle brings no profit but requires paying taxes, insurance, and upkeep. Any injury or accident on these properties also exposes you to legal risks.
Not every property owner has the resources and willingness to address these liabilities. If you are one of them, FasterHouse is ready to assist you.
We Buy Houses In Any Condition
What We Mean By “Any Condition”
FasterHouse, as a buyer, is flexible. Here are all the types of properties we take off the hands of owners:
- Repairs Needed: Houses or buildings with minor or major damages on features or systems.
- Renovations Gone Wrong: Properties with unfinished or unsatisfactory renovations that owners cannot or do not want to complete.
- Code Violations: Structures that do not comply with city or state building codes.
- Trash-Filled Properties: Houses or apartments full of garbage or hazardous materials.
- Damaged Homes: Houses with fire, water, mold, or any other type of damage.
- Properties With Bad Rental Tenants: Rental properties with difficult tenants landlords no longer want to manage.
- Hoarder Homes: Houses or apartments with extreme clutter and unsanitary conditions.
- Fixer Uppers: Buildings that are not livable or sellable.
- Dirty Properties in Bad Shape: Properties with severe neglect and uncleanliness.
- Death Estates: Inherited properties that owners do not want to keep.
- Abandoned Properties: Properties that owners do not intend to return to.
- Rundown Homes: Old houses that have not been maintained for a long time.
- Properties With Foundation Cracks: Buildings with structural damages that make them unsafe.
- Vacant Lands and Houses: Properties that have no structures on them or are not in use.
BBB Logo
FasterHouse’s Fast Solutions
FasterHouse has been in the home-buying industry since 2002. Let our clients speak for our services:
- “FasterHouse saved me! I needed to settle my mother’s estate when she passed this year. I live and work in another state. I had no idea how I was going to sell her house… The entire transaction was seamless, stress-free and happened, start to close within a couple of months.” – Sue E
- “Great company! I’ve worked with the people and owners, and there is a definite difference in how they operate from the competition! Customer-service focused, and they stand by their word when they give you an offer! The best in St. Louis when it comes to buying houses!” – Nate Moore
Learn More About FasterHouse and Get a Cash Offer
FasterHouse is a locally owned and operated company. Get to know our team and understand how we work because we buy houses St Louis! We have helped countless individuals in Missouri and are eager to do the same for you. Request a free, instant cash offer now and sell vacant property in St. Louis hassle-free!