Part 4 – Step By Step Guide to sell your house quickly in its current rough condition

Presented by STL Real Estate, Property Solutions for Saint Louis homeowners

ARV Option – Figure it out on Your Own (Recommended, but time intensive and difficult to do correctly if you don’t have much experience)

Figure out the ARV on your own.  This is a very difficult task for someone without real estate experience.  The best way to figure out a property’s after repair value is through the comparable property technique.

The step by step process to selling your house quick in ‘as-is’ condition:

1. Know Thyself

Make a quick list of all of your property’s basic features for reference against the comparable properties.  

Bedrooms:

Bathrooms:

Square Feet:

Garage:

Basement:

Lot:

2. Know Your Comparables

• Look only at Sold Properties

When you figure out a property valuation, a property that is currently active on the market does not mean it is correctly priced.  You can’t judge how much your property is worth based on what someone else is speculating that their property is worth.  Look only at properties that have sold.

• Location, Location, Location…

If possible, find and use comparison houses that are within a quarter mile of your house.  If you can’t find good comparables within a quarter mile then extend the search out to a 1/2 mile.

• Timing is Important

The comparables need to have sold within the last 6 months. This is the goal.  If it isn’t possible extend the timeframe backwards until you find good comparables.

3. Example

The perfect comparable would be:

• Your next door neighbor
• The house has exactly the same features as yours in every way
• It sold yesterday

So, when figuring out your property’s after repair value, 3 of the very most important factors to consider are: Location, Comparable Sold Properties, and Timing

For the easiest way to sell your rough house in St. Louis, fill out this form

In conclusion, part 4 of the miniseries was all about calculating the after repair value of your rough missouri house.  Click this link for the next part: Sell an rough House in St. Louis, Missouri Part 5

Previous and other parts in the series can be found below:

Sell an rough House in St. Louis, Missouri Part 1, Sell an rough House in St. Louis, Missouri Part 2, Sell an rough House in St. Louis, Missouri Part 3, Sell an rough House in St. Louis, Missouri Part 4,How to sell an rough House in St. Louis, Missouri Part 6, How to sell an rough House in St. Louis, Missouri Part 7, Sell an rough House in St. Louis, Missouri Part 8, Sell an rough House in St. Louis, Missouri Part 9, Sell an rough House in St. Louis, Missouri Part 10, Sell an rough House in St. Louis, Missouri Part 11, Sell an rough House in St. Louis, Missouri Part 12