You have probably seen a lot of signs along the street in your neighborhood, or maybe even billboards along the expressways saying “we buy ugly houses” and “we buy your house with cash” and wondered why a person would sell a house for cash. Normally when a homeowner is ready to sell, a real estate agent is the first phone call to evaluate the property and determine a plan for getting it sold. This is a great idea for most sellers, and the plan for selling with an agent usually includes cleaning the property out of personal belongings, some minor repairs to the house and the exterior to improve curb appeal and make the house look fresh, and then photos and videos to get it prepared for listing. There’s also cleaning between showings and hosting open houses while the house is actively listed, followed by negotiation and usually credits or more repairs after the buyers’ offer and inspection. Then waiting for the buyers’ mortgage approval process and the various inspections and appraisal required for loan approval and the clear to close. Preparing a house to get it listed and the long, multi-step process of selling a house are the main reason some homeowners don’t want to use an agent and try to sell it in the traditional way. Looking for a cash for homes company is a great alternative to the hassle of selling a house on the MLS. Below we take a look at how to put together a game plan and considerations that go into determining if selling your house for cash is the way to go.
Cash For Homes – Sell Your House Fast
This is one of the most important factors in how you sell your house, and it’s one of the first decisions you need to make. The timeframe in which you need to sell will determine what options you have. The more time you have, the more options you have for how you sell your house. If you must sell in less than 2 months — or even less than that — you most likely don’t have the time required to hire a real estate agent and list it in the traditional way. Let’s face it, it takes a lot of time and energy to get a house ready to list, especially if the house needs a lot of work or is full of decades of personal contents. And for those who have inherited an unwanted house, trying to juggle repairs or a major renovation with their hectic everyday life is just out of the question. The longer you own a house, the more it will cost to hold it — property taxes, utilities, maintenance and repairs all continue to cost money until the day it is finally sold.
If you own an unwanted or burdensome house and you must sell quickly, finding a professional cash home buyer like Kendall Partners is a very real option. An experienced professional cash home buy has the ability to purchase your house in as little as 10 days. When your house is purchased with cash by a cash for homes company, you don’t have to wait for the buyer’s loan approval and you won’t have to wait for other professionals who are part of the underwriting process such as an appraiser. While interest rates are very low, the mortgage industry is very busy with refinancing current loans and this can mean sellers and buyers alike are waiting for longer times to get a mortgage approved and ready to close. A cash for homes allows for a much quicker closing and removes the risk of a loan that doesn’t close at all.
Cash For Homes – A Fair Cash Sales Price
If you need to sell your home fast, the next consideration is sales price. What do you need to sell your house for (emphasis on the word NEED)? If you must sell your house for the retail price but you absolutely must sell your house fast and you can’t afford to use a real estate agent, then crunch some numbers and determine exactly how much you need to get out of the sale of your house. If the price you need doesn’t leave room for real estate commission, then it’s time to speak with a cash for homes company like Kendall Partners. Give us a call today at (630) 389-8232, or submit your information using the form below. We can help you determine if selling your house for cash gets you close to the amount you have to get out of the sale. However, if you come to the conclusion you must have the full-retail value of your house and you can wait for a traditional retail buyer to make an offer, then the best thing to do is hire a real estate agent to list it for you.
There are some typical costs that will come out of the sale of a house, and some additional considerations if you’re selling a house you’ve inherited. The first and usually largest cost is any remaining amounts due on the mortgage. Typically the next largest costs are any property taxes due, which are always paid in arrears in the state of Illinois. This number can be even larger if there are unpaid taxes from numerous past years. When you use a real estate agent to sell your house, the commission also takes thousands out of the proceeds — the commission can sometimes cost more than the tax prorations, depending on the property tax rate. Then there are transfer taxes due to the city and county for each real estate transaction that takes place, as well as escrow and title fees due to the title company you choose to close at. Lastly, there are attorneys’ fees which are also paid out of the proceeds. Those are just the most common costs which associated with real estate transactions. Anyone selling a house can arrange to pay other debts out of closing. Common debts paid from closing include outstanding city violations, utilities, or amounts due to other heirs or creditors. So what are some of the costs that will come out of the sale of your house? When you sell your house for cash to Kendall Partners, you will avoid paying real estate commissions as well as typical closing costs such as transfer taxes, CPL fees, and title. We pay these for you.
