You’ve seen signs all over the Chicago suburbs “We Buy Distressed Houses” and “We Buy ANY House with Cash” and it sounds like a dream come true! A cash buyer sounds amazing, especially when selling your house! You can just imagine the profits rolling in, and what you would do with that money to change your financial situation. If you’ve decided to sell your house for cash in Chicago, you want to be sure you’re dealing with an investor you can trust! Below we take a moment to learn about the differences between a random cash buyer off the street, and a proven, trusted, professional home buyer. No matter why you need to sell your house fast, once you’ve considered all of the pros and cons and you’ve decided to move forward with a cash buyer, read this before you sell your house for cash in Chicago. There are many benefits to selling directly, but you should consider the quality of the cash home buyer you’re selling to before you make a costly mistake.
Sell your house for cash in Chicago – Due Diligence
When you sell your house directly to a cash home buyer, you’re working one-on-one with the investor. There are no real estate agents involved, no showings, no loan officers or underwriters, inspectors or appraisers. This is part of the appeal of selling directly, it simplifies the sale process. So when deciding which cash home buyer is the right fit for you, you’ll want to do your own research to determine which one is a trusted professional you feel good about working with. If you don’t know a cash home buyer personally or through word of mouth, one of the best ways you can research is to look online for reviews and testimonials from sellers who have sold a house to the cash buyer you’re considering. How many positive, 5-star Google reviews do they have and how recent are those reviews? Does the cash buyer create videos or blog posts which educate sellers about the real estate industry, and how long has the cash buyer been established? A brand new cash buyer who has only purchased a handful of houses may not be the best fit for a seller to work with.
While there are many reasons for a homeowner to sell a property quickly, it’s okay to take the time to determine whether a cash sale is actually in your best interest. Beware of a cash home buyer who is pressuring you to sell or who is rushing you to sign a contract without an interest in your reasons for selling or for your desired timeframe. A trusted professional will guide you to the best solution for the sale of your house and your financial goals, even if that means connecting you with a real estate agent who can help you sell it to a traditional home buyer. Every house is unique and so is your reason for selling, and a cash home buyer with years of investing experience will be able to evaluate your property, what price you will likely to be able to get for it, and what repairs or upgrades are needed to get the desired price. Again, a cash home buyer with integrity will tell you if it’s better to put your house on the market rather than sell your house for cash in Chicago.
Sell your house for cash in Chicago – Fair Price
Many of the cash buyers you encounter are looking to earn a quick turn around on their investment, and unfortunately they have little to no interest in your needs when you sell your house for cash in Chicago. If the cash buyer you’re working with has not asked you about the financial goals you want to accomplish through the sale of your house, it’s likely that you won’t come out on the good end of the transaction. A trusted, local, professional cash home buyer will take the time to listen to your unique situation and the end result you’re hoping to accomplish. A reputable cash home buyer will help you discuss various options for selling your house, and discover what type of sale may be best for your goals. A knowledgeable cash home buyer will review all the ways you save money by sidestepping the conventional real estate sale process, and they’ll let you know if they feel you’re in a good position to take the time to list the home on the traditional market. They care about integrity and doing what is best to suit your specific situation. Not only do they know the local market very well, but they care about your financial outcome in the deal.
Sell your house for cash in Chicago – Your Timeline
Working with an inexperienced cash buyer could end up costing you dearly — both time lost and various holding expenses over that time can’t be recovered when you sell your house for cash in Chicago to the wrong investor. If your cash buyer promises to buy your house but then continually pushes back your sale, even though there is no real reason to delay, then they may be looking for someone else to step in and buy your house. This is called wholesaling, and unfortunately for many sellers, this can result in the deal falling through altogether if the wholesaling investor cannot find a third party to re-assign the sales contract to for the purchase of your house. Sometimes due to inexperience, the cash buyer you’re working with simply isn’t able to help guide you in completing the sales process in a timely manner. You see, even in a direct sale in Illinois, you will likely have some paperwork you need to complete with your attorney to keep on track. There are also certain cities in the Chicagoland area which require certifications or inspections on your property before they allow you to sell your house. Inexperienced cash home buyers are often not aware of these requirements or just don’t want to deal with them. When you decide to sell your house for cash in Chicago, things will go smoothly and much quicker when you work with a trusted, professional, cash home buyer who takes the time to walk you through the steps you need to complete, explaining the process along the way. You can rest assured that you can depend on their expertise and follow through, and you know this will help you sell your house in the timeframe you hoped for.
Sell your house for cash in Chicago – Sell Your House As-Is
It’s very common for sellers to seek out a cash buyer because the property they’re selling is in a state of disrepair or extreme neglect. A professional cash home buyer will purchase your house as-is when you sell your house for cash in Chicago. A reputable cash home buyer has the resources or the contacts to be able to handle cleaning a house out and making the repairs to the house after they’ve purchased it. If you find yourself mired in the expenses and headaches of completing the very repairs which caused you to seek out a cash buyer in the first place, then this is a huge red flag that the buyer you’re working with is not the right fit for the sale of your house. When this happens to a seller, they see the profits they hoped for slowly being drained right back into the property, and the overwhelming stress of making repairs are still on the seller’s shoulders.
An experienced professional cash home buyer has a strong network of construction crews and other professionals in the remodeling industry. Trusted cash home buyers understand not only the real estate market but what it takes to rehab a house. When you sell a house to a cash buyer, you should be able to sell it as-is, in any condition, and without having to make repairs. Having factored repairs into their initial offer, you should be able to sell the house and walk away without putting any additional work into it.
To realize the best profit from selling your house for cash in Chicago, give Kendall Partners a call. We’ve been buying houses with cash since 2007, and we make selling your house simple with our proven no-hassle home buying process. We have the cash ready to buy your house in as little as 14 days from the date of contract, but we can also accommodate sellers who need more time. It all starts with a short phone call and some details about the house you want to sell. We can set up a 15-20 minute appointment to walk through the house you want to sell, and have a fair cash offer to you within 24 hours. We take the uncertainty out of selling your house, and we give you relief from owning a burdensome property. When you’re considering selling your house for cash in Chicago by selling directly to Kendall Partners, we make it easy! Give us a call today at (630) 389-8232 or submit your information below and we’ll reach out to you shortly.