Cash For Homes Chicago – Kendall Partners, Your Trusted Cash Homebuyer
So you’ve seen the signs for home buying companies advertising “we buy houses Chicago” and “cash for homes” all around town. Who are these cash home buying companies in Chicago anyway? How does it work and who should I trust? Most sellers are used to a traditional home sale process using a real estate agent, so it’s reasonable to wonder whether cash home buyers are on the up-and-up. An experienced, local cash home buying company will take the time to help you sort through your specific situation, why you need to sell and how quickly, and whether a direct sale will be a better fit than a traditional real estate sale.
Selling a house can be challenging, especially if you’re under pressure to sell fast due to a job loss, relocation, divorce, or a family health emergency. With the added pressure of those types of circumstances, the process of selling your house becomes especially overwhelming. Most homeowners hire a real estate agent without realizing that it will cost a lot of time and money just to get a house ready to list. If you need to sell a house quickly, you have options! You can sell directly to a professional cash home buyer like Kendall Partners. We are your local, trusted, professional cash home buyer providing homeowners with a simple, no-hassle way to close on a house quickly – usually within 10 to 30 days from start to finish. When you sell to a cash for homes company like Kendall Partners, you won’t have to wait for a lender to approve a loan or conduct an appraisal or other inspections because there IS no loan! This drastically shortens the time it takes to sell your house and allows you to access your proceeds quickly. Not only do you close more quickly and have access to your proceeds when you need it, the cash home buyer takes on all the risks and responsibilities of the house, allowing you to end your ownership of a burdensome property and move on with your future plans.
Are you wondering who are these home buying companies in Chicago and which one you can trust? We’ve all had bad experiences with pushy salespeople who are only concerned about their own bottom line. At Kendall Partners, we put the focus on the seller. We take the time to uncover why you need to sell and what your financial goal is. We’re reliable and compassionate, and we care about helping you solve your problem to get the best outcome. We also know that selling a house quickly for cash isn’t the best answer for every seller we speak with. We help guide people to a fair solution, one that will work for them. If it’s in a seller’s best interest to list their house with a real estate agent, we guide them in that direction. We’ve been buying and selling houses since 2007, and we have the expertise in the local market to guide sellers in the right direction that fits their goals.
Cash For Homes Chicago – Proven Results and Great Reviews
At Kendall Partners, we care about sellers and it shows. Cash for homes reviews on Kendall Partners reveal our proven results. Kendall Partners is your trusted, local cash homebuyer. We represent ourselves in a transparent manner, we use a simple one-page contract, and we communicate throughout the entire process to keep seller in the loop. We are professional and compassionate, and we value each seller we work with. You can check out our testimonials from satisfied sellers on our website right here, and don’t forget to check out our 5-star Google reviews here.
Kendall Partners has been buying houses with cash all over Chicagoland with cash since 2007. We help sellers who need to sell burdensome houses quickly, and we help them avoid the cost and hassle of a traditional real estate sale to a retail buyer. Whether you’ve inherited an unwanted house, own a fixer-upper and don’t want to make repairs or remodel, are tired of being a landlord, or you need to sell quickly after the loss of a job or to be closer to aging family members, we can help. No matter your situation, we will treat you with the compassion and respect you deserve. Our proven, hassle-free home buying process allows you to get relief from your situation without all the added costs, time, and energy required to sell to a traditional retail homebuyer. Give us a call today at (630) 389-8232, or submit your information using the form below. We’ll discuss your unique situation and to see if selling your house directly to Kendall Partners is a good fit for you, and we’ll give you a no-obligation, fair cash offer in about 24 hours